May 31, 2009 11:20 AM ET
The apparel retailer total sales declined 8% to $3.1 billion on comparable store sales fall of 8% in the quarter. Net quarterly earnings decreased 14% to $215 million. Earnings per share reduced to 31 cents from 34 cents the prior-year quarter. The company opened 11 new stores in the quarter.
May 30, 2009 12:33 PM ET
The farm equipment maker net sales decreased 17% to $6.75 billion in the quarter. Net quarterly income dipped 38% to $472.3 million. Earnings per share slipped to $1.11 from $1.74 a year-ago quarter. Company equipment sales are projected to decline about 26% for the third quarter.
May 30, 2009 10:24 AM ET
Intuit Inc third quarter revenue was $1.4 billion, up 9% year-over-year and net income grew 9.1% to $484.8 million. Earnings per share were $1.47 as against $1.33 for the year ago quarter. Revenue for the year is expected between $3.16 billion to $3.19 billion.
May 30, 2009 8:25 AM ET
U.S. stocks closed up as global economic indicators point to improved economic climate. Industrial production in Japan, mild inflation in Europe and faster economic expansion in India and the improving confidence in the U.S. lifted stocks and commodities. Crude oil surpassed $66 and gold $980.
May 29, 2009 4:06 PM ET
In European trading stocks edged higher after industrial production in Japan increased. Germany reported zero inflation in May and retail sales decreased in April. The dollar declined against the euro. GM and Magna appear to be in a preliminary agreement for the sale of Opel division.
May 29, 2009 3:11 PM ET
The familiar sectors were active in stock trading in London. Miners led the gainers after precious metal prices surged. Gold jumped above $975 an ounce and crude oil hovered near $65 a barrel. Home prices in a latest survey showed an increase of 1.2% in May.
May 29, 2009 2:09 PM ET
Industrial production in April surged and is expected to rise in May at a faster pace. The rebound in exports of electronics and automobiles helped manufacturing to recover. The consumer price index in the month fell and unemployment surged to a five-year high. Shipper gained and retailers fell.
May 29, 2009 11:55 AM ET
Cintas Corporation led the decliners in the S&P 500 index with a loss of 5.7%. Dell first quarter profit tumbles 63% on 24% decline in sales. Jamba, Inc reports wider losses for the first quarter. Tiffany & Co first quarter sales declined 22% and net plunged 62%.
May 29, 2009 10:57 AM ET
First quarter GDP estimate was revised to a decrease of 5.7% from an earlier estimate of 6.3% a month ago. The revision in GDP reflects higher than expected decrease in imports and smaller than expected decrease in inventories.
May 29, 2009 9:37 AM ET
In Mumbai the benchmark index closed up 2.3% after the release of fourth quarter economic data. Real estate developers, banks and oil and energy companies traded higher. The benchmark indexes have rebounded 52% from their lows ten weeks ago.