- 123jump.com Staff
- 18 Feb, 2009
- New York City
Stocks in Hong Kong edged higher but investors confidence remain fragile. Investors are increasingly realizing that the current recession is likely to be protracted and may widen further. In Hong Kong, residential prices fell 41% at its most expensive district in the three months to in December.
- 123jump.com Staff
- 18 Feb, 2009
- New York City
Stocks in Australia dropped sharply after Wespac reported sharply higher impairment charges. Earnings fell 2% to A$1.2 billion in the three months to December on a pro-forma basis, while total lending rose 2.4% in the period driven by strong mortgage and business lending in Australia.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
U.S. stocks dropped as investors increasingly come up empty with details of economic stimulus and bank bail out plan. General Motors and Chrysler seek additional $22 billion and plans to eliminate 50,000 jobs this year. European indexes fall between 2% and 3% on worries linked to the Eastern Europe.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
Arbitron Inc fourth quarter profit slips. Medtronic, Inc third quarter profit rises. Wal-Mart Stores, Inc fourth quarter profit declined 7% on weak sales rise at domestic locations. Hartford Financial, SunTrust Banks and Fifth Third Bank declined.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
U.K. stocks plunged on weak financial and commodity stocks as global economic recession appear to widen and may take longer and cost more than earlier anticipated. Banks fell on the worries that those with exposure to Eastern European region may suffer more losses.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
European indexes fall between 2% and 3% at close on the worries that banks in Eastern European countries are weaker than earlier estimated. The banks in Western Europe may suffer as many banks have significant operations in the region.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
Stocks in India dropped for the second day in a row after interim budget did not provide any corporate tax relief. The volatile foreign investors are likely to withdraw funds from the company as global economic recession widens. India is likely to miss its export target in the current fiscal year.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
The payment solutions firm reported revenues rose 14.2% to $1.22 billion in the quarter and earnings declined 21% to $239.4 million. Earnings per share decreased to $1.84 from $2.26 a year ago quarter. Revenues increased 22.7% to $5.0 billion for fiscal 2008.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
The payment processor quarterly revenues rose 17% to $1.7 billion. Net income increased 35% to $574 million for the quarter. Earnings per share rose to 74 cents from 55 cents a year ago quarter. Total cards carrying customers rose 10% globally to 1.7 billion.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
The benchmark indexes in Hong Kong dropped 3.8% and in Shanghai declined 3.1% after foreign investors withdrew HK$500 million in January. Separately, China reported fiscal revenues in January declined 17.1% on similar decline in tax revenues. Hong Kong exports in December declined 13%.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
European markets closed lower as banking sector woes persist in the region. Raiffeisen International, Swedbank AB, UniCredit SpA and Daimler AG declined in the regional trading. Eastern European economies are expected shrink at a faster pace than the Western Europe as the region relied on debt.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
Wal-Mart fourth quarter earnings dropped 7.4% to $3.79 billion or 96 cents a share compared to $4.01 billion or $1.02 a share. The company increasingly reliant on international sales and sale of groceries at domestic locations in the U.S. had anemic sales growth.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
Stocks in Australia fell on the worries that the global recession is likely to deepen after G-7 meeting of ministers failed to offer clear path to recovery. China based Minmetals offered $2.6 billion bid for OZ Minerals. BG Group raises takeover offer for Pure Energy to A$995 million.
- Darlington Musarurwa
- 17 Feb, 2009
- New York City
Japan stock indexes declined after index for demand for services dropped in December. Passenger car sales from the eight biggest car makers will drop in the current fiscal year. Finance Minister Nakagawa resigned after he appeared intoxicated at a press conference after G-7 meeting.
- 123jump.com Staff
- 17 Feb, 2009
- New York City
The healthcare products maker quarterly sales dipped 4.9% to $15.2 billion and net earnings rose 14% to $2.7 billion. Earnings per share increased to 97 cents from 82 cents a year ago quarter. The company expects earnings per share between $4.45 and $4.55 for fiscal 2009.