Elena
02 Jul, 2007
New York City
Enthusiasm over new takeover deals supported market averages on the first day of the third quarter. Carlyle Group offered $11.1 billion to acquire telecommunications company Virgin Media. In another deal, AT&T Inc. Friday agreed to buy Dobson Communications for $2.8 billion.
Elena
02 Jul, 2007
New York City
Wall street opened higher on the first day of the third quarter, boosted by enthusiasm over new merger deals, including a multibillion-dollar takeover of Canadian telecom carrier BCE. A group led by the Ontario Teachers Pension Plan, including two U.S. private-equity houses, agreed to buy BCE for $48.5 billion, sending its shares up 3.5%. Economic data that showed faster manufacturing growth also helped generate positive sentiment. The ISM''s index advanced 56% in June.
Elena
02 Jul, 2007
New York City
U.S. stock futures moved to the upside on Monday on the first day of Q3. Pre-market mood was lifted by several takeover deals, which managed to offset rising oil prices and overseas terrorism worries. A group led by the Ontario Teachers Pension Plan, including two U.S. private-equity houses, agreed to buy BCE for $48.5 billion, sending BCE shares up 3%. On the economic news front, the ISM is due to release its manufacturing sentiment for June, which is largely expected to be unchanged from May.
123jump.com Staff
29 Jun, 2007
New York City
U.S. averages closed lower with the Commerce Department reporting inflation and construction spending data. A measure of inflation in May rose at slower pace and construction spending grew on steady spending from commercial and government projects. Infosys is interested in purchasing Capgemini in Paris. Air Liquide gained on possible buyout offer from Linde in Germany. China expects 2007 economic growth to be fastest in ten years. Canada, India and Japan jump more than 1%. Oil above $70.
Elena
29 Jun, 2007
New York City
European stock markets closed higher on Friday, helped by tame U.S. inflation data and bid talk. Capgemini advanced 1.1% on speculation that India''s Infosys Technologies may launch a bid for the information-technology consulting firm. French industrial gasses group Air Liquide rose 3% on deal speculations, followed by its German peer Linde also gained ground, up 1.4%. The German DAX 30 jumped 1.1%, the French CAC 40 rose 0.8%, and the U.K.''s FTSE 100 added 0.6%.
Elena
29 Jun, 2007
New York City
U.S. stocks rallied on the last day of Q2, helped by well-received data which showed rises in consumer and construction spending. The market averages were supported by significant strength among energy stocks, which benefited from oil prices above $70 a barrel. Chemical, internet, and disk drive stocks also posted solid gains. In the disk drive sector Komag rose 8% after it agreed to be acquired by Western Digital for $1 billion.
Elena
29 Jun, 2007
New York City
While Research In Motion rallied 20% on quarterly earnings, shares of Palm declined 5% after the maker of the Treo smart phone reported a 43% drop in quarterly profit. Quarterly revenue also fell slightly to $401.3 million compared with $403.1 million last year. Analysts had been expecting earnings of 15 cents a share on revenue of $406.6 million for the period. Earnings were hurt by growing expenses related to the development of new products.
Elena
29 Jun, 2007
New York City
U.S. stocks rallied at opening on Friday, reflecting end-of-quarter purchases, tame inflation data, as well as strength in the tech sector as Research in Motion posted robust quarterly earnings and Apple launched the iPhone. RIM jumped 17% after the Blackberry maker announced a 76% gain in revenue and a 73% rise in profit in Q1. Apple added 1.2% in early trading. Shares of Palm declined 4.3% after the maker of the Treo smart phone reported a 43% drop in quarterly profit.
Ivaylo
29 Jun, 2007
New York City
The UK benchmark index declined on Friday despite BT Group advance after its chief executive made a strong comment on the company
Elena
29 Jun, 2007
New York City
U.S. stock futures indicated a postive market opening on Friday following a report which showed the lowest inflation reading since March 2004. The Commerce Department said that core consumer prices rose 0.1% in May, coming in line with expectations. Among pre-market highlights, Research In Motion surged 20% after posting 73% earnings jump on strong BlackBerry sales.
Ivaylo
29 Jun, 2007
New York City
Asian markets finished mixed Friday with China and Hong Kong settling down while exporters led Japan higher. In HK, profit booking in large-caps pulled the market lower, while Chinese stocks fell as the market is still apprehensive of government
Elena
29 Jun, 2007
New York City
First-quarter earnings per share came in at $1.17, much higher than 67 cents the previous year. Quarterly results beat analyst expectations of $1.06 per share for the recent period. Revenue for Q1 rose nearly 77%, coming in at $1.082 billion compared with $613.1 million last year. The company contributed the robust quarterly earnings to strong BlackBerry sales.
Ivaylo
29 Jun, 2007
New York City
The market surged on a rally in large-cap stocks, a smooth rollover of June derivatives and softer weekly inflation. Banking and cement stocks soared, while metal stocks tumbled. The market-breadth was strong as there were three gainers for every two decliners. Reliance Energy and HDFC bank rallied, while Hindalco plunged. Wholesale inflation rate declined to a 13-month low and the rupee rose for a second day in a row.
Ivaylo
29 Jun, 2007
New York City
European stocks advanced slightly on the final day of the second quarter, with investors giving initial response to a statement from the U.S. Federal Reserve that cautiously acknowledged progress on economic growth and inflation. Traders are wary, though, as there is a host of economic data ahead, including a final reading of first-quarter U.K. GDP, euro-zone inflation, and U.S. core inflation. The German DAX 30 gained 0.2%, the French CAC 40 rose 0.2% and the U.K. FTSE 100 slipped 0.1%.
Ivaylo
29 Jun, 2007
New York City
Gold futures advanced modestly Thursday as the U.S. dollar softened and oil prices gained on worries about gasoline and heating oil supplies. In other commodities markets, agriculture products ended mixed while industrial metals largely climbed as stockpiles of copper, zinc and lead held by the London Metal Exchange dipped.
