Jan 25, 2010 10:57 AM ET
December home sales declined 16.7% from a year ago to 5.45 million. Sales in 2009 increased for the first time since 2005. Housing inventory at the end of the month was at 7.2-month supply.
Jan 25, 2010 10:52 AM ET
Revenues fell 0.3% to $6.49 billion & net income rose 198% to $716 million or 60 cents a share. Write-offs in the fourth quarter were 7.5%, in October it was 7.8%; November it was 7.6% and December it was 7.1% so an improving trend. The forecast is for unemployment to stay at relatively high levels.
Jan 25, 2010 10:45 AM ET
Revenues rose 4% to $2.72 billion & net income rose 275.6% to $241.5 million or 32 cents a share. Consolidated operating margin was 13.0% on a GAAP basis and 13.6% on a non-GAAP basis. Consolidated operating income of $353 million in the first quarter including $18 million of restructuing chagres.
Jan 25, 2010 1:29 PM ET
Stocks in early trading in New York rebounded on the hopes that the Fed Chairman Bernanke will be reappointed after more Senators express their support and confidence for the nomination. Ericsson AB net plunges. Philips Electronics surged on the fourth quarterly profit in a row.
Jan 24, 2010 8:35 PM ET
The surgical robotics company reported quarterly revenue soared 40% to $323 million. Net quarterly income surged 53% to $78 million driven by the growth in instruments and accessories revenue from da Vinci surgical system sales. Earnings per share rose to $1.95 from $1.27 a year-ago quarter.
Jan 22, 2010 4:53 PM ET
Investors fear banks may face uncertain future as lawmakers prepare to draft more regulation for the industry. Fed Chairman Bernanke nomination faces growing opposition as voters blame his policies of the past contributing to the housing market and economic malaise.
Jan 22, 2010 3:23 PM ET
Stocks in Shanghai and in Hong Kong fell for the week. Resource stocks declined after commodities prices fell on the worries that tighter lending will slow construction industry in the mainland. Chalco 2009 revenue nears $21 billion. Sands China Ltd starts the road show to raise $1.75 billion.
Jan 22, 2010 3:04 PM ET
Australian stocks closed sharply lower on the worries that mining companies may be asked to pay more taxes on future projects. The leaked report raised new uncertainties on the taxation regime. Lower world prices of metals and energy also weighed on the market sentiment.
Jan 22, 2010 2:08 PM ET
Japan supermarket sales fall 5% to 1.2 trillion yen in December and annual sales declined for the thirteenth year in a row. Toyota Motor Corp. recalls 2.3 million cars to fix sudden acceleration.
Jan 22, 2010 1:39 PM ET
Investors in India sold stocks ahead of the RBI meeting. Reliance increased its share of sales in the domestic market and quarterly revenues surged 80%. Bharti Airtel sales rise 1.4%. Discount carrier SpiceJet swings to a profit. Corporation Bank net surges 19%.