123jump.com Staff
04 Jan, 2008
New York City
U.S. autosales declined in 2007 after consumers held back on trucks and large cars on rising gasoline prices and worries of economic slowdown. Domestic automakers lost ground to their Japanese rivals. For the year 2007, GM sales declined 6%, Ford lost 12%, and Chrysler edged 3.1%. Toyota sale gained 3.1% in 2007, Nissan sales edged 4.8%, and Honda sales edged higher 2.8%.
Elena
22 Jan, 2007
New York City
U.S. stock market futures predicted a slightly higher opening on Monday ahead of a busy week of earnings reports. The technology sector was again in focus on speculations that a deal could help chip maker Intel Corp. gain a market share. In earnings news, drug maker Pfizer topped analyst estimates on earnings by a penny a share. The Dow component inched up 8 cents in pre-open trading. Another blue-chip stock, Boeing Co. fell 1.4% after the aerospace giant was downgraded by Wachovia.
Elena
22 Jan, 2007
New York City
The considerable increase was largely contributed to the hefty gain from the sale of its consumer health care unit. Excluding the gain, earnings totaled 43 cents per share, beating the average estimates by a penny but falling 12% from the adjusted figure for a year ago. Revenue moved slightly higher to $12.60 billion from $12.55 billion a year ago, missing expectations of $12.62 billion.
Ivaylo
22 Jan, 2001
New York City
Asian markets closed higher Monday, with HK and Shanghai both reaching record closing highs, while the Japanese benchmark index hit its highest close in nine months. In Japan, stocks rose as shares on real-estate developers and steelmakers. In Hong Kong, HSBC and China Mobile pushed the Hang Seng Index to close at a record high. In China, transportation and retail companies surged on expectations of strong revenue in the run-up to the Chinese New Year. South Korea and Australia also advanced.
Ivaylo
22 Jan, 2007
New York City
European markets hit fresh six year highs on Monday as rising commodity prices helped lift oil stocks, miners and industrial metals groups, while strong sales helped Swiss watchmaker Swatch. Credit Suisse and Philips and were the other gainers on strong earnings reports. By late morning, FTSE 100 in London climbed 0.5%, Frankfurt Xetra Dax added 0.2%, and the CAC 40 in Paris gained 0.4%.
Ivaylo
22 Jan, 2007
New York City
The combination of strength in other commodities and lower warehouse inventories pushed copper higher Friday. Gold and silver, too, got a lift from crude oil. Investors are talking about crude bouncing off the recent lows. That seems to be the leading commodity at this point in time. It appears that everybody is focused on the crude market. Arabica coffee futures setlled lower, while raw sugar advanced.
albena
19 Jan, 2007
New York City
The preliminary consumer sentiment index hit a 3-year high but didn
Elena
19 Jan, 2007
New York City
European stocks finished notably higher, as strength posted by construction stocks and solid gains for carmakers helped lead a broad market rally. French construction companies Vinci and Saint Gobain rose 6.4% and 3.7%, respectively. Shares of DaimlerChrysler rose 4%, Fiat rose 4.2%, and Renault shares gained 2%. The French CAC-40 rose 1.1%, the German DAX 30 index gained 0.9%, while the U.K. FTSE 100 index rose 0.4%.
Elena
19 Jan, 2007
New York City
Stock markets posted modest gains, as positive sales outlook from JDSU sent the tech communications firm 10% higher, helping to offset downbeat forecasts from blue chip stocks IBM and GE. Citigroup fell 0.6% after posting a 26% drop in Q4 profit. Motorola posted a 48% drop in Q4 profit as margins in its handset business collapsed. The company also said it would cut 3,500 jobs. The stock rose 3.5%.
Elena
19 Jan, 2007
New York City
The market witnessed an extremely volatile session, although it opened with a positive gap. Weaker-than expected Q3 results from Satyam Computer weighed on the benchmark index later. Investors resorted to profit-taking in pharma and tech stocks and the Sensex plunged. It later recovered to some extent on fresh buying in Reliance and ITC. Cement shares bucked the downtrend and advanced. Reliance Communications led the gainers, while Satyam led the decliners.
Elena
19 Jan, 2007
New York City
U.S. stocks opened near the flat line after quarterly profits from IBM and a conservative outlook from General Electric raised worries about corporate profits. In addition, Motorola Inc. said Friday its Q4 profits dropped 48% despite record sales. Net profit fell to 25 cents per share, down from 46 cents per share a year earlier. Revenue rose 17% to $11.8 billion, up from $10 billion a year ago and slightly above the $11.7 billion estimate.
Ivaylo
19 Jan, 2001
New York City
Large-caps in UK continue to drift just below starting point this morning. US futures pointing to a weak start on U.S. have worsened sentiment, with vague bid talk and broker comment still providing most of the excitement. Tate & Lyle remains a top advancer on reports that an equity group is considering tabling a bid for the group. Corus is higher on a likely improved bid by Tata Steel, while Mice Group plunged. The FTSE 100 was off 9 points, or 0.20%, at 6,198 in late afternoon in London.
Elena
19 Jan, 2007
New York City
Citigroup Inc. reported Q4 profit decline to $1.03 a share, down from $1.37 a share a year earlier, with revenue hitting a record $23.83 billion, up from $20.78 billion in 2005. The bank
Elena
19 Jan, 2007
New York City
International Business Machines said earnings in Q4 rose to $3.54 billion, or $2.31 per share, on revenue of $26.3 billion, well above the $2.19 per share and $25.7 billion in revenue expected by analysts.IBM''s services division posted 6% higher revenue than last year. The hardware-focused systems posted a 3% increase, while the software nit rose 14%. Despite the positive results, IBM stock was down 5% in pre-market trading.
Ivaylo
19 Jan, 2001
New York City
Asian markets closed mixed Friday, with indexes in Japan and South Korea declining as tech shares dipped in parallel with declines in tech stocks on US markets. The Chinese market rebounded from a two-day slump. In Japan, stocks ended lower on profit-taking in tech shares. In Australia, the stock market closed flat, while HK shares were led higher by index by large-caps.
