123jump.com Staff
22 May, 2006
New York City
Corning maker of flat panel glass among other advanced materials cautioned investors of production problems. The company still maintained its earnings guidance of 24 cents to 26 cents per share for the quarter. The company forecasted flat TV penetration of 19% in the market and shipment volume target raised from 38 million to 41 million for the year.
123jump.com Staff
22 May, 2006
New York City
Decline in market averages left few stocks in the positive territory. Financials, techs and industrial stocks led decliners in New York. Gold and silver reversed the earlier course and closed higher but copper lost at close. Bausch & Lomb received a tax notice to the tune of $200 million. The company has been caught in a product recall, accounting restatements and a FDA investigation. The stock has lost 30% in two months of trading.
123jump.com Staff
22 May, 2006
New York City
Market averages remained under pressure worldwide. Markets in Asia and Europe closed lower for the second week on the heels of lower metals and oil prices and worries of rising inflation and interest rates. Mittal improved on its offer for Arcelor and offered to cut its stake to 45% of the combined company. Mittal also proposed a $800 million plan to modernise iron ore mine production in Ukraine.
123jump.com Staff
22 May, 2006
New York City
Russian index RTS declined 9.1% for the day and lost 25% in last eight trading days. Market averages have been on the slide for more than two weeks as world prices of metals and oil have come under heavy pressure. Leading oil, metals and telecom companies led the decliners. Gazprom lost 12%. Other emerging markets around the world suffered steep declines. Indonesia lost 6%, Brazil, Mexico and Norway declined close to 5% and India retreated 4%. India lost 20% in less than ten trading days.
123jump.com Staff
22 May, 2006
New York City
Market averages remain under pressure for the second week in a row. Gold and oil fell in the morning trading. European and Asian market closed lower. Japan lost nearly 2% and India plunged 4.2% and Indonesia slid 6%. Germany, UK and France closed below 2% or more. Brazil and Mexico are close to 4% down.
Elena
22 May, 2006
Frankfurt
European markets closed in the red, continuing a downward trend started last week when inflation and higher interest rates weighed. On Monday market sentiment was hurt by a heavy sell-off in the metals and energy sectors, reflecting a decrease in commodities prices. The German DAX 30 slipped 2.2%, the French CAC 40 tumbled 2.56%, and London FTSE 100 dropped 2.2%.
Elena
22 May, 2006
New York City
NYSE offered to acquire Euronext for $10.2 billion, swapping each of its shares for 0.98 share of Euronext and $27.22 in cash. The deal values Euronext at about 5% below its Friday closing price of $95.24, and outbids a rival $82-per-share bid from Deutsche Boerse. NYSE Group fell $3.28 to $61.22, and Nasdaq fell $2.95 to $30.10.
Elena
22 May, 2006
New York City
Inflation concerns as well as a heavy sell-off in commodities stocks sent stock markets lower. Falling oil prices dragged on the energy sector, sending Dow component Exxon Mobil Corp. down 59 cents to $59.86, and ConocopPhillips down 68 cents to $62.04. The gold sector posted a particularly sharp decline, falling by about 3.5%.
Elena
22 May, 2006
New York City
U.S. stock futures opened lower as worries about inflation and higher interest rates weighed. Sharp declines in overseas markets also generated negative sentiment. Lowe''s Cos., home improvement products retailer, reported Q1 earnings rise of 44% to $1.06 a share, up from a profit of 73 cents a share a year ago, beating estimates. Sales soared 20.3%.
Elena
22 May, 2006
New York City
Indian market lost 4.2% at close but dropped 10% in the first two hours of trading triggering trading halt for one hour. Liquidity driven market has lost 20% from its peak on May 10th then Sensex reached 12,612. Asian markets closed lower led by steep declines in Indonesia, Korea, Thailand and Japan. Trading volume on the exchange was light and mutual funds with liquidity stayed on the sidelines. International investors continued to sell.
Elena
22 May, 2006
New York City
The offer launched by the NYSE Group Inc. outbid a rival offer for the European stock exchange operator from Germany''s Deutsche Boerse. The merging of the two stock exchanges would create
Ivaylo
22 May, 2006
New York City
The Nikkei shed 1.8%, although it advanced in early trading. Its gains remained limited, despite the abated concerns about U.S. inflation and the strength o yen against the dollar. Investors still worry about possible interest hikes and the unstable U.S. stocks. Elsewhere across the region, Hang Seng Index shed 2.5%, South Korea''s Kospi Index settled 2.5% lower and Australia''s S&P/ASX 200 lost 0.3%.
Ivaylo
22 May, 2006
New York City
Commodity prices were in retreat, as base metals alongside gold and silver slid. Asian equities were hit in late trading, despite early gains. The banking sector was hit the hardest as investors turned into sellers on concerns that losses might turn into future profits. London
Ivaylo
22 May, 2006
Metals
June gold dipped to a two-and-a-half week low as comments from Federal Reserve
123jump.com Staff
19 May, 2006
Metals
Market averages closed higher led by a late hour rise in Nasdaq. Dell earnings supported rise of 8% in Advanced Micro. Fear of rising interest rates rattled markets around the world as markets in Europe, Asia and Latin America declnied between 5% and 19% during the week. Russia closed 19% lower and India lost 13%. Gold lost 10% and silver lost 12% in the last six trading days. Copper lost 7% in NY trading today. Benihana, Rackable Systems and retailer Hibbett Sporting Goods plunged.
