Ivaylo
15 May, 2007
New York City
Asian markets closed ended down across the region Tuesday, with Shanghai and Tokyo leading decliners Japanese investors reacted to disappointing economic news that showed a likely slowdown in corporate investment. The downturn in Tokyo came after the government reported before the markets opened that core machinery orders fell 4.5% in March from the previous month.
Elena
15 May, 2007
New York City
Wal-Mart Stores, the world''s largest retailer, posted 8% increase in Q1 net income, coming in line with analyst estimates and 8.5% revenue growth, slightly missing expectations. The retailer reported quarterly earnings $2.83 billion, or 68 cents a share, up from $2.62 billion, or 63 cent a year ago, with revenue rising 8.5% to $86.41 billion from $79.68 billion.
Ivaylo
15 May, 2007
New York City
The Sensex dipped on Tuesday, although it was firm in morning deals, hovering above the 14,000 level. The market, however, could not hold onto gains in late trading as selling pressure in technology and oil & gas stocks pulled the benchmark index into negative territory. Satyam, Wipro and Infosys all lost. BHEL led the advancers, together with select banking stocks. The rupee continued to advance and was quoted at 40.83 against the dollar in late morning trading.
Ivaylo
15 May, 2007
New York City
European market traded in a tight mid-session range Tuesday, with miners still under pressure and other equities showing some general caution ahead of key U.S. data. Nokia led the gainers after it announced it won greated market share. The U.K. FTSE 100 index rose 0.1% and the German DAX Xetra 30 index inched up less than 0.1%. The French CAC-40 index slipped 0.2%.
Ivaylo
15 May, 2007
New York City
Intense selling undermined both base metals and precious metals futures alike Monday, pushing copper and platinum to new price declines. On the NYME, copper was hit by selling due to technical factors. The other precious metals also settled lower. In Nymex energy trading, nearby crude futures retreated from early gains and ended modestly higher. On the Chicago Board of Trade, soybean futures ended higher, while wheat futures finished with modest gains Monday.
123jump.com Staff
14 May, 2007
New York City
Market averages in New York and Europe turned negative ahead of U.S. inflation and housing report and earnings from Wal-Mart and Home Depot. A total of more than $20 billion deals were reported in the U.S. and Europe today lifting deal realted stocks. Hong Kong closed up 2.5% on the news that Chinese banks will be permitted to invest in international markets.
123jump.com Staff
14 May, 2007
New York City
Stocks fell as renewed concerns about the economy health overshadowed news of a $7.4 billion deal to buy a majority of Chrysler. Active Power recorded an expense of $1.5 million in first quarter related to the review, the company
Elena
14 May, 2007
New York City
European stock markets finished in the negative territory on Monday, dragged by weakness in the metals sector. Rio Tinto shares fell 3.5% and Lonmin dropped 3.4%. Notable gains for DaimlerChrysler and Nokia failed to offset losses. German automotive giant DaimlerChrysler advanced 1.8% boosting the autos sector, while 4.8% gain for Nokia helped tech stocks. The German DAX 30 lost 0.3%, the French CAC-40 declined 0.4%, and the U.K. FTSE 100 lost 0.2%.
Elena
14 May, 2007
New York City
The three major averages pulled back off their highs for the session as buying interest diminished ahead of the release of some key economic data, including a closely watched report on consumer price inflation. Profit-taking helped offset news that DaimlerChrysler AG agreed to sell 80% of Chrysler for $7.45 billion news. The tech-heavy Nasdaq was even dragged lower by weakness among disk drive, networking, and internet stocks. Dell dropped 2.1%, Yahoo lost 1.7%, and Cisco fell 1%.
Elena
14 May, 2007
New York City
Merger activity continued Monday to play a major role in determining market direction. Mylan Laboratories fell 13% after it agreed to pay $6.7 billion for the generic drug-making arm of Merck KGaA. Cardinal Health said it would pay $1.5 billion for Viasys Healthcare in a deal representing a 35% premium to Friday''s close. Viasys surged 36%.
Elena
14 May, 2007
New York City
Wall Street opened in the positive amid strength in the automotive sector, generated by news that DaimlerChrysler AG said it will sell 80.1% of struggling Chrysler to Cerberus Capital Management LP for $7.4 billion. Among blue chips, General Motors Corp. jumped 5.7%, while Ford Motor Co. gained 4.5% on reports that the Ford family is planning to sell part of its controlling stake in the company.
Ivaylo
14 May, 2007
New York City
London plunged as investors took profit on the miners with a string of broker comments adding to pressure on the sector. Rio Tinto led the mining sector lower and a downgrade also sent miner Lonmin falling. Media stocks were stronger with Pearson leading the sector higher, while strong first-half results helped energy group Centrica surge. The FTSE 100 was down 18.9 points to 6,546.8.
Elena
14 May, 2007
New York City
U.S. stock market futures were indicating a flat opening on Monday, with DaimlerChrysler being in the spotlight after a private-equity fund agreed to buy 80.1% of its Chrysler Group for $7.4 billion. The Big Three automakers will also be in focus, with General Motors rising 1.9% in pre-market trading and Ford Motor gaining 3.6%.
Ivaylo
14 May, 2007
New York City
Asian markets finished mostly higher Monday, leaving behind the effects of losses on Friday on strong gains in Japanese exporters, while relaxing mainland banking restrictions sent Hong Kong stocks surging. In Shanghai, property developers and cement makers rallied on expectations of further gains in real-estate prices, supporting Chinese stock market recovered a sharp decline in the morning.
Elena
14 May, 2007
New York City
DaimlerChrysler agreed to sell 80.1% of its Chrysler Group to private equity firm Cerberus Capital Management LP in a deal worth $7.4 billion, undoing a 1998 merger aimed at creating a global auto giant. The automaker said that an affiliate of Cerberus will hold the majority stake in a new Chrysler Holding LLC while DaimlerChrysler will keep a 19.9% stake.
