- Mayank Mehta
- 08 Jan, 2009
- New York City
U.S. stocks fell after retailers lowered the profit outlook and reported weaker than expected sales. Wal-Mart fell after it missed sales rise estimate in December and lowered earnings outlook. Macys and Gap dropped too. Manitowoc dropped after it lowered earnings estimates.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
The Bank of England lowered its benchmark interest rate to 1.5%, the lowest level since inception in 1964. The central bank hinted worsening economic conditions, falling retail sales and further weakeness in the economy. Crude oil prices declined below $42 a barrel.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
U.S. stocks edged lower after Wal-Mart, Gap and Macys reported weaker than expected retail sales data and lowered earnings expectations for the latest quarter. Jobless claims rose less than expected at the end of the last week but number of claimants rose to a 26-year record high.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
Toro reported net earnings of $119.7 million or $3.10 per share for the year, a decrease of 8.8% on a per share basis compared to last year. The company expects fiscal 2009 net earnings to be between $2.50 and $2.70 per share on a revenue decline of 5% from a year ago.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
AutoZone reported quarterly net income of $131.37 million or $2.23 per share compared to $132.52 million or $2.02 per share a year ago. Same-store sales declined 1.5% in the quarter with net sales increased 1.6% to $1.48 billion.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
Hong Kong benchmark index fell 3.8% and Shanghai index plunged 5.9%. Hong Kong foreign currency reserves increase to US$182.5 billion at the end of December. Lenovo Group stock plunged 26% after it announced a plan to cut 11% jobs.
- 123jump.com Staff
- 08 Jan, 2009
- New York City
Stocks in Tokyo declined 3.9% after rising for seven days in a row. The benchmark index fell after weak unemployment report in the U.S. showed more than expected job losses. Central Tokyo office vacancy rose for the eleventh month in a row. The Bank of Japan will offer 1.2 trillion yen in loans.
- Darlington Musarurwa
- 08 Jan, 2009
- New York City
Australia trade surplus declined 51% to A$1.45 billion in November from A$2.96 billion the previous month as exports declined 4% to A$26.9 billion in the period. Seasonally adjusted total dwelling units approved in November fell 12.8% from a month ago and 34.7% from a year earlier to 9,581.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
U.S. stocks declined sharply and erased the gains of the year. Earnings worries dominated trading sentiment. Marks & Spencer sales declined less than forecasted. Satyam plunged after the chairman resigned and admitted financial irregularity.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
The specialty medical products maker revenue rose 6% to $269 million and surpassed $1 billion in fiscal 2008 and net income was $29.48 million or $0.65 a share, compared to a loss of $24.19 million or $0.54 a share in the year-ago quarter. The Company expects earnings of $2.17 a share in 2009.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
Korn/Ferry second quarter fee revenue and earnings per share fell to $189.3 million and 30 cents and revenue per consultant declined 8% from a year ago. The company expects third quarter fee revenue to range from $140 million to $160 million and diluted earnings per share to range from a loss of 10 cents per share to break-even.
- Mayank Mehta
- 07 Jan, 2009
- New York City
Satyam Computer Services plunged 91% after Chairman resigned and admitted financial irregularity. Alcoa fell more than 10% on a restructuring plan and production cut. Casino stocks fell further on weak consumer spending. Time Warner Inc will record $25 billion of non-cash charge and a loss.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
Scottish & Southern Energy to issue 40 million shares worth
- 123jump.com Staff
- 07 Jan, 2009
- New York City
In weak trading in Sydney, stocks closed higher ahead of earnings release. November retail sales rose 0.1% and new home sales declined 1.1% in the month. Oil and gas company Santos revived its A$1.8 billion plan to develop and supply natural gas from a field in Western Australia.
- 123jump.com Staff
- 07 Jan, 2009
- New York City
Japanese retailer Aeon Co Ltd forecasted its first annual loss in seven years. Sales in the first eleven months ending in November declined 1.2%. Listed companies in Japan are looking for a profit gain of 10% in the fiscal year ending in March 2009.