- 123jump.com Staff
- 07 Aug, 2009
- New York City
Elipda Memory surged in Tokyo trading on the expectations of government funding. Konica Minolta net plunged 98% in the first quarter. Bridgestone revised its quarterly ordinary income higher. Japan Airlines revenues plunged 32%.
- 123jump.com Staff
- 07 Aug, 2009
- New York City
Indian government carried out its $2.5 billion bond auction and plans to raise $60 billion in the next four weeks ahead of corporate borrowing season. Five-year and ten-year bonds dropped as yields hovered at 6.82% and 7% respectively. The bank employees commenced two-day strike.
- 123jump.com Staff
- 06 Aug, 2009
- New York City
U.S. stocks edged lower as investors digested rising unemployment and weak same store sales. Fannie Mae is seeking additional $10.7 billion from the U.S. Treasury and indicated that it many need more assistance in the future.
- Trupti Mehta
- 06 Aug, 2009
- New York City
The European Central Bank left its reference lending rate at 1% and did not expand its bond purchase program. German factory orders increased 4.5% in June, fourth monthly gain on growing export orders. Veolia Environnment SA dropped 8% after it reported net income declined more than 45%.
- 123jump.com Staff
- 06 Aug, 2009
- New York City
The electronic payment network reported quarterly revenue rose 2% to $1.65 billion. Net quarterly income soared 73% to $729 million as recent cost-cutting helped offset declining payment processing volume. Earnings per share surged to 97 cents from 51 cents a year-ago quarter.
- Mayank Mehta
- 06 Aug, 2009
- New York City
The Bank of England expanded its bond purchase program by
- Mayank Mehta
- 06 Aug, 2009
- New York City
MetroPCS Communications, Inc led the decliners in the S&P 500 index with a loss of 27.5%. AmeriCredit posts fourth quarter profit. Eagle Bulk Shipping Inc second quarter earnings fall.
- 123jump.com Staff
- 06 Aug, 2009
- New York City
The index of leading indicators in Japan surged in June on rising consumer confidence and investor sentiment. Nikon plunged 10% after it offered weak outlook. Rising metals prices lifted resource stocks. Kirin revises its annual revenues and earnings outlook.
- 123jump.com Staff
- 06 Aug, 2009
- New York City
Rising mega IPO issues may soak liquidity from Indian market. NHPC Ltd, the largest hydroelectric company announced a plan to raise 6,000 crore rupees. The state controlled NMDC is preparing to sell 5% stake in the mining company.
- Mukesh Buch
- 05 Aug, 2009
- New York City
With the worldwide market strength the initial public offerings are slowly making a comeback in the U.S., Brazil, China and India. China based offering drew bids more than 100 times offer size. Earnings dominated trading sentiment in New York.
- 123jump.com Staff
- 05 Aug, 2009
- New York City
European benchmark indexes traded sideways. AXA net in the first half declined 39%. Deutsche Boerse dropped 6.5% after net dropped 33% in the first half. Swiss Re reported quarterly net loss.
- 123jump.com Staff
- 05 Aug, 2009
- New York City
Hong Kong and Shanghai indexes edged lower. Everbright Securities initial public offering was oversubscribed more than 100 times. China Railway Construction garnered orders worth $700 million.
- Mayank Mehta
- 05 Aug, 2009
- New York City
Stocks in Japan edged lower on weak earnings from NTT, Nikon and Isuzu. Inpex, the crude oil refiner quarterly profit plunged 48%. Fast Retailing dropped after same store sales at one of its retail chains declined in July.
- 123jump.com Staff
- 05 Aug, 2009
- New York City
Fresh Del Monte sales for the quarter were up marginally to $978.4 million but earnings rose 27% to $52.2 million pushed by industry wide shortage of bananas and higher prices. Earnings per share were 82 cents as against 66 cents in the year ago quarter.
- 123jump.com Staff
- 05 Aug, 2009
- New York City
The casino operator net quarterly revenue declined 4.8% to $1.06 billion. Net quarterly income slumped 72% to $8.8 million. Earnings per share was 1 cent compared to 9 cents a year-ago quarter. The company estimates to generate $500 million in annualized savings through its cost savings programs.