Oct 07, 2008 1:01 AM ET
The vertically integrated PV product manufacturer quarterly revenues rose 120.5% to $289.7 million. Net quarterly income surged 227.6% to $30.2 million. Earnings per share were 23 cents in the quarter. The company estimates net revenues between $1,053 million and $1,106 million for fiscal 2008.
Oct 31, 2008 5:14 PM ET
U.S. stocks edged higher after JP Morgan suspended foreclosures on loans issued to 400,000 homeowners with $110 billion of mortgages. Stocks edged higher in the afternoon on the JP Morgan action. European markets closed up 2% or better. In Asia, Japan lowered its key lending rate. India surged 8%.
Oct 31, 2008 4:06 PM ET
U.S. stocks rallied after JP Morgan Chase issued a statement to not add any more new loans to foreclosure process before offering modified terms. The widened program is likely to benefit 400,000 families with $110 billion mortgage loans.
Oct 31, 2008 3:15 PM ET
Stocks in Australia edged higher but for the month declined 12.7%, the worst decline in the month in more than three decades. New home sales in September fell 1.8% after dropping 1.3% in August. Lihir Gold production in the quarter ending in September rose 40%.
Oct 31, 2008 4:11 PM ET
Stocks in Mumbai surged 8% on the first of day trading. ONGC profit declined 5.7% and Bharat Petroleum and Indian Oil Corporation reported larger losses. A rise of 0.5% in rupee lifted stocks of software exporters. Punjab National Bank profit rose 31% and Kotak Mahindra profit declined 37%.
Oct 31, 2008 2:05 PM ET
Stocks in Hong Kong fell 2.5% and in Shanghai dropped 2% on weak bank earnings. Energy stocks fell after crude oil declined below $65 a barrel. Bank of Communications dropped 5.4% after it reported 22% in third quarter. China Unicom fell 4% after earnings declined 13%.
Oct 31, 2008 12:32 PM ET
The Bank of Japan lowered rates by 20 basis points to 0.3%. The BoJ chairman casted the decisive vote. In trading, Nikkei 225 index fell 5% to 8,576. The benchmark index dropped 24% in October. Nikon Corp cuts its profit estimate by 40%.
Oct 31, 2008 10:45 AM ET
The U.S. personal spending in September declined at 0.3% from the revised increase of 0.1% in August. Salaries and wages increased at the slower pace in the month than in August. The employment cost in the third quarter rose at 0.7% matching the gains in the first two quarters of this year.
Oct 31, 2008 1:35 AM ET
The online auction, payment processor and communication services provider reported third quarter revenue rise of 12% to $2.1 billion from a year ago. PayPal revenue rose 27% to $597 million and Skype revenue surged 46% to $143 million. eBay guided fourth quarter revenue of at least $2.02 billion.
Oct 30, 2008 4:51 PM ET
U.S. stocks edged higher as earnings dominated trading sentiment and third quarter GDP shrank. Stocks in Tokyo surged 26% in a 3-day rally. Benchmark index in Hong Kong soared 13% and in Brazil jumped 7.7%. Markets in Europe edged higher. Deutsche Bank reported profit on revised write down rules.