Elena
11 Sep, 2006
New York City
U.S. stocks started trading in the negative, as declining oil prices dragged energy shares lower and downbeat news from Dell further weighed on the sentiment. Dell Inc. fell 3.9% after announcing it will delay filing its fiscal Q2 report and suspend its share repurchase program due to accounting probes.
Ivaylo
11 Sep, 2006
London
Plunging copper prices pushed miners into negative territory while the declining oil pressed energy stocks down. Royal Ducth Shell and BG group suffered heavily from the lower oil prices. BHP Billiton led the decliners. Vodafone advanced but failed to provide some respite to the downward trend on UK markets. Prudential also edged up on a bid with Swiss Re. The FTSE 100 in London shed 0.6% at mid-day trading.
Elena
11 Sep, 2006
New York City
Stock market futures traded lower across the board Monday, dragged by retreating crude oil prices. Investors were also anxious ahead of inflation data releases due out this week, expected to shed light on the outlook for interest rates. In corporate news, Dell dropped 3.4% on news it will delay filing its Q2 report and suspend its buyback program. Freescale Semiconductor jumped 19% before market open after a consortium of investment firms came close to a deal Sunday to acquire the company.
Elena
11 Sep, 2006
New York City
The transaction price represents a 43% premium to NS Group''s share price of $46.15 Friday. Ipsco will finance the purchase with cash and debt from a committed bank-credit line. The transaction, which is expected to close in 2006, has been approved by both companies
Ivaylo
11 Sep, 2006
New York City
Japanese stocks declined after a fall in a key corporate-spending indicator raised worries that the economic recovery may be faltering. In Hong Kong, shares followed a sharp decline in regional markets, led by China-related and property companies. Stocks in South Korea closed lower on foreign selling, led by losses in banking and automobile stocks. In Australia, growth worries hit the stock market for the fourth day.
Ivaylo
11 Sep, 2006
Frankfurt
European stocks came under pressure on Monday as lower commodity stocks pressured indexes, although some potential merger and acquisition news provided some support. The U.K. FTSE 100 index slipped 0.4%, the German DAX Xetra 30 index dipped 0.3% and the French CAC-40 index edged down 0.5%.
Ivaylo
11 Sep, 2006
Metals
The strenghtening of the U.S. dollar, especially against the euro currency, has really changed the tone to the metals markets. It was more commodity fund liquidation after traders ran into the market on Tuesday. They all started unwinding their positions on Thursday and it continued on Friday. Also, technically oriented selling sent copper futures lower.
123jump.com Staff
08 Sep, 2006
New York City
Market averages picked up some more momentum with only two hours to go. Nasdaq and Dow led the advancing indexes. Tech stocks maintained a positive momentum. Lennar and St Joe are the latest to release cautious news in the home builder segment. St Joe will exit the Florida home building market and Lennar revised the earnigs lower. Orient Express jumps 8% on rating upgrade. New Oriental Education jumps 3% on the second day of trading.
Elena
08 Sep, 2006
Frankfurt
European markets closed in the positive, helped by another decline by the oil price, corporate news from Peugeot, and early gains on Wall Street. Among gainers, BP ended up 1.2%, chemicals company BASF finished up 0.7% and airline Air France-KLM rose 1%. The German DAX 30 rose 0.4%, the French CAC 40 added 0.3%, and London FTSE 100 gained 0.4%.
Elena
08 Sep, 2006
New York City
The health insurance sector turned in one of the market''s best performances, with Health Net up 7.4% on Q4 earnings in line with analyst estimates. AirTran was one of the most notable decliners among airline stocks. The regional airline dropped 13.7% after the company lowered its guidance for growth of Q3 revenue per available seat mile.
123jump.com Staff
08 Sep, 2006
New York City
Market averages braved the rate hike and economic slowdown worries. Lennar, the third home builder in three days, lowered the earnings guidance and blamed sales incentive for the shortfall. St Joe, another Florida home builder, said that it will exit the market compeletely and take a one-time chaarge of $10.7 million. European markets closed higher but markets in Mexico and Brazil declined. Gold dropped and oil fell below $67.
Elena
08 Sep, 2006
Mumbai
The Sensex advanced for a second straight week in September helped by sustained foreign funds inflow and oil prices plunging to a 5-month low. The sinking price of oil supported auto, refinery and energy stocks. Reliance Communications led the advancers, with Maruti, Hero Honda and Hindalco also gaining. HDFC and ICICI Bank led the decliners. The wholesale price index rose to 5.01%.
Elena
08 Sep, 2006
New York City
Stock markets advanced modestly at opening, lifted by a sharp decline by crude oil prices, helping to offset inflation worries. Investors were also digesting news that another home builder cut its profit outlook. Lennar lowered its Q3 earnings guidance, joining Beazer Homes and Hovnanian Enterprises.
Elena
08 Sep, 2006
New York City
Stock futures recovered, pointing to a strong opening after two straight sessions of losses. Lennar was another home builder to warn of weakness in the housing market. The company cut its Q3 earnings estimates, projecting profit in a range of $1.25 to $1.35 a share. The lowered guidance is sharply below the $1.81 consensus of analysts. Shares fell 2.9% in pre-market trading.
Ivaylo
08 Sep, 2001
New York City
The decision helped exporters including Toshiba Corp. to regain strength from morning losses while airline shares such as Cathay Pacific and Japan Airlines gained on lower oil prices. Japanese exporters, Nissan Motor and Canon finished slighly in the red but pared sharper losses in morning trading. Australia was the only major market to buck the upbeat trading and close in negative territory.
