Feb 03, 2009 7:04 PM ET
European stocks gained after earnings from Vodafone lifted telecom sector. Earnings in Germany and in France lifted mood in trading on smaller than expected loss at Heidelberg Druck. BNP Paribas dropped on the worries that merger of Fortis assets may be delayed.
Feb 03, 2009 2:28 PM ET
Sales of automobiles in India declined in January on tight lending conditions and weak consumer confidence. Tata Motors sales dropped 33% and Mahindra Mahindra sales fell 21%. Market leader, Suzuki sales rose on demand for smaller cars.
Feb 03, 2009 7:02 PM ET
China offered yet another stimulus package this time focused on low income housing, healthcare and education sectors. Trade between Hong Kong and Mainland China rises by 3.3%. Property stocks declined as more home loans fall in negative equity status in Hong Kong.
Feb 03, 2009 12:50 PM ET
The Reserve Bank of Australia lowered its key lending rate by 100 basis points to 3.25%. The bank gave a weak economic conditions outlook. Separately, Australia unveiled A$42 billion plan to create jobs and investment in infrastructure. Stocks edged higher.
Feb 03, 2009 6:58 PM ET
The Bank of Japan announced a plan to buy liquid stocks and other highly rated securities from banks that are battered by rising losses. The latest move by the Bank of Japan will add more capital in the financial system and may spur lending. Banks have been reluctant to lend. Denso forecasted loss.
Feb 02, 2009 8:22 PM ET
Microsoft quarterly revenue edged up 2% to $16.6 billion and net income declined 11% to $4.17 billion or 47 cents per share. Online services business revenue was flat, although online advertising revenue was up 7%. The company plans to lay off 5,000 people in the next eighteen months.
Feb 02, 2009 8:13 PM ET
The fertilizer sales in the quarter rose 30.7% from a year ago but plunged 30% from the third quarter to $1.87 billion. Net earnings surged 109.1% to $ 788 million and earnings per share surged 120.6% to $2.56. The company expects first quarter earnings in the range of $0.70 to $1.00 per share.
Feb 02, 2009 7:55 PM ET
Fashion accessory retailer second quarter sales declined 2% to $960 million and income declined 13.9% to $217 million. Earnings per share declined to 67 cents from 69 cents in the prior year as same-store sales for the quarter declined 13%.
Feb 02, 2009 7:48 PM ET
The financial services firm revenue decreased 1% to $17.2 billion and quarterly net income plunged 92% to $702 million. Earnings per share dropped to 7 cents from 86 cents last year. The company extended new credit of over $100 billion in the quarter.
Feb 02, 2009 7:26 PM ET
European stocks fell after nervous investors worried about banks and earnings in the industrial sector. The euro edged lower and Russian ruble dropped to a 11-year low. A ratings downgrade for Barclays dragged banks in the region and most French banks dropped between 10% and 14%.