Ivaylo
26 Feb, 2007
New York City
Asian stock markets finished mixed Monday, with Japan advancing on gains in Sony and Softbank, but other regional markets declined. HK plunged, while Australia rose on Rio Tinto which led gainers. South Korea advanced, but Singapore fell. After a long break, Taiwan and China resumed trading and ended in positive territory. Taiwan was boosted by gains in the real estate sector.
Elena
26 Feb, 2007
New York City
The biggest electricity producer in Texas announced an agreement to be acquired by a group including Kohlberg Kravis Roberts & Co., Texas Pacific Group, Goldman Sachs and three other firms. The acquisition is worth about $32 billion, including the assumption of $13 billion in debt. If the deal completes, it would be the largest private buyout in U.S. corporate history.
Ivaylo
26 Feb, 2001
New York City
The market broke the four-session losing streak and ended in positive territory today. The Railway Budget set the tone for the day, as the cut in fares and particularly the reduction in freight rates boosted metal stocks. Other sectors that rallied included cement, banking and auto shares, as a rebound in Reliance Industries also helped the market. Gujarat Ambuja and ACC led the gainers, while Bharti Airtel led the decliners.
Ivaylo
26 Feb, 2007
New York City
European markets gained on Monday, dpowered by a combination of firm results, broker upgrades and reports of bid activity. Endemol, the maker of Big Brother and Deal Or No Deal was approached by French group LVMH. Allianz, the biggest insurer in Europe was upgraded on strong full-year results. By mid morning, Frankfurt Xetra Dax added 0.5%, the CAC 40 in Paris gained 0.9% and London FTSE 100 climbed 0.6%.
Ivaylo
26 Feb, 2007
New York City
Corn futures ended lower Friday on the Chicago Board of Trade, while soybean futures finished in negative territory under pressure from commodity fund selling and profit-taking. Gold and silver futures extended their recent gains as follow-through buying from funds continued. Momentum-based buying continued in copper futures helping send copper to its highest level since the first trading day of the year.
123jump.com Staff
24 Feb, 2007
New York City
Concerns realted to weakness in sub-prime loans spread to financial stocks. Several leading financial stocks includning Bear Stearn and Lehman Bros fell sharply. Popular averages closed lower for the third day in a row. Housing stocks fell on the news that KB Home is under criminal investigation for stock options scandal. TXU Corp rose as much as 12% in the after-market trading on the news that KKR is to acquire the utility firm. Loews rose 4% on better than expected fourth quarter earnings.
Elena
23 Feb, 2007
New York City
European stocks ended Friday session higher, lifted by gains for oil companies and resource firms on the back of higher commodities prices. Telecom-equipment maker Alcatel-Lucent also contributed to the upward mood, helping to offset weakness from banking and travel stocks. BP rose 2.7% and Royal Dutch Shell added 1%. Mining stocks Rio Tinto and BHP Billiton advanced 1.5% and 1.3%, respectively. The U.K. FTSE 100 rose 0.3%, the German DAX 30 added 0.3% and the French CAC-40 added 0.2%.
Elena
23 Feb, 2007
New York City
U.S. stocks kept trading in the negative territory, reversing a course of recent gains. Rising oil prices weighed on the sentiment, along with a court ruling that Microsoft must pay $1.5 billion to Alcatel-Lucent to settle a patent dispute. Higher oil prices hit shares of General Electric, United Technology and Caterpillar. Investors were also awaiting speeches by Federal Reserve officials later in the session.
Elena
23 Feb, 2007
New York City
U.S. stock averages started trading slightly lower on Friday, weighed down by a notable advance in crude oil prices. Tech stocks came under pressure on news of a patent ruling against Microsoft Corp. BEA Systems was a notable decliner, falling 7% on lower-than-expected Q1 revenue forecast. Other decliners included Dell, Intel and Microsoft, each down about 1%.
Ivaylo
23 Feb, 2007
New York City
Weakness in the banking sector dragged the FTSE lower on Friday as results from Lloyds TSB failed to impress investors. Lloyds fell despite posting another strong performance in 2006. Firmer metal prices sent mining companies higher, while oil shares gained due to the crude price rising above $61 a barrel. By mid-day, the FTSE 100 had recovered some of its poise and was trading 10 points lower at 6370.2.
Elena
23 Feb, 2007
New York City
U.S. stock futures declined on Friday, pressured by recovering oil prices and patent concerns dragging down software giant Microsoft. Shares of the software maker slipped 0.5% in pre-open trade following a court ruling that it owned Alcatel-Lucent $1.52 billion over a dispute on MP3 music-related patents. Lowe
Ivaylo
23 Feb, 2007
New York City
Asian markets mostly advanced on Friday with the benchmark Nikkei index in Japan extending gains farther above the 18000 mark Seoul and Sydney recording closing-highs. In Japan, shares ended higher on buying due to the increase in commodity prices, while in Hong Kong profit-taking sent stocks lower. In South Korea the stock market continued its winning streak to close at a new high while in Australia takeover speculation sent the market to another record high.
Elena
23 Feb, 2007
New York City
According to a court ruling, software company Microsoft Corp. is obliged to pay $1.52 billion in damages to telecommunications equipment maker Alcatel-Lucent SA for violating two patents which govern the conversion of audio into the digital MP3 file format on personal computers.
Ivaylo
23 Feb, 2001
New York City
Sensex opened with a positive bias above the psychologically important 14,000 level, but plummeted on selling in large-caps. Traders were unwinding long positions, wary ahead of the Union Budget. Bank, cement and pharma stocks were the worst hit with Grasim leading the decliners. Only Tata Steel advanced from the stocks in the Sensex. Wholesale inflation fell to 6.6%. Mukesh Ambani may be forced to inject $2.2 billion in Reliance Industries.
Ivaylo
23 Feb, 2007
New York City
European equity markets turned flat by mid morning on Friday, as support from resource stocks was undermined by profit taking in the financial sectors. The technology sector was led higher by Alcatel-Lucent, which won a suit against Microsoft. Deutsche B
