| Wed, Nov 11, 2009 |
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Daily Highlights: 11/11/09
Asian stocks, currencies rise on Japan, China economic data; gold advances.China's industrial production output grew 16.1% in October, its fastest pace in more than a year.Job openings in U.S. remain close to record-lowsOil prices fell $79 a barrel in Asia amid rising U.S. oil inventories and a weaker dollarSwiss rules to tie bonuses to profit will apply only to the nation’s 12 largest banksUnfilled positions climb to most since June as US companies delay hiring.USDA trimmed its production forecast and raised its price outlook for crops.Adobe to cut about 680 full-time positions or about 9% of its total work force.AIG’s CEO Robert Benmosche, after just 3 months, is ready to quit over pay constraintsArvinMeritor [More...] |
| Thu, Oct 08, 2009 |
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The Australian bank, Westpac Banking Loses NZ Court Tax Case against the Inland Revenue Department (IRD)
The Australian bank, Westpac Banking Corp (NYSE:WBK) (ASX:WBC), lost a court case against the Inland Revenue Department (IRD) that wiped 25 basis points off its parent’s Tier One capital ratio.
Now it owes 961 million New Zealand dollars ($711 million) in taxes and interest, the government department said Thursday.
That makes the Westpac case New Zealand’s largest [...]
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CEOWorld
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| Fri, Apr 17, 2009 |
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Market Report For Friday: Apr 17, 2009
(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first [More...] |
| Thu, Apr 16, 2009 |
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Daily Report For Thursday, Apr 16, 2009
(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity [More...] |
| Tue, Apr 14, 2009 |
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Daily Report For Tuesday, Apr 14, 2009
(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to [More...] |
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