Elena
30 Jul, 2007
New York City
European stock markets closed mixed Monday after a volatile session. Stocks were supported by gains in the chemicals sector and strong earnings which managed to offset continuous credit market concerns. ICI rose 7.2% after it rejected a second all-cash offer from Dutch chemicals group Akzo Nobel. Germany closed up 0.1% at 7,456.31, France ended unchanged and the U.K.''s fell 0.2% to 6,206.10.
Elena
30 Jul, 2007
New York City
U.S. stocks continued to trade in a lackluster fashion, as traders remained somewhat concerned about the outlook for the markets after the heavy sell-off last week. However, deal news and strong financial results at HSBC Holdings helped limit the downward trend. Computer hardware sector posted a notable decline, with Lexmark falling 4% and Apple losing 2.5%. Oil service, airline, and biotech stocks also came under pressure.
123jump.com Staff
30 Jul, 2007
New York City
Late afternoon rally in New York lifted broader averages at close. European markets closed mixed and China led the rebound in the region. Oil fell but gold and other metals edged up a fraction. Ingersoll-Rand agreed to sell its construction vehicle business to a Korean conglomerate for $4.9 billion. HSBC reported that its first half income jumped 24% on 23% rise in sales. Ruling party in Japan lost its majority in the upper house election.
123jump.com Staff
27 Jul, 2007
New York City
Market averages in New York closed at their worst level of the day on steep sell-off in the last ten minutes of trading. Earliers European markets closed lower by 1% across the region on continues worries of financing for the leverages takeovers. Baker Hughes reported lower than expected earnings. Manpower, staffing agency plunged 7%. Blackstone IPO plunged 5% and closed at a new low from its first day of trading. Tokyo closed down 2.4%, Korea and Taiwan plunged 4.2%.
Elena
27 Jul, 2007
New York City
European stock markets finished in the red for a third day in a row. Stocks traded in a volatile session, weighed down by credit-market concerns, sparked yet again by Cadbury Schweppes, which delayed the sale of its U.S. beverage unit. Worries about the worsening climate for financing corporate takeovers added to negative sentiment. After the biggest one-day sell-off in four years on Thursday, the U.K. closed down 0.6%. France followed suit, losing 0.6%, while Germany dropped 0.8%.
Elena
27 Jul, 2007
New York City
U.S. stocks continued to trade in a bearish mood, extending decline from the selloff in the previous session. Generally positive economic data, showing robust economic growth in Q2 failed to offset losses. Energy companies led decliners, with Chevron falling 1.6%, despite reporting a 24% jump in Q2 profit. Sell-off in financial shares continued on concerns that losses in the subprime mortgage market may spill over into the broader market. Citigroup lost 0.9%.
123jump.com Staff
27 Jul, 2007
New York City
Sensex in India trading fell 3.4% reflecting similar losses in emerging and Asian markets. Real estate, auto, banks and metals stocks led the decline on heavy trading volume. Only three in 30 stock index managed to gain. Ballarpur Industries plans to transfer ownership of three companies to an overseas company. Bharti Airtel and Reliance Communication fell more than 3%. Software services exporters fell sharply along with auto makers.
Elena
27 Jul, 2007
New York City
Stocks opened in the negative Friday, continuing the downward trend set yesterday when U.S. equities saw the second-biggest decline this year. Concerns about the worsening climate for financing corporate takeovers and about subprime mortgage markets continued to weigh. In positive earnings news, oil company Chevron posted better-than-expected 24% earnings increase in Q2 on higher gasoline prices.
Elena
30 Jul, 2007
New York City
Strong earnings from some retailers helped limit losses. Health benefits provider Humana jumped 3% and the world''s biggest meat producer Tyson gained 3.3% after posting better-than-expected Q2 results. However, shares of RadioShack weighed on the retail sector with a decline of 10% after posting better-than-expected earnings but 15% lower sales.
123jump.com Staff
30 Jul, 2007
New York City
Earnings report from State Bank of India and ahead of RBI credit committee meeting lifted banks in Monday trading. Sensex otherwise edged fractionally higher. Tata Steel reported 28% increase in earnings. Hindustan Unilever soared on the stock buyback authorization. Mahindra & Mahindra earnings fell. Reliance Energy was awarded 4,000 MW power plant Sasan project. Asian markets broadly rallied led by 2.2% rise in Shanghai index.
Elena
30 Jul, 2007
New York City
Wall Street opened in the positive but soon afterwards declined as market failed to sustain the upward move after last-week selloff. Solid results from HSBC Holdings brought some relief as the biggest European bank reported a 25% profit rise and said bad debts in the U.S. were nearly the same as last-year levels. The stock rose 3.2%. Deal news failed to offset negative sentiment. South Korean Doosan Infracore agreed to buy Ingersoll-Rand''s Bobcat construction equipment unit for $4.9 billion.
Elena
30 Jul, 2007
New York City
U.S. stock futures pointed modestly higher Monday, with markets trying to recover from heavy losses and four-year lows amid continued concerns in the credit market. Among pre-market highlights, American Home Mortgage dropped 43% after the company delayed the payment of its quarterly dividend. In earnings news, ValueClick fell 16% after it cut its earnings outlook, Verizon posted an in-line 6% profit rise and Humana said its earnings more than doubled.
123jump.com Staff
30 Jul, 2007
New York City
Market averages in Europe trade lower across the region ahead of New York opening. Telefonica, HSBC, and Statoil earnings news dominated in local exchanges. Higher steel stocks in Japan lifted select metals stocks in European trading. HSBC earnings jump 24% on 23% rise in revenue. Telefonica earnings gain on one time sale of assets. Latin American divison led in the revenue gains for the company. Germany and Spain led the indexes lower across the region.
123jump.com Staff
30 Jul, 2007
New York City
CSI 300 Index in Shanghai led the rebound in the region with a gain of more than 2%. Singapore, Hong Kong, and Korea led the advancing markets in the region. Thailand and Taiwan remained weak. Liberal Democratic Party loss of control in the upper house election may create more legislative chaos in Japan. HSBC rerported first half earnings gain of 24% on 23% increase in sales. Korea based Doosan Infracore has agreed to purchase construciton vehicle business from Ingersoll Rand.
Elena
30 Jul, 2007
New York City
Verizon Communications announced Monday it agreed to acquire Rural Cellular Cop. in a deal worth $2.7 billion, or $45 a share. The transaction represents a premium of $13.19, or 41% over Rural Cellular''s Friday close of $31.81 a share. Verizon also reported positive Q2 2007 financial results on higher margins and rising revenue in wireless, broadband, data, video and global IP markets.
