Elena
13 Sep, 2005
New York City
The trade deficit in goods and services in July was $57.9 billion, down 2.6percent from June. Exports were $106.2 billion, up 0.4 percent, and
imports were $164.2 billion, down 0.7 percent from June.
Electronics retailer Best Buy sent the whole sector down 1.2% on disappointing earnings report and trades 9% lower at the opening.
Elena
13 Sep, 2005
New York City
Asian markets finished mixed with the Nikkei flat on recent gains and China's Shanghai Composite rising to a five-month high of 1.6%. European markets lost ground with the German DAX 30 down 1.7%. Nokia rose 5% on lifted 3Q earnings and sales outlook. Semiconductors led by AMD and SanDisk and FreeScale.
Elena
12 Sep, 2005
New York City
U.S. markets trade mixed on M&A news. Oracle agreed to acquire Siebel System at the total value of $5.85 billion. Wachovia agreed to acquire Westcorp for $3.42 billion. eBay is buying Skype Technologies for $2.6 billion. The tech sector rose by 1%, together with the airline sector which was also up 1%. Energy and gold sectors declined.
Elena
12 Sep, 2005
New York City
Asian markets advanced led by the Nikkei up 1.6% at 12896.43 to a four-year high on Junichiro Koizumi's LDP victory and GDP growth by 0.8%. European markets traded higher at midday . Oracle agreed to acquire Siebel System at the total value of $5.85 billion. Wachovia agreed to acquire Westcorp for $3.42 billion. eBay is buying Skype Technologies for $2.6 billion.
Elena
12 Sep, 2005
New York City
Asian markets advanced led by the Nikkei up 1.6% on Junichiro Koizumi's LDP victory and GDP growth by 0.8%. European markets traded higher at midday . Oracle agreed to acquire Siebel System at the total value of $5.85 billion. Wachovia agreed to acquire Westcorp for $3.42 billion.
Yordanka
10 Sep, 2005
New York City
No deal has been priced for the last two weeks as the summer IPO is traditionally idle in early September. Five companies filed for initial public offerings, among which there are two that are planning auction-style OpenIPOs. There aren
Elena
09 Sep, 2005
New York City
Texas Instruments raised its 3Q earnings and sales outlook. Intel tightened its 3Q guidance range. PalmSource gained as the company agreed to be acquired by Japan's Access for $324.3 million. Energy and gold sectors advanced 1.8% and 2.1% respectively. The overall import prices for August rose 1.3% from 0.8% In July, up from the expected increase of 1.2%.
Elena
09 Sep, 2005
New York City
U.S. markets are trading higher, boosted by major tech companies like Texas Instruments and Intel. PalmSource gained as the company agreed to be acquired by Japan's Access for $324.3 million.Energy and gold sectors advanced, while the transportation sector declined.
Elena
09 Sep, 2005
New York City
Asian markets ended mixed with the Nikkei up 1.3% on tech stocks, China's Shanghai Composite was down 0.4% on profit-taking. European stocks were higher at mid-day on strong semiconductor sector. U.S. giant Texas Instruments raised 3Q outlook, projecting 36 to 38 cents a share. Import prices index for August is awaited.
123jump.com Staff
08 Sep, 2005
New York City
After trading for the most of the day in negative zone, all three averages closed lower. The market got its first glimpse of the decline in crude oil, gasoline and distillate inventories. The smaller-than-expected decline in inventories led oil to drop initially only to rebound as sellers were few. Hovnanian forecasted lower profit in 2006 driving home builder segment lower and Sears Holdings reported earnings below the consensus forecast.
Elena
08 Sep, 2005
New York City
According to the first statistics of Katrina's impact on the energy sector, crude-oil inventories have dropped by 6.4 million barrels for the week ended Sept 2, gasoline inventories have declined by 4.3 million barrels. eBay lost 3.8%, Apple is heading for a new peak, Texas Instruments and Broadcom gained.
Elena
08 Sep, 2005
New York City
Homebuilders advanced after Hovnanian Enterprises posted net income of $1.76 a share for the third quarter , 2 cents below expectations. The company said it expects to post earnings exceeding $7 a share for fiscal 2005. Analysts had forecast earnings of $7.26 a share. Hovnanian slumped 6%. Toll Brothers fell 4.2%, KB Homes shed 3.1% and Pulte Homes lost 3.2%.
Elena
08 Sep, 2005
New York City
South Korea's leading index reached a record high, the Nikkei lost 0.6%. European markets traded near the flat line at mid-day. e-Bay is in talks to acquire privately held internet-telephone company Skype Technologies fot $2 billion to $3 billion.
123jump.com Staff
07 Sep, 2005
New York City
Transportation Secretary reported in a TV interview that two major oil pipelines in the Gulf Region Colonial and Plantation are fully operational. The total network of pipes can reach 2,500 miles and deliver oil to more than eight shipping terminals. From end to end oil travel time can take upto 22 days when fully powered by electricity.
Elena
07 Sep, 2005
New York City
U.S. averages are trading mixed. Energy, steel and some stocks from the tech sector are among the gainers on 0.5% higher oil prices and speculations of rising steel prices by 20%. Telecommunication stocks are trading down.
