Elena
23 Jun, 2006
New York City
Reportedly, Univision rejected the proposed bid, telling the group it needed to increase its offer. The group''s offer was slightly more than $35 per share and below the $40 per share the company had reportedly been seeking.
Ivaylo
23 Jun, 2006
New York City
Markets in Asia continued to follow American markets Friday morning, as U.S. data, showing the economy may be slowing, weighed Japanese stocks down led by automakers Nissan and Honda and tech exporters including Fujitsu and Hitachi. Analysts said although recent U.S. economy data is bad news for Japanese exporters, large conglomerates are less dependent on stateside consumers than in earlier decades.
Ivaylo
23 Jun, 2006
New York City
Europe
Ivaylo
23 Jun, 2006
Metals
Gold also may have found some difficulties approaching the key $600 psychological area, as it reached overnight $598.30 an ounce and then pulled back. The precious metals may also have suffered a bit from a relatively poor performance by the mining stocks. However it is hard to deny the bearish impact of the dollar jump.
123jump.com Staff
22 Jun, 2006
New York City
Market averages closed lower on rate worries and investors nervousness a week before rate meeting. Averages declined led by a near 1% decline in Nasdaq averages. European and Asian markets closed higher but markets in Latin America close lower. Gold declined $5.60 and crude oil less than 1%. In overnight trading Japan closed 3.4%. Oracle revenue rose 25% and earnings gained 27% meeting the expectations.
Elena
22 Jun, 2006
Frankfurt
European markets closed higher, although British Airways overshadowed the positive trading sentiment. The company closed down 5.9% after the carrier disclosed that the U.K. Office of Fair Trading and the U.S. Justice Department are looking into the carrier and other airlines over pricing and fuel surcharges. The German DAX 30 rose 0.55%, the French CAC 40 gained 0.6%, and London FTSE 100 rose 0.3%.
Elena
22 Jun, 2006
New York City
Stocks traded lower Thursday morning on lingering concerns over an economic slowdown and higher interest rates. In economic news, the Conference Board said its Index of Leading Economic Indicators slipped by 0.6% in May, slightly above forecasts. According to another government report, jobless claims rose by 11,000 to 308,000 last week.
Elena
22 Jun, 2006
Mumbai
The Sensex has gained 15% in the past six trading session as the sentiment in the emerging markets improved due to overnight gains in New York and better-than-expected trade data from Japan. Profit-taking emerged in the late hours of trade, which trimmed gains from large-caps, such as Reliance Industries, Tata Steel and Bajaj Auto.
Elena
22 Jun, 2006
New York City
Stocks opened dslightly lower as some negative news on one of Johnson & Johnson''''s product lines offset optimism about better-than-expected company earnings. Company''''''''s shares fell 1.1%. The airline sector declined on news that the U.K. Office of Fair Trade and the U.S. Department of Justice are probing the airline over ticket prices and fuel surcharges. British Airways dropped 5% in London.
Elena
22 Jun, 2006
New York City
Family Dollar advanced 2.4% in pre-market trading after the company reported better-than-expected Q3 earnings. The discount retailer said income advanced to 37 cents a share from 32 cents in the year-ago period, with sales rising to $1.57 billion from $1.43 billion. The company also raised its full year earnings forecast.
Elena
22 Jun, 2006
New York City
British Airways said it was assisting the Office of Fair Trading and the U.S. Department of Justice with their investigations, with Virgin Atlantic and American Airlines also cooperating with the investigation. European and U.S. officials refused to provide details about the probe. After the announcement BA shares were down 4.9% at 349.75 pence in midmorning trading on the LSE.
Ivaylo
22 Jun, 2006
New York City
Asian markets ended higher Thursday, with Japan''s Nikkei Average surging on gains in export-oriented stocks such as Sony Corp. and Canon Inc. following the release of data showing a jump in Japanese exports in May. Overnight advance on New York contributed to the bullish sentiment.
Ivaylo
22 Jun, 2006
Frankfurt
European stocks rose on Thursday due to strong gains from resource shares and a higher finish to trading on Wall Street that once more gave direction for a market still nervously observing interest-rate direction. The U.K. FTSE 100 index advanced 1%, the German DAX Xetra 30 index added 1.3% and the French CAC-40 index rose 1.1%.
Ivaylo
22 Jun, 2006
Metals
Crude oil futures scrambled back above $70 led by the Energy Information Administration report of a smaller-than-expected weekly production of U.S. gasoline stocks.That fact, combined with a softer dollar and traders, having gone short during the metals'' correction lower earlier this month and booking profits, pushed the metals upward.
123jump.com Staff
21 Jun, 2006
New York City
Market averages maintanied an upward bias on the earnings news from Morgan Stanley, FedEx and Darden Restaurants. Traders appeared less worried on economic weakness as companies reported a solid rise in revenue and earnings. Weekly petroleum report showed a strong gain in inventory but crude oil managed to gain 1.3%. Gold advanced $10. Google gained $15. Brokers Goldman sachs, Bear Stearns and Merrill Lynch advanced. Home builders, tech stocks and transportation stocks gained.
