- Trupti Mehta
- 04 Aug, 2009
- New York City
BMW reported net quarterly loss and indicated no change in weak outlook for the year. Bauer AG dropped 8% after net income plunged 43%. Beiersdorf AG earnings fell on weak industrial demand. Fresenius Medical reiterated annual earnings and sales outlook.
- 123jump.com Staff
- 04 Aug, 2009
- New York City
Lending tightening by China to curb speculative home lending appear to yield results as prices in the four large cities declined for the first time in seven months in July. Chinese regulators are also likely to tighten capital reserve calculations to curb lending. Resource stocks rose in Hong Kong.
- Mayank Mehta
- 04 Aug, 2009
- New York City
Toyota lowered annual loss estimate and revised higher annual unit sales. Yamaha plunged after it estimated sharply higher annual loss. Idemitsu Kosan, the crude oil refiner sales fell and reported net loss in the quarter.
- Mayank Mehta
- 04 Aug, 2009
- New York City
Standard & Chartered declined after it plans to raise capital
- Mayank Mehta
- 04 Aug, 2009
- New York City
PPL Corporation led the decliners in the S&P 500 index with a loss of 9.0%. Cognizant surged after it lifted its third quarter revenue and earnings outlook. D.R. Horton, Inc reports third quarter loss. CVS Caremark second quarter revenues increased 18% and net income gained 15%.
- Mayank Mehta
- 04 Aug, 2009
- New York City
Stocks in Mumbai trading declined from fourteen-month high. Earnings dominate trading sentiment. HCL Infosystems gains after winning new orders. Sical Logistics and Mitsui OSK in a joint venture to manage auto shipment port in Southern India. Tata Motors gain on monthly sales rise.
- 123jump.com Staff
- 04 Aug, 2009
- New York City
The software company reported revenue declined 17% to $13.10 billion in the quarter. Net quarterly profit slumped 29% to $3.05 billion impacted by weakness in the global PC and server markets. Earnings per share dipped to 34 cents from 46 cents a year-ago quarter.
- 123jump.com Staff
- 03 Aug, 2009
- New York City
Global markets surged after manufacturing expanded in China, auto sales increased in France and India and construction spending edged higher in the U.S. Earnings in Europe lift indexes. Copper up 4% and natural gas surged 9%. Dollar declined. S&P 500 index above 1000 and Nasdaq cross 2000.
- 123jump.com Staff
- 03 Aug, 2009
- New York City
Chinese stocks surged ahead on the release of two separate manufacturing reports. The reports indicated that manufacturing sector is expanding and export linked activities are recovering. China Vanke first half profit increased 22%. China Everbright filed to raise $1.6 billion.
- 123jump.com Staff
- 03 Aug, 2009
- New York City
Commodities and energy related stocks in Europe gained on the expectations of lower dollar and rising prices. Banks in Europe edged higher. Rhodia and Linde surged on earnings. French auto sales increase lifted Peugeot and Renault.
- Mayank Mehta
- 03 Aug, 2009
- New York City
Stocks in London closed higher after Barclays and HSBC reported profit in the first half. Celsis receives 232.5 pence cash offer. Sport Media Group surges on higher earnings estimate and an increase in circulation. Ultra Electronics lifts sales and profit estimate.
- Mayank Mehta
- 03 Aug, 2009
- New York City
Ford Motor Company led gainers in the S&P 500 index with a rise of 9.8% after auto sales increased. Barnes Group Inc second quarter net falls to $10.4 million but Humana second quarter profit rises. Tyson Foods beats earnings estimate on rising volume.
- 123jump.com Staff
- 03 Aug, 2009
- New York City
Oil field services provider Schlumberger quarterly revenue dipped 18% to $5.53 billion. Net income plunged 56.8% to $615 million mainly due to North American performance and severance charges. Earnings per share were 51 cents down from $1.16 in the year-ago quarter.
- 123jump.com Staff
- 03 Aug, 2009
- New York City
The chip maker quarterly revenue dipped marginally to $2.75 billion and profit declined 1.5% to $737 million despite strong royalty and licensing revenue. Earnings per share were 44 cents against 45 cents a year ago. Full year revenue is expected to be around $10.25 billion.
- 123jump.com Staff
- 03 Aug, 2009
- New York City
Japan auto sales decreased 4.2% in July and Toyota sales fell 3%. Mitsubishi rise in earnings lifted banks and realty stocks. Itochu and Casio reported weak results. Suzuki earnings fell on weak sales.