Elena
26 Dec, 2001
New York City
Global M&A volume increased 38% to $2.9 trillion in 2005 with Procter & Gamble''s $60.8 B acquisition of Gillette the largest deal of the year. M&A volume in the U.S. and Europe reached $1.1 trillion, Asian-Pacific M&A volume hit a record $474.3 billion, up 46% from $324.5 B in 2004. Initial public offerings of stock around the world climbed 23% to $169.6 B. Europe, Africa and the Middle East were the most active regions, with $66.8 B in IPOs.
123jump.com Staff
23 Dec, 2005
New York City
Bond and gold markets were the only financial markets that showed normal level of activities. Bonds in thin trading rose as durable goods orders rose and new home sales declined. Gold advanced little but demand for gold remained high from India and Middle East. Pace of deal making did not slacken. Texas inst, Affiliated Computers, NBC, Tommy Hilfiger kept bankers busy. Natural gas price fell 10% for the week but copper traded at record and silver and gold traded near record levels.
Elena
23 Dec, 2005
New York City
U.S. stocks traded in a low volume as it was expected with investors reluctant to make any significant moves ahead of the long holiday weekend. The averages modestly advanced at start but failed to build a significant upward momentum, despite news that orders to U.S. factories for big-ticket manufactured goods jumped by the largest amount in six months. In corporate news, Tommy Hilfiger agreed to be bought by Apax Partners for $16.80 a share, or $1.6 billion.
Elena
23 Dec, 2005
New York City
Stock markets ticked up at opening on Ford Motor''''s health-care deal, merger-and-acquisition news, as well as economic data. Ahead of the Christmas holiday investors seem reluctant to make significant moves and only thin trading is expected. In earnings news, General Mills posted Q2 earnings rise of 97 cents a share, exceeding estimates, while American Greetings Corp missed estimates reporting Q3 profit decline, reflecting charges.
Elena
23 Dec, 2005
New York City
November orders for durable goods exceeded expectations with a rise of 4.4% due to orders for civilian aircraf, following a 3% increase in October. Asian-Pacific benchmarks finished mixed with the Nikkei closed in honor of the Emperor''s birthday. Taipei''s Weighted index surged 1.5%, South Korean Kospi climbed 0.6%, led by Samsung Electronics, up 1.7%. European stocks advanced at mid-day with London''s FTSE 100 hitting a four-year peak of 0.1% to 5,600.
123jump.com Staff
22 Dec, 2005
New York City
Traders showed interest in buying stocks on the rise in personal income, limited rise in inflation deflator, and unexpected fall in unemployment claims. Positive news on earings from RedHat, A G Edwards, General Mills, Paychex, ConAgra supported a broad rise in equities. American Greetings, Bed Bath & Beyond and Micron Tech disappointed the market.
Elena
22 Dec, 2005
New York City
Thursday morning session was one of low trading volume with stocks rising at opening and then easily losing steam. U.S. market averages struggled but failed to build upward momentum as investors digested upbeat economic data which eased inflation worries against mixed corporate news from the tech sector. Micron Technology threatened the tech sector, releasing a disappointing report, while a better-than-expected profit rise of Research in Motion, provided support.
Elena
22 Dec, 2005
New York City
The Commerce Department reported that personal income in November rose at a seasonally-adjusted rate of 0.3% compared with a growth rate of 0.5% in October. Personal spending also climbed 0.3%, following a 0.2% increase the previous month. In another report the Labor Department stated that initial jobless claims declined 13,000 to 318,000 for the week ended Dec 17 versus expectations of a more modest dip to 325,000.
123jump.com Staff
22 Dec, 2005
New York City
A familiar pattern of trading may be repeated today on a day of light trading ahead of holidays. Earnings news from maker of BlackBerry, General Mills, ConAgra, A G Edwards and American Greetings to dominate news. ALbertson is reported to have broken-off the company sale talks. Oil is likely to trade higher at the opening.
123jump.com Staff
21 Dec, 2005
New York City
Final read on Q3 GDP was lowered to 4.1% from 4.3% by the Department of Commerce. The latest read on GDP was another indiaction that economic growth is steady despite several shocks from hurricanes, energy prices and outsourcing trends to China and India. Joy Global, Federal Express, Jabil Circuit and CarMax reported stronger than expected earnings.
Elena
21 Dec, 2005
New York City
Wednesday morning session broke the recent lackluster trading pattern with averages rising on intense merger-and-acquisition activity in the technology and pharmaceutical industries, robust third-quarter GDP growth of 4.1%, easing inflation concerns and strong quarterly earnings from FedEx which posted 33% net income rise for the Q2, well above expectations.
Elena
21 Dec, 2005
New York City
A raft of merger-and-acquisition news lifted market sentiment. Tech stocks gained after computer hard-drive maker Seagate said it will pay $1.9 billion in stock for rival Maxtor Corp. In earnings news, FedEx posted 33% net income rise for the Q2, well above expectations. The company lifted its full-year earnings outlook. Nike Inc reported that Q2 profit advanced 15% to $1.14 a share on 10% revenue growth, beat estimate.
Elena
21 Dec, 2005
New York City
The U.S. economy grew at fastest pace in a year and a half according to a report, released by the Commerce Dept. The third-quarter GDP rose at an annual rate of 4.1%, despite surging oil prices and hurricanes, following a 3.3% rise in Q2. In earnings news, athletic footwear, Nike Inc reported that Q2 profit advanced 15% to $1.14 a share on 10 revenue growth, beating analyst estimate. ATI Technologies reported an 88% decline in quarterly profit, despite revenue growth, exceeding expectations.
123jump.com Staff
20 Dec, 2005
New York City
Better than expected decline at wholesale level inflation and stable housing construction report failed to excite the market. November PPI drops 0.7% and core PPI rose only 0.1%. Reflecting healthy construction market single family housing starts for November show robust gains. Nike and Morgan Stanley deliver strong earnings. General Motors shares drops below $20 for the first time since 1987.
Elena
20 Dec, 2005
New York City
Strong quarterly results from Morgan Stanley and better-than-expected wholesale inflation data supported market in early going, raising hopes for more buying but investors locked in before-year-end gains and stocks turned mixed, dragged by weak tech stocks, General Motors drop, and oil prices rise.
