Jun 30, 2009 1:09 AM ET
TIBCO second quarter net revenue declined 4.8% to $142.7 million while net income surged 188% to $10.1 million due to lower operating expenses. Earnings per share were 6 cents per share as against 2 cents a year ago.
Jun 30, 2009 3:20 PM ET
European markets edged lower after unemployment in Germany increased and French producer prices declined. Porsche will seek alternative sources of funding to refinance its €9 billion debts. Carrefour is looking to cut €4.5 billion in costs by 2012 and close six stores in southern Italy.
Jun 30, 2009 2:06 PM ET
UK benchmark indexes fell after the downward revision of the first quarter GDP. The revision raised the speculation that the annual GDP may decline more than the government estimate despite the large economic stimulus. The GDP decline from a year ago was the sharpest in five decades. The pound fell.
Jun 30, 2009 12:12 PM ET
AIG falls after it warned that a decline in derivatives sold to European investors may be material. Apollo Group surged after it reported better than expected earnings. China based online reservation agent Ctrip.com gained on rating revision.
Jun 30, 2009 5:53 PM ET
The U.S. government reported that foreclosures in process jumped sharply among prime borrowers despite a rise in loan modification program. Prime loan foreclosure rate jumped to 2.9%. Consumer confidence declined in June. Home price index in metro area dropped 18.1% in April.
Jun 30, 2009 9:34 AM ET
Mumbai stocks fell ahead of budget announcements. Infrastructure stocks plunged after GMR shelved its plan to raise capital and Unitech was forced to sell warrants to founding investors group.
Jun 30, 2009 12:18 AM ET
The grocery chain retailer quarterly sales dipped 1.5% to $22.8 billion. Net quarterly income rose 12.6% to $435.1 million. Earnings per share increased to 66 cents from 58 cents a year-ago quarter. The company estimates earnings between $2.00 and $2.05 a share for fiscal 2009.
Jun 29, 2009 8:55 PM ET
Darden fourth quarter sales rose 8% to $1.98 billion and net earnings from continuing operations grew 18.87% to $122.8 million, performing well above Knapp-Track benchmark. Earnings per share were 87 cents as against 71 cents in the prior year quarter.
Jun 29, 2009 8:50 PM ET
Jabil third quarter earnings dropped 13.3% to $2.6 billion with a loss of $28.8 million as against profit of $38.4 million a year ago. Earnings per share were a loss of 14 cents against profit of 19 cents in the prior year quarter.
Jun 29, 2009 6:59 PM ET
Australian stocks are expected to open higher on the back of global markets rally. Crude oil in New York closed above $71 a barrel. ROC Oil Company raised A$69 million.