123jump.com Staff
06 Aug, 2007
New York City
Sensex in Mumbai trading closed 1.6% lower after recovering from a near 3% loss in the market. Banks, real estate, software exporters led the decliners. Bharti Group and Wal-Mart have formed a joint venture to build and operate network of retail stores by the end of next year. Banks fell for the third day in a row. Wipro is reported to be in a deal to acquire New Jersey based Infocrossing for $600 million or $18.70 per share.
Elena
06 Aug, 2007
New York City
Chrysler
123jump.com Staff
06 Aug, 2007
New York City
European markets fell across the region. UK and Germany bucked the trend. Akzo Nobel and Henkel are close to acquire chemical company ICI for 6.70 pounds per share or 8 billion pounds. Fortis shareholders agree to merge with ABN Amro Bank. Spain and Switzerland fell dragged by a weakness in European markets. Asian markets closed lower across the region. Internatioal Power of UK acquires wind farms in Germany and Itlay for 1.2 billion euros.
Elena
06 Aug, 2007
New York City
Wall Street rallied at opening Monday but shortly afterwards erased gains amid growing concerns over credit markets and the impact of subprime mortages on financial institutions. Credit worries were underlined by American Home Mortgage which dropped 36% after bankruptcy filing. Bear Stearns fell 4% after defending its actions in the credit market and laying off a key executive. Merrill Lynch traded near the flat line after UBS upgraded the stock to a buy rating.
Elena
06 Aug, 2007
New York City
U.S. stock futures advanced slightly on Monday, lifted by gains in the troubled financial services sector and speculations that the Fed Reserve will decide on interest-rate policy that will be favorable to the economy
123jump.com Staff
06 Aug, 2007
New York City
Asian markets across the region fell between 1% and 4% with only Shanghai Index managed to buck the regional trend. Japan fell as much as 1.7% before recovering near the close. Singapore and Indonesia dropped nearly 4%. Australia fell 1.7% with a sharp sell-off in banks, resources and energy stocks. Metal stocks gained in Shanghai trading.
123jump.com Staff
06 Aug, 2007
New York City
Nikkei closed 0.4% lower but fell as much as 1.7% during the day. Asian markets across the region fell with Singapore and Indonesia leading the decliners. Banks and brokerage stocks led the decline on the worries of hidden liablities related to U.S. mortgage bonds. Yen advanced as carry trade unwinding continued. Mitsubishi Electric jumped 6% on falling oil prices.
123jump.com Staff
03 Aug, 2007
New York City
New York Averages were in the gravitational pull, and it got only tighter in the last hour of trading. Market averages fell further in the last thirty minutes of trading. Three popular averages fell more than 2.5% at close, the worst level of the day. Brazil dropped more than 3% and Mexico fell 2.4%. S&P put Bear Stearns on credit watch list with a negative outlook. Toyota Motors reported earnings rise of 32%. Crude oil fell 2% but gold jumped 1.5%.
Elena
03 Aug, 2007
New York City
European stock markets closed in the negative territory, pressured by fears of slowing U.S. economy amid a weaker-than-expected jobs data. The economy-related concerns offset the positive sentiment generated by strong earnings reports from companies like British Airways. France led decliners with a 1.5% drop, followed by Germany, losing 1.3% and the U.K. falling 1.2%.
123jump.com Staff
03 Aug, 2007
New York City
Sensex in India recovered but fell for the second week in a row. Real estate, banks, infrastructure, and cement stocks led the rally. Wholesale inflation declined at the end of the third week in July but remaied above the target range. JSW Steel reported 18% increase in July steel production. Banks gained for the second day in a row on the news that SBI is planning a stake sale in its asset management unit. Sensex is up 12% for the year so far.
Elena
03 Aug, 2007
New York City
Weaker-than-expected economic data and continuing credit market jitters weighed stocks down Friday. U.S. market averages posted a steeper decline in late morning trading, receiving additional pressure from 4% drop in the shares of Bear Stearns Cos. after Standard & Poor''s downgraded its outlook for the company to negative. As a result the financial and brokerage sectors declined, with Lehman Brothers falling 3% and Merrill Lynch losing 1.5%.
Elena
03 Aug, 2007
New York City
Wall Street started Friday session moderately lower after an economic report showed a weaker-than-expected jobs growth and higher unemployment in July. In corporate news, Procter & Gamble posted 19% earnings rise on new productsin and said it will repurchase up to $30 billion in shares over the next three years. In Q2 it earned 67 cents a share, up from 55 cents a year earlier on, beating estimates. The stock lost 0.9%.
123jump.com Staff
03 Aug, 2007
New York City
Shanghai stock market has been on a tear and today was no different. CSI 300 and the Shanghai Composite advanced by more than 3.5%. Banks, financial brokerage, and property stocks led the advance. Lenovo Group in Hong Kong reported revenue rise of 13% and earninngs jump more than ten fold. China reported that its airoport and airline industry retunred to profitability at the of the last quarter. Daily new stock brokerage account averaged 122,000 in July.
Elena
03 Aug, 2007
New York City
U.S. stock futures declined Friday, as jobs data reignited worries that weakness in the housing sector will continue spreading. A Labor Department report showed slowing jobs growth in July and the highest unemployment rate since January. Nonfarm payrolls expanded by 92,000 in July, lower than the 133,000 expected by economists. The unemployment rate gained to 4.6% from 4.5% in the previous month.
123jump.com Staff
03 Aug, 2007
New York City
Weaker yen and steady market share rise in Asia, North America, and Europe helped Toyota to report rising earning. The worldwide sales at the company jumped 16% lifting earnings in the first quarter by 32.5%. The unit sales gained in the U.S., Europe, and Asia but fell 9% in Japan. Recent earthquake has hampered production of vehicles in Japan. Stock traded higher in Frankfurt trading in the early afternoon.
