- 123jump.com Staff
- 22 Aug, 2009
- New York City
The clothing retailer net quarterly sales decreased 23% to $648.5 million on comparable store sales fall of 30%. Net quarterly loss was $26.7 million on charges related to the closure of its Ruehl operations. The company lost 30 cents a share versus earnings of 87 cents a share a year-ago quarter.
- Mukesh Buch
- 21 Aug, 2009
- New York City
World markets rebounded after the release of better-than-expected home sales in the U.S. The indexes in Americas and Europe reached a new high and crude oil hit record intra-day high for the year. Economic conditions improve in Germany and France. India prepares for stake sale of listed companies.
- 123jump.com Staff
- 21 Aug, 2009
- New York City
Australian stocks edged lower on high volume after the liquidation of Future Fund holding of Telstra share and weak commodities sentiment. Australia proposed to eliminate tax on federal debt held by foreigners.
- 123jump.com Staff
- 21 Aug, 2009
- New York City
European markets extended early gains after the release of U.S. housing data. German service index surged on the rise in confidence in the industry and French manufacturing index showed expansion on new orders. Volkswagen rebounded.
- Mayank Mehta
- 21 Aug, 2009
- New York City
Resources and energy companies led the gainers in London trading. The benchmark index FTSE 100 index surged 2% and for the week added 2.9% to 4,850.89. The index crossed 4,800 for the first time in eleven months. Legal & General, Aviva and Prudential closed higher.
- Mayank Mehta
- 21 Aug, 2009
- New York City
Brocade Communications declined after it swung to net loss. Foot Locker, Gap, Pacific Sunwear, Zumiez and Ann Taylor declined on weak results. Intuit declined on higher than expected loss. Mentor Graphics surges on guidance.
- 123jump.com Staff
- 21 Aug, 2009
- New York City
Existing home sale in July increased for the fourth month in a row. The steady gains in sales are supported by low interest rates and weak price environment across the country. Home builders gained after the release of the report.
- Darlington Musarurwa
- 21 Aug, 2009
- New York City
Stocks in Japan rebounded on the hopes that global economic recovery will take hold in the last quarter. Automakers declined after the U.S. ends rebate program for the new vehicles purchase. Japan Airlines and Nippon Yusen explore merger of cargo operations.
- Mayank Mehta
- 21 Aug, 2009
- New York City
Stocks in Mumbai rebounded after government plans to lower stake in state controlled listed companies and ask private companies to increase public float. The Cabinet raised debt ceiling to 4% for state government allowing additional $5 billion of borrowing.
- Mukesh Buch
- 20 Aug, 2009
- New York City
World market indexes closed higher after indexes in Asia, North America and Europe rebounded. Commodities prices edged higher but natural gas dipped below $3 mBTU. World steel production fell at a slower pace in July. AIG surges on tough talk by the newly appointed chief. Sears reports wider loss.
- 123jump.com Staff
- 20 Aug, 2009
- New York City
Stocks in Japan edged higher after commodities prices increased and Chinese stocks rebounded. Japan construction machinery association lowered its estimate for shipments. Auto and truck makers gained on brokerage recommendation.
- 123jump.com Staff
- 20 Aug, 2009
- New York City
The benchmark indexes in Shanghai and Hong Kong recovered after banks reported improving margins and higher net lending. Increase in commodities prices also lifted stocks of copper and coal miners. Hong Kong consumer prices declined 1.5% in July. China Mobile profit growth slows.
- Mayank Mehta
- 20 Aug, 2009
- New York City
Commodities rebound lifted markets indexes in Europe. Air Berlin completed its
- Mayank Mehta
- 20 Aug, 2009
- New York City
UK reported record budget deficit in July after revenues declined 15% and expenses surged 7.5%. The pound and gilt fell. Retail sales in July increased 3.3% from a year ago and edged higher 0.4% from June. Mortgage approvals increased. A jump in commodities prices lifted the benchmark index.
- 123jump.com Staff
- 20 Aug, 2009
- New York City
The engineering and construction firm reported revenue dipped 12% to $1.57 billion in the quarter. Net quarterly profit declined 48% to $92.6 million due to a lower level of activity in the Power Generation Systems segment. Earnings per share slumped to 40 cents from 77 cents a year-ago quarter.