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
Ivaylo
23 Feb, 2007
New York City
Corn futures hogged the limelight as they climbed to 10-year highs Thursday on the Chicago Board of Trade as a combination of fund and technical buying pushed prices higher. On the New York Mercantile Exchange, high-grade copper futures rallied to their strongest levels since the first week of the year. Gold and silver ended lower after their rally on Wednesday. Palladium peaked but then but could not sustain the level.
123jump.com Staff
22 Feb, 2007
New York City
U.S stocks closed Thursday session mixed, reflecting tempered tech stocks rally and negative sentiment generated by Iran
123jump.com Staff
22 Feb, 2007
New York City
U.S. stocks moved lower, as news that Iran had failed to meet a deadline to stop nuclear enrichment helped push oil prices close to $61 a barrel and offset upbeat merger news and a tech stocks rally. Analog Devices spearheaded the tech advance, trading higher 10% on Q1 earnings rise and upbeat outlook. The Dow Jones Industrial Average moved down 55 points, led by Caterpillar and General Motors.
Elena
22 Feb, 2007
New York City
European stocks gained ground on Thursday, boosted by gains for mining and chemical stocks. Chemicals were led higher by 5.4% gain for BASF. The company
Elena
22 Feb, 2007
New York City
U.S. stocks erased earlier gains to turn lower in late morning trading. News that Iran refused to suspend its uranium enrichment program hurt market sentiment, offsetting a strong rally in the tech sector. However, semiconductors Analog Devices and National Semiconductor continued to trade higher, up 10% and 7% respectively. The Dow was dragged down by Hewlett-Packard, down 1.7%, General Motors, also falling 1.7%, and IBM, losing 1.1%.
Elena
22 Feb, 2007
New York City
U.S. stock markets were driven higher Thursday by merger news and a trademark agreement between Apple and Cisco Systems. Positive sentiment was also generated by a government report that showed the labor market remains strong. Tech stocks were helped by 9% gain for Analog Devices on brokerage upgrade, due to a lifted outlook. Whole Foods jumped 10% after it agreed to buy smaller rival Wild Oats Markets for about $565 million. Shares of Wild Oats surged 17%.
Ivaylo
22 Feb, 2007
New York City
London equity market regained momentum on Thursday as a series of strong earnings reports helped the FTSE 100 back toward the 6,400 level. Large-cap stocks continued to advance, as the market was upbeat on results from BAE Systems and Centrica. The benchmark index, the FTSE 100 rose 0.6% to 6,395.1, a gain of 38 points, helping restore most of the 55 lost from the previous session.
Elena
22 Feb, 2007
New York City
U.S. stock futures pointed to modestly higher opening on Thursday. In pre-market highlights, Whole Foods jumped 7.5% after it agreed to buy smaller rival Wild Oats Markets for about $565 million. Shares of Wild Oats surged 17%. In the tech sector, Cisco Systems and Apple were in the spotlight as the two tech giants managed to settle the issue over Cisco''s iPhone trademark, agreeing to share the name. Apple shares rose 1.5% in pre-market trading, while Cisco gained 0.6%.
Ivaylo
22 Feb, 2007
New York City
The Nikkei in Japan on Thursday crossed the 18,000-point level for the first time in almost seven years on Sony and other exporters rising due to the weaker yen. The Japanese currency dipped after the Bank of Japan raised interest rates but stated future increases would come gradually. South Korea and Australia closed at records, while indexes in Singapore and Malaysia touched intraday highs before giving up gains ahead of the market close.
Ivaylo
22 Feb, 2007
New York City
The market opened with a positive bias but soon dipped into negative territory. It was in the final hour of trading though, that the benchmark index plunged as selling pressure mounted on cement, banking, auto and pharma stocks. Grasim, ACC, Gujarat Ambuja, Hero Honda and Ranbaxy tumbled. Reliance Comm led the gainers, debutant Firstsource soared. Morgan Stanley will spend $425 million to set up its own service platform in India.
Elena
22 Feb, 2007
New York City
Luxury home builder Toll Brothers posted Q1 net income drop of 67% to $54.3 million, or 33 cents a share, down from $163.9 million, or 98 cents last year. The quarterly earnings fell on 19% revenue decline and missed analyst estimate of 29 cents. Revenue fell to $1.09 billion from $1.34 billion.
Ivaylo
22 Feb, 2001
New York City
Insurers supported European equities on Thursday, as markets rebounded from losses in the previous session when concerns over inflation and interest rates made them retreat from recent six-year highs. BAFS was leading the advancers on strong Q4 reslts, Axa and Allianz also contributed to the rally. In early trade, Frankfurt Xetra Dax added 0.7%, the CAC 40 in Paris gained 0.7% and London FTSE 100 climbed 0.6%.
