Elena
14 Aug, 2006
Mumbai
The benchmark index ended the day in a positive territory supported by a drop in oil prices as well as by strong European and Asian markets. Refinery stocks, some auto shares and the metal sector surged. Bajaj Auto led the gainers while Reliance Industries also advanced, together with ONGC and Infosys.
Elena
14 Aug, 2006
New York City
Stocks moved sharply higher at opening as Wall Street welcomed news of a cease-fire between Israel and Lebanon and a significant decline by oil prices. Lower oil prices contributed to significant strength among airline and other transportation stocks. Ford Motor gained 2.9% after Bear Sterns raised its rating on the stock to outperform from underperform, while General Motors lost almost 1% on downgrade from outperform to peer perform.
Elena
14 Aug, 2006
New York City
Among companies, reporting earnings today, The Valspar Corp., coatings specialist, reported Q3 net income rose to 51 cents a share from 44 cents a share a year ago, beating estimates. Dillard''s Inc., department store operator, reversed to Q2 profit of 20 cents a share, up from 15 cents a share loss in the year-ago period.
Elena
14 Aug, 2006
New York City
Light sweet crude for September delivery fell 92 cents to $73.43 a barrel on the Nymex. Natural gas futures fel 25 cents to $7.018 per 1,000 cubic feet. Gasoline futures dropped almost 4 cents to $2.0270 a gallon, and heating oil futures fell slightly to 2.0254 a gallon.
Ivaylo
14 Aug, 2006
New York City
Japanese stocks gained Monday as clothing chain operator Fast Retailing and tire-maker Bridgestone pushed the market higher. Morning blackouts in Tokyo led to a shutdown of the Nikkei stock index but failed to dampen sentiment. Hong Kong and South Korea also finished higher. The Shanghai Composite bucked the trend and ended lower.
Ivaylo
14 Aug, 2006
Frankfurt
European shares gained ground on Monday, after oil prices plunged in electronic trade and mergers-and-acquisition speculation once more reemerged as a market theme.The U.K. FTSE 100 index added 0.6%, the German DAX Xetra 30 index rose 0.8% and the French CAC-40 index increased 0.8%.
Ivaylo
14 Aug, 2006
Metals
Union leaders met with the management on Friday to try to resume formal negotiations.Negotiations are expected to go well into the night. Meanwhile, gold settled lower in a summer dull session. Silver and palladium followed gold down.
123jump.com Staff
11 Aug, 2006
New York City
Market averages declined in the afternoon trading. In the economic news Japan Central Bank left interest rates unchanged at 0.25% as expected by the market. July retail sales in the U.S. rose 1.4% led by 3.5% rise in auto sales and 2.5% rise in gasoline sales. Canadian miner Inco Ltd. attracted sixth bid for all cash offer of C$86 from the Brazilian mining giant CVRD. Pacific Sun, teenage retailer, dropped to $13.60, forty-month low.
Elena
11 Aug, 2006
Frankfurt
European markets finished largely in the negative, dragged by U.S. market losses and further weakness in the telecommunications sector. Deutsche Telekom dropped 3%, Vodafone Group lost 1.8% and BT Group lost 0.3%. Companies in France gained on strong second-quarter GDP figures. The German DAX 30 lost 0.1%, London FTSE 100 fell 0.1%, while the French CAC 40 gained 0.2%.
Elena
11 Aug, 2006
New York City
Stocks were weak Friday morning, reflecting economic slowdown worries. In merger deals, resort operator Intrawest Corp. agreed to be acquired by Fortress Investment Group LLC in a deal worth about $2.8 billion, or $35 a share including debt assumption. The offer represents a 32% premium to the stock''s closing price of $26.51 on Thursday. Company
Elena
11 Aug, 2006
Mumbai
Trading was highly volatile on Friday as there appeared alternate spurts of buying and selling. The benchmark index ended in positive territory after plunging into the red in mid-noon trade after reports of US embassy warned India of a potential terrorist attack. Reliance and Infosys helped the Sensex firm up in late session. Auto, cement, construction shares and power equipment makers were the major gainers.
Elena
11 Aug, 2006
New York City
Stocks moved to the downside, hurt by news that Apple Computer would delay its latest quarterly report because of irregularities related to past stock-option grants. Apple''s shares fell 1%. On Wednesday, UnitedHealth Group Inc. said it would delay filing its quarterly report while it evaluates its stock options granted since 1994.
Elena
11 Aug, 2006
New York City
Stock futures indicated flat to a higher opening Friday as disappointing news from semiconductor companies offset upbeat news from Kohl''s Corp. The specialty department store operator posted Q2 earnings jump of 27.8% to 69 cents per share, up from 54 cents last year on higher revenues, beating estimates. Comparable store sales for the quarter grew 5.5%.
Elena
11 Aug, 2006
New York City
Shares in British Airways PLC rebounded from yesterday
Ivaylo
11 Aug, 2006
New York City
The Japanese government stated before markets opened that GDP advanced 0.2% in the April through June period compared to the previous quarter. GDP had been expected to grow at about double that rate. South Korean index was also down on exporters losing ground, while HK moved up on consumer goods companies faired well.
