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%.
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.
