- Mukesh Buch
- 15 Jul, 2009
- New York City
European auto sales in June increased on the government incentives but declined 11% in the first half of this year. Germany based MAN acquired 25% stake in China based Sinotruk. The retailer Casio Guichard second quarter sales declined 1.9%.
- Trupti Mehta
- 15 Jul, 2009
- New York City
Stocks in London surged after the miners and insurance companies rallied. The sharp gain in copper and other base metals lifted the stocks in resource sectors. Insurance companies gained on takeover rumors. UK unemployment claims increase in June, record high in 12 years.
- 123jump.com Staff
- 15 Jul, 2009
- New York City
Metals and shipping related stocks in Shanghai surged and banking and financial service sectors closed higher in Hong Kong. China
- 123jump.com Staff
- 15 Jul, 2009
- New York City
The bank holding company reported net revenues rose 46% to $13.8 billion in the quarter. Net quarterly earnings surged 65% to $3.4 billion helped by record revenues in fixed income, currency and commodities unit. Earnings per share increased to $4.93 from $4.58 a year-ago quarter.
- Mayank Mehta
- 15 Jul, 2009
- New York City
YUM! Brands fell 7% after it reported earnings. The mutual funds manager Janus declined after its chief resigned and company plans to raise capital. Gannett gained after it returned to profit.
- Mayank Mehta
- 15 Jul, 2009
- New York City
Mizuho Financial set the 530 billion yen offering price at 184 yen a share. The Bank of Japan extended by three months its emergency lending program to December and lowered its economic outlook for this year and the next year.
- 123jump.com Staff
- 15 Jul, 2009
- New York City
The Sensex index in Mumbai gained 6% or 852 in last two days. Metal stocks shine on rally in LME metal prices. Adani Enterprises Limited and Mundra Port & SEZ Ltd surged after Adani Power Ltd filed to raise $450 million.
- 123jump.com Staff
- 14 Jul, 2009
- New York City
The largest U.S tax preparer fourth quarter revenue dipped 3% to $2.47 billion but profit surged 30% to $706.9 million on higher fees and more returns offsetting reduction in tax returns. Earnings per share were $2.09 as against $1.66 a year go.
- 123jump.com Staff
- 14 Jul, 2009
- New York City
Intel sales increased 12% sequentially in the second quarter but reported a loss on a charge of $1.45 billion related to the European Union fine. Earnings without the charges were $1 billion, up from $420 million in the first quarter and down $552 million from the second quarter a year ago.
- Sarla Buch
- 14 Jul, 2009
- New York City
Banks and financial brokers rallied after Goldman Sachs reported sharply higher earnings in the second quarter. Retail sales in May increased 0.6% and inventories declined 1%. Dell Inc fell on earnings worries and CSX increased after it reported in-line earnings.
- Mukesh Buch
- 14 Jul, 2009
- New York City
Banks and automobiles makers stocks gained in European trading. The sharply higher earnings from Goldman Sachs in New York lifted banking stocks in Europe and UK. Software AG proposed to acquire IDS Scheer AG in a bid that values the company at 477 million euros.
- Trupti Mehta
- 14 Jul, 2009
- New York City
Mining stocks rally in London lifted FTSE 100 index higher. Britvic Plc edged up 3% after it estimated higher than expected annual earnings. The industrial chain maker Renold dropped 7% after full year earnings plunged 72%.
- Darlington Musarurwa
- 14 Jul, 2009
- New York City
Stocks in Japan rebounded after a sell-off that has lasted two weeks. Banks, securities and commodities companies closed higher. Hisamitsu Pharmaceuticals agreed to acquire Miami, Florida based Noven Pharmaceuticals for $430 million. Nissan surged after it increased production in China.
- 123jump.com Staff
- 14 Jul, 2009
- New York City
The discount retailer net quarterly sales rose 8.3% to $1.84 billion on comparable store sales growth of 6.2%. Net quarterly income increased 35.5% to $87.7 million propelled by strong consumables category performance. Earnings per share surged to 62 cents from 46 cents a year-ago quarter.
- Mayank Mehta
- 14 Jul, 2009
- New York City
CIT Group Inc led gainers in the S&P 500 index with a rise of 24.4%. Bank of the Ozarks, Inc second quarter net up 10%. The Goldman Sachs Group second reported quarter net and compensation surges. Novellus Systems second quarter net loss.