- 123jump.com Staff
- 15 Dec, 2008
- New York City
The apparel retailer, Gap Inc reported net earnings of $246 million in the quarter or $0.35 per share compared to $0.30 last year. Third quarter net sales declined 8% to $3.56 billion and comp store sales dropped 12% in the quarter compared to a decline of 5% in the quarter year ago.
- 123jump.com Staff
- 15 Dec, 2008
- New York City
Stocks in Sydney rose on the expectations that U.S. auto industry bailout will spur exports of raw materials. However, Australian government agency cut its forecast of commodities exports forecast by 10% to A$192 billion. One Australian dollar fetched 66.48 U.S. cents.
- 123jump.com Staff
- 15 Dec, 2008
- New York City
Japan business conditions decline in the latest three months ending in December. The sharp decline in 34 years is likely to hit the hardest small and medium size businesses and exporters. However, yen rose against the dollar and stock indexes surged on the U.S. auto bailout prospects.
- 123jump.com Staff
- 15 Dec, 2008
- New York City
Chinese industrial production in November rises at the slowest pace in seven years. The sharp fall in global economies has dragged exports and domestic economy. Stocks in Hong Kong and Shanghai rose after China indicated that 3G telecom licenses will issued by the end of the year.
- 123jump.com Staff
- 15 Dec, 2008
- New York City
UK home prices dropped in December and are likely to fall further in the next year, according to a private survey conducted by Rightmove. The survey estimates rising distressed sales in the next twelve months. In trading, stocks edge higher on a rebound in metal and oil futures.
- 123jump.com Staff
- 15 Dec, 2008
- New York City
Stocks in Mumbai rose on the expectations of another round of economic stimulus. Weak financial markets dragged merchant banking fees by 36% in the first eleven months of the year. Shipping industry stocks rose on the expectations of interest rate subsidy from the government.
- 123jump.com Staff
- 13 Dec, 2008
- New York City
Coldwater Creek, an apparel and accessories retailer reported net sales in the third quarter decreased 15.7% to $228.5 million and net loss was $1.3 million or $0.01 per share. Comp store traffic declined 21% and cash flow from operations dropped to $6.2 million.
- 123jump.com Staff
- 12 Dec, 2008
- New York City
Japanese food restaurant chain revenues in the quarter rose 4.5% to $70 million from a year ago quarter and earnings declined to $2 million or 11 cents a share compared to $2.5 million or 15 cents a share. For the fiscal 2009 the company expects sales between $303 million and $308 million.
- 123jump.com Staff
- 12 Dec, 2008
- New York City
U.S. may use TARP funds to bail out auto industry. Tech stocks surged on government stimulus plan to spend on technology research. November retail sales in China rose 21% and consumer prices rose at a slower pace. Troubled UK mortgage lender HBOS reported larger than expected loan loss.
- 123jump.com Staff
- 12 Dec, 2008
- New York City
Australian Prime Minister Kevin Rudd today unveiled a $A4.7 billion infrastructure spending program on critical infrastructure in transport, rail, education to stimulate growth and create 32,000 jobs and boost economic growth between 0.25% and 0.50%.
- 123jump.com Staff
- 12 Dec, 2008
- New York City
November retail sales in China surged at 21%, but at a slower pace than in October and September. Year to date retail sales increased at 22%. Consumer prices in China rose at 2.4% rate in the month and year to date prices increased 6.3% from a year ago period. Stocks in Hong Kong dropped 5.5%.
- 123jump.com Staff
- 12 Dec, 2008
- New York City
Stocks in London dropped 2.6% after mortgage lender HBOS reported larger than expected loss in the interim period. Majority shareholders approved merger of the troubled lender with Lloyds TBS Group. UK is likely to provide second stimulus package as reluctant banks are not increasing lending.
- 123jump.com Staff
- 12 Dec, 2008
- New York City
Industrial production in India drops 0.4% in October as domestic economy slows. Foreign investors were net buyers of stocks in the last four weeks. World Bank is expected to lend $14 billion over the next three years to step up infrastructure development in poor states.
- 123jump.com Staff
- 12 Dec, 2008
- New York City
European markets traded sharply lower and Japan dropped more than 5% after the U.S. Senators failed to agree on need for a bailout for the auto makers. Japanese auto makers dropped on the worries that parts suppliers in the U.S. may not be able to survive and crimp their production abilities.
- 123jump.com Staff
- 12 Dec, 2008
- New York City
American Eagle Outfitters, apparel retailer reported sales for the third quarter increased 1% to $754.0 million. Comparable store sales decreased 7%. Net income declined to $42.60 million or $0.21 per share compared to $99.43 million or $0.45 per share a year ago.