Apr 29, 2009 10:40 AM ET
The coal producer quarterly revenues rose 15% to $1.46 billion. Net income surged 80% to $140.5 million in the quarter. Earnings per share increased to 50 cents from 28 cents a year-ago quarter. EBITDA increased 16% to $325.4 million during the quarter.
Apr 29, 2009 8:00 AM ET
Stocks in Mumbai trading surged ahead of derivatives expiration. In volatile trading market indexes traded up despite election jitters and positive earnings from Bharti Airtel, Sterlite Industries and Patni Computer. ICICI Bank led the gainers in banking sector with a surge of 9%.
Apr 28, 2009 8:14 PM ET
Stocks in Hong Kong are expected to trade lower after another round of worries for banks and weak earnings in the financial sectors dominate the world markets trading. Ping An, the second largest insurer plunged 9% after the quarterly earnings drop 72%.
Apr 28, 2009 7:27 AM ET
Tokyo stocks are expected to trade lower after U.S. bank trade lower and more deaths are linked to swine flu in the U.S. and Mexico. March retail sales declined at a slower pace in February but sales at large department and supermarket fell at 8.1% for the second month in a row.
Apr 28, 2009 5:05 PM ET
World financial markets declined for the second day with larger losses in Asia and Europe. The worries of lack of adequate capital at U.S. banks continue to dominate the sentiment. A rise in the U.S. consumer confidence lifted U.S. stocks. Chrylser reaches agreement with debt holders.
Apr 28, 2009 3:56 PM ET
Stocks in Germany and France declined after markets worried on the impact of deepening spread of flu virus in Europe and North America. Daimler reported second quarterly loss in a row. Weak outlook at Air Liquid dragged French markets lower. Arcandor, TUI and Euro Disney drop.
Apr 28, 2009 4:29 PM ET
UK stocks edged sharply lower on the growing worries of rapid spread of swine flu. Commodities and miners declined. Banks fell after Bank of America and Citi are asked to raise more capital by Fed in the U.S. More UK retailers reported a rise in sales in April. Oil, copper and gold declined.
Apr 28, 2009 12:00 PM ET
Jacobs Engineering Group Inc led the decliners in the S&P 500 index of 7.9%. Baidu, Inc posts higher first quarter profit. Rent-A-Center, Inc first quarter profits grow 25%. United States Steel Corporation reported first quarter net loss.
Apr 28, 2009 11:34 AM ET
U.S. stocks edged higher as consumer confidence rises and worries related to adequacy of banks kept stocks in the sector lower. World Health Organization raised its swine flu alert to the highest level since 2005. U.S. Steel dropped. China based Baidu earnings rose 23%.
Apr 28, 2009 10:02 AM ET
The Sensex index in India fell sharply after gaining for six weeks in a row. Foreign institutional investors have resumed the stock purchase in India in the last three weeks. Bharti Airtel declined ahead of earnings tomorrow.