- Mayank Mehta
- 21 Jul, 2009
- New York City
Stocks in Japan surged on the back of a rally in New York. Metals, shipping and trading companies stocks closed higher. Convenience stores sales in June decreased for the first time in fourteen months. Prime Minister Taro Aso dissolved the parliament for the election scheduled on August 30.
- Trupti Mehta
- 16 Jul, 2009
- New York City
UK stocks advanced as global stock and commodities markets continue to rise. The benchmark index closed higher for the fourth day in a row. Lloyds Banking eliminates more staff. Autonomy dropped after it reported 67% increase in earnings. Henderson dropped after it issued weak earnings outlook.
- Mayank Mehta
- 22 Jul, 2009
- New York City
U.S. stocks in the early morning traded sideways after Morgan Stanley and Wells Fargo disappointed investors. Home builders edged higher after home prices increased in May. Starbucks and Apple lead gainers in early trading. Advanced Micro declined after it reported larger than expected loss.
- Sarla Buch
- 22 Jul, 2009
- New York City
Steelmakers surged on the expectations of rising shipments and higher prices. JFE Holdings surged as it expects to increase price for October shipments. Sumitomo Metal Mining plans to increase nickel production in the last quarter of this year. Toshiba increased on higher iPhone sales.
- 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.