Elena
30 Jan, 2007
New York City
The company said its profit increased to $1.18 billion, or $1.57 a share, from $746 million, or 97 cents a share, earned a year ago. The latest quarter''s per-share figure includes 47 cents on the sale of its pharmaceutical unit. 3M
Ivaylo
30 Jan, 2001
New York City
Most Asian markets ended higher on Tuesday, with Japanese stocks supported by Honda Motor and Hong Kong stocks advancing on futures-related trading, while property firms pulled Chinese stocks lower. In South Korea, advances in insurers, banks and builders led the stock market modestly higher. In Australia, takeover activity continued to support the market. The Shanghai Composite Index bucked the trend.
Ivaylo
30 Jan, 2007
New York City
European sock markets declined on Tuesday as losses in the heavily-weighted banking, resources and telecommunications sectors countered gains for airlines and luxury goods. Airline stocks were higher as investors bought into the sector supported by lower oil prices and lack of interest in shares of Alitalia. In early trade, the FTSE 100 in London shed 0.3%, Frankfurt Xetra Dax was little changed, and the CAC 40 in Paris fell 0.2%.
Ivaylo
30 Jan, 2007
New York City
Copper futures fell Monday at the New York Mercantile Exchange amid follow-through weakness from Friday and another rise in exchange-held stocks. A technical-based selling pressured prices after the metal failed to advance on Friday following some economic and demand news. Gold and silver prices settled down but the prospects for gold for 2007 are that demand should consolidate and the market will firm up gradually over the year. Oil, natural gas and heating oil also dipped.
123jump.com Staff
29 Jan, 2007
New York City
Market averages meandered ahead of Fed meetings this week. Fall in oil price helped transportaion and aviaation sectors. Two merger deals of more than a billion dollar in banking industry dominated the morning trading. Asian markets closed mixed as banks posted strong gains in Shanghai but were a drag on other markets region-wide, European markets closed higher helped by gains from airlines and the technology sector, while Latin America markets finished lower.
Elena
29 Jan, 2007
New York City
European stocks closed higher Monday, supported by strong airlines and technology stocks. However, weakness in the telecoms sector limited the upside move. Airlines Deutsche Lufthansa, Ryanair, easyJet and Air France-KLM all rose more than 1%. Shares in British Airways rose 2.8%. Technology shares such as software giant SAP and Alcatel-Lucent also supported markets by gaining about 1%. The German DAX 30 closed up 0.5%. The French CAC-40 gained 0.7%, and the U.K. FTSE 100 edged up 0.2%.
Elena
29 Jan, 2007
New York City
U.S. market averages traded in the positive, as merger news, falling oil prices, and enthusiasm over new technologies from chip makers, offset caution before the Fed Reserve''s meeting on interest rates. Tech stocks boosted the Dow after both Intel and IBM announced that they are developing new materials to produce smaller and faster chips. Intel rose 2%, while IBM gained 0.9%. Hewlett-Packard rose 2.3%, after solid results from Canon led UBS to forecast solid gains for HP''s printing unit.
Elena
29 Jan, 2007
New York City
U.S. market averages traded in the positive, as merger news, falling oil prices, and enthusiasm over new technologies from chip makers, offset caution before the Fed Reserve''s meeting on interest rates. Tech stocks boosted the Dow after both Intel and IBM announced that they are developing new materials to produce smaller and faster chips. Intel rose 2%, while IBM gained 0.9%. Hewlett-Packard rose 2.3%, after solid results from Canon led UBS to forecast solid gains for HP''s printing unit.
Elena
29 Jan, 2007
New York City
The market was wary Monday, expecting RBI decision on short-term interest rates due this Wednesday. Reliance Industries ended in positive territory, supporting the market. Banks plunged with ICICI Bank leading the decline. Other decliners included Tata Motors and Satyam. Reliance Communication and Tata Steel led the advancers as the metal sector finished higher. Reported earnings so far have been stronger than expected and significantly better than a year ago.
Elena
29 Jan, 2007
New York City
U.S. stocks opened moderately higher Monday on earnings and deal news. In early earnings highlights, Mattel reported Q4 net income of growth of 75 cents a share, up from 69 cents a year ago, exceeding estimates of 67 cents a share. Meat producer Tyson Foods swung to profit in Q1, breaking a series of three quarterly losses. The company reported a higher-than-expected profit jump of 46% due to higher chicken sales and lower cost.
Ivaylo
29 Jan, 2007
New York City
Prudential advanced in London on Monday as the life assurer agreed the sale of Egg, its internet bank. Citigroup has agreed on the proposed price. The telecom sector declined after a profit warning from Deutsche Telekom. British Airways led the advancers as a likely strike in the company was called off, while Drax Group led the decline. In afternoon trade, the FTSE 100 was 9 points higher at 6,236.9
Elena
29 Jan, 2007
New York City
U.S. stock futures moved slightly higher Monday, helped by earnings reports and some merger activity. Dow component Verizon Communications reported Q4 earnings decline to 35 cents per share, down from 59 cents last year, blaming taxes on the sale of assets and costs related to a spinoff. However, the results beat analyst estimates as the telephone company''s cellular business added 2.3 million customers.
Elena
29 Jan, 2007
New York City
Prudential said the deal is expected to complete in April, and is subject to regulatory approvals. Citigroup said it expects the deal to boost its earnings in its first year. Prudential said that a distribution agreement to provide life and pensions products to Egg customer for five year was reached.
Ivaylo
29 Jan, 2007
New York City
Asian markets ended mixed Monday as banks reported strong gains in Shanghai but weighed on other markets in the region, while upbeat earnings results supported the Japanese benchmark index to recover. In Hong Kong, China-related shares rose, led by a surge in state airline stocks, but failed to lift the Hang Seng index. Shares closed lower as foreign investors sold Hynix Semiconductor in South Korea. In Australia the market ended amost flat.
123jump.com Staff
04 Jan, 2008
New York City
U.S. stocks turned negative at the opening after the employment report. The Labor Department reported that payroll in December increased 18,000. For the year 2007 the economy added 1.3 million jobs after adding 2.3 million in 2006. The monthly average fell to 111,000 in 2007 from 189,000 in 2006. consumer sensitive stocks dropped sharply. Retailers, restaurants, and banking sector stocks fell sharply.
