Elena
24 Jul, 2006
New York City
Under terms of agreement AMD will pay $4.2 billion in cash and 57 million AMD shares to acquire all of ATI''s outstanding stock, according to a news release. The new offerings would broaden AMD''s package of products as it takes on Intel. ATI makes chipsets and graphics chips for PCs, as well as a host of semiconductors for consumer products.
Elena
24 Jul, 2006
New York City
Asian markets closed slightly lower as gains for automakers helped limit losses brought by the tech sector. The Nikkei lost 0.18% as signs of strengthening domestic economy and strong June production figures for automakers offset declines among technology stocks. Across the region, Hong Kong
123jump.com Staff
21 Jul, 2006
New York City
Market swings from euphoria to calamity and today it was the day of economic slow down worries. Industrial and tech comapanies, in spite of reporting better earnings, traded lower. Caterpillar reported the best quarter in the company history,but stock fell 1.1%. Slowing economy and rising uncertainity for the coroporate profits does not bode well for near term investors. Dell and semiconductor stocks declined on slowing markets for computer and chips. Dell closed near six-year low.
Elena
21 Jul, 2006
New York City
Stocks dropped on significant weakness for tech stocks, dragged by five-year low for Dell due to disappointing earnings. The semiconductor sector was also weak as Broadcom, communications semiconductors maker, reported Q2 revenue in line with estimates but issued a disappointing Q3 forecast. Swedish telecom equipment maker Ericsson fell 1.7% after reporting weaker-than-expected Q2 sales. Caterpillar said Q2 earnings surged 38%, the strongest financial performance in four decades.
Elena
21 Jul, 2006
New York City
Metals, energy and pharmaceuticals faced a wave of selling for the third time this week. Sensex in India closed down 267 points on the rate hike worries for the coming week. Tata Steel and Larsen & Toubro report rising earnings. For the week Sensex in India lost 5.5%.
Elena
21 Jul, 2006
New York City
U.S. market averages opened mixed, with the Dow and S&P 500 moving modestly higher, but the Nasdaq falling down on weakness in the tech sector. The losses followed a profit warning from Dell which offset better-than-expected quarterly results from Microsoft and Google. Advanced Micro Devices also came under pressure as the chipmaker said Q2 net income totaled $89 million, or 18 cents a share versus $11 million, or 3 cents a share last year.Sales were $1.22 billion, vs. $1.26 billion a year ago.
Elena
21 Jul, 2006
New York City
Stock futures reversed from earlier strength to indicate a flat opening as profit warning by Dell offset strong results from Caterpillar. Shares of Dell dropped 12.3% in pre-market trading after warning that Q2 earnings and revenue would come below forecasts, citing
Elena
21 Jul, 2006
New York City
Crude oil prices declined Friday morning, following comments by the U.S. Federal Reserve Chairman Bernanke that surging oil prices have negative effect both on economic growth and inflation. Oil prices have retreated from recent highs after data showed an increase in U.S. petroleum inventories last week, but there are still lingering concerns about the Middle East crisis.
Elena
21 Jul, 2006
New York City
Asian markets sharply reversed from yesterday
123jump.com Staff
20 Jul, 2006
New York City
Microsoft stock got a lift of 6% in the after-market trading on earnings revision and higher sales forecast. The copmany also reported $20 billion stock repurchase next month. Earnings declined 23.5% but the company forecasted higher sales in the current quarter. The Comany stock has lost 16% since the last earnings release on April 27,on the company plans to spend $2.6 billion for its web properties.
123jump.com Staff
20 Jul, 2006
New York City
A flood of earnings after the close reflect generally rising earnings. Google earnings and revenue rose reflceting a strong demand for online advertising.Excluding one time charges and stock compensation the company earned $2.49 beating the estimates of $2.22 per share. The company also generated net revenue of $1.67 billion after paying its partners, beating the estimates of $1.49 billion. Google earnings were in sharp contrast to Yahoo results.
123jump.com Staff
20 Jul, 2006
Mumbai
It is earnings season on Wall Street. Traders reacted to earnings reports and set aside the interest rate worries. Market averages declied but stock specific trading dominated. Apple surge 12% on the earnings new of 54 cents, Motorola gained 5%, Nokia advanced 3% on earnings news. Intel dropped 7.5% on weaker margins. Railoroads, CSX and Union Pacific declined. Google and Microsoft gained in the after-market trading.
Elena
20 Jul, 2006
New York City
European markets ended slightly higher amid speculations that the U.S. Fed Reserve might put an end to interest-rate hikes. Media stocks like French JC Decaux and Spanish Sogecable led advancers today. The German DAX 30 edged up 0.1%, the French CAC 40 rose 0.4%, while London FTSE 100 lost 0.1%.
Elena
20 Jul, 2006
New York City
Reversing from earlier strength, stocks moved to the downside, with Intel weighing on sentiment with a decline of 4.9%. Quarterly earnings reports failed to support the financial sector. Comerica rose 2.6% after the bank said Q2 net income rose 3% to $1.22 a share from $1.18 a share a year ago, but Wachovia fell 2% after the bank reported 14% profit growth to $1.89 billion on stronger investment and general banking income.
Elena
20 Jul, 2006
Mumbai
Sensex in India rebounded with the markets surging around the world. Markets in Japan, Korea, India, Brazil and Mexico advanced more than 3%. The strong surge in India was not supported by trading volume gains suggesting that the market gain may be short-lived. Reliance and Ranbaxy are two latest large cap companies to report earnings gains.
