Elena
23 Feb, 2007
New York City
U.S. stocks kept trading in the negative territory, reversing a course of recent gains. Rising oil prices weighed on the sentiment, along with a court ruling that Microsoft must pay $1.5 billion to Alcatel-Lucent to settle a patent dispute. Higher oil prices hit shares of General Electric, United Technology and Caterpillar. Investors were also awaiting speeches by Federal Reserve officials later in the session.
Elena
23 Feb, 2007
New York City
U.S. stock averages started trading slightly lower on Friday, weighed down by a notable advance in crude oil prices. Tech stocks came under pressure on news of a patent ruling against Microsoft Corp. BEA Systems was a notable decliner, falling 7% on lower-than-expected Q1 revenue forecast. Other decliners included Dell, Intel and Microsoft, each down about 1%.
Ivaylo
23 Feb, 2007
New York City
Weakness in the banking sector dragged the FTSE lower on Friday as results from Lloyds TSB failed to impress investors. Lloyds fell despite posting another strong performance in 2006. Firmer metal prices sent mining companies higher, while oil shares gained due to the crude price rising above $61 a barrel. By mid-day, the FTSE 100 had recovered some of its poise and was trading 10 points lower at 6370.2.
Elena
23 Feb, 2007
New York City
U.S. stock futures declined on Friday, pressured by recovering oil prices and patent concerns dragging down software giant Microsoft. Shares of the software maker slipped 0.5% in pre-open trade following a court ruling that it owned Alcatel-Lucent $1.52 billion over a dispute on MP3 music-related patents. Lowe
Ivaylo
23 Feb, 2007
New York City
Asian markets mostly advanced on Friday with the benchmark Nikkei index in Japan extending gains farther above the 18000 mark Seoul and Sydney recording closing-highs. In Japan, shares ended higher on buying due to the increase in commodity prices, while in Hong Kong profit-taking sent stocks lower. In South Korea the stock market continued its winning streak to close at a new high while in Australia takeover speculation sent the market to another record high.
Elena
23 Feb, 2007
New York City
According to a court ruling, software company Microsoft Corp. is obliged to pay $1.52 billion in damages to telecommunications equipment maker Alcatel-Lucent SA for violating two patents which govern the conversion of audio into the digital MP3 file format on personal computers.
Ivaylo
23 Feb, 2001
New York City
Sensex opened with a positive bias above the psychologically important 14,000 level, but plummeted on selling in large-caps. Traders were unwinding long positions, wary ahead of the Union Budget. Bank, cement and pharma stocks were the worst hit with Grasim leading the decliners. Only Tata Steel advanced from the stocks in the Sensex. Wholesale inflation fell to 6.6%. Mukesh Ambani may be forced to inject $2.2 billion in Reliance Industries.
Ivaylo
23 Feb, 2007
New York City
European equity markets turned flat by mid morning on Friday, as support from resource stocks was undermined by profit taking in the financial sectors. The technology sector was led higher by Alcatel-Lucent, which won a suit against Microsoft. Deutsche B
Ivaylo
23 Feb, 2007
New York City
Corn futures hogged the limelight as they climbed to 10-year highs Thursday on the Chicago Board of Trade as a combination of fund and technical buying pushed prices higher. On the New York Mercantile Exchange, high-grade copper futures rallied to their strongest levels since the first week of the year. Gold and silver ended lower after their rally on Wednesday. Palladium peaked but then but could not sustain the level.
123jump.com Staff
22 Feb, 2007
New York City
U.S stocks closed Thursday session mixed, reflecting tempered tech stocks rally and negative sentiment generated by Iran
123jump.com Staff
22 Feb, 2007
New York City
U.S. stocks moved lower, as news that Iran had failed to meet a deadline to stop nuclear enrichment helped push oil prices close to $61 a barrel and offset upbeat merger news and a tech stocks rally. Analog Devices spearheaded the tech advance, trading higher 10% on Q1 earnings rise and upbeat outlook. The Dow Jones Industrial Average moved down 55 points, led by Caterpillar and General Motors.
Elena
22 Feb, 2007
New York City
European stocks gained ground on Thursday, boosted by gains for mining and chemical stocks. Chemicals were led higher by 5.4% gain for BASF. The company
Elena
22 Feb, 2007
New York City
U.S. stocks erased earlier gains to turn lower in late morning trading. News that Iran refused to suspend its uranium enrichment program hurt market sentiment, offsetting a strong rally in the tech sector. However, semiconductors Analog Devices and National Semiconductor continued to trade higher, up 10% and 7% respectively. The Dow was dragged down by Hewlett-Packard, down 1.7%, General Motors, also falling 1.7%, and IBM, losing 1.1%.
Elena
22 Feb, 2007
New York City
U.S. stock markets were driven higher Thursday by merger news and a trademark agreement between Apple and Cisco Systems. Positive sentiment was also generated by a government report that showed the labor market remains strong. Tech stocks were helped by 9% gain for Analog Devices on brokerage upgrade, due to a lifted outlook. Whole Foods jumped 10% after it agreed to buy smaller rival Wild Oats Markets for about $565 million. Shares of Wild Oats surged 17%.
Ivaylo
22 Feb, 2007
New York City
London equity market regained momentum on Thursday as a series of strong earnings reports helped the FTSE 100 back toward the 6,400 level. Large-cap stocks continued to advance, as the market was upbeat on results from BAE Systems and Centrica. The benchmark index, the FTSE 100 rose 0.6% to 6,395.1, a gain of 38 points, helping restore most of the 55 lost from the previous session.
