Ivaylo
05 Jun, 2007
New York City
The morning session of the market was highly volatile with IT stocks advancing while refinery stocks plunged on a reduction in jet price of fuel. In early afternoon trading, the benchmark index was in positive territory on a rally in SBI and Reliance Energy. ITC and Larsen & Toubro are the leading decliners. At mid-day trade the market-breadth is even.
123jump.com Staff
04 Jun, 2007
New York City
Shanghai fall did not drag averages in New York down, but impacted trading in Europe and Brazil. Overnight fall of 8% in Shanghai only fueled worries that Chinese consumer spending may come under pressure. In the U.S., Wal-Mart gained on several broker upgrades and Avaya rose on buyout from private equity. Crude oil rose on supply disruptions in Nigeria. Solectron agreed to merge with Flextronics and Palm sold 25% stake to private equity group. Brazil stock market crossed $1 trillion mark.
Elena
04 Jun, 2007
New York City
European stock markets closed lower Monday, pressured by weakness in the financial-services sector and utility companies such as E.On. Another plunge of the Chinese stock prices also weighed on sentiment. Utilities were among the most notable decliners, with shares of E.On falling 1.8%, RWE losing 0.6%, and Gaz de France falling 1.4%. The French CAC-40 dropped 0.7%, the U.K.''s FTSE 100 slipped 0.2%, and the German DAX Xetra ended down 0.1%.
Elena
04 Jun, 2007
New York City
The U.S. market averages turned in a lackluster performance in late morning trading after posting a notable weakness at opening. The Dow traded lower, dragged by Citigroup, Merck, Coca-Cola, and Procter & Gamble, each falling about 1%. However, Wal-Mart and General Electric limited the downward trend, rising 3% and 1.3%, respectively. Airline stocks fell after Continental Airlines reported lower revenues per passenger in May. Continental shares dropped 3.6%.
123jump.com Staff
04 Jun, 2007
New York City
In the global world of financial information and news, Dow Jones remains an American institution. In the last three decades the world of financial information has rapidly evolved from print only to TV, Internet and electronic networks. Dow Jones has found it difficult to leverage its historic leadership in this multi-media world and missed opportunities to broaden its offering. The acquisitive management and hands-off owners have seen Dow Jones franchise under attack from new media barons.
Elena
04 Jun, 2007
New York City
Acquisition news sent Accredited Home Lenders Holding 11% higher. The subprime mortgage firm agreed to be acquired by Lone Star Fund V L.P. for $15.10 a share in an all-cash deal. Avaya rose over 3% amid reports that it is close to a deal to be bought by TPG Capital and Silver Lake Partners for $17 a share.
Elena
04 Jun, 2007
New York City
Wall Street opened in the negative, pressured by an overnight plunge in the Chinese stock market. Merger activity continued on Monday, helping to limit the downward trend. Dominion added 1% after it agreed to sell most of its U.S. gas and oil operations to Loews and XTO Energy for a total of $6.5 Billion. Flextronics International fell 1.6% after it said it agreed to buy electronics maker Solectron in a cash-and-stock deal worth about $3.6 billion.
Ivaylo
04 Jun, 2007
New York City
The media sector drew attention on Monday, as Rupert Murdoch is about to make an offer for the Wall Street Journal, which fact raised concerns of stronger competition in the sector, weighing on the U.K. market. GlaxoSmithKline is also lower on worries over its diabetes drug, Avandia, and Segro canceled out earlier gains and dipped. The FTSE 100 opened the afternoon session 0.4% lower at 6,651.2, a drop of 25 points.
Elena
04 Jun, 2007
New York City
U.S. stock futures pointed lower on Monday as investors digested another steep decline in Chinese stock prices. Although Shanghai plunged 8%, global markets were not seriously hurt. In corporate news, a number of merger deals were announced early Monday. Health Care Properties agreed to buy U.S. biotech real estate from British Segro for $2.9 billion. Qiagena greed to acquire Digene in a deal worth $1.6 billion.
Ivaylo
04 Jun, 2007
New York City
Japan and HK advanced on Monday, while the Shanghai Composite Index plummeted for a second day as the government in China raise last week a tax on stocks trading. The market in Tokyo gained on various factors, including a strong finish on U.S. markets last Friday, the softer yen and the strong business spending figures released today. All other major markets advanced.
Elena
04 Jun, 2007
New York City
Dominion''s Permian Basin operations will be bought by Loews Corp. for $4.025 billion, while Dominion''s operations in the Rocky Mountains will be taken over by XTO Energy for $2.5 billion. The operations include 3.51 trillion cubic feet equivalent of proved natural gas and oil reserves as of Dec. 31, 2006.
Ivaylo
04 Jun, 2007
New York City
The benchmark index opened with a positive bias on strong cues from global markets, but slid into negative territory in afternoon trading as selling pressure appeared at higher levels. IT stocks and auto and cement large caps declined. The market-breadth ended slightly negative. Tata Motors led the decliners, Grasim also dipped. Banking and metal stocks finished higher. Hindalco led the advancers. The fiscal 2007 has been the most successful in corporate net earnings in three years
Ivaylo
04 Jun, 2007
New York City
European markets are trading mostly higher in mid-day session on Monday with Vodafone and Segro brightening sentiment in the U.K., while ThyssenKrupp helped the German market to trade at a record high. In France, insurance company AXA pushed the market lower, after the insurer announced its decision to withdraw from from the Netherlands market. By mid-day, the German DAX Xetra traded up 0.2%, the French CAC-40 index lost 0.2% and the U.K. FTSE 100 index added 0.1%.
Ivaylo
04 Jun, 2007
New York City
The benchmark index opened with a positive bias on strong cues from global markets, but slid into negative territory in early afternoon trading as selling pressure appeared at higher levels. The sustained upward run of the rupee hurt IT stocks as it directly impacts their export-oriente revenues.The market-breadth was positive in the morning session but turned negative in the early afternoon session.
123jump.com Staff
01 Jun, 2007
New York City
U.S. economic reports pleased traders and lifted averages in the U.S., Europe and Latin America. Higher than expected rise in employment and strong personal consumption in April left the impression that the U.S. economy may rebound sooner than expected. The news supported a near 1% rise across major markets in Europe and Latin America. Telecom and utilities takeover talks lifted stocks in Europe. Mexico and Brazil advanced 2% but Shanghai fell more than 3%.
