- 123jump.com Staff
- 17 Apr, 2009
- New York City
Banks rallied on the hopes that adjusted earnings are better than GAAP earnings and Citigroup reported its first quarterly earnings in six quarters. Gazprom, Russian gas giant raised $2.5 billion in international bond offering, first from Russia in nine months. Carrefour quarterly sales declined.
- 123jump.com Staff
- 17 Apr, 2009
- New York City
In Australian trading, the focus was still on currencies as stocks were unchanged. The currencies of Australia and New Zealand continue to slide after the weak economic report from China. The retailer Woolworths third quarter sales rose 6.5% on same store sales gain in Australia of 8.8%.
- 123jump.com Staff
- 17 Apr, 2009
- New York City
Bank of Japan reported that economic conditions in each of nine metrics deteriorated with exports and business fixed investment leading the decline. Cabinet office reported today that the countries confidence index advanced to 28.9 in March from 26.7 the previous month.
- Mayank Mehta
- 17 Apr, 2009
- New York City
Tyco Electronics Ltd led gainers in the S&P 500 index with a rise of 14.7%. Google Inc first quarter net rises. Mattel, Inc first quarter loss widens and losses at PPG Industries. Callaway Golf declined 6% after it forecasted weaker than expected earnings. DryShips surges on $500 million offering.
- 123jump.com Staff
- 17 Apr, 2009
- New York City
Investors in the morning appear to be undecided or on sidelines after General Electric and Citigroup reported their earnings. Stocks traded lower in the morning. Revenues in the quarter surged 99% to $24.8 billion on a smaller write down in mortgage securities of $2.3 billion.
- 123jump.com Staff
- 17 Apr, 2009
- New York City
The aluminum maker quarterly revenue declined 44% to $4.15 billion. Net loss generated was $497 million in the quarter. The company lost 61 cents a share compared to earnings of 37 cents a year-ago quarter and changes to procurement practices saved $293 million in the quarter.
- 123jump.com Staff
- 16 Apr, 2009
- New York City
Technology and banks led the gainers in New York trading. After the close, Google Inc reported higher than expected earnings. In Japan NEC and Renesas are discussing merger to create the largest semiconductor maker in Japan. China reported its slowest quarterly expansion in a decade.
- 123jump.com Staff
- 16 Apr, 2009
- New York City
In the first quarter economy expanded at 6.1% in China, the sharpest decline in two decades and slowest growth in a decade. Inflation in China declines to 1.2% in March as retailers and suppliers face shrinking domestic and export demand.
- 123jump.com Staff
- 16 Apr, 2009
- New York City
Japan government is preparing to issue 17 trillion yen or $170 billion of bonds to fund economic expansion. Investor sentiment was low after China reported slowest economic expansion in a decade. NEC plans to merge with Renesas Technology to create the largest semiconductor company in Japan.
- 123jump.com Staff
- 16 Apr, 2009
- New York City
CVRD cuts benchmark contract prices for Chinese steel mills by 30%. Australia based Leighton Holdings Ltd. scrapped plan through a joint venture to build a new terminal at Dubai airport for nearly $1.3 billion. Australian and New Zealand dollars declined after China reported weak economic growth.
- 123jump.com Staff
- 16 Apr, 2009
- New York City
Harley-Davidson, Inc led gainers in the S&P 500 index with a rise of 10.2%. AMR Corporation and Cypress Semiconductor Corporation reported narrower than expected first quarter losses. Datalink Corporation slips to loss in first quarter.
- 123jump.com Staff
- 16 Apr, 2009
- New York City
Two economic reports on jobless claims and new home construction confirm the growing belief that current recession may last longer than 2009. The jobless claims declined at the end of last week, but hovered above 600,000. Housing starts plunged in March, a fall in eight of the last nine months.
- 123jump.com Staff
- 16 Apr, 2009
- New York City
The homebuilder quarterly revenues plunged 44% to $593 million. Net quarterly loss rose 76.7% to $155.9 million. The company lost 98 cents a share compared to a loss of 56 cents a year-ago quarter. New home deliveries declined 40% to 2,142 and backlog plunged 52% to 1,647 homes in the quarter.
- 123jump.com Staff
- 15 Apr, 2009
- New York City
U.S. stocks edged higher but tech stocks were weak. Treasuries declined after California plans to sell new bonds that will incur federal taxes. U.S. oil inventories are edging at 18-year high but crude oil price hovered near $50 a barrel. Rio Tinto reported a fall in iron ore production.
- 123jump.com Staff
- 15 Apr, 2009
- New York City
Stocks in Hong Kong and Shanghai edged higher after a note in the official China Securities Journal suggested revised taxes and fiscal guidelines. The revision was interpreted by market experts as additional measures from the government to stimulate economic growth.