Elena
01 Sep, 2005
New York City
Stocks trade lower on economic concerns.The consumer spending for July rose 1%. Personal incomes grew 0.3%. Retailers posted better-than-expected sales reports.Wal-Mart's sales increased by 3.3% for August.Indian markets finished at an all-time high, rising 0.9% on software stocks.
Elena
01 Sep, 2005
New York City
Futures dipped in the early going, pointing to a weak opening for stocks after the rally Wednesday as oil slid after the government said it would tap the oil reserve. The ISM business confidence survey for August will be in focus Thursday. Economists see the ISM up to 57.2 from 56.6. Top retailers report August sales results today. IBM has signed a global contract with ABN AMRO worth about 1.5 billion euro over 5 years. Novartis offered $4.5 billion to gain full control of Chiron.
Elena
31 Aug, 2005
New York City
U.S. market averages rebounded on the back of oil majors and slipping oil prices with Exxon Mobil up 54 cents and Conoco Phillips up 2.8%. Insurers and retailers declined as AIG lost 1.3%, Allstate Corp. fell 2% and Wal-Mart lost 38 cents.
Elena
31 Aug, 2005
New York City
Early gains were trimmed after U.S. 2Q economic growth was revised slightly lower to a 3.3% annualized rate vs. 3.4% previously.Tiffany released 53% net income rise on 11% sales growth. United Natural Food posted strong 4Q earnings and sales report. Sanofi-Aventis raised its full-year guidance.
Elena
31 Aug, 2005
New York City
U.S. averages are trading down on Katrina aftermath and ahead of 2Q GDP report, expected to be slightly over last month
Elena
30 Aug, 2005
New York City
Energy stocks are higher, while the housing sector has recently given up most of its earlier gains. The airline and retail sectors top the list of decliners for the morning session.Valero Energy and Chesapeake Energy hit 52-week highs on the surging oil.
Elena
30 Aug, 2005
New York City
U.S. averages lost ground on hurricane damages assessment. Insurance and airline companies lead the decliners. Oil majors gain.Consumer confidence jumped unexpectedly to 105.6 in August from a revised 103.6 in July. Factory orders fell 1.9% in July, a smaller-than expected drop.
Elena
30 Aug, 2005
New York City
U.S. averages trade generally down on volatile crude-oil. Monthly factory orders and consumer-confidence reports are expected later in the day. No important corporate news available. Engineered Support Systems expected to release earnings before the bell.
Elena
29 Aug, 2001
New York City
U.S. stocks rebounded from early losses and trade slightly above the flat line, despite hurricane Katrina causing disruptions of oil production in the U.S. refineries in the Gulf of Mexico. Home Depot gained 2.2%. IBM and Intel edged up 1%. McDonald
Elena
29 Aug, 2005
New York City
U.S. stocks made a weak opening Monday, hurt by crude-oil prices sent above $70 a barrel by raging hurricane Katrina. Oil-sensitive airline companies declined together with automakers Honda, Toyota and insurers like Allianz and Aegon. In the Gaming space Pinnacle Entertainment and Isle of Capri Casinos also dropped. No major earnings or economic releases are scheduled Monday.
Elena
29 Aug, 2005
New York City
Futures are lower and U.S. stocks are poised to decline at opening Monday. Hurricane Katrina and record oil prices are likely to be the main focus during the pre-market hours combined with some fresh corporate news. Intelsat is to buy PanAmSat for around $3.2 billion. Per-Se Technologies Inc. and Wolters Kluwer agreed to acquire NDCHealth Corp in a deal valued at $1 billion. No major earnings or economic releases are scheduled Monday.
123jump.com Staff
29 Aug, 2005
New York City
30% of U.S. domestic oil flows through Port Fourchon which seems to be in the eye of hurricane Katrina. At early morning more than 40% Gulf of Mexico oil and gas production has been shut-down. This morning's landfall of Katrina will tell us for how long these capacities will remain closed. Widespread gasoline shortages are reported in South Florida.
123jump.com Staff
28 Aug, 2005
New York City
As hurricane Katrina gathered speed and strength to level 5, major oil companies have announnced production shut-downs in the Gulf of Mexico region. The region produces 1.5 million barrles of oil per day and 10 billion cubic feet of natural gas. The potential landfall on Monday morning near New Orleans may cause severe weather conditions in and aroud the city.
123jump.com Staff
28 Aug, 2005
New York City
Eighteen percent of the nation's energy flows through a very narrow two-lane highway handling more than 10,000 daily vehicle traffic used by cargo and 6,000 port employees. Now Katrina threatnes to close that down. According to latest EIA report if this road is closed for more than two weeks gasoline prices can skyrocket. Louisiana generates more than $5 billion in taxes to the federal government but very little of that is shared in the local development.
123jump.com Staff
27 Aug, 2005
New York City
1.5 million barrels of oil and 10 billion cubic feet of gas are pumped from the Gulf of Mexico. There are more than 7,000 fields in operations in the region of 650,000 square miles. While few companies have begun to evacuate operational staff from the region on Friday, on saturday evening with the direction of Katrina heading westward Shell, Kerr-McGee, Exxon Mobil, Anadarko Petroleum, Murphy Oil and Devon Energy have announced plans to shut production.
