Elena
11 Nov, 2005
New York City
The U.S. Treasury market is closed today for the Veterans Day holiday. No economic news is due out. On the corporate news front, Dell posted quarterly profit decline of 28% and projected Q4 earnings slightly below estimates, but the company said it plans to boost its repurchase program during the fourth quarter, buying back at least $1.7 billion. DreamWorks Animation, computer generated films producer, reversed to Q3 net loss on strong revenue decline, missing analyst estimate.
Elena
11 Nov, 2005
New York City
Asian-Pacific markets closed higher, led by South Korean Kospi, rising 1.8% to an all-time high on tech stocks. Thre Nikkei gained 0.5% on GDP data. European stocks traded higher at mid-day on falling oil, automakers and tech stocks. After the closing bell the global biggest personal computer maker Dell posted a quarterly profit decline of 28% and projected fourth-quarter earnings slightly below analysts expectations.
123jump.com Staff
10 Nov, 2005
New York City
AFTER THE CLOSE: Kohl''s reported Q3 45 cents vs. 39 cents. Pacific Sunwear reported Q3 of 54 cents vs. 44 cents on 14% higher revenue. News Corp earnigs without the accounting charges fell to 7 cents from 19 cents a year ago and to a loss of 22 cents including the one-time charge. Dell Q3 profit fell to 25 cents from 33 cents on 11% rise in revenue.
Elena
10 Nov, 2005
New York City
Crude oil prices dropped below $58 a barrel on rising inventories and unusually warm weather. Falling crude sent shares of oil majors like Exxon Mobil, BP, and ConocoPhillips lower. On the economic news front, the Commerce Dept revealed that the U.S. trade deficit jumped to a record $66.11 billion in September, compared to a revised $59.35 billion recorded for August. Economists had expected a more moderate widening.
Elena
10 Nov, 2005
New York City
The Commerce Dept report showed that the U.S. trade deficit jumped to a record $66.11 billion in September, compared to a revised $59.35 billion recorded for August. Economists had expected a more moderate widening. Another economic report revealed that for the week ended Nov 5, initial jobless claims advanced 2,000 to 326,000. Economists had expected a level of around 320,000.
Elena
10 Nov, 2005
New York City
Asian-Pacific Markets closed mixed with the Nikkei unchanged on economic data and China''''s Shanghai Composite the biggest decliner, down 1.8%. European stocks traded higher at mid-day, led by the German DAX 30, up 0.6%. Siemens AG posted a 88% decline in Q4 profit. General Motors said it will have to restate earnings after overstating 2001 profit by up to $400 million.
123jump.com Staff
09 Nov, 2005
New York City
AFTER THE CLOSE: Cisco reported 20 cents vs. 21 cents in the fiscal first quarter. Cosi Inc, restaurant chain, reported loss of 6 cents vs. 12 cents in the third quarter. JDS Uniphase reported loss of 4 cents vs. 10 cents a year ago. Tho stock jumps 4%. Whole Foods reported same store sales up 13.4%, increases dividend and issues special dividend of $4 and earnings of 13 cents vs. 45 cents and a two-for-one stock split. Mittal Steel reported 64 cents vs. $2.07 a year ago.
Elena
08 Nov, 2005
New York City
Auto parts maker Visteon caused concerns over the automotive sector, reporting third-quarter narrower loss of $1.58, but missing analyst expectation of a more modest loss. Home builder Toll Brothers is another disappointment of the day as the company projected lower sales and profit for the following year.
Elena
09 Nov, 2005
New York City
Heating oil futures reached a four-season high and lifted crude oil prices back over $60 a barrel. The Department of Energy reported Wednesday that crude oil inventories climbed by 4.5 million barrels for the week ended Nov 4, rising to 323.6 million.but distillate inventories, which include heating oil for the winter season, fell 100,000 barrels to 120.8 million barrels.
Elena
09 Nov, 2005
New York City
Federated Department Stores posted that Q3 profit jumped fivefold on large asset-sale gains, and reaffirmed its financial forecast for the fourth quarter. Pixar Animation Studios Inc reported a rise in quarterly profit and revenue above Wall Street expectations. Pharmaceutical company Bayer released strong quarterly eranings of 493 miillion euros on 19% revenue growth, beating estimates of 291 million.
Elena
09 Nov, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei up 0.3%, supported by tech stocks. Hong Kong was the biggest gainer, up 1.4%. European stocks turned lower at mid-day, dragged by telecom stocks. Pharmaceutical company Bayer released strong quarterly eranings of 493 miillion euros compared with 52 million a year ago on 19% revenue growth, beating estimates of 291 million.
123jump.com Staff
08 Nov, 2005
New York City
Toll Bros earnings and revenue guidance took market by a surprise. Traders wasted no time in driving the stock lower by 14% and took down Lennar and Beazer with it down 5%. It was only less than 60 days ago that some of the insiders had sold the stock. Volatile oil. Bond yields rose to 4.567%. AFTER CLOSE: Pixar reports 22 cents vs. 19 cents, stock jumps 6%. McKesson reports 53 cents vs. 29 cents a year ago. Blue Nile reports 13 cents vs. 9 cents a year ago, stock fell 4.5%.
Elena
08 Nov, 2005
New York City
Auto parts maker Visteon caused concerns over the automotive sector, reporting third-quarter narrower loss of $1.58, but missing analyst expectation of a more modest loss. Home builder Toll Brothers is another disappointment of the day as the company projected lower sales and profit for the following year.
Elena
08 Nov, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei declining 0.2% on lower oil and banking shares sell-off. European stocks advanced at mid-day on automakers and Sanofi-Aventis. Luxury home builder Toll Brothers released record fourth-quarter revenue, but lowered sales and profit guidance for 2006. French drug maker Sanofi-Aventis reported 29% profit growth on 12% higher sales, reaffirmed its 2005 earnings outlook.
123jump.com Staff
07 Nov, 2001
New York City
For the last three sessions, rising yields on ten-year bond and falling price of crude has been the theme. Energy sector after rising for a week has begun to move lower. TXU Corp rose 7% on stock split and confirmed earnings guidance. Casino stocks advanced during the session as Singapore released financial terms for the casino project on the island. AFTER THE CLOSE: El Paso Energy reports wider loss. NetEase reports 8 cents, stock falls 15%.
