- 123jump.com Staff
- 23 Jul, 2009
- New York City
In Hong Kong and Shanghai real estate developers, bank and resource stocks rallied as retail investors bid up stocks. Ample liquidity in the financial system is stoking investor risk appetite. China State Construction receives bids more than 35 times its initial public offering size.
- 123jump.com Staff
- 25 Jun, 2009
- New York City
Stocks in Australia rebounded after the IMF revised its economic outlook. The Australian dollar gained on the forecast. Energy related stocks closed higher. BHP Billiton may sell its nickel mining operations in Western Australia.
- Mukesh Buch
- 23 Jul, 2009
- New York City
Exports in June declined at a slower pace in Japan. Exports to China attracted demand for electronic and auto component makers. Yen weakened on the report. KDDI declines on a broker downgrade. Nitto Denko June sale decline slowed. Fujitsu Ltd gained on fiscal 2011 target. Japan Tobacco falls.
- 123jump.com Staff
- 22 Jul, 2009
- New York City
eBay second quarter revenues declined 4% and net income fell 29% to $327.3 million or 25 cents a share. Skype added more than 37 million users. The company guided third quarter earnings between 22 cents and 24 cents a share.
- Mukesh Buch
- 22 Jul, 2009
- New York City
Investors bid stocks up around the world on better than expected earnings from Apple, Starbucks, Intel, Caterpillar, Pepsi, Pfizer and Goldman Sachs. The earnings in UK and Europe have been ahead of expectations. Energy producers stocks fell on higher than expected inventories.
- 123jump.com Staff
- 22 Jul, 2009
- New York City
Stocks in Europe edged higher for the eighth day in a row. Praktiker AG dropped more than 9% on 38% decline in earnings Wincor Nixdorf plunged 15% after it reported 28% decline in quarterly earnings.
- 123jump.com Staff
- 22 Jul, 2009
- New York City
UK stocks closed higher for the eight day in a row on optimism about global economic recovery and a steady rise in resource stocks. Galiform surged after it reported first half earning and suggested smaller decline in the second half. Euromoney issued cautious outlook.
- 123jump.com Staff
- 23 May, 2007
- New York City
Merger news in aluminum industry dominated early hours of trading in the U.S. Alcan recommended shareholders to reject offer from Alcoa and was rumored to be in talks with BHP. Russia based Norilsk Nickel mounted an offer of $6.25 billin for Canadian LionOre Mining. Payless ShoeSource agreed to buy Stride Rite for $800 million. Crescent Real Estate agreed to be bought by private equity group of Morgan Stanley for $6.5 billion. Shanghai rose nearly 2% and yuan surged to two-year high.
- Darlington Musarurwa
- 04 Jul, 2009
- New York City
Air Jamaica in its second privatization attempt is likely to be a discount carrier. The Spirit Airlines investors, Oaktree Capital and Indigo Partners are likely to align the operations, management and flight schedules of two carriers that will extend the reach of Spirit in the Caribbean region.
- 123jump.com Staff
- 11 May, 2009
- New York City
Market indexes in Europe declined after a weakness in banks, mining and industrial companies. Stocks in Germany fell after Commerzbank planned to sell debt and TUI AG reported weak earnings. Manufacturing in France and in Germany declined.
- Mayank Mehta
- 08 May, 2009
- New York City
Symantec Corporation led the decliners in the S&P 500 index of 14.7%. American International Group first quarter loss narrows. Bankrate first quarter income falls 31%. MoneyGram International reports improved first quarter results.
- 123jump.com Staff
- 25 Apr, 2009
- New York City
Fed and other regulators are testing capital adequacies at 19 banks for two alternative economic scenarios that may not be stressful enough. Banks may need additional $850 billion in capital as tangible equity ratios remain low, despite the Fed's assertion of adeuqate capital at these banks.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
The U.S. benchmark indexes plunge 8% at their lowest before recovering to 3.6% loss. Interbank and short term lending rates remain elevated. The crisis of confidence hit retailers, financials and mining stocks the hardest. European markets dive 7% and emerging markets decline between 4% and 19%.
- 123jump.com Staff
- 03 Oct, 2008
- New York City
Wells Fargo offered a significantly higher bid for Wachovia Corp and agrees to purchase its banking and other business. The all-stock deal values the bank at $15.1 billion or $7 a share, significantly higher than $2.1 billion or $1 a share offer. FDIC affirmed that the deal with Citigroup stands.
- 123jump.com Staff
- 02 Oct, 2008
- New York City
The U.S. Senate overwhelmingly approves the financial market stabilization bill with $700 billion provisions. The unpopular bill has been termed by the public as bailout bill that was rejected by the U.S. House. Presidential and vice presidential candidates voted in favor of the bill.