Mar 10, 2009 9:39 AM ET
Pet products and services provider comparable store sales grew 3% to $1.36 billion while net income grew marginally to $78.39 million. Earnings per share increased to 62 cents compared to 59 cents in the fourth quarter of 2007. For the fiscal year, earnings per share were $1.52 and sales increased to 8.4% to $5.07 billion from a year ago.
Mar 10, 2009 9:11 AM ET
The hotel and leisure group reported revenue decreased 46% to $81.7 million. Net loss widened 879% to $48 million in the quarter. The company lost $1.04 a share compared to earnings of 12 cents a year-ago quarter. Revenue per room declined 16% in local currency.
Mar 10, 2009 8:04 AM ET
Australian stocks closed higher on a rise in crude oil prices. A private report indicated that job ads in metropolitan newspapers and on the Internet declined 40% from a year ago in February. Separately, New Zealand electronic charge card transactions declined in February.
Mar 10, 2009 3:38 AM ET
Schering Plough and Merck mega-merger and Dow Chemical decision to purchase Rohm & Haas at pre-crisis market price failed to lift market sentiment in New York trading. A sharp in rise Japanese current account deficit weakened investors confidence in Asian trading.
Mar 09, 2009 5:33 PM ET
European markets traded mixed after different sets of economic news generated mixed market sentiment. The ECB President, Jean Claude Trichet, today said the global economy may pick up in response to recent stabilization measures. The World Bank predicted first economic global shrink since the WW II.
Mar 09, 2009 4:50 PM ET
U.K. government increases stake in Lloyds Banking Group. The government will replace its preference shares of 4 billion pounds to common shares to be issued at 38.4 pence a share. UK government holding in the lender may surge to 65%. Luxury home prices fall 1.5% in February.
Mar 09, 2009 4:25 PM ET
Schering Plough surged after the company agreed to be acquired for drug maker for $41.1 billion. The recent consolidation in the drug industry only highlights the escalating cost of the drug development. Aflac led decliners in the S&P 500 index of 14.9%.
Mar 09, 2009 3:10 AM ET
Indian stocks fell in volatile trading ahead of market holidays on Tuesday and on Wednesday on a weakness in regional and a weak rupee. The rupee fell to 51.65 against the dollar. Real estate linked stocks declined on a government report suggested a weakness in the industry.
Mar 09, 2009 3:09 AM ET
The benchmark index in Hong Kong dropped nearly 5% after HSBC finalized the price of rights offering at a significant discount to its recent price. The news of the discount and size of the offering dragged market averages lower. Foxconn International dropped 15% after profit plunged 83%.
Mar 09, 2009 1:20 PM ET
Australian stocks rose 0.3% on rising metal and energy prices. Investors were also bullish after a private survey indicated that three quarters of first time home buyers are planning to buy a house because of a government grant, low interest rates and affordable prices.