Elena
13 Nov, 2006
New York City
Stocks opened mixed Monday ahead of retail sales and inflation data later in the week. Intel was an early gainer, up 1.1%, lifted by an upgrade for the chip sector from Citigroup. SanDisk fell 2.2% after UBS downgraded the company to neutral from buy. Tyson Foods reported a Q4 loss vs. a year-earlier profit. Revenue fell from a year ago, but matched forecasts. The stock rose 2.2% in early trading.
Ivaylo
13 Nov, 2006
New York City
Bid developments pushed life insurer Resolution higher after it confirmed it was in discussions with various parties concerning a wide range of possible transactions, including a possible offer for the group. Scottish Power was also strong as the market awaits developments following the approach by Iberdrola last week. On the downside, copper futures fell to a five month low, sending all the miners into the red. In late morning, the FTSE 100 was up 7.6 points, or 0.1%, at 6,216.3.
Elena
13 Nov, 2006
New York City
Stock futures turned flat, as crude oil retreated from an early rally toward $60, falling 77 cents to $58.82. Tyson Foods Inc. reported a wider-than-expected Q4 loss to 17 cents per share, compared with a profit of 33 cents per share last year, missing estimates of a 4-cent loss. The wider loss was attributed to one-time charges and losses in the chicken and beef sectors.
Elena
13 Nov, 2006
New York City
Stock market futures moved slightly higher Monday morning, with investors shifting their focus from election news toward inflation and key data later this week. In corporate news, KB Home announced late Friday that CEO Bruce Karatz is leaving after the conclusion of a stock-option grant price probe. IBM is reportedly joining a consortium led by Citigroup that is bidding for China''s Guangdong Development Bank.
Ivaylo
13 Nov, 2006
New York City
Japanese stocks fell, led by banks, machinery stocks and commodity-related issues ahead of July-September gross domestic product data. In Hong Kong, property companies weighed on the market after developer Henderson Land placed shares over the weekend. South Korean shares finished flat, with strong gains in technology shares offsetting losses in shipbuilders. Australia declined as miners plunged while in Taiwan shares dipped due to tech stocks.
Ivaylo
13 Nov, 2006
New York City
Mining stocks, weakened in response to lower commodity prices. Top of the earnings pile on Monday was Alstom, the French engineering group. It reported a 27% rise in first-half operating profit. Miners were the biggest weight to the downside on worries that a slowdown in the global economy would hurt demand for metals. In early trade, the FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax gained 0.1%, and the CAC 40 in Paris added 0.3%.
Ivaylo
13 Nov, 2006
New York City
After increases in London and Shanghai exchange copper stocks led to a technical breakdown for the metal. The main culprit in the copper sell-off, it appears, is the reported rise in Chinese stocks this week. Profit-taking left December gold lower at its settlement price while December silver was lower for much of the session, but it bounced from the low on Friday.
123jump.com Staff
10 Nov, 2006
New York City
AIG profit rise and Boeing win of order worth as much as $15 bilion failed to excite investors in the larg cap. Martket averages barely budged for the day. Disney profit gains was tempered by the caution that recent acquisition of Pixar may take five years to work out. Disney stock fell 3.5%. Copper dropped 22 cents causing a sharp drop in Phelps Dodge, Rio Tinto and Southern Copper Peru.
Elena
10 Nov, 2006
New York City
European stock markets closed little changed Friday, reflecting continuous weakness among pharmaceutical stocks. However, gains in chemical firms such as Rhodia and commodity-related shares helped limit the downside move. London FTSE 100 dropped 0.37%. The French CAC 40 ended flat at 5,447.5. The German DAX 30 ended flat at 6,357.77.
Elena
10 Nov, 2006
New York City
Stock markets turned mixed in quiet trading Friday as AIG''s quarterly results and a multibillion-dollar contract for Boeing offset losses for Walt Disney''s shares. Boeing gained 1.5%, while Disney fell 3% turning into the biggest drag on the Dow, despite posting strong earnings. The company also said it plans to increase capital spending in 2007. In deal news, drug developer Tanox jumped 44% after it agreed to be acquired by pharmaceutical company Genentech Inc. for $919 million.
Elena
10 Nov, 2006
New York City
A decline in inflation rate and upbeat industrial production figures led the market to a new high. The Indian market was also spurred by sustained buying in private bank stocks and index large-caps such as Reliance Industries, which was the most-active stock today. ICICI Bank, BHEL, HDFC Bank, Gujarat Ambuja were the other large-cap advancers. Cipla, Satyam led the decliners. Industrial production in India advanced 11.4% in September from a year earlier.
Elena
10 Nov, 2006
New York City
A pullback by the oil price pushed stocks modestly higher at opening. Light, sweet crude dropped 45 cents do $60.71, helping oil-sensitive airline stocks to recover from recent losses. Boeing won out over Lockheed Martin Corp. and United Technology Corp.''s Sikorsky division in securing a contract to build U.S. Air Force helicopters. The contract isworth about $13 billion.
Ivaylo
10 Nov, 2006
New York City
Cairn Energy led the advancers on Friday as a leading bank said the IPO of the Indian operations oil group could lead to a re-rating. Platinum miner Lonmin, shot ahead supported by bid rumours, suggesting an offer could be in the offing soon. Anglo American rose strongly as the Oppenheimer family sold a third of its stake to China Vision Resources. In early afternoon, the FTSE 100 was broadly flat at 6,231.3.
Elena
10 Nov, 2006
New York City
U.S. stock futures pushed higher on Friday, helped by retreating oil prices and strong earnings. Disney''s net income rose 36 cents a share, up from 19 cents last year, beating estimates of 34 cents. The strong rasults were helped by improved sales. AIG reported surging Q3 net income to $1.61 a share, an improvement from profit of 66 cents a share last year. The quarterly earnings exceeded expectations of $1.42 a share.
Ivaylo
10 Nov, 2006
New York City
Japan fell after the central bank official said is concerned about the risk of a rapid unwinding of the yen-carry trade and its potential impact on asset markets. Japanese exporters Toyota Motor Corp. and Sony Corp. led declines among large-caps while banking company Mitsubishi UFJ Group was also lower. Elsewhere in Asia, BHP Billiton and PetroChina Co. advanced as oil climbed to a two-week high, pushing Australia slightly higher. Taiwan also edged higher.
