123jump.com Staff
24 Mar, 2006
New York City
Restaurant IPOs have not always delivered returns that investors see on the first day, however there are exceptions such as Chipotle Mexican Grill, Mortons Restaurants Group. The Grill doubled on its debut but Mortons rose only 5%. Canadian chain has generated better operating margin and cash flow then its parent Wendys. The company plans to have more than 3,500 locations in Canada and 500 location in the U.S by the year 2008.
Elena
24 Mar, 2006
Frankfurt
European markets advanced Friday, reflecting merger-and-acquisition activity among drug and telecom stocks and U.S. markets gains. German drug maker Bayer rose 1.9% offering 16.3 billion euro to Schering. French telecom company Alcatel was also in the spotlight on talks with Lucent Technologies about a prospective merger deal. The German DAX 30 gained 0.4%, the French CAC 40 rose 0.5%, and London FTSE 100 climbed 0.7%.
Elena
24 Mar, 2006
New York City
Stocks recovered from initial weakness, boosted by disappointing new home sales data which erased interest-rate concerns but the steeper-than-expected drop of 10.5% raised concerns about the housing market. In addition, news that Google will be added to the benchmark index S&P 500 sent the stock up 8.3%, providing further lift to the sentiment. Lucent Technologies also rose 10.6% after its French peer Alcatel confirmed that it was in merger talk with the company.
Elena
24 Mar, 2006
New York City
Stocks recovered from initial weakness, boosted by disappointing new home sales data which erased interest-rate concerns but the steeper-than-expected drop of 10.5% raised concerns about the housing market. In addition, news that Google will be added to the benchmark index S&P 500 sent the stock up 8.3%, providing further lift to the sentiment. Lucent Technologies also rose 10.6% after its French peer Alcatel confirmed that it was in merger talk with the company.
Elena
24 Mar, 2006
New York City
Stocks opened mixed with tech stocks rising on news that Google will be added to the benchmark index S&P 500 on March 31. The company stock rose 8.3%. Lucent Technologies also rose 10.6% after its French peer Alcatel confirmed that it was in merger talk with the company.
Elena
24 Mar, 2006
New York City
Stock futures pointed to a positive start Friday, boosted by news that Google will be added to the benchmark index S&P 500 on March 31. The company stock rose 9%. Lucent Technologies also rose after its French peer Alcatel confirmed that it was in merger talk with the company. In economicnews, February durable goods orders jumped 2.6%, following an 8.9% drop last month, exceeding expectations of 1.5% increase.
Elena
24 Mar, 2006
New York City
For the week market consolidated and gained 0.8%. Construction, metals and mining and banking stocks enjoyed sharp gains. Steady demand of stocks from local and foreign investor kept index at record levels. Index crossed for the first-time 11,000 this week and gained last 1,000 points in less than 30 trading days. Previous rise of 1,000 points took 48 trading days.
Elena
24 Mar, 2006
Frankfurt
European stocks traded higher at mid-day supported by merger-and-acquisition talk among drug makers and telecom-equipment companies. The German Bayer offered 16.3 billion euro to Schering, exceeding the bid from its rival Merck. The French Alcatel is reportedly in talk with Lucent Technologies for a potential deal. The German DAX 30 gained 0.2%, the French CAC 40 rose 0.4%, and London FTSE 100 climbed 0.6%.
Elena
24 Mar, 2006
New York City
Asian-Pacific benchmarks finished mostly in the positive. The Nikkei rose 0.4% on real-estate stocks which were boosted by economic data, showing that commercial land prices rose for the first time in 15 years. South Korean Kospi reversed from early losses to rise 0.7%, Taiwan Weighted index added 0.2% on steel stocks, while Shanghai composite fell 0.6% and Hong Kong Hang Seng dropped 0.4% on interest-rate concerns.
123jump.com Staff
23 Mar, 2006
New York City
Market averages remained under pressure on twin economic reports. Sales of existing home rose 5.2% in February on warm weather and labor market reported 11,000 lower claims for the previous week. Interest rates worries pushed index at mid-day near lows for the session. Home buidlers registered a strong advance. Gasoline prices rose as crude rose. Mexico and Brazil suffered losses. S&P plans to add Google to S&P 500 index at the end of March replacing Burlington Resources.
123jump.com Staff
23 Mar, 2006
New York City
In Latin markets, Brazil lost its upward momentum and Mexico declined after a rise in eight trading session. Trading in both the leading markets in the region was choppy. Mexico traded on the worries of interest rates rise in the U.S. and Brazil can not shake-off the potential fall out from the political graft scandal. Phillippines traded near record levels.
123jump.com Staff
23 Mar, 2006
New York City
Equity markets traded weak in the early afternoon trading. However, metals markets remained firm and traded near recent peaks. Silver supply remains tight but speculators on the recent news of the possible launch of ETF have bid the price to all-time high. Crude oil jumped 3% and natural gas rose on inventory report.
Elena
23 Mar, 2006
Frankfurt
European averages closed mixed, reflecting weakness on Wall Street and declines in retail and utility stocks, counteracted by gains in the mining sector on continuously strong metals prices. The German DAX 30 rose 0.3%, the French CAC 40 was flat, and London FTSE 100 fell 0.3%.
Elena
23 Mar, 2006
New York City
Tech stocks were pressured by warning from Adobe which fell 2.7% on disappointing guidance. Transportation stocks were the biggest losers, dragged largely by trucking stocks with YRC Worldwide falling 15%. Defense stocks like Boeing and United Technologies were also weak. A sharp advance in oil prices sent oil stocks higher with ConocoPhillips up 1.3%. Homebuilders rose, following an upbeat existing sales report. KB Homes gained 2%.
Elena
23 Mar, 2006
New York City
Stocks traded lower on disappointing guidance from software maker Adobe Systems and a report which showed an unexpected drop in jobless claims and raised inflation and interest-rate concerns. ConAgra Foods posted a Q3 loss of 6 cents a share from a profit of 32 cents a year-earlier. General Mills reported Q3 profit rise of 7% to 68 cents a share on 3% net sales growth, beating expectations.
