- 123jump.com Staff
- 23 Jan, 2009
- New York City
The drugstore retailer net sales rose 6.6% to a record $14.9 billion, up 6.6%. Same store sales rose 1.7% and net earnings decreased 10.4% to $408 million or $0.41 a share. The company announced slowing of new store openings to reduce capital expenditure by $500 million.
- Darlington Musarurwa
- 23 Jan, 2009
- New York City
U.K. economy lost more steam in the fourth quarter. The economy shrank 1.5% in the fourth quarter after dropping 0.6% in the third quarter of lastyear. Manufacturing led the decline with a fall of 4.6%. The pound weakened further against all major currencies. Tata Motors and UK are in bailout talks.
- 123jump.com Staff
- 23 Jan, 2009
- New York City
U.S. stocks traded sideways on weak earnings and continued worries of the financial system health. Citigroup raised $12 billion in a largest FDIC guaranteed offering. President Obama promised tighter oversight of TARP funds after former Merrill Lynch chief used $1.2 million to renovate his office.
- 123jump.com Staff
- 23 Jan, 2009
- New York City
Advanced Micro dropped more than 10% on 33% fall in sales and a net loss. Barclays declined for the ninth day in a row. Caterpillar dropped on the worries that sales and earnings will be lower than expected. Wyeth rose 8% after Pfizer is expected to launch a rival bid.
- 123jump.com Staff
- 23 Jan, 2009
- New York City
Mumbai benchmark stock index declined 1.6% on mixed earnings and worries that the economy may decelerate faster than estimated. The government is expected to release interim budget in February before the general election in May. The government is expected offer subsidies for interest rate for homes.
- 123jump.com Staff
- 23 Jan, 2009
- New York City
Stocks in Australia plunged on the growing worries of widening recession and rising expectations of higher unemployment. Former RBA governor Fraser estimated that the current recession will be deeper and last longer than the previous recession. Unemployment rate is expected to cross 6% in 2009.
- 123jump.com Staff
- 23 Jan, 2009
- New York City
Sony estimated first annual loss in fourteen years demand for games, electronics and entertainment products fall. Samsung in Korea also reported weak outlook for memory chips. The benchmark index in Tokyo trading dropped 3.8%. Toyota will cut full time staff for the first time in sixty years.
- 123jump.com Staff
- 23 Jan, 2009
- New York City
Stocks in Hong Kong traded with a negative bias on the earnings worries and continued malaise in U.S. and UK financial system. China Railways, Sinopec and Chalco estimated sharp declines in profit in the latest quarter. Hong Kong also cut aviation fuel surcharge by 44%.
- 123jump.com Staff
- 22 Jan, 2009
- New York City
The multi-brand restaurant operator reported total sales from continuing operations rose 9.6% to $1.67 billion, including an incremental $100 million of sales from the LongHorn Steakhouse and The Capital Grille brands. Same-restaurant sales were down 5.3% and net earnings from continuing operations were $58.5 million, or $0.42 a share.
- 123jump.com Staff
- 22 Jan, 2009
- New York City
The electronic products manufacturing solutions company reported first quarter flat revenue of $3.38 billion and net income of $46.22 million or 22 cents a share. The company estimated second quarter revenues between $2.8 billion and $3 billion.
- 123jump.com Staff
- 22 Jan, 2009
- New York City
Used vehicles retailer reported fiscal third quarter net loss of $21.87 million or 10 cents per share compared to $29.85 million profit or 14 cents per share with sales decreasing to $1.46 billion from $1.89 billion.
- 123jump.com Staff
- 22 Jan, 2009
- New York City
The rail road cars maker reported net loss in the first quarter of $3.3 million or $0.20 per diluted share on revenues of $256 million. The company reduced dividend from 8 cents a share to 4 cents a share.
- 123jump.com Staff
- 22 Jan, 2009
- New York City
For the second quarter revenues were nearly to $985.2 million and net income of $71.8 million or 47 cents per share, down from $82.9 million a year ago. Higher medical expenses, energy costs and tax rate lowered the earnings.
- 123jump.com Staff
- 22 Jan, 2009
- New York City
The chip maker fourth quarter revenue declined 19% from the third quarter. Gross margin declined six percentage points from the third quarter to 53.1%. In the quarter Intel generated $11 billion in cash flow from operations, spent $5.2 billion in capital, paid over $3 billion in dividends.
- 123jump.com Staff
- 22 Jan, 2009
- New York City
The largest financial institution posted a $4 billion profit for 2008 despite $10 billion in capital market losses and $27 billion in credit costs. Revenue in the quarter on rose 19% to $15.98 billion. Net loss was $1.8 billion or $2.4 billion after deferred dividends.