albena
23 Aug, 2005
New York City
Stocks opened near the flat line as oil advanced toward $66 and the M&A development news wasn
albena
23 Aug, 2005
New York City
Futures were weaker Tuesday morning, pointing to a lower opening for stocks as climbing oil and the news of a possible acquisition by Wachovia Corp. attracted the most attention. Investors are expecting existing home sales report at 10:00 a.m., which is seen rising for July. The Nikkei fell after hitting an intra-day high.
123jump.com Staff
22 Aug, 2005
New York City
Oil market took stocks on the ride. Stocks gyrated with oil and as oil settled lower at close stocks traded higer but not by much. Light volume on this summer day was reflected across all exchanges with NYSE showing only 1.4 billion shares.
123jump.com Staff
22 Aug, 2005
New York City
Maytag finally agreed to merge with Whirlpool but at a significantly higher price of $21 per share compared to the first bid received at $14 per share from Triton. Triton is not crying, for less than three months of work and simply for offering to buy Maytag it got break up fee of $40 million.
albena
22 Aug, 2005
New York City
Mergers and acquisitions news is driving the market higher, as there are no economic reports scheduled for today. CP Ships, PetroKazakhstan and SBS Broadcasting have each climbed to new 52-week highs on M&A news. Emmis Communications has also reached a new peak on the news that the company has agreed to sell 9 TV stations.
albena
22 Aug, 2005
New York City
Market breadth was positive at the opening though oil prices varied. With only a few earnings reports due to be released and no economic news on the calendar, fresh merger and acquisition activity is in the spotlight Monday. CNPC Intl. said it has agreed to buy PetroKazakhstan for $4.18 billion. SBS Broadcasting agreed to be acquired for $2.6 billion by two private equity companies.
albena
22 Aug, 2005
New York City
With only a few earnings reports due to be released and no economic news on the calendar, fresh merger and acquisition activity is in the spotlight Monday. CNPC Intl. said it has agreed to buy PetroKazakhstan for $4.18 billion. SBS Broadcasting agreed to be acquired for $2.6 billion by two private equity companies. Germany's TUI AG has reached a deal to buy CP Ships Ltd. in a $2 billion deal to create the world's No.5 container shipping company.
123jump.com Staff
21 Aug, 2005
New York City
Despite rising oil prices, the U.S. economy has delivered positive news on labor, housing and GDP front. However trade and budget deficits are another stories. In the coming week market will be watching oil, dollar and earnings from BHP, Heinz, Toro, Petsmart, Intuit, and home builder Toll Bros.
123jump.com Staff
19 Aug, 2005
New York City
Texas Jury awards $230 million in punitive damages in Voixx trial, dragging down Merck and other pharmaceutical stocks with it. Retailers cautious outlook contniued as Ann Taylor and Gap released earnings. Asian and European markets closed lower. Gold and Platinum were trading lower. Autodesk deliver stellar earning growth.
Elena
19 Aug, 2005
New York City
Light sweet crude bounced back to $64.40 rising $1.13 on refinery fire in Venezuela, Ecuador Protests and Iran
Elena
19 Aug, 2005
New York City
Ann Taylor reported a sharp 2Q earnings decline with same-store sales down 6.1%, Gap posted 39% profit jump but lowered full-year earnings outlook.
123jump.com Staff
18 Aug, 2005
New York City
Directionless market meandered for the entire session and in the end closed at flat level. The rebound of oil prices, more warnings from retailers, and dollar strength in Europe was all that market had to digest. Apparel retailer, Limited delivered yet another quarter of disappointment. JDS Uniphase delayed earnings filing for the quarter.
Elena
18 Aug, 2005
New York City
The index of leading indicators increased slightly in July as the Conference Board reported, following a sharp increase in June, which keeps it on a slightly rising trend. Google plans a new share offer.
Elena
18 Aug, 2005
New York City
Worse-than expected weekly jobless report, Asian-Pacific benchmarks in the red, European markets lower at mid-day, oil futures up again, the U.S dollar on a two-week high against the euro and three-day rise against the yen.
123jump.com Staff
17 Aug, 2005
New York City
Higher wholesale inflation kept market nervous during the trading session. Oil fell close t0 4% dragging with it energy and metals and mining stock on lower copper prices. Despite lower oil price of the day, traders worry that oil will only bounce back in the coming days. Nordstrom and Hewlett Packard delivered strong earnings. ANF drops despite higher earnings.
