Elena
08 Dec, 2006
New York City
Wall Street sentiment turned positive after a long awaited government report showed that jobs created in November were more than expected, easing worries about the economy''s health. The report showed that non-farm payrolls rose by 132,000 jobs, following a downwardly revised increase of 79,000 in October. Economists had expected an increase of about 105,000 jobs. The unemployment rate edged up to 4.5% in November from 4.4% in October.
Elena
08 Dec, 2006
New York City
Oracle said it wanted to boost its stake in i-flex to 90% and raised the price to 2,100 rupees per share, up 42% from 1,475 rupees previously offered. The revised offer represented a 20% premium to i-flex''''s closing price on Thursday.
Ivaylo
08 Dec, 2006
New York City
Asian stocks ended mostly lower on Friday, with the Nikkei falling due to weak performance from NTT DoCoMo while October machinery orders disaapointed and pushed shares such as Fanuc Ltd lower. Data of October core machinery posted mid-afternoon in Tokyo was weaker from the previous month. Hang Seng Index in Hong Kong finished lower as investors still resort to profit-taking. Other major index also fell, such as Australia and South Korea. New Zealand bucked the trend and advanced.
Ivaylo
08 Dec, 2006
New York City
European markets were trading slightly lower on Friday, tracking US subdued close as investors await the monthly US employment report, published later. The markets are jittery ahead of November non-farm payrolls data, a keenly-watched yardstick of jobs creation in the US economy. London-listed miners influenced the market the most, as some key stocks were lower. By mid morning, FTSE 100 in London slipped 0.2%, Frankfurt Xetra Dax shed 0.3%, and the CAC 40 in Paris declined 0.5%.
Ivaylo
08 Dec, 2006
New York City
European markets were trading slightly lower on Friday, tracking US subdued close as investors await the monthly US employment report, published later. The markets are jittery ahead of November non-farm payrolls data, a keenly-watched yardstick of jobs creation in the US economy. London-listed miners influenced the market the most, as some key stocks were lower. By mid morning, FTSE 100 in London slipped 0.2%, Frankfurt Xetra Dax shed 0.3%, and the CAC 40 in Paris declined 0.5%.
Ivaylo
08 Dec, 2006
New York City
Some commercial interest was seen in the markets at the lower end of the trading ranges in both gold and silver. Investors were slightly short, so the markets succeeded in gaining their feet. Managed-money accounts were covering short positions. While gold and silver gained, platinum lost as well as copper. Arabica coffee futures also rose, while raw sugar settled down.
123jump.com Staff
07 Dec, 2001
New York City
Worries of economic slow down and rising energy costs led market averages lower in the final hour of trading. Department of Labor reported jobless claims fell to 324,000 last week, unemployment report is expected at 4.5%. Home builders stocks fell on analyst downgrage. Home Depot fell on stock options investigation. The report showed-routine- repricing of $200 million over 19 years. Vanda pharmaceuticals rose $11. HP to pay $14.5 million to settle California inquiry.
Elena
07 Dec, 2006
New York City
European stocks finished in the green on Thursday, bolstered by rallying tobacco stocks and comments by ECB Jean-Claude Trichet that prompted interest rates might be further increased early next year. The tobacco sector moved notably higher, as Gallaher Group shares soared 21.6% after it said it had received an offer approach. The U.K. FTSE 100 climbed 0.7%, followed by the French CAC 40, up 0.7%, and the German DAX 30, up 0.5%.
Elena
07 Dec, 2006
New York City
Dow component Exxon Mobile was one of the average''s weaker components and was down 1.2%. Technology stocks dropped and blue-chip stocks pared gains, with shares of BlackBerry maker Research In Motion down 3.7% after brokerage downgrades. Shares of Home Depot slipped 1.1%. Yesterday the home improvement retailer said it had found almost 20 years of option grant backdating.
Elena
07 Dec, 2006
New York City
Stock markets opened higher, bolstered by a bigger-than-expected drop in jobless claims, easing concern about weakness in the job market ahead of November employment report tomorrow. Shares of drug maker Eli Lilly dropped nearly 1% after its 2007 earnings forecast fell short of estimates.
Elena
07 Dec, 2006
New York City
Sensex was in positive territory in much of the session, crossing the 14,000 level. It retreated slightly at the end of the trade, but closed slightly up. Two large-caps with great weightage on BSE, Reliance Industries and Infosys, showed divergent trends. Hindalco led the advancers while Hero Honda led the decliners. Airbus said it planned to invest about $1B in India in the next 10 years. J.P. Morgan Chase & Co. said that it had invested $60 million in a Mumbai luxury residential property.
Ivaylo
07 Dec, 2001
New York City
Tobacco stocks led the gainers on the FTSE 100 on Thursday after Gallaher Group confirmed it had received a bid approach. Shares in the group jumped, following an announcement after the close of trade on Wednesday that it had received an approach from Japan Tobacco, which may smoke out a counter-bidder. Banking shares also gained, Barclays being the leader. The FTSE 100 was in positive territory by midday after a slightly weaker open. It traded 27.8 points, or 0.5%, higher at 6,118.7.
Elena
07 Dec, 2006
New York City
U.S. stock market futures were lackluster in early trading ahead of November unemployment report due out on Friday, expected to provide clues about the strength of the U.S. economy. The Labor Department reported that jobless claims fell to 324,000 from the previous week''s revised figure of 358,000, slightly better than expected. In corporate news, Fannie Mae said it overstated earnings by a much lower figure than expected.
Elena
07 Dec, 2006
New York City
In return, Liberty would receive News Corp.''s 39% stake in the satellite-TV firm DirecTV Group, as well as cash and other assets. The deal will return Liberty to a leading position in the media sector and strengthen News Corp. Chairman Rupert Murdoch''s control of his company.
Ivaylo
07 Dec, 2006
New York City
Japan bucked the downtrend, closing up on merger-and-acquisition news. Asian markets ended broadly mostly lower Thursday, with Hong Kong and South Korea finishing lower. Hong Kong stocks fell sharply after a share sale by an institutional holder in China Mobile led investors to question whether the market has much short-term upside. South Korean shares fell, dragged down by exporters. In Taiwan, shares fell slightly, while the Australian benchmark index edged lower.
