Elena
02 Nov, 2001
New York City
Asian-Pacific markets closed higher, led by the Nikkei, hitting a new four-year peak of 0.2% rise to 13,894,78. European stocks lost ground at mid-day on earnings releases. On the earnings news front, Time Warner reported 80% Q3 profit jump of 17 cents a share on 6% revenue growth. The company said it was lifting its stock buyback plan by $7.5 billion to $12.5 billion.
123jump.com Staff
01 Nov, 2005
New York City
Market ignored better than earnings from Colgate, P&G, CMS Energy, Chesapeake and others. Rise of Fed funds rates, widely expected, dampened market mood as investors turned their focus to infaltion of after solid advances of three days. Domestic auto sales fell in October. Consttruction spending in September declines to 0.5% but stays elevated.
Elena
01 Nov, 2005
New York City
The worst performer of the session has proved to be the Utilities sector,currently down 2.1%, on disappointing Q3 earnings reports from Ameren, PPL Corp, and TXU Corp. Weakness in the Treasury market have also weighed on sentiment with bonds under pressure on the Oct ISM Index, up 84%, the highest since May 2004.
Elena
01 Nov, 2005
New York City
The Commerce Departrment reported that construction spending in October rose 0.5% to $1.12 trillion, hitting an all-time high on lower rates. The Institute for Supply Management issued a report on the U.S. economy''s industrial sector, which said its manufacturing index was at 59.1% in October, down from September''s 59.4%.
Elena
28 Oct, 2005
New York City
The U.S. Commerce Department revealed that Gross Domestic Product for the third quarter grew at an annual rate of 3.8%, an acceleration from the 3.3% growth rate shown during the previous 3-month period, and above expectations of 3.6% increase. Personal consumption expenditures climbed by 3.7% in the third quarter, the government said, an acceleration from the 3.3% growth recorded in the previous period.
Elena
01 Nov, 2005
New York City
Asian markets closed mostly higher, led by Kospi, up 2.7%, followed by the Nikkei, up 1.9%. European stocks consolidated at mid-day on weaker automakers and oil stocks, as well as warning from Dell. The computer giant released lowered preliminary Q3 earnings outlook and revenue far below projections, citing sales decrease. Procter&Gamble and Colgate-Palmolive Co released third-quarter profit rise, beating and in line with estimates respectively.
123jump.com Staff
01 Nov, 2005
New York City
Markets in Asia generally closed higher and in Europe are trading higher. Most of the trading session in Tokyo was closed due to a computer glitch. The world''s second largest stock market by capitalization of $4.5 trillion suffered its last glitch in 1997. Markets in Europe are higher led by rising shares in the U.K. and Switzerland.
123jump.com Staff
01 Nov, 2005
New York City
Last week, oil giants Exxon Mobil, Royal Dutch Sheel, BP, and Chevron, Murphy Oil, Amerada Hess, Kerr-McGee and Conoco Phillips reported a combined third quarter profit of $30 billion. Occidental, Chesapeake and Valero are latest energy sector companies to report a record quarter.
123jump.com Staff
31 Oct, 2005
New York City
In the overnight trading in Japan, Nikkei rose 2% and New Year related rally led 3% rise in Bombay Exchange. European markets advanced by 2% or better in Germany, the U.K., and France. Tech heavy Nasdaq rose 1.46% led by rise of $14 in Google shares. Valero Energy reported profit rise of 90% and Kellogg reported profit of 66 cents. Personal income and spending rose in September.
123jump.com Staff
31 Oct, 2005
New York City
News on postive earnings, falling oil prices and merer news lift market averages. Valero Energy, Kellogg, Cognizant Technology, Humana, Mercury General an ABN Amro reported better than expected earnings. Personal income and spending was reported to be up for the September month supporting retail stocks.
Elena
31 Oct, 2005
New York City
Among the major companies reporting today, oil refiner Valero rose 5.5% on doubled Q3 income, citing high energy prices and 62% revenue growth. Food company Kellogg Co reported an income rise of 66 cents a share, beating estimates of 64. The company raised its full-year guidance. In merger deals, Novartis has agreed to buy Chiron for $5.1 billion. Steve Case resigned from Time Warner Board.
Elena
31 Oct, 2005
New York City
Asian-Pacific markets surged with the Nikkei in the lead, rising 2%, followed by markets in Australia, South Korea, and Hong Kong. European stocks also traded higher, boosted by merger-and-acquisition news. Novartis has agreed to acquire all the remaining public shares of Chiron for $5.1 billion. PMC-Sierra Inc. is buying Agilent Technologies for $425 million.
123jump.com Staff
29 Oct, 2001
New York City
New Delhi was jolted by a series of three bomb blasts in the late evening on Saturday and killed sixty five people and injured eighty ruining Diwali festival. The blast occured at 5:40 PM Indian time. The deadliest blast, since the attack on Indian parliament on Dec 13, 2001 which killed twelve people. The Indian authorities fear the latest attack may be a work of terrorist linked and suppored by Pakistan regime.
Elena
28 Oct, 2005
New York City
The U.S. Commerce Department revealed that Gross Domestic Product for the third quarter grew at an annual rate of 3.8%, an acceleration from the 3.3% growth rate shown during the previous 3-month period, and above expectations of 3.6% increase. Personal consumption expenditures climbed by 3.7% in the third quarter, the government said, an acceleration from the 3.3% growth recorded in the previous period.
Elena
28 Oct, 2005
New York City
The U.S. Commerce Department revealed that Gross Domestic Product for the third quarter grew at an annual rate of 3.8%, an acceleration from the 3.3% growth rate shown during the previous 3-month period, and above expectations of 3.6% increase. Personal consumption expenditures climbed by 3.7% in the third quarter, the government said, an acceleration from the 3.3% growth recorded in the previous period.
