- 123jump.com Staff
- 14 Jan, 2009
- New York City
The furniture maker reported second quarter sales declined 5.8% to $477 million and earnings fall of 10.4% to 60 cents per share from prior year period. Consolidated orders for the quarter declined to 26% $426 million compared to $573 million last year, a decrease of 26%.
- 123jump.com Staff
- 14 Jan, 2009
- New York City
The packaged food company reported second quarter net income of $168.1 million or 37 cents per share down from $244.8 million or 50 cents per share from a year ago. The company reaffirmed its 2009 guidance of $1.50 a share from continuing operations.
- 123jump.com Staff
- 14 Jan, 2009
- New York City
Stocks in Shanghai soared 4% and in Hong Kong gained 0.3%. China revised its 2007 economic growth to 13% from 11.9% but Deutsche Bank estimated that the nation will face the sharpest economic slowdown in 10 years. China trimmed fuel prices between 2% and 3%. RBS sold its stake in Bank of China.
- Darlington Musarurwa
- 14 Jan, 2009
- New York City
In weak trading, stocks in Tokyo edged higher. Toshiba and Fujitsu are exploring a merger of hard disk business. Of the Nikkei 225 stocks, 136 increased, 73 declined, and 16 were unchanged. Casio Computer led advancers in the index shares with a rise of 8.2% followed by NSK Insulators gaining 6.3%.
- 123jump.com Staff
- 14 Jan, 2009
- New York City
Australian home loans rise 1.3% in November. Wesfarmers cuts interim profit forecast to A$850 million to A$880 million on increasing derivative loss provisions. Rio Tinto will slow Argyle underground project. HFA Holdings led decliners in the ASX 200 index with a loss of 11%.
- 123jump.com Staff
- 13 Jan, 2009
- New York City
Fed Chairman Bernanke stressed that more capital may be needs to support financial system and a need for fiscal programs. UK trade deficit grows. Stocks in Japan plunged 4.5%. Exports in China declined on slowing global trade.
- 123jump.com Staff
- 13 Jan, 2009
- New York City
Indian government orders criminal probe in Satyam scandal. Wipro was banned for from the World Bank. The largest real estate developer in India, DLF raised 1,700 crore rupees in the debt market lifting other real estate stocks. Infosys surged on better than expected earnings.
- Darlington Musarurwa
- 13 Jan, 2009
- New York City
U.K. trade deficit widens to
- 123jump.com Staff
- 13 Jan, 2009
- New York City
Fed Chairman Bernanke highlighted that recent easing in the monetary policy may not be enough and fiscal measures may be needed to revive the economy. For the first time, chairman acknowledged that the weakness in financial monitoring by regulators and at rating agencies contributed to the crisis.
- 123jump.com Staff
- 13 Jan, 2009
- New York City
Exports from China declined 2.8% to $111.2 billion and imports declined 21.3% to $72.2 billion. For the year 2008, total international trade rose 17.8% to $2.56 billion, but the exports and imports are expected to slow sharply in the first half of the year.
- 123jump.com Staff
- 13 Jan, 2009
- New York City
Stocks in Japan plunged 4.5% after a day after holiday. Rising yen, falling corporate profits and declining current account surplus added to investors anxieties. Sony and Toshiba expect operating loss for the current fiscal year. Current account surplus plunged 66% in November.
- 123jump.com Staff
- 13 Jan, 2009
- New York City
Stocks in Australia continued their slides as metals and oil prices decline in the region. Sydney benchmark index declined nearly 1% and resource and financial stocks led the decliners. Rio Tinto delayed the second project mining project as the worldwide slowdown intensifies.
- 123jump.com Staff
- 12 Jan, 2009
- New York City
U.S. stocks declined on the earnings worries and weakening economic sentiment. Alcoa Inc after the close, reported its first quarterly loss. Crude oil plunged 8% and metals prices fell sharply. Gold, silver and copper declined. Russia devalued its currency and may be forced to do more.
- 123jump.com Staff
- 12 Jan, 2009
- New York City
The UK stocks closed lower as prices of metals and crude oil declined. Financial companies in an industry survey reported a sharp decline in income, profitability. Businesses and consumers are still struggling to get loans from lenders. Scottish Court approved Lloyds TSB and HBOS merger.
- 123jump.com Staff
- 12 Jan, 2009
- New York City
Stocks in Mumbai trading fell on the worries that more companies are behind in keeping high corporate governance standards. The BSE reported that nearly 1,200 companies may be in violation in filing such reports. In another blow, Wipro was barred by the World Bank in doing business with it.