Elena
28 Mar, 2006
New York City
Asian-Pacific benchmarks finished mostly higher, ignoring worries about interest rate increases. The Nikkei rebounded from early weakness to rise 0.2% to 16,690.24, lifted by technology, metals and retail stocks, while bank and brokerage issues dropped. Taiwan Weighted index rose 0.5%, Hong Kong Hang Seng gained 0.3%, and Shanghai Composite addded 0.2%.
Elena
27 Mar, 2006
New York City
Interest rates were in focus as traders turned their focus to the
outcome of th Fed meeting on Tuesday. Fed has raised interest rates 14
times since June 2004 to 4.5% and is widely expected to raise rate by
a 25 basis points to 4.75%. Tobacco stocks fell as Altria lost 1.2%.
Emerging markets rose led by India gaining 1.2%. Brazil Finance
Minister resigned.
Elena
27 Mar, 2006
New York City
Ahead of Fed Reserve''s decision on interest rates, stocks traded in a lackluster fashion. The Dow and S&P 500 traded below the flat line, while the Nasdaq showed strength. The worst performers were pharmaceutical stocks, dragged largely by AstraZeneca, down 2.9%. Biopharnmaceutical company Encysive tumbled 46.5%. Energy stocks were under pressure on lower oil prices, while airline stocks benefited from the decline. Housing and gold stocks were notable gainers.
Elena
27 Mar, 2006
New York City
U.S. stocks traded mixed on cautiousness ahead of FOMC meeting and Fed Reserve''''s decision on interest rates. Blue-chip stocks declined while tech shares showed some strength with Palm and Apple rising 2%. The drug sector posted weakness with AstraZeneca and Bristol-Myers among the worst performers. Energy stocks were also sent lower by a decline in oil prices.
Elena
27 Mar, 2006
New York City
U.S. stocks opened flat on cautiousness ahead of FOMC meeting and Fed Reserve''s decision on interest rates. Drugstore chain Walgreen, the most important company releasing quarterly results today, posted Q2 profit increase of 6.6%. Among other companies, Alvarion posted narrower-than-expected Q4 loss, Cal-Maine Foods reported Q3 profit rise on sales growth, Retalix posted tripled Q4 income on 52% revenue increase.
Elena
27 Mar, 2006
New York City
U.S. stock futures pointed to a higher opening with investors'' attention focused on FOMC meeting and Fed Reserve''s decision on interest rates. The three main indexes were near five-year highs. In earnings news, Alvarion posted narrower-than-expected Q4 loss, Cal-Maine Foods reported Q3 profit rise on sales growth, Retalix posted tripled Q4 income on 52% revenue increase.
Elena
27 Mar, 2006
New York City
European averages traded below the flat line at mid-day on merger speculations. The French CAC 40 dropped 0.3% with Sanofi-Aventis falling 0.7% on agreement to buy part of a generics drug maker, while Thomson rallied 7.8% on news it would be acquired by private equity firms. The German DAX 30 fell 0.1% and London FTSE 100 lost 0.1% on weak oil shares.
Elena
27 Mar, 2006
New York City
Asian-Pacific benchmarks closed higher Monday. The Nikkei rose 0.5% to 16,650.10, lifted by real-estate and consumer-related issues. Australia All Ordinaries surged 1% to 5,088.1, boosted by merger-and-acquisition acrivity and strong resource stocks. South Korean Kospi gained 0.7% on tech stocks, Taiwan Weighted index rose 0.7%, and Hong Kong Hang Seng added 0.6%
123jump.com Staff
24 Mar, 2006
New York City
Market averages traded in erratic fashion on economic news. New homes sales dropped the most in nine years but durable goods orders rose more than expected. Broader averaged lost of most the gains by learly afternoon and failed to recover for the rest of the session. Lucent is in talks to be acquired by Alcatel and investors sell 90% of the offered shars in the IPO of Tim Hortons on 38% gain at the opening.
123jump.com Staff
24 Mar, 2006
New York City
Restaurant IPOs have not always delivered returns that investors see on the first day, however there are exceptions such as Chipotle Mexican Grill, Mortons Restaurants Group. The Grill doubled on its debut but Mortons rose only 5%. Canadian chain has generated better operating margin and cash flow then its parent Wendys. The company plans to have more than 3,500 locations in Canada and 500 location in the U.S by the year 2008.
Elena
24 Mar, 2006
Frankfurt
European markets advanced Friday, reflecting merger-and-acquisition activity among drug and telecom stocks and U.S. markets gains. German drug maker Bayer rose 1.9% offering 16.3 billion euro to Schering. French telecom company Alcatel was also in the spotlight on talks with Lucent Technologies about a prospective merger deal. The German DAX 30 gained 0.4%, the French CAC 40 rose 0.5%, and London FTSE 100 climbed 0.7%.
Elena
24 Mar, 2006
New York City
Stocks recovered from initial weakness, boosted by disappointing new home sales data which erased interest-rate concerns but the steeper-than-expected drop of 10.5% raised concerns about the housing market. In addition, news that Google will be added to the benchmark index S&P 500 sent the stock up 8.3%, providing further lift to the sentiment. Lucent Technologies also rose 10.6% after its French peer Alcatel confirmed that it was in merger talk with the company.
Elena
24 Mar, 2006
New York City
Stocks recovered from initial weakness, boosted by disappointing new home sales data which erased interest-rate concerns but the steeper-than-expected drop of 10.5% raised concerns about the housing market. In addition, news that Google will be added to the benchmark index S&P 500 sent the stock up 8.3%, providing further lift to the sentiment. Lucent Technologies also rose 10.6% after its French peer Alcatel confirmed that it was in merger talk with the company.
Elena
24 Mar, 2006
New York City
Stocks opened mixed with tech stocks rising on news that Google will be added to the benchmark index S&P 500 on March 31. The company stock rose 8.3%. Lucent Technologies also rose 10.6% after its French peer Alcatel confirmed that it was in merger talk with the company.
Elena
24 Mar, 2006
New York City
Stock futures pointed to a positive start Friday, boosted by news that Google will be added to the benchmark index S&P 500 on March 31. The company stock rose 9%. Lucent Technologies also rose after its French peer Alcatel confirmed that it was in merger talk with the company. In economicnews, February durable goods orders jumped 2.6%, following an 8.9% drop last month, exceeding expectations of 1.5% increase.
