Elena
17 May, 2006
New York City
The company also plans to build a new assembly factory in Japan and an engine plant in Canada. The three plants are aimed at meeting 34% increase in annual sales to 4.5 million vehicles a year by 2010. In addition to the new plants, the company will double vehicle production at its plant in Brazil to 100,000 units by 2008, and double output in India to 100,000 by 2007.
Ivaylo
17 May, 2001
New York City
Nikkei index in Tokyo gained 0.2%, breaking six consecutive sessions of losses on positive U.S. economic data. Elsewhere across the region, Hong Kong
Ivaylo
17 May, 2006
Frankfurt
Although New York closed a bit lower, reflecting the weaker-than-expected economic data, Asia markets were upbeat Wednesday. That together with strong earnings reports coming from companies across the region gave stocks a boost. Vivendi raised its full-year estimate and its shares were up 4.9%. EADS, the aerospace company advanced 3% after an upgrade by Deutsche bank. By mid morning, London
Ivaylo
17 May, 2006
Metals
Gold, typically seen as a safe-haven, reacted on the weakness of the dollar led by the release of weak U.S. economic data Tuesday. U.S. index PPI was mixed in view of expectations, and CPI, an even more important inflation report, will get to the market Wednesday. Even though gold has entered a stage of consolidation, further near-term weakness is likely given the large speculative length.
123jump.com Staff
16 May, 2006
New York City
Market averages remained closed to unchanged level at mid-day. Economic data painted mixed picture. Rise in April Inflation at wholesale level was reported at 0.9% but housing starts dropped 7.4% to 1.85 million annual level and factory output rose by 0.8%. Apple lost 3% on the news that Creative Technology has filed complaint and a lawsuit. Deere & Co. reported earnings per share of $3.13 on revenue rise of 2%.
Elena
16 May, 2006
Frankfurt
European markets erased early losses to close higher, supported by defensive healthcare giant companies. The German DAX 30 rose 0.5%, supported by 1.5% gain for Deutsche Post. The French CAC 40 climbed 0.6%, with EADS falling 2.6% after making early gains. London FTSE 100 gained 0.6%, helped by catering company Compass Group, which rose 2.8%.
Elena
16 May, 2006
New York City
U.S. market averages turned mixed as investors digested a number of key economic reports. Wal-Mart Stores Inc. reported Q1 profit rose 6.3% to 63 cents per share, up from 58 cents a year ago, beating estimates of 61 cents. Home Depot posted Q1 profit rise of 19% to 70 cents a share, compared with a profit of 57 cents a share, for the same period a year ago, exceeding expectations of 67 cents a share. NCO Group Inc. rose 39% on news that its chief executuve offered to buy the company for $1B.
123jump.com Staff
16 May, 2006
New York City
Market averages traded in a narrow range as latest economic data indicated mixed economic picture. Apil wholesale inflation rose, housing starts declined but factory output rose. On the earnings front Wal-Mart delivered better than expected earnings, Home Depot falied to meet sales expectations. After the close HP reported net revenue rise of 5% to $22.5 billion and earnings of 51 cents vs. 33 cents a year ago. Applied Materials reported earnings of 26 cents vs. 18 cents a year ago.
Elena
16 May, 2006
Mumbai
Market volatility was at display in cement sector. Cement shares soared in volatile market, as cement companies offered a 5% discount for cement supplies to government projects. Other factors contributing to the market rise were the surging quarterly results, and hopes that the U.S. Fed may cancel its policy of lifting the interest rates.
Elena
16 May, 2006
New York City
Stocks opened modestly higher, following a tame report on wholesale inflation which raised hopes that stabilizing prices will keep the Fed Reserve from raising interest rates. The Labor Department''s producer price index showed that high energy costs have not yet affected core wholesale prices. The overall PPI for April jumped 0.9%, while core PPI grew a lower-than-forecast 0.1%. The yield on the 10-year Treasury note dropped to 5.13% from 5.16% Monday.
Elena
16 May, 2006
New York City
Stock futures were poised to a flat opening with investors awaiting producer prices data. In earnings news, Wal-Mart Stores Inc. reported Q1 profit rose 6.3% to 63 cents per share, up from 58 cents a year ago, beating estimates of 61 cents. Home Depot posted Q1 profit rise of 19% to 70 cents a share, compared with a profit of 57 cents a share, for the same period a year ago, exceeding expectations of 67 cents a share.
Elena
16 May, 2006
New York City
A report released by USA Today identified BellSouth Corp., AT&T Inc. and Verizon Communications Inc., as companies that had complied with a National Security Agency request for millions of customer phone records after the terrorist attacks in 2001. BellSouth denied having assisted the NSA.
Ivaylo
16 May, 2006
New York City
The Nikkei advanced 0.1% soon after the trading started, led by a recovery on Wall Street and a slight weakening of the yen. The advances were lost, however, and the Japanese index plunged into a sixth consecutive losing session of, shedding 0.2% at close. Kospi in South Korea dropped 1.1% and Australian index finished 0.3% lower.
Ivaylo
16 May, 2006
Frankfurt
Volatility prevailed on the market, as London FTSE 100 dropped 0.5 %, along with the CAC in Paris, down 0.3% and Frankfurt
Ivaylo
16 May, 2006
Metals
Market participants remained bullish on the precious metals, though a few decided to take a break. The overall uptrend appears to be unscathed for now despite the drop. There are still signs of strong demand and it will be too early to call the increase has come to a halt. There is some market sentiment, pessimistic of a likely bubble that may copycat the electronic one of the late 1990s because the fundamentals don
