- 123jump.com Staff
- 28 Oct, 2008
- New York City
UK stocks closed 1.8% higher on strong earnings from BP Plc and positive outlook from Standard Chartered. The market gains were trimmed after a record drop in consumer confidence in the U.S. UK home repossessions rose 71% in the second quarter. Schroders Plc net dropped 20% in the third quarter.
- 123jump.com Staff
- 28 Oct, 2008
- New York City
EMC third quarters revenues rose 13% to $3.7 billion from a year ago. The company guided for the fourth quarter revenues of $4 billion and earnings per share between 23 cents and 24 cents.
- 123jump.com Staff
- 28 Oct, 2008
- New York City
Stocks in Hong Kong surged 14% in a largest one day rally in 11 years. The Hang Seng index had dropped 28% in the last five sessions. Cathay Pacific and China Railways surged 30% after crude oil weakened in the region. In Shanghai trading CSI 300 Index soared 3.1%.
- 123jump.com Staff
- 28 Oct, 2008
- New York City
Queensland Gas agreed to be acquired by UK based BG Group in a deal that values the company at $5.6 billion. The all cash offer will increase BG stake to 100%. Australian dollar regained some of the lost ground against yen and the U.S. dollar. Stocks edged lower.
- 123jump.com Staff
- 28 Oct, 2008
- New York City
Stocks in Tokyo trading closed up 6% after a rebound in the afternoon session. The yen fell from its record high against euro and 13-year high against dollar. September retail sales in Japan dropped 0.4%. Honda Motor lowered its forecast for full year net and second quarter net dropped 41%.
- 123jump.com Staff
- 28 Oct, 2008
- New York City
Wells Fargo reported a $1.64 billion profit or $0.49 a share in the third quarter despite $646 million or $0.13 a share, of write-downs, as previously announced, for investments in Fannie Mae, Freddie Mac and Lehman Brothers.
- 123jump.com Staff
- 28 Oct, 2008
- New York City
Crane Company plunged 26% after it missed earnings by a penny. Fidelity National Information Services gained 13% after quarterly revenue rose 25%. Winn-Dixie Stores rose 11% after it reported first quarter sales rise of 11%. The asset manager Calamos Asset dropped 4% after it reported a loss.
- 123jump.com Staff
- 28 Oct, 2008
- New York City
NAND memory makers continue suffer from excess inventories, operating losses and weak balance sheets. SanDisk lowered its capital expenditure plan for 2008 by $500 million to $2.1 billion and 2009 plan to $1.3 billion from $3 billion. Third quarter product revenue was flat to the second quarter.
- 123jump.com Staff
- 28 Oct, 2008
- New York City
Asian markets closed sharply higher as investors search for bargains. Japan surged more than 6% and Hong Kong soared 14% in the largest one-day gain in a decade. Honda Motor reported a decline in net income on 81% drop in profit in North America and a rise in yen.
- 123jump.com Staff
- 27 Oct, 2008
- New York City
Southwest third quarter net income was $69 million or 9 cents per diluted share adjusted for one time hedging related charges. However, on the GAAP basis in the quarter airline lost $120 million or 16 cents a share. Revenue in the quarter rose to $2.9 billion.
- 123jump.com Staff
- 27 Oct, 2008
- New York City
The Reserve Bank of Australia intervened to support the falling Australian dollar. The dollar declined to a five-year low against the U.S. dollar and dropped to a fifty three years low against Japanese yen. UK based BG Group is liklely to purchase Queensland Gas for $3 billion in cash.
- 123jump.com Staff
- 27 Oct, 2008
- New York City
U.S. stocks closed lower in a volatile trading. Regional banking stocks rose on the hopes that Treasury bailout will include regional banks. Crude oil fell. UK closed at 5-year low. Hong Kong index dropped 13% and India declined to 3-year low. Japan closed at 26-year low.
- 123jump.com Staff
- 27 Oct, 2008
- New York City
UK stocks recovered from 6% loss in the day but closed at 5-year low. The pound dropped nearly 2% against euro and dollar. Home price declined 7% in October. Persimmons, the home builder takes a charge for its land portfolio of 600 million.
- 123jump.com Staff
- 27 Oct, 2008
- New York City
Sensex dropped 2% to a 3-year low on the worries that global economic slowdown will lower exports and foreign fund flows. Sensex declined fell as much as 6% in the early trading. Jet Airways swung to a loss after fuel prices surged. ICICI profit rises 1.1% and State Bank of India net up 31%.
- 123jump.com Staff
- 27 Oct, 2008
- New York City
Stocks in Japan fall to a 26-year low on the worries that banks will need to raise more capital. Mitsubishi UFJ plunged 15% after it said that it will raise nearly $11 billion in the next one year. Mizuho Financial and Sumitomo Mitsui dived 15% and 11%. Yen rose to a 13-year high.