- Darlington Musarurwa
- 21 May, 2009
- New York City
UK stock investors stayed on the sideline after S&P sounded rating alarm but the government completed its debt offering. UK retail sales edged up in April. British Land dropped 8% after it reported larger than expected loss. Cable & Wireless declined 10% on income fall and insider stock sale.
- Darlington Musarurwa
- 21 May, 2009
- New York City
The Australian dollar added to its recent advances against other currencies as metals and energy prices firm. Hastie Group dropped 17% after it completed its offering to raise A$60 million. Seek Limited increased after it completed the acquisition of China based online employment company.
- Darlington Musarurwa
- 21 May, 2009
- New York City
Investors in Japan focused on a sudden and unexpected rise in swine flu cases. Yen continues to rise against dollar. Exporters declined on yen and retailers fell on flu worries.
- 123jump.com Staff
- 21 May, 2009
- New York City
The business software company reported quarterly revenue declined 5% to $1.04 billion. Net quarterly income rose 1% to $72 million aided by strong expense controls. Earnings per share was flat at 13 cents, same as a year-ago quarter. The company generated revenue of $4.27 billion in fiscal 2009.
- Mayank Mehta
- 21 May, 2009
- New York City
Tenet Healthcare Corporation led gainers in the S&P 500 index with a rise of 6.7%. Citi Trends, Inc first quarter beats street. Hot Topic, Inc posts better than expected first quarter results. Kirkland
- 123jump.com Staff
- 21 May, 2009
- New York City
U.S. stocks declined in the morning on cautious views on the economy and elevated jobless claims. Regional banks declined after Regions Financial raised $1.6 billion in stock offering. UK debt worries dragged European markets lower.
- Darlington Musarurwa
- 21 May, 2009
- New York City
European markets fell after UK was warned to get its public finances in order. S&P warned that UK may lose its top rating. Nations relying on exports to the U.S. are reporting large economic declines in the first quarter. Singapore, Japan, Germany and Mexico economies shrank 14.5% or more.
- Mukesh Buch
- 21 May, 2009
- New York City
The latest measure of wholesale inflation showed indicated few pressures on prices. Regional parties are still quarreling in UPA coalition and holding out for wider control in the government. Trading in stock market though declined but stays above average.
- 123jump.com Staff
- 20 May, 2009
- New York City
U.S. stocks edged lower after the Federal Reserve estimated deeper recession this year and a slower growths in the next two years. The Fed is likely to increase its plan to purchase or back debt of $1.75 trillion. Crude oil futures increased after the inventories declined. Dollar declined.
- 123jump.com Staff
- 20 May, 2009
- New York City
Investors in Europe debated the fate of euro, future direction of German exports and health of banks in the U.S. and Europe. Air France surged 11% and eliminated 2,700 jobs. Michelin surged 5% after Goldman Sachs lifted its price target.
- 123jump.com Staff
- 20 May, 2009
- New York City
Increasingly UK investors are relying on global economic recovery to lift earnings at commodities companies. Domestic economy is still weak and there are no signs of housing market stabilization. The BoE unanimously agreed to increase the plan to print new money by
- 123jump.com Staff
- 20 May, 2009
- New York City
The Australian consumer index declined in May, as it has every month for the last one year. The Australian wages increased at a slower pace in the first quarter. The dollar declined. Billabong International plunges 20% after it completes institutional offering.
- 123jump.com Staff
- 20 May, 2009
- New York City
Hertz Global led the decliners in the S&P 500 index of 9.7%. Eaton Vance second quarter net income declines 51%. Hewlett-Packard shares slip on sales outlook. Paragon Shipping first quarter profit exceed analysts
- 123jump.com Staff
- 20 May, 2009
- New York City
The natural foods retailer quarterly sales declined marginally to $1.9 billion on comparable store sales fall of 4.8%. Net quarterly income decreased 11.7% to $35.3 million hurt by non-cash asset impairment charges. Earnings per share dropped to 19 cents from 29 cents a year-ago quarter.
- 123jump.com Staff
- 20 May, 2009
- New York City
Japan economy declined the most in its fourth quarterly shrinkage in a row. A sharp fall in exports and domestic consumption contributed to the shrinkage in the economy. Shipping lines surged on a rise in freight rate index.