- Mayank Mehta
- 17 Mar, 2010
- New York City
UK stocks edged higher and the benchmark index traded near one and a half year high as expectations of low interest rate for the near future dominated the sentiment. Arriva Plc soared on a takeover offer and February unemployment claims fell at the fastest pace since 1997.
- Mayank Mehta
- 17 Mar, 2010
- New York City
Blockbuster plunged after the company may file for a bankruptcy protection. Fuqui International, Inc, the jeweler said it will miss its quarterly earnings target. Polycom, Inc surged 8% on a speculation that it may be seeking a buyer.
- 123jump.com Staff
- 17 Mar, 2010
- New York City
U.S. stocks and commodities traded higher after the producer price index decreased in February and the Fed
- 123jump.com Staff
- 17 Mar, 2010
- New York City
Sales rose 13.5% to $162.4 million and net income was $970,000 or 4 cents a share. comp-store sales increased 7%. Gross profit increasing $5.9 million or 12.8%, to $51.8 million. Gross profit as a percentage of sales decreased to 31.9% for the quarter compared with 32.1% last year.
- 123jump.com Staff
- 17 Mar, 2010
- New York City
Sales rose 9.6% to $2.74 billion & net income rose 4.5% to $55.1 million or $1.01 a share. Comparable club sales rose 4.6%. The accounts payable inventory ratio at the end of January was 71.6% versus 67.9% last year. Cost of sales including buying & occupancy was flat to last year in basis points.
- Mayank Mehta
- 16 Mar, 2010
- New York City
Stocks in Shanghai traded higher but in Hong Kong declined. Hong Kong government plans to release 4,000 apartments to cool property prices. Property developers declined in Hong Kong. Cosco Shipping Co. filed to raise $580 million to pay for twenty new ships. Coal prices decline for the sixth week.
- Darlington Musarurwa
- 16 Mar, 2010
- New York City
The Australian benchmark index gained a fraction on a strength in precious metals. Reserve Bank of Australia guided a gradual increase in rate if the economy maintains its growth pace close to its long term expectations. ANZ plans to sell 10% in Vietnam Bank as it seeks open wholly owned branches.
- Darlington Musarurwa
- 16 Mar, 2010
- New York City
Bank of Japan is scheduled to announce its rate decision and the direction of its bond purchase and direct lending programs. Sony Financial surged 14% after it tightened its portfolio guidelines. Honda Motor recalled 412,000 vehicles in the U.S.
- 123jump.com Staff
- 16 Mar, 2010
- New York City
U.S. Federal Reserve left its key lending rate range unchanged and cautioned that while labor markets are stabilizing the bank lending is still contracting. The Fed also estimated that rates will be low for an extended period of time.
- Mayank Mehta
- 16 Mar, 2010
- New York City
European market indexes closed more than 1% after EU finance ministers agreed on framework in supporting Greece and rating agency Standard & Poor
- 123jump.com Staff
- 16 Mar, 2010
- New York City
UK stocks edged higher after commodities rebounded. British Airways reach a settlement with the union on pension contribution commitment to finalize the purchase of Spain based Iberia. BP Plc takes a majority stake in the oilsands venture in Canada.
- Mayank Mehta
- 16 Mar, 2010
- New York City
Genpact Ltd declined after shareholders plan to sell 28 million shares. Financial Engines Inc surged 39% from its initial public offering price. FactSet Reseach Systems Inc gained 3% after it reported earnings increased 4.5%. Deutsche Bank swung to a quarterly profit.
- 123jump.com Staff
- 16 Mar, 2010
- New York City
The benchmark index in Mumbai trading gained more than 1% as investors focused on earnings in the current quarter and advanced tax payments. Reliance Industries payment of $170 million bolstered market sentiment despite the inflation hovering near 20%. Jet Airways expanded its route network.
- 123jump.com Staff
- 16 Mar, 2010
- New York City
U.S. stocks traded sideways ahead of the Fed
- 123jump.com Staff
- 16 Mar, 2010
- New York City
Revenue rose 104% to $982.5 million and net income was $131.1 million or 23 cents a share. GAAP gross margin was 44.7%, significantly higher than guidance. first quarter of fiscal 2011 GAAP gross margin is expected to be in the range of 44% to 45%, GAAP operating expenses are expected to be flat.