Ivaylo
01 May, 2007
New York City
Japanese stocks declined in subdued trading Tuesday as traders tracked Wall Street where stocks sagged overnight. Traders took profits in recent advancers such as real-estate company Mitsui Fudosan and machinery maker Mitsubishi Heavy Industries, which reported earnings last week. Markets in China, Hong Kong, Singapore, South Korea, Taiwan and Thailand were closed for a public holiday.
Elena
01 May, 2007
New York City
The company posted quarterly profit of $2.51 billion, or 74 cents per share, compared with $2.21 billion, or 63 cents per share a year earlier. The company
Ivaylo
01 May, 2007
New York City
U.S. cocoa futures declined to seven-week lows Monday as beneficial rains falling over West African growing regions raised supply concerns among investors. The Ivory Coast and Ghana account for 70% of the world cocoa production. Gold advanced, silver remained unchnaged, while palladium dipped.
123jump.com Staff
30 Apr, 2007
New York City
Market averages closed lower as worries of inflation overshadowed earnings. Nasdaq closed lower led by a weakness in tech stocks but managed to close 4.3% up in April, S&P 500 gained 4.5% and Dow jumped 5.7% in the month. The broader market paid attention to lower than expected rise in personal income and speding report released by the Commercce Deaprtment. China raised its reserve requirement for banks to cool the fast growing economy and Indian rupee surged 5% in April against dollar.
123jump.com Staff
30 Apr, 2007
New York City
Market averages traded sideways after the morning report of lower than expected grwoth in personal spending and disposal income in March. Humana reported lower but better than expecte earnings in steady increase in medicare plan memberships. Wrigley, gum maker, reported 30% rise in earnings on 27% advance in sales outside the U.S. Hotel operator Hilton reported 29% increase in revenue. ICICI Bank, Indian bank slumped 8% in New York trading on a plan to raise $4.5 billion.
Elena
30 Apr, 2007
New York City
European stock markets finished in the green on Monday, driven higher by gains in the shares of Cable & Wireless and strength among energy-producing conglomerates and utility companies. Eni rose 0.6% after the Italian oil group agreed to buy Gulf of Mexico fields from Dominion for $4.8 B. The German DAX 30 increased 0.4%, the French CAC-40 advanced 0.5%, and the U.K.''s FTSE 100 rose 0.5%.
Elena
30 Apr, 2007
New York City
U.S. market averages traded mixed in late morning trading amid economic reports which revealed tame inflation, as well as weak spending, manufacturing and construction data. The Dow hit another record high, boosted by optimism over corporate profits. 3M and Procter & Gamble led gainers, rising 1% and 2%, respectively. In merger-and-acquisition news, International Securities Exchange surged 42% amid reports that it is in talks to be acquired by Deutsche Boerse for $2.8 billion.
Elena
30 Apr, 2007
New York City
In merger-and-acquisition news, International Securities Exchange surged 41% amid reports that it is in talks to be acquired by Deutsche Boerse for $2.8 billion. In another deal, Dominion Resources agreed to sell its Gulf of Mexico fields to Eni for $4.76 billion.
Elena
30 Apr, 2007
New York City
Wall Street opened in the negative on Monday, as investors digested data which showed tame inflation and spending growth. Upbeat earnings from Verizon Communication and a share buyback from Merrill Lynch failed to give a strong boost. Verizon quarterly results topped expectations but the stock added only 0.2%. Merrill Lynch inched up 0.2% on plans to buy back up to $6 billion of its own stock under a new share repurchase program.
Ivaylo
30 Apr, 2007
New York City
The UK benchmark index is steady after an unsettled morning session, with break up talk cementing Cable & Wireless position as the leading large-cap stock, while strong metal prices are helping miners. The leading index had got off to a weak start as dealers focused on US and China growth concerns, but stocks soon surged tracking the C&W rumours in the weekend press. The FTSE 100 was 0.65% higher at 6,460.
Elena
30 Apr, 2007
New York City
U.S. stock futures moved slightly higher, lifted by upbeat earnings reports and data which showed that core inflation declined. RadioShack posted Q1 earnings rise on lower costs. The electronics retailer said net income jumped to 31 cents per share, up from 6 cents a year earlier, beating estimates of a profit of 14 cents per share. In economic news, personal income rose 0.7% in March, higher that the 0.6% expected by analysts. Core inflation was flat in March.
Ivaylo
30 Apr, 2007
New York City
Asian markets finished mixed on Monday, with export-oriented economies closing on a weaker note on worries over the U.S. growth outlook, while China struck a new record and Australia settled higher on advances in natural-resource stocks. The markets in Hong Kong and South Korea egded lower. Financial markets in Japan are closed Monday, Thursday and Friday for public holidays.
Elena
30 Apr, 2007
New York City
Verizon said its operating revenue rose 6.4% to $22.58 billion from $21.23 billion a year ago. Analysts had been expecting a profit of 53 cents a share on revenue of $22.49 billion. The company said its Verizon Wireless operations helped increase the company''s total number of customers by 14.5% to 60.7 million. The stock added 1.2% in pre-market trading.
Ivaylo
30 Apr, 2007
New York City
The benchmark index opened with a negative bias and plunged in morning deals on fears of equity dilution in ICICI Bank. Later, the Sensex pared losses on strong performance from Reliance Industries, Reliance Communication and IT stocks. A recovery in State Bank of India and HDFC Bank also helped the rebound. Reliance Communicatons led the gainers, while ICICI Bank performed the worst. The government announced that it was considering export of 15 lakh tons of sugar.
Ivaylo
30 Apr, 2007
New York City
European markets traded in positive territory on Monday morning, as Telecom Italia advanced after a deal was made for a minority stake to be bought by Telefonica. Oil and gas companies saw their shares gain slightly, while ABN Amro was lower on an expectation of a decision from a local court. Stocks in Turkey plunged on political tensions. The U.K. FTSE 100 index rose 0.8%, the German DAX Xetra 30 index increased 0.4% and the French CAC-40 index advanced 0.4%.
