- Darlington Musarurwa
- 09 Feb, 2010
- New York City
Debts by failed companies in Japan rose 838 billion yen in January as Japan Airline filed bankruptcy. Toyota Motor Corp agreed to recall 223,068 hybrid cars in Japan. Sumitomo Mitsui Financial quarterly profit doubles but leaves annual outlook unchanged.
- Mayank Mehta
- 09 Feb, 2010
- New York City
European markets inched higher as optimism grew that the euro zone leader will offer a bailout plan for Greece. The European Parliament approved the new European Commission in a vote today. The euro advanced. The Swatch Group surged 5% after it indicated better results in the current year.
- Mayank Mehta
- 09 Feb, 2010
- New York City
UK stocks gyrate with European markets and commodities prices. Metals gained in London trading. The British Land Company swings to profit in third quarter. TUI Travel Plc quarterly net loss widens and sales down. British Sky Broadcasting Group plc sells 10.4% stake in ITV plc.
- 123jump.com Staff
- 09 Feb, 2010
- New York City
The electronic payment network reported quarterly revenue rose 13% to $1.96 billion due to strong contributions from its data processing and international transaction revenues. Net quarterly income surged 33% to $763 million. Earnings per share grew to $1.02 from 74 cents a year-ago quarter.
- Mayank Mehta
- 09 Feb, 2010
- New York City
Electronic Arts Inc led the decliners in the S&P 500 index with a loss of 8.5%. Coca-Cola quarterly net income rises 55% and sales increase 5%. Cognizant fourth quarter revenues increase 20% and net income surge 28%. NYSE Euronext swings to profit and beats expectations.
- 123jump.com Staff
- 09 Feb, 2010
- New York City
Stocks advanced in Mumbai after rally in emerging markets. Software exporters led the gainers. Cement makers lift prices. Renault and Mahindra are in joint venture restructuring talks after sales plunged for the second year in a row.
- 123jump.com Staff
- 09 Feb, 2010
- New York City
U.S. stocks advanced after a sell-off that has lasted four weeks. Broader market indexes increased more than 1% in the early trading. Commodities advanced on the back of the stronger dollar. U.S. Treasury to sell $40 billion of 5-year bonds today.
- 123jump.com Staff
- 09 Feb, 2010
- New York City
Revenue rose 38% to $39.9 million & net income was $11.6 million or 27 cents a share. pretax profit margin for the quarter was 37% up from 28% in the 3rd quarter and operating margin rose to 28% this quarter from 17% in the 3rd quarter. For the year assets under management rose $2 billion or 47%.
- 123jump.com Staff
- 09 Feb, 2010
- New York City
Revenues rose 34% to $16.5 billion & net income rose 188.3% to $767 million or 10 cents a share. Operationally Biopharmaceutical revenues increased $2.9 billion or 26% year-over-year due to $2.5 billion or 22% from the addition of Wyeth products & about $400 million or 4% from legacy Pfizer products
- 123jump.com Staff
- 09 Feb, 2010
- New York City
Sales fell 1.5% to $1.28 billion and net loss was $107 million or 59 cents per diluted share. On an operating bases vacation ownership business will be down $40 million or so versus 2009. Operating incomes for vacation ownership and residential was around 118 million.
- 123jump.com Staff
- 09 Feb, 2010
- New York City
Revenues fell 4% to $667.5 million & net income rose 226% to $202.6 million or $3.04 a share. Operating expenses were up 6% from the prior quarter. Proforma operating income was $409 million the high water mark for 2009. During the quarter able to maintain a strong proforma operating margin of 61%.
- 123jump.com Staff
- 09 Feb, 2010
- New York City
Sales fell 22% to $141.5 million and net income fell 65% to $2.4 million or 3 cents per diluted share. Same store-sales for the second quarter decreased 22.5% compared to a decrease of 20.1% in the prior year. Gross margin as a percentage of sales increased to 39.2% from 38.6% in the prior year.
- Mayank Mehta
- 08 Feb, 2010
- New York City
Stocks in Shanghai and Hong Kong edged lower. China is scheduled to release new bank loan data for January this week. The closely watched data is expected to show a new surge in bank lending ahead of 20% loan curb lending for the year. SAIC Motor sales in January surged 90%.
- Darlington Musarurwa
- 08 Feb, 2010
- New York City
Stocks in Australia closed higher but the worries of global economic recovery remained. Australia removes guarantee scheme for large deposits. BT Investment accepts a revised offer from PEP.