Elena
21 Feb, 2007
New York City
U.S. stock futures moved lower on Wednesday, hurt by inflation concerns after the Labor Department said that its consumer price index gained 0.3% in January, led by large increases in food, medical care and tobacco prices. Core inflation increased 0.3%, reaching its highest level since June. Among companies in focus, Hewlett-Packard slipped 1.1% in the pre-open after it reported a 26% rise in Q1 profit to $1.55 billion, or 55 cents a share.
Elena
21 Feb, 2007
New York City
Full-year pro-forma profit earned by the company dropped to $7.97 billion from $8.26 billion. Arcelor-Mittal contributed the net income decrease to a higher tax levy of $1.7 billion paid in 2006. The group''s EBITDA earnings rose 2.1% to $15.27 billion in 2006, falling below the company''s own target range of $15.2 billion to $15.4 billion and missing analyst expectations for EBITDA of $15.32 billion.
123jump.com Staff
20 Feb, 2007
New York City
Market recovered in the afternoon on the comments from the Fed governor Susan Bies. She commented that housing market demand is stable but early delinquencies in sub-prime loans is a concern. Florida Rock rose 41% on buy out offer from Vulacn Materials. HP reported Q1 earnings of 65 cents on revenue of $25 billion. The company offered healthier outlook for the year 2007. Wal-Mart reported earnings of 95 cents per share compared to 86 cents a year ago sparking a rally in retail stocks.
123jump.com Staff
20 Feb, 2001
New York City
Wall Street trembled through an uncertain session as investors shrugged off disappointment over Home Depot Inc.''s declining sales and found little inspiration from an assessment of the Federal Reserve governor on housing market. The governor Bise said that the sub prime loans are souring earlier than expected. Retail stocks are rallying on Wall-Mart earnings report. Oil prices are heading lower warm weather prediction. Gold is trading lower near the close of the market.
Elena
20 Feb, 2007
New York City
European stocks ended Tuesday session in the red, as weaker oil and gas shares offset positive sentiment generated by deal-inspired gains from Shire and Hanson. Shares of BP and Royal Dutch Shell slipped 1.2% as forecasts for warmer U.S. weather sent crude-oil futures down. Shares of U.K. construction company Hanson gained 2.9% as Vulcan Materials agreed to buy U.S. Florida Rock. The German DAX 30 slipped 0.1%, the French CAC-40 eased 0.5%, and the U.K.''s FTSE 100 dropped 0.5%.
Elena
20 Feb, 2007
New York City
Disappointing earnings from Home Depot and losses for energy companies amid falling oil prices kept U.S. stocks under pressure. However, market sentiment turned slightly positive after Federal Reserve governor''s encouraging assessment of the housing market. Wal-Mart provided support to the Dow after reporting higher-than-expected earnings, and issued a bullish forecast. Wal-Mart Stores posted net income rise of 95 cents per share, up from 87 cents a year ago. The stock rose 2.8%.
Elena
20 Feb, 2007
New York City
Wall Street opened lower on Tuesday, pressured by falling energy shares and disappointing earnings from Home Depot, which offset merger news and positive quarterly results from Wal-Mart Stores. Blue-chip company Home Depot fell 1% after the retailer reported 28% profit drop in Q4 due to a slowing activity in the home-building sector. However, Wal-Mart supported the Dow, rising 2.3% amid better-than-expected quarterly profit.
Ivaylo
20 Feb, 2007
New York City
London market edged lower on Tuesday on a busy day for corporate news. Leading shares declined from last night six-year closing high as dealers digested the latest large-cap earnings news. Scottish & Newcastle was the biggest decliner despite strong earnings report, while Polaron soared Tuesday on a possible approach from Cooper Controls. With five large-caps reporting today, the benchmark index FTSE 100 in London dipped 0.36% at 6,421 in mid-afternoon trade.
Ivaylo
20 Feb, 2007
New York City
The market in Japan closed flat while South Korea rose for a fifth straight session Tuesday as some of Asian biggest markets took the day off for the Lunar New Year holiday. Many markets around the region are still closed for Lunar New Year celebrations. Markets were closed Tuesday in Hong Kong, Singapore and Malaysia and will reopen Wednesday. Markets in China and Taiwan are closed for the week.
Elena
20 Feb, 2007
New York City
U.S. stock futures pointed to a lower market opening Tuesday after the long holiday weekend. The pre-market sentiment was hurt by disappointing quarterly results from Dow component Home Depot which dropped 2% helpeing to offset news of possible merger of the nation''s two big satellite radio stations Sirius Satellite Radio and XM Satellite Radio Holdings. Home Depot reported a 28% drop in Q4 profit to $925 million, or 46 cents a share, down from $1.29 billion, or 60 cents last year.
Elena
20 Feb, 2007
New York City
The combined company is valued at $13 billion, including about $1.6 billion in debt. On condition that the deal is approved by shareholders and regulators, the shareholders of each company will divide the stake equally. FCC Chairman Kevin Martin said that the companies have to prove that the deal would be in the public interest, with consumers having more choice and affordable prices.
Ivaylo
20 Feb, 2007
New York City
In trading today, the market dipped on selling pressure in auto, engineering, telecom and banking sectors. The market-breadth was weak and trading was volatile. Squaring of positions ahead of the expiry of February 2007 derivative contracts, due this Thursday, also weighed on sentiment. ONGC, Grasim and Reliance Energy led the decliners today, while among the few gainers were Ranbaxy and ITC. There are worries that the government may raise short-term capital gains tax on sale of shares. [
Ivaylo
20 Feb, 2007
New York City
European markets were lower on Tuesday after real estate companies eased on reports of slowing growth in property investment markets, while oil companies declined after crude prices dipped overnight. EMI added as there are reports of bid interest from Warner. Some auto makers also advanced. By mid morning, Frankfurt Xetra Dax shed 0.1%, the CAC 40 in Paris lost 0.3%, while London FTSE 100 was flat.
Ivaylo
20 Feb, 2007
New York City
Gold edged higher on Tuesday after surging to a seven-month high on talks that the dollar may weaken and as crude oil continues to trade above $55 a barrel. Oil in New York has traded between $56.62 and $60.80 this month as cold weather and higher-than-normal gasoline demand pushed fuel consumption to a 14-month high. Copper advanced after a magnitude 5.5 earthquake hit the largest mining province in Chile, the biggest producer of the metal in the world.
Elena
19 Feb, 2007
New York City
European stocks hit multi-year highs on Monday, boosted by strength in the mining sector, a continuous advance in DaimlerChrysler and deal-inspired gains from Swiss reinsurer Converium Holdings. DaimlerChrysler led autos higher with a rise of 3.6% on speculation about the future of its Chrysler unit. Among mining stocks, Rio Tinto added 1% and BHP Billiton climbed 1.7%. The French CAC-40 advanced 0.5%, the German DAX 30 rose 0.4%, and the U.K. FTSE 100 gained 0.4%.
