Elena
03 Apr, 2007
New York City
U.S. stock futures indicated a higher opening, supported by a notable decline in crude oil prices. On Tuesday, automotive stocks are expected to be in focus as the U.S. automakers are due to release March sales figures that could help market extend yesterday
Elena
03 Apr, 2007
New York City
The commission claims that Apple and the major record companies like the joint venture between Sony and Bertelsmann, the Universal Music arm of Vivendi, Warner Music and EMI Group are limiting consumers
Ivaylo
03 Apr, 2007
New York City
The Indian benchmark index opened with a positive bias but trading was range-bound in morning session. The market gathered momentum in the early-afternoon session, held firm during the later part of the day, as buying was intense at the higher levels. BHEL and NTPC led the advancers, while Cipla and HDFC led the decliners. BHEL today announced a target of 10 billion dollars turnover by 2011-12.
Ivaylo
03 Apr, 2007
New York City
European markets gained on Tuesday as the battle to take over Endesa ended with Eon coming to an agreement with Enel and Acciona to divide the Spanish utility between them. Other advancers included miners BHP Billiton Ltd. and Rio Tinto Group. By mid morning, Frankfurt Xetra Dax added 0.9%, the CAC 40 in Paris gained 0.6% and London FTSE 100 climbed 0.5%.
Ivaylo
03 Apr, 2007
New York City
Chicago Board of Trade corn futures settled sharply lower Monday, following on a sell-off due to a plantings report Friday, but recovered from the lows of the day. In precious metals trading on the New York Mercantile Exchange, gold futures bounced from liquidation pressure late Monday to post a gain, with traders citing comments from the Bush administration that it was looking into reports of an American said to be missing in Iran.
123jump.com Staff
09 Jan, 2008
New York City
Marks & Spencer declined 19% after its third quarter same store sales ending on Dec 29 fell 2.2%. Tesco, Next Plc and other UK retailers declined in sympathy. StatoilHydro fell 3% after it said that production at its LNG plant may not meet its earlier target due to start up problems. Siemens in Frankfurt trading fell 5% after investors speculatd that it may not meet its earnings target.
123jump.com Staff
02 Apr, 2007
New York City
Delas in the U.S. and europe supported a mild rise in stocks. U.S. markets closed up a fraction but Nasdaq closed lower on a weak reading of the manufacturing sector index curbing enthusiasm about the current deals. Tribune rose after agreeing to a $34-a-share takeover offer from Zell. First Data jumped 21%. Xerox will pay about $1.5 billion in cash for Global Imaging Systems. Europe closed higher on bid for Telecom Italia and a revised bid for Sainsbury. India lost 5% but Mexico advanced 2%.
123jump.com Staff
02 Apr, 2007
New York City
U.S. market after more than four hours trading lacked a firm direction despite steady flow of deals. Weaker than anticiptated report on manufacturing took toll in the morning trading. Books-A-Million reported a 35% rise in profit. Simclar rose on five-fold jump in earnings. Allot Communications fell on lowered revenue guidance and First City Financial fell on news that it will delay its annual report filing.
123jump.com Staff
02 Apr, 2007
New York City
Market averages in Europe rose at close on steady news of deals. Telecom Italia received a joint bid from AT&T and American Movil for an indirect control. The bid lifted telecom stocks across the region. Iberia and Teleofinica rose on possible deals. Telecfonica is likely fetch significantly less than what they paid for Endelmol Entertainment. Retail stocks in the UK rose on possible higher bids for Alliance Boots and Sainsbury.
123jump.com Staff
02 Apr, 2007
New York City
A combined bid to buy a stake in a hodling company owning 12% of Telecom Italia from AT&T and American Movil lifted the stock. Telecom Italia and Pirellie shares in Milan trading rose 11% at close. Italian government may not view this offer favorably according to comments from the Communications Minister. The Minister has asked local banks and other companies to make a counter bid.
123jump.com Staff
02 Apr, 2007
New York City
After seven months of looking for a buyer First Data has agreed to sell the company for $29 billion. The company had recently spun off its money transfer division Western Union. In the last three eyars revenue declined 30% and earnings fell 16%.KKR will assume its long term debt of $2.7 billion.
123jump.com Staff
02 Apr, 2007
New York City
Market averages in the early morning trading lost its upward bias after one hour of trading. Major averages turned negative after 45 minutes of trading on the release of weaker than expected manufacturing index. the ISM index in March fell to 50.9, lower than anticipated read of 52. Chicago based Tribune has agreed to be acquired for $8.2 billion by Sam Zell and employee stock option plan. The company was looking for bids as high as $50 that failed to materialize.
Ivaylo
02 Apr, 2007
New York City
Asian markets ended mixed Monday, as Japanese stocks were hurt by a survey showing weaker confidence in large manufacturers, while Chinese large-caps led the Shanghai benchmark index to a new record high. In Hong Kong, the benchmark index finished almost flat and in South Korea, the market was lifted by the free-trade deal announced by Seoul and Washington.
123jump.com Staff
02 Apr, 2001
New York City
Market averages are likely to open higher indicated by index trading. Tribune has agreed to be acquired by Sam Zell for $34 per share. KKR is reported in talks and close to acquiring First Data for more tha $28 billion or $34 per share. Xerox has agreed to buy Global Imaging Systems for $1.5 billion. In overnight trading Asian stocks closed lower, India lost 5%.
Ivaylo
02 Apr, 2007
New York City
The benchmark index opened with a negative bias of more than 260 points and drifted lower throughout the session on heavy selling across all sectors. Banking, auto, construction, steel, and real estate stocks were the worst hit. All the index stocks finished in the negative territory. Maruti and Tata Motors led the decliners. Sugar shares, though, managed to advance. Reserve Bank of India raised its short-term lending rate, the repo rate, by 25 basis points to 7.75%.
