123jump.com Staff
04 Jul, 2007
New York City
Several Asian markets closed at record levels for the second day in a row on strong momentum and positive earnings outlook. South korea, India, Indonesia, and Hong Kong reached a new high. Shanghai fell on the worries that tighter lending may slow the earnings growth. Successful IPOs and rising cement stocks in India lifted the average to a record. Shipbuilders and financials supported South Korean record close.
Elena
04 Jul, 2007
New York City
European stock markets closed higher for a second straight session. Hotel companies led advancers, boosted by takeover activity. Hilton Hotels Corp. agreed to be acquired by Blackstone Group LP for $20 billion. Following the news, InterContinental Hotels Group Plc gained 4.7%, French hotels operator Accor SA rose 7.8%, and NH Hoteles moved up 3.1% in Spain. The FTSE 100 rose 0.5%, CAC 40 gained 0.5%, while DAX added 0.3 %.
Elena
04 Jul, 2007
New York City
Blackstone will pay $47.50 for each share, a 32% premium over its closing price Tuesday. The second biggest U.S. hotel chain decided to go private after more than 60 years as a public company. The acquisition deal, which is a record for the hotel industry, totals $26 billion including the assumption of debt.
123jump.com Staff
04 Jul, 2007
New York City
Sensex closed up 0.5% to 14,880, record close for the third day in a row on rising cement stocks. ACC surged 7% on the news that cement companies have hiked prices effective today. Cement companies have ignored government please of price control The central governement for the last four months had sought price control. Vishal Retail soared on firt day in trading a day after Spice Telecom priced its IPO. Indiabull Real Estate prices its GDR at $10.32.
123jump.com Staff
03 Jul, 2007
New York City
U.S. market averages traded higher from the opening. Manufacturing orders in May fell 0.5%, less than expected and home resale index showed a softer than anticipated home market. Deals worth $11 billion were annouonced lifting the averages ahead of July 4th holiday. Goldman Sachs analyst estimated Apple sold nearly 0.7 million iPhone in the launch weekend. Markets in Hong Kong, India, Indonesia and Thailand closed at record high. Taiwan closed at 7-year high.
Elena
03 Jul, 2007
New York City
European stock markets closed in the positive territory, helped by strength on Wall Street. The tech sector was in focus after SAP admitted to
Elena
03 Jul, 2007
New York City
U.S. stock averages continued to trade higher, as a smaller-than-expected drop in factory orders and fresh merger deals generated positive sentiment. The Commerce Department reported that orders for U.S. factory goods fell 0.5% in May, compared with predictions of a decline of more than 1%. Airline stocks posted significant strength in late morning trading, with Continental, up 10%, leading the sector higher. Other notable gainers included brokerage, networking, and computer hardware stocks.
123jump.com Staff
03 Jul, 2007
New York City
Sensex 30 in India closed at a record high for the second day in a row, up 1% to 14,806. Telecom and consumer products companies led the market rise. Spice Telecom, mobile telphone operator IPO was oversubscribed 37 times. Bharti Airtel awarded $900 million contract to Nokia Siemens venture. Hindustan Unilieve, State Bank of India and Bharti Airtel jump nearly 3%.Cement stocks rallied for the second week. Larsen toubro plans to sell its entire stake of 11% in UltraTech Cement.
Elena
03 Jul, 2007
New York City
U.S. stocks opened higher, extending recent advance on the back of more deal news before the Independence Day break. However, gains were modest as investors remained cautious ahead of data on the manufacturing and housing sectors. Automakers are in focus Tuesday, due to the release of June auto sales. Ford lost 3.4%, while General Motors dropped 3% as another month of weak sales reports is expected.
Elena
03 Jul, 2007
New York City
U.S. stock futures predicted a higher market opening on Tuesday, a day before the Independence Day break. Among pre-market highlights, automotive stocks attracted attention on June sales data. Sales at Ford Motor are expected to fall between 7% and 9% with market share down to 15.9%. General Motors sales are seen falling as much as 13%, with its market share down about 3 percentage points to 23.9%.
Elena
03 Jul, 2007
New York City
Kraft Foods announced Tuesday that it launched a bid of 5.3 billion euros ($7.2 billion) in cash to acquire the biscuit division of French food company Groupe Danone SA. Kraft believes that the purchase will expand its presence in the snacks business and help transform company
123jump.com Staff
02 Jul, 2007
New York City
Sensex in Mumbai trading closed at record level on steady rise in telecom and auto stocks. Software exporters fell on rising rupee. Rupee is likely to trade at elevated levels in the coming months as foreign fund flows continue to pour in stocks market and property investments. May trade deficit rose to $6.22 billion a jump of 50% from April deficit on record import of energy, machinery and consumer products. GMR Infrastructure gain on stock split but reported sharp fall in earnings.
123jump.com Staff
02 Jul, 2007
New York City
U.S. market averages climbed lifted by deals worth $65 billion and postive news on manufacturing survey. The three popular averages climbed nearly 1% and closed at high for the day. Schwab announced a stock buy back plan of $3.5 b. Crude oil jumped above $71. The dollar fell to 26-year low against pound ahead of rate decision in the U.K. Shanghai led the world markets with a gain of 87% and Venezuela closed with a loss of 24%. Germany led the European markets with 21% gain.
Elena
02 Jul, 2007
New York City
European stock markets lost ground Monday, weighed down by weakness among oil-sensitive airlines and autos and Britain''s terror-alert level raised to
Elena
02 Jul, 2007
New York City
U.S. stocks rallied in a light trading session, as data showing faster growth in the manufacturing sector as well as fresh merger news generated positive sentiment at the start of Q3. Following the upbeat report, shares of large industrial companies Caterpillar and Honeywell advanced 2% each. Shares of Research In Motion jumped 5.7% to lead gainers on the Nasdaq. Bank of New York Mellon boosted the S&P 500 with an advance of 8.5%.
