Ivaylo
06 Feb, 2001
New York City
Strong bid speculation supported the London benchmark index to a new high on Tuesday, as UK retailer J Sainsbury is again in focus on a possible approach by two companies. Other gainers included Cable & Wireless, also on merger talk as reports suggests Deutsche Telekom is considering a bid proposal. Lloyds was up on broker comment, while the only decliner was BP, as the oil company cut its guidance. By mid-day, the FTSE 100 was trading 25.4 points, or 0.56%, higher at 6,343.3.
Elena
06 Feb, 2007
New York City
U.S. stock futures pointed to a moderately higher opening on strong results from Tyco and corporate news from Wal-Mart. Investors also awaited comments from top Federal Reserve officials for clues about the outlook for U.S. interest rates. Tyco added 1.3% in pre-open after it reported Q1 earnings rise of 43% on increased sales. Wal-Mart said it was launching a test version of a video download service, which will compete with Apple'' download service.
Ivaylo
06 Feb, 2007
New York City
The market witnessed a highly volatile trading session moving in and out of positive territories on a wave of sell orders in large-cap stocks. The turnover on BSE surged on three block deals in TCS. Reliance Comm led the decliners today after 5 days of rally. Reliance Energy, Ranbaxy and ICICI Bank led the gainers. Education Minister said that 100% foreign direct investment in higher education will soon be allowed. India, Iran and Pakistan inch closer to agree on natural gas pipeline project.
Elena
06 Feb, 2007
New York City
Toyota Motor posted group net profit of 426.8 billion yen ($3.6 billion), compared with 397.6 billion yen last year. The auto maker reported solid sales growth of 15.2% to 6.15 trillion yen ($51.2 billion) from 5.33 trillion yen a year ago, boosted by strong demand for remodeled RAV 4 sport utility vehicle and Camry mid-sized sedan in North America, and the Yaris compact in Europe.
Ivaylo
06 Feb, 2007
New York City
Asian markets closed broadly higher on Tuesday on strength in the tech sector in Japan, as Nikon Corp. and Olympus Corp. reported higher net incomes, while Toyota led autos higher. China Shipping Container Lines boosted HK benchmark index as it surged on broker update. Australian markets rallied on reports that the Reserve Bank of Austraia will not hike the interest rates. Chinese indexes also rose, breaking the losing streak from previous session, supported by firmer bank stocks.
Ivaylo
06 Feb, 2007
New York City
Weaker Q4 results from British oil company BP could not influence negatively the market sentiment on Tuesday. Upbeat mining and metals sector and banking stocks sent shares higher with Capitalia leading the advancers. Renewable Energy Corp rebounded to erase some of the recent heavy losses. By mid morning, the FTSE 100 in London climbed 0.4%, Frankfurt Xetra Dax added 0.3% and the CAC 40 in Paris edged 0.2% higher.
Ivaylo
06 Feb, 2007
New York City
Gold futures advanced on Monday at the New York Mercantile Exchange, while copper continued its march downward. Gold was supported by the tough stance of US Secretary of State Condoleezza Rice on Iran and the strength of oil on the market. Crude oil dipped after the recent rally while natural gas gained. Arabica coffee prices and raw sugar futures also declined.
123jump.com Staff
05 Feb, 2007
New York City
Survey on service industry reported higher than expected level of economic activity in the month of January. A similar survey in Europe reflected growing sector across the continent. Lower energy prices, higher wages and consumer willingness to dip in savings kept American retailing and construction sectors growing in the month of January. Las Vegas Sands reported 3.2% rise in earnings on 27% rise in sales. SEC approved Nasdaq to sell more services and raise listing fees.
Elena
05 Feb, 2007
New York City
European stocks finished little changed on Monday, as losses for ad conglomerate Havas and utilities Endesa and E.On offset the positive sentiment generated by gains in the oil sector and some airline stocks. British Airways fell 1.8%, while budget airlines Ryanair and easyJet gained 3% each. The U.K. FTSE 100 index added 0.1%, the German DAX 30 declined 0.1%, and the French CAC-40 edged 0.1% higher.
Elena
05 Feb, 2007
New York City
Stock market averages traded near the flat line, reflecting robust growth in the service sector in January, a flurry of multibillion-dollar merger deals, as well as earnings news. The ISM index gained 59% suggesting continued economic growth. Cognizant Technology Solutions rose 7% after reporting better-than-expected Q4 profit. The information technology service provider earned 46 cents per share, up 21% from 39 cents last year on 65% sales increase. Microsoft weighed with a decline of 1.5%.
Elena
05 Feb, 2007
New York City
Wall Street opened in the negative territory Monday, as investors turned to profit-taking and waited for a report on the service sector of the economy. Dow component Wal-Mart provided support, rising 1.1% after the retailer''s same-store sales report topped forecast. A flurry of deal news also helped limit early losses. Triad Hospitals accepted a takeover bid of $6.4 billion, including $1.7 billion of debt. The stock jumped 15% in early trading.
Ivaylo
05 Feb, 2007
New York City
London advanced on Monday but news concerning large-caps stocks was scarce. Most stocks were trading at opening levels with only Johnson Matthey surging on an upgrade from UBS. Property stocks gained, Man Group added and BT also advanced on reports that it will secure a large contract. Of the mid-caps Countrywide led the gainers as it announced that it received a bid approach. By mid-day, the FTSE 100 gained 5.7 points to 6,316.6.
Elena
05 Feb, 2007
New York City
U.S. stock markets looked poised for lower opening Monday on profit-taking after last-week solid gains and ahead of key economic data. The ISM report is expected to show that the services sector is expanding at a higher rate. Wal-Mart Stores was in focus as the world''s biggest retailer warned that it will deliver the lowest annual same-store sales growth in more than 25 years after posting 2.2% rise in January same-store sales.
Ivaylo
05 Feb, 2007
New York City
The market surged for a third session in a row on strong showing in the auto, consumer durables and telecom sectors. Metal stock bucked the trend and declined. Reliance Communications, HDFC, Maruti and Hero Honda led the gainers. Hindalco and Wipro led the decliners. The Finance Minister said that India
Elena
05 Feb, 2007
New York City
In terms of the deal, Investors Financial shareholders will receive 0.906 shares of State Street common stock for each share held, based upon the closing price of State Street common stock on February 2. The average number of State Street common shares issued in the transaction will be 62 million. On completion of the deal, State Street will possess more than $14 trillion in assets under custody.
