- 123jump.com Staff
- 01 Jun, 2009
- New York City
General Motors filed for protection to restructure operations, wipe-off most of its debt and reduce its labor and operating cost. Stocks surged around the world after China manufacturing expanded for the third month in a row. Copper price reached six-month high and crude oil high for the year.
- Darlington Musarurwa
- 01 Jun, 2009
- New York City
European markets rallied after China reported third monthly manufacturing expansion in a row. The less than expected decline in manufacturing also supported a rise in energy and commodities stocks. Steelmakers, industrials and energy stocks jumped.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
UK stocks traded higher on a rise in copper, gold and crude oil prices. A global rally sparked by the third monthly increase in manufacturing in China. Copper reached $5,000 a ton, six-month high. UK home prices stabilized in May.
- Darlington Musarurwa
- 01 Jun, 2009
- New York City
Stocks in Mumbai gained for the fourth day in a row as rupee gained, trade deficit declined in April and foreign investors poured record investment in Indian stocks. April trade deficit declined 42% to $5 billion. Foreign investors poured $4.3 billion in Indian stocks in May.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
Stocks in Shanghai and Hong Kong surged after China reported third successive monthly expansion in manufacturing. The gain set-off a strong rally that expanded to Asian markets and supported indexes in Europe and the U.S.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
Retailers surged in New York trading after market indexes traded higher 2.5% or more. Stocks linked to Russia, China, Brazil and India surged as markets in Asia and emerging economies surged. Energy and commodities stocks gained as well.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
The design software maker quarterly revenue dipped 29% to $426 million. Net loss was $32.1 million in the quarter. The company lost 14 cents a share versus earnings of 41 cents a share a year-ago quarter. The company estimates revenue between $395 million and $420 million for the second quarter.
- 123jump.com Staff
- 01 Jun, 2009
- New York City
Stronger than expected home sales and better than expected retail sales, lifted the Australian benchmark index. Stocks surged 2% and Aussie gained against the U.S. dollar. Crude oil, gold, copper and silver closed higher. The australian dollar closed up at 81.18 U.S. cents.
- 123jump.com Staff
- 31 May, 2009
- New York City
The apparel retailer total sales declined 8% to $3.1 billion on comparable store sales fall of 8% in the quarter. Net quarterly earnings decreased 14% to $215 million. Earnings per share reduced to 31 cents from 34 cents the prior-year quarter. The company opened 11 new stores in the quarter.
- 123jump.com Staff
- 30 May, 2009
- New York City
The farm equipment maker net sales decreased 17% to $6.75 billion in the quarter. Net quarterly income dipped 38% to $472.3 million. Earnings per share slipped to $1.11 from $1.74 a year-ago quarter. Company equipment sales are projected to decline about 26% for the third quarter.
- 123jump.com Staff
- 30 May, 2009
- New York City
Intuit Inc third quarter revenue was $1.4 billion, up 9% year-over-year and net income grew 9.1% to $484.8 million. Earnings per share were $1.47 as against $1.33 for the year ago quarter. Revenue for the year is expected between $3.16 billion to $3.19 billion.
- 123jump.com Staff
- 30 May, 2009
- New York City
U.S. stocks closed up as global economic indicators point to improved economic climate. Industrial production in Japan, mild inflation in Europe and faster economic expansion in India and the improving confidence in the U.S. lifted stocks and commodities. Crude oil surpassed $66 and gold $980.
- 123jump.com Staff
- 29 May, 2009
- New York City
In European trading stocks edged higher after industrial production in Japan increased. Germany reported zero inflation in May and retail sales decreased in April. The dollar declined against the euro. GM and Magna appear to be in a preliminary agreement for the sale of Opel division.
- Trupti Mehta
- 29 May, 2009
- New York City
The familiar sectors were active in stock trading in London. Miners led the gainers after precious metal prices surged. Gold jumped above $975 an ounce and crude oil hovered near $65 a barrel. Home prices in a latest survey showed an increase of 1.2% in May.
- 123jump.com Staff
- 29 May, 2009
- New York City
Industrial production in April surged and is expected to rise in May at a faster pace. The rebound in exports of electronics and automobiles helped manufacturing to recover. The consumer price index in the month fell and unemployment surged to a five-year high. Shipper gained and retailers fell.