Ivaylo
03 May, 2007
New York City
After a two-day break, the benchmark index opened with a positive bias Thursday and remained in positive territory throughout the session on strong global markets and robust earnings results from large-caps. Reliance Industries and Bajaj Auto led the advancers, while Tata Motors and HDFC Bank were the worst performing stocks. HDFC on Thursday reported 29% jump in fourth-quarter net profit for the current fiscal year.
Ivaylo
03 May, 2007
New York City
European markets were mostly lower mid-morning on Thursday as weakness in automakers and technology companies countered some well-received earnings from oil company Royal Dutch Shell and food group Unilever. Also, UBS, the world biggest asset manager, and German carmaker BMW posted earnings that missed analysts estimates. The German DAX Xetra 30 index lost 0.2% and the French CAC-40 index slipped 0.1%. However, the U.K. FTSE 100 index rose 0.4%.
123jump.com Staff
02 May, 2007
New York City
U.S. market averages rose as steady drumbeat of earnings supported a rise. Master Card, CB Richard Ellis, Nortel, Jones Lang La Salle, Yum Brands, and others reported rising earings on gains in international sales. Dow Jones is likely to receive at least two bids from private equity groups, sources in the industry confirm. European markets advanced led by a rise in Norway and UK. Brazil reported April trade surplus of $4.2 billion. HSBC stock attracts Middle-Eastern investors.
123jump.com Staff
02 May, 2007
New York City
A familar theme of earnings this quarter was playout again today. Falling dollar and rising international sales contributed to the fortunes of some of the largest companies in America. Nortel, Yum Brands, Master Card and CB RIchard Ellis earnings report confirmed this trend today. Investors lifted these stocks in the hope that these earnings trend will continue. Master Card jumped nearly 10%, CB Richard rose 14%, Yum Brands advacned 6% on the news.
Elena
02 May, 2007
New York City
European stock markets closed higher on Wednesday, boosted by strength among media stocks. Shares in satellite broadcaster British Sky Broadcasting rose more than 5%, while Dutch publisher Wolters Kluwer gained 2.8%. The U.K. FTSE 100 climbed 1% to 6,484.50, the German DAX Xetra 30 rose 0.6% to 7,455.93 and the French CAC-40 gained 0.5% to 5,990.13.
Elena
02 May, 2007
New York City
The three major stock averages rallied on Wednesday, driven by strength in the deal sector amid deal speculation, Q1 financial results released by Time Warner, and stronger-than-expected factory data. Time Warner rose 2.5% after the media posted higher-than-expected quarterly earnings. Chipotle Mexican Grill jumped 16% after the restaurant chain reported a profit rise above foreacsts.
Elena
02 May, 2007
New York City
Cablevision Systems Corp. jumped 8% after the cable TV provider said it struck a $10.3 billion deal to be taken private by its controlling shareholders, the Dolan family. In other deal news, Citigroup agreed to buy financial services outsourcing company Bisys Group for $1.45 billion in cash.
Ivaylo
03 May, 2007
New York City
On the Chicago Board of Trade corn futures continued their rally Wednesday, helped by forecasts of wetter weather late next week and into the following week. Gold declined, having been on correction mode since the June futures stalled just shy of the $700-an-ounce level on April 20 and 23. In energy stocks, crude oil fell, as did heating oil and gasoline, while natural gas bucked the trend and climbed.
Elena
02 May, 2007
New York City
U.S. stocks opened higher on Wednesday, lifted by deal news in the media sector and better-than-expected corporate profits. Master Card surged 10% after reporting 70% earnings rise to $1.57 per share from 94 cents per share a year ago, beating estimates of $1.15 a share. Revenue climbed 24% on favorable currency exchanges and stronger use of its brand overseas.
Ivaylo
02 May, 2007
New York City
U.K. stocks advanced, led by British Sky Broadcasting after the earnings of the company topped analysts estimates. Lonmin tracked a rally in mining stocks after the platinum producer announced its loss for the first-half narrowed. Also, William Morrison Supermarkets surged after reports that the company may be the target of a private-equity takeover bid. The benchmark FTSE 100 Index rallied 37.2, or 0.6%, to 6456.8.
Elena
02 May, 2007
New York City
U.S. stock futures traded higher Wednesday, although a payroll data helped erase some of the earlier gains. The ADP national employment report said private employment gained 64,000 in April, the weakest job growth in four years. The media sector was in the spotlight as Time Warner reported earnings. The media giant said its Q1 profit slipped 18%, but beat expectations as revenue increased by 9%. Deal speculation in the sector also provided support.
Ivaylo
02 May, 2007
New York City
Asian markets closed higher Wednesday, with Japanese markets finishing higher on gains in the auto sector, while Australia was boosted by a record Dow Jones Industrial Average finish. Auto shares helped boost stocks in Japan, as Mazda reported strong earnings results, while HK gained on HSBC Holdings advance. Sydney was buoyed by gains from BHP Billiton and other natural resource shares.
Elena
02 May, 2007
New York City
The deal represents roughly 67% above the recent market value of Dow Jones, a massive premium at a time when most newspaper companies are losing readers and advertisers to the Internet. The offer from News Corp. is expected to face obstacles, as Dow Jones''''s controlling shareholders, the Bancroft family, said they would block it.
Ivaylo
02 May, 2007
New York City
European markets advanced on Wednesday on a number of strong earnings reports, while merger activity in the media sector also helped support the markets. The media stocks rallied after British Sky Broadcasting posted surprisingly strong customer take-up and on bid speculation in the sector following the move of News Corp for Dow Jones. By mid morning, Frankfurt Xetra Dax was 0.5% higher, the CAC 40 in Paris added 0.5%, and London FTSE 100 climbed 0.8%.
Ivaylo
02 May, 2007
New York City
On the Chicago Board of Trade corn futures ended higher Tuesday, boosted by speculative buying after Monday''s crop progress report revealed lower than expected corn plantings. Gold and silver finished lower. It may have been in part on slow global trading, with many countries observing holidays.Platinum and palladium ended higher.
