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.
Ivaylo
29 Jan, 2007
New York City
European stock markets opened higher on Monday, but losses for telecommunications stocks impacted equities following the second profit warning from Deutsche Telekom in six months. Deutsche Telekom announced on Sunday that competition in Germany and challenging currency conditions had forced it to reconsider its 2007 forecasts. Airline stocks provided some respite. By mid morning, the FTSE 100 in London inched 0.1% higher, Frankfurt Xetra Dax gained 0.2%, and the CAC 40 in Paris added 0.4%.
Ivaylo
29 Jan, 2007
New York City
Copper futures at the New York Mercantile Exchange ended lower on Friday, retreating from gains made from previous sessions due to profit taking. Copper also witnessed downside pressure after U.S. durable goods orders came in lower than expected. Gold and silver prices also closed lower, as the precious metals responded to pressure from a rising dollar. Crude oil futures jumped on Friday.
123jump.com Staff
26 Jan, 2007
New York City
Market traded higher on strong earnings from industrial and tech companies but caught cautious wind on new home sales data release. Nasdaq Stock Market won''t raise its 2.7 billion-pound offer for LSE and extended its offer to shareholders by two weeks. Caterpillar Q4 profit rose 4.3 percent on increased demand for machinery in China and India. Asia ends lower on weakness in tech issues and banking shares, Europe finishes lower with mining shares, while Canada gained on oil prices.
Elena
26 Jan, 2007
New York City
European stocks closed in the negative on Friday, as weakness in mining shares offset gains from cosmetics giant L''Oreal. Resource stocks Xstrata and Antofagasta led decliners, dragged by weaker metals prices. Industrials also declined, including French defense company EADS, down 1.6%. Automakers were also in focus, with Porsche, down 1.8%, and BMW up 1.2%. The German DAX 30 closed down 0.4%, the French CAC-40 slipped 0.5%, and the U.K. FTSE 100 lost 0.7%.
Elena
26 Jan, 2007
New York City
Wall Street reversed from earlier gains, reflecting cautiousness on rising long-term interest rates in the bond market after stronger-than-expected economic data were released. Reports of robust durable goods orders and new home sales in December pressured bond prices, sending their yields to five-month highs. Shares of financial services companies declined, with American International Group and J.P. Morgan Chase & Co. each falling about 1%. Merrill Lynch slid 2%, while Morgan Stanley lost 1%.
Elena
26 Jan, 2007
New York City
U.S. stock markets opened in the positive Friday, as government data showed an improving manufacturing sector, with orders of durable goods up 3.5% in December, in line with expectations. Better-than-expected forecast from Caterpillar Inc. also provided a boost. Technology stocks were supported by a stronger-than-expected quarterly profit from Microsoft. Caterpillar shares rose 2.8%, while Microsoft gained 1.8%.
Ivaylo
26 Jan, 2007
New York City
The London market dropped in mid-day trade on Friday, following a sell-off overnight on US markets. Banks, mining stocks and oil large-caps all were trading in the red, only some defensive stocks made small gains. The more cautious sentiment put pressure across the board. Oil companies fell as crude prices fell below $55 a barrel. The benchmark FTSE 100 Index dropped 15.2, or 0.2%, to 6254.10 at mid-day in London.
Elena
26 Jan, 2007
New York City
U.S. stock futures indicated a mixed opening Friday, with traders digesting stronger-than-expected sales growth at Microsoft vs. somewhat disappointing results from Dow components Caterpillar and Honeywell. Microsoft added 1.9% in pre-open trading on better-than-forecast sales increase. Caterpillar reported higher quarterly earnings, missing expectations. The stock rose 2%. Larger-than-expected rise in durable goods orders in December helped lift sentiment.
Elena
26 Jan, 2007
New York City
Despite the huge decline, the company
Ivaylo
26 Jan, 2007
New York City
Asian markets finished mostly lower, following U.S. decline overnight, as markets in Japan fell on weakness in tech stocks and in Hong Kong banking shares led the decline. In Japan, sentiment was impacted negatively as US market suffered its biggest decline in two months. Retail companies dropped after the government announced the core consumer price index missed expectations. Stocks rebounded after two days of losses in China. In South Korea tech stocks weighed on the benchmark index.
Ivaylo
26 Jan, 2007
New York City
European shares declined on Friday morning, with chemical and industrial firms leading the decline after U.S.-inspired selling offset gains at cosmetics giant L''Oreal. Industrials such as Siemens and defense company EADS also traded lower. Futures on German 10-year bonds also declined on Friday. The U.K. FTSE 100 index retreated 0.6%, German DAX Xetra 30 index dropped 0.8% and the French CAC-40 index slipped 1%.
Ivaylo
26 Jan, 2007
New York City
Precious metals hit their strongest levels of the year Thursday, although gold eventually retreated from all of its gains due to a turn lower in crude oil and a rise in Treasury yields. Silver sustained its advance. Platinum, palladium and copper gained as well. All energy stocks declined, while Arabica coffee futures rose. Raw sugar slipped to a one-year low on producer selling and pressure from local and small speculators.
