- 123jump.com Staff
- 22 Jul, 2009
- New York City
Mining and metals stocks surge in Shanghai. Retail investors have driven the demand for resource stocks in the last three months on the hopes of economic recovery. China Minsheng surge an approval to sell shares in Hong Kong. HK banks will pay sixty percent of principal of Lehman minibonds.
- Mayank Mehta
- 17 Jul, 2009
- New York City
CIT rebounded as the company and its creditors are in advanced stages of discussion to avert bankruptcy filing. A.O. Smith increased after earnings surged. Bank of American earnings declined 25%. Citigroup returned to profitability. General Electric revenues and earnings declined.
- 123jump.com Staff
- 11 Jul, 2009
- New York City
Accenture third quarter revenue declined 15.9% to $5.54 billion hurt by unfavorable foreign exchange rates. Net income slipped 5.35% to $444 million. Earnings per share were 68 cents compared to 74 cents in the year ago quarter.
- Mukesh Buch
- 16 Jul, 2009
- New York City
CIT, the lender to small businesses and retail trade for more than a century is struggling to negotiate debt workout with its major lender after its negotiations with the government agencies failed. The lender may need more than $4 billion to avoid bankruptcy.
- 123jump.com Staff
- 16 Jul, 2009
- New York City
Earnings were in world markets as investors digest earnings from banks, technology companies. Nokia and Marriott declined on weak outlook and banks dropped ahead of earnings. CIT plunged 75% as the century old lender failed to gain additional financial support from the U.S.
- 123jump.com Staff
- 17 Jul, 2009
- New York City
Investors in Hong Kong and Shanghai took optimistic views on the earnings after China estimated second quarter economic expansion at 7.9%. Your-Mart initial public offering in Shenzhen Stock Exchange surged 94% following in the footsteps of two other IPOs last week.
- Sarla Buch
- 17 Jul, 2009
- New York City
Allied Carpets in a pre-packaged deal under voluntary administration reemerged with fewer stores and new lead investor. The fate of the 166 of the 217 stores with 1,100 employees is uncertain, even though the restructuring administrator indicated optimistic outcome.
- 123jump.com Staff
- 17 Jul, 2009
- New York City
Stocks in Australia closed higher as metals and media stocks edged up. The price indexes for exports and imports declined by record amounts since the data have been collected in 1974. Macquarie Countrywide Trust surged 20% after it sold its 75% stake in a portfolio of U.S. properties.
- 123jump.com Staff
- 22 Jun, 2009
- New York City
Stocks in Mumbai trading opened higher on the expectations of higher 3G license revenues to the government but deteriorated in the afternoon. The Worlds Bank forecasts global economy to contract 2.9% in 2009 from previous decline of 1.7% in March.
- 123jump.com Staff
- 17 Jul, 2009
- New York City
British Airways after denying for months it needs additional capital raised
- 123jump.com Staff
- 17 Jul, 2009
- New York City
U.S. stocks edged down with banks leading the decliners and home builders the gainers. Bank of America set aside higher reserves to account of rising losses in mortgage and personal loans. IBM surged on earnings. Commodities rallied after housing starts rebounded.
- 123jump.com Staff
- 16 Jun, 2009
- New York City
A growing chorus of investors are staying on the sidelines. The growing skepticism on market fundamentals, weak sentiment in commodities prices and flood of new stock offering in Asia, Europe and the U.S. Industrial production declined 1.1% in May but housing starts rebounded from April.
- 123jump.com Staff
- 16 Jul, 2009
- New York City
General Mills fourth quarter revenue rose 5% to $3.65 billion and net inocme nearly doubled to $358.8 million due to hedging impacts and increasing eat at home habits. Earnings per share were $1.07 up from 53 cents a year-ago.
- Darlington Musarurwa
- 16 Jun, 2009
- New York City
Stocks in India increased after falling for three days in a row as corporations file higher advance taxes. State Bank of India tax payment surged 61%. HDFC Bank and other smaller banks also paid higher advance taxes. L&T tax payment increased 16% and Mahindra & Mahindra paid 25% more.
- 123jump.com Staff
- 08 Jul, 2009
- New York City
ConAgra fourth quarter net sales increased 8% to $3.3 billion but net profit declined 13% to $174.7 million despite the sale of the commodity trading unit. Earnings per share were 39 cents compared to 41 cents in the same period last year.