- 123jump.com Staff
- 15 Oct, 2008
- New York City
Coca-Cola Company edged higher after reporting better than expected earnings a day after PepsiCo said earnings fell 9%. State Street fell after it reported 33% increase in earnings but also unrealized losses in the investments soared 65% to $3.3 billion.
- 123jump.com Staff
- 15 Oct, 2008
- New York City
Weak September month retail sales dragged market averages and the retail sector stocks lower. Mining and metals and energy complex stocks dropped after the crude oil, gasoline and natural gas prices fell to a low for the year. Of the stocks in S&P 500 index, 470 declined and 28 gained.
- 123jump.com Staff
- 15 Oct, 2008
- New York City
September retail sales declined from August and from the previous year as consumers pull back. Auto, furniture, restaurant and apparel retail sales were down more than expected in the month. Sales at convenience stores and healthcare outlets were up. Crude oil dropped to $75 a barrel.
- 123jump.com Staff
- 14 Oct, 2008
- New York City
Stocks in Mumbai, India rose more than 8.5% in two-day gains. The European government offered $1.6 trillion to support banking system and the U.S. offered $250 billion in nine largest financial institutions. The RBI injected 20,000 crore rupees to help mutual funds to face redemptions.
- 123jump.com Staff
- 14 Oct, 2008
- New York City
Stocks in Hong Kong rose for the second day after the U.S. prepared to inject $250 billion in nine largest banks. The capital injection lifted the sentiment in the region and in Shanghai and Hong Kong. property and financial stocks led the gainers.
- 123jump.com Staff
- 14 Oct, 2008
- New York City
Australia unveiled A$10.4 billion stimulus package. The latest move comes after the government guarantee to insurance all bank deposits and lower interest rate by 1%. The fiscal and monetary measures are expected to sustain domestic economy in the face of weak global market conditions.
- 123jump.com Staff
- 14 Oct, 2008
- New York City
Japan stocks soared in the largest one-day gain in nearly 40 years after dropping to a 16-year low. European government took agressive steps to support banking system. Germany, Spain, France and Holland agreed to commit $1.6 trillion. UK will spend $65 billion to take direct stakes in banks.
- 123jump.com Staff
- 14 Oct, 2008
- New York City
Whitbread, the hotel and restaurant group revenue in the first half rose 12% to
- 123jump.com Staff
- 14 Oct, 2008
- New York City
UK government plans to float additiional debt to pay for the cost of the latest bailout of four banking institutions. The short-term gilts and Treasurys will raise a total of
- 123jump.com Staff
- 14 Oct, 2008
- New York City
U.S. stocks declined after weaker than earnings from PepsiCo unnerved investors. Analysts lowered their outlook for the tech sectors but after the close Intel reported better than exepcted third quarter earnings. Metals and mining companies fell. Financials gained on $250 billion Treasury action.
- 123jump.com Staff
- 14 Oct, 2008
- New York City
Financials gained after the U.S. Treasury injected $250 billion in nine largest financial institutions. XL Capital rebounded after the chairman was forced to meet margin call. Johnson & Johnson rose on 30% rise in earnings. Pepsi fell on 9% drop in third quarter earnings.
- 123jump.com Staff
- 14 Oct, 2008
- New York City
General Electric reported third quarter earnings of $4.5 billion or 45 cents a share. The company completed investment in Weather Channel, purchase of Citi Commercial, sale of GE Money in Japan and partnership with Mubadal in UAE. The company estimated $20 billion earnings in the year.
- 123jump.com Staff
- 14 Oct, 2008
- New York City
U.S. Treasury pressured nine large banks to accept $125 billion in exchange of stakes that will limit executive pay and collect dividend and invest $125 billion in smaller banks. The Treasury action is in sharp contrast to the promise of investing in battered securities owned by banks.
- 123jump.com Staff
- 13 Oct, 2008
- New York City
Stocks in Australia rose after the government extended deposit guaratees to all bank deposits. The unprecedented move helped lower interbank loan rates and lifte stocks. European government plan to offer 1.16 trillion euros to resuce banks also weighed on the market. Oil and metals prices gained.
- 123jump.com Staff
- 13 Oct, 2008
- New York City
Hong Kong and Shanghai stocks rose sharply after European governments offered to support bank loans and interbank lending. Hopes of HK intervention to bolster stocks were rife after a suggestion of a similar action by a top regulator.