Elena
25 Jun, 2007
New York City
U.S. stock futures pointed to a moderately higher opening on Monday, supported by a broker upgrade for General Motors and a decline in crude oil futures. Shares of the auto maker advanced 3% in pre-open trading after it was upgraded to buy from neutral at Goldman Sachs. Chevron also gained on positive analyst comment. Banc of America Securities raised its rating on the stock to buy from neutral, citing the group''s deepwater activities.
Ivaylo
25 Jun, 2007
New York City
The market saw a lackluster session today, trading in and out positive territory within a narrow band of 80 points. Later in the day fresh buying interest in Bharti Airtel and Reliance Communications helped the benchmark index close higher. BHEL and L&T led the capital goods sector to a record high, while auto and IT stocks continued their decline with Satyam and Bajaj Auto leading decliners. ONGC announced today its net profit for fiscal 2007 is up 8%.
123jump.com Staff
22 Jun, 2007
New York City
U.S. averages closed sharply lower on rising oil prices and bond yields. Oil price inched closer to $70 on the report that growth in world demand will be higher than anticipated. U.S. bond yields rose as troubled mortgage markets showed no signs of stabilizing. Largest private equity group, Blackstone priced its IPO at $31 per share and raised $4.6 billion. The stock jumped 14%. Delphi said that it is in agreement with its union and help company get investment to exit bankruptcy.
Elena
22 Jun, 2007
New York City
European stock markets finished lower Friday for a second straight session, dragged down by weak mining and banking stocks. Lonmin and BHP Billiton declined more than 1% each. The UK banking group Barclays fell 1.2%. The DAX lost 0.2% at 7,949.63, the U.K. FTSE 100 index slipped 0.4% at 6,567.40 and the French CAC-40 index inched down 0.1% at 6,023.25
Elena
22 Jun, 2007
New York City
U.S. market averages traded down in a volatile session, with credit markets and crude oil drawing attention. Continuous worries about rising interest rates, along with hedge-fund woes related to subprime mortgages, and rising crude oil prices, generated negative sentiment. The main focus Friday was the IPO of private-equity firm the Blackstone Group., whose shares jumped 15%. The offering raised $4.13 billion early, ranking as the sixth richest IPO in U.S.
Elena
22 Jun, 2007
New York City
Among tech stocks, eBay gained 3.7% amid reports that it is planning to return to the Chinese auction market this summer. In corporate news, Jabil Circuit climbed 12% after its Q3 profit exceeded analyst estimate. Cognos, a software maker and technology consultant, forecast a Q2 profit that fell short of expectations. The stock fell 4.7%.
Elena
22 Jun, 2007
New York City
Wall Street opened in the negative on Friday, pressured by rising crude oil prices and renewed concerns about rising global interest rates. Blackstone Group jumped 18% after its IPO raised $4.13 billion, pricing at the top of its estimated range as the sixth richest IPO in U.S. history. Among tech stocks, eBay gained 3.7% amid reports that it is planning to return to the Chinese auction market this summer.
Ivaylo
22 Jun, 2007
New York City
The US subprime rate led London financials lower at mid-day trading with Barclays down, trying to alleviate investors
Elena
22 Jun, 2007
New York City
U.S. stock futures moved to the downside Friday, dragged lower by higher bond yields, renewed concerns about the impact of the subprime mortgage market and weaker overseas stocks. Private-equity giant Blackstone Group went public for $31 a share. Bear Stearns is reportedly planning to take out $3.2 billion in loans to stop creditors from seizing assets of its money-losing hedge funds.
Ivaylo
22 Jun, 2007
New York City
The Shanghai Composite Index plunged heavily on Friday on concern that the government may undertake tightening steps to cool down the fast growth of the market. In South Korea, the index plunged as news spread that the largest shareholder of Korea Exchange Bank had sold part of its stake in the bank. Japan also took a hit as property stocks and insurers declined. Hong Kong bucked the overall downtrend on strong perfomance from China Mobile.
Elena
22 Jun, 2007
New York City
The Blackstone Group went public with shares priced at $31, at the top end of the private equity firm''s guidance of between $29 and $31 a share. With 133.3 million shares issued, the IPO is valued at $4.13 billion, standing out as one of the biggest in the financial-services industry and the sixth biggest in U.S. history. Blackstone''s offering represents a 12% stake in the firm.
Ivaylo
22 Jun, 2007
New York City
The market saw great volatility today with the benchmark index staying firm until noon on strong buying interest in Reliance Energy and ICICI Bank. Softer inflation figures also supported the market. Volatility emerged in the latter part of trade, as an Indian court decision spread into the market restricting Reliance Industries
123jump.com Staff
21 Jun, 2007
New York City
U.S. regional indicators suggested healthy manufacturing expansion and a slight increase in weekly unemployment claims pushed yields in the bond market to 5.16%. Market averages staged a mid-afternoon recovery and closed up. Oil fell but energy stocks rose nearly 2%. Chipmakers surged on a sharp rise in memory prices in Asia. European markets sold-off on the worries of rising yields. Latin American stocks gained on higher oil and metals prices. Asian markets closed higher.
Elena
21 Jun, 2007
New York City
European stock markets lost ground on Thursday, pressured by renewed concerns about higher bond yields and interest rates. Rate-sensitive real-estate companies were among the most notable decliners, with Land Securities falling 3.5%. Deals also attracted attention. LSE lost 1% after it announced it is in takeover talks with mutually held Borsa Italiana. The German DAX tumbled 1.6%, the French CAC-40 dropped 1%, and the U.K. FTSE 100 lost 0.8%.
Elena
21 Jun, 2007
New York City
U.S. stock averages kept near the flat line in a volatile trading session on Thursday, as concerns about higher bond yields and rising crude oil prices weighed on market sentiment. Crude oil gained 51 cents to $69.34 a barrel, due to a general strike in Nigeria. Exxon Mobil was the most notable advancer among blue chips, posting an advance of 1.6%. In earnings news, Pier 1 Imports fell 3.4% after it reported wider Q1 loss on lower sales and profit margins.
