- 123jump.com Staff
- 23 Dec, 2008
- New York City
Stocks in Mumbai dropped 2.4% on the worries that global financial crisis will deepen and foreign investment to India may suffer. The government urged Reserve Bank of India to lower rates further but did not indicate when. Wipro agrees to pay $127 million to acquire Citi Technology Services.
- 123jump.com Staff
- 23 Dec, 2008
- New York City
China foreign currency reserves drop below US$1.9 trillion. Retail sale of consumer goods in China is likely to jump 21% in the year ending in December. Stocks in Hong Kong dropped 2.8% and in Shanghai plunged 4.9% on the worries that recent rate cut may not be sufficient.
- 123jump.com Staff
- 23 Dec, 2008
- New York City
For the third straight quarter New Zealand GDP declined. In the quarter ending in September, economy shrank 0.4% after dropping 0.2% in the previous quarter. The economy also declined 0.1% from a year ago, a first annual decline in a year. HFA Holdings plunged after it halted redemptions.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
U.S. stocks fell on the worries that General Motors may need more funding, weakness in insurance stocks and worsening economic outlook. Irealnd was forced to inject 5.5 billion in emergency capital to save three largest bank. China lowered is rate for the fifth time and Toyota slashed its earnings.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
Miners and insurers fell in London trading. UK home prices are expected to decline 10% after falling 9% in the current year. The European Commission approves Electricite de France acquisition of British Energy. Pound inches near parity with the euro. Ireland pumps 5.5 billion euros in banks.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
U.S. stocks dropped for the fourth day in a row. Insurance stocks led decliners. Of the stocks in S&P 500 index, 36 gained, 462 declined and 2 were unchanged. LSI Corp led decliners in the index with a loss of 22% and AIG led gainers in the S&P 500 index with a rise of 3.1%.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
The agricultural machinery revenues were $7.401 billion and net income of $345 million or $0.81 a share compared to $422.1 million or $0.94 a share a year ago. U.S. farm cash receipts for 2008 and 2009 are at good levels. The company estimated income for the first quarter 2009 of $275 million.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
The the home furnisher reported third quarter earnings of $752 million or a loss of $0.10 a share compared to 25 cents a share. The company expects fourth quarter revenue to be between $940 million and $1 billion and earnings per share between $0.10 and $0.30 a share.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
The apparel retailer third quarter net loss from continuing operations of $14.8 million or 28 cents per share compared net loss of $0.9 million or 2 cents per share. Sales in the quarter declined 14% to $357 million. Comp store sales declined 14%.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
The jewelry retailer quarterly net sales declined 1% to $618.23 million. Net earnings plunged to $44 million or $0.35 per diluted share compared to $103 million or $0.74 a share a year ago. The company projected full year earnings between $2.30 and $2.50 a share.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
India plans to introduce new tax code to prevent treaty shopping. Oil prices may be lowered before the election announcement. Banks lower rates to sustain lending. State Bank of India, Bank of Baroda and HDFC Bank passed on recent cut in rates to borrowers.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
Australian stocks fell after Fortescue Metals Ltd. said it issued 1.55 million shares for A$3.65 million to pay contractor bills for changes made to shipping contracts. Arrow Energy proposes to acquire Pure Energy for A$2.70 cash and 1.21 Arrow shares.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
Tokyo stock market averages jumped more than 1.6% after the Bank of Japan expanded its asset purchase plan to commercial debts. November exports from Japan dropped 27%. Toyota cut its net income for the fiscal year by 91% and projected operating loss. Sales estimates were cut by 18%.
- 123jump.com Staff
- 22 Dec, 2008
- New York City
Central bank in China lowered interest rate for the fifth time in a row however, the size of rate cut surprised most economists. China is still hoping that economic stimulus, rate cuts and reduced cash reserve ratios will sustain economic growth at 8%.
- 123jump.com Staff
- 20 Dec, 2008
- New York City
RiM revenues surged 66% to $2.8 billion. Net income increased 7% to $396 million or 69 cents a share. Nearly 2.6 million net new BlackBerry subscriber accounts were added. The Company estimated revenues between $3.3 billion and $3.5 billion and earnings per share of between $0.83 and $0.91.