Elena
12 Apr, 2007
New York City
U.S. stock futures turned lower on Thursday, as investors digested warnings of weak retail sales and data showing higher-than-expected rise in jobless claims. Wal-Mart said its March same-store sales rose 4%, exceeding expectations of 1.6% increase. J.C. Penney Co. reported 10.6%same-store sales rise, boosted by strength in apparel categories. In earnings news, Genentech said Q1 profit surged 68%. Research in Motion fell 7% after it missed forecasts and gave a disappointing profit outlook.
Ivaylo
12 Apr, 2007
New York City
Asian markets finished mostly in negative territory on Thursday, as export-related stocks declined on worries that slower economic growth in the U.S. could hurt demand for their products, but strong gains and earnings expectations buoyed indexes in China and South Korea to record highs. In Japan, stocks fell after minutes of the last U.S. Federal Open Market Committee meeting, indicating possible new rate hikes.
123jump.com Staff
09 Jan, 2008
New York City
Property stocks and gold miners helped the market recoup early losses in Hong Kong trading. Hang Seng index bucked the downtrend in the morning session rising to a six week high at 1.9% or 502.95 at 27,615.85. Gold stocks climbed after record gold price.
123jump.com Staff
09 Jan, 2008
New York City
Stocks in Mumbai edged lower after a rise in the last six days of trading. Sensex in Mumbai closed down 4 or 0.2% to 20,870. Of the stocks traded on BSE, 757 shares advanced, 2,137 declined, and 25 remained unchanged. Of the BSE shares, Reliance Industries declined 0.6% to 3,031.95 rupees. Bharat Heavy Electricals shed 2.02% to 2,443.80 rupees, Larsen & Toubro slid 0.07% to 4,329.8 rupees while Suzlon Energy 1.4% to 2,241.6 rupees.
123jump.com Staff
09 Jan, 2008
New York City
November retail sales in Australia rose 0.8% after a revised October sales increased 0.3%. The news lifted Australian dollar but failed to lift ASX 200 Index in Sydney trading. Investors worried that the U.S. economy may be heading for recession sooner than expected. Commonwealth Bank of Australia, the third bank, to increase intertest rates in the last one week.
123jump.com Staff
09 Jan, 2008
New York City
The Japanese indices lost in the morning trading affected by the overnight U.S. declines, but in the afternoon session investors resumed hunting for bargain buys. In late Tokyo trading, the dollar advanced to mid 109-yen levels. Nikkei 225 bucked a 0.2% decline by mid-day slump to close up 0.49% or 70.49 to 14,599.16, while the broader Topix Index soared 19.26 to 1,422.32.
Elena
12 Apr, 2007
New York City
The biggest food and drink company in the World Nestle announced Thursday that it agreed to buy Gerber Products from pharmaceutical maker Novartis in a deal valued at $5.5 billion. Gerber is the leading company in the U.S. baby-food market with a 79% share. The acquisition will help the company''s nutrition business generate annual sales of close to $8.2 billion. The deal is expected to be completed during the second half of 2007.
Ivaylo
12 Apr, 2007
New York City
The benchmark index opened with a negative bias and soon plunged to an intraday low, but steady buying in Bajaj Auto and Infosys helped to market to recoup losses in late noon deals. Then trading was subdued and the Sensex ended with a loss. Bajaj Auto and Infosys led the advancers, while ONGC and Tata Steel performed the worst. Industrial production advanced 11% in February 2007 from a year earlier, slightly lower than upwardly revised annual growth of 11.4% in January 2007.
Ivaylo
12 Apr, 2007
New York City
European markets declined on Thursday after an overnight drop on Wall Street in response to hints from the Federal Reserve at the possible need for further US interest rate hikes. US stocks dipped on Wednesday as minutes from the Fed
Ivaylo
12 Apr, 2007
New York City
Copper futures gained once again Wednesday, supported by ongoing demand from China. In precious metals trading, gold ended nearly unchanged, and silver ended slightly lower. Platinum and palladium finished higher with help from fund buying. In Nymex energy trading, crude oil futures gained, but contracts for deferred delivery settled lower after the Energy Information Administration posted a mixed inventory report.
123jump.com Staff
11 Apr, 2007
New York City
Stocks tumbled as minutes of the latest Federal Reserve policy meeting showed continued concern about inflation and U.S. realtors forecast a slump in home sales. The Fed officials worried that interest rates hikes may be needed to curb inflation. A strong profit report from blue-chip Alcoa, which kicked off the earnings season, failed to overcome the bearish sentiment. Citigroup fell 1.6%, Wal-Mart down 1.7%, Disney fell 1.7%, and Honeywell closed down 1.6%.
123jump.com Staff
11 Apr, 2007
New York City
U.S. stocks stumbled after minutes from the Federal Reserve''s most recent meeting said more interest rate hikes might be necessary to curb inflation. Benihana climbed 5.9%. Manor Care gained 9% after the operator of nursing homes and rehabilitation centers announced it hired JPMorgan to explore strategic alternatives. Chicos rose 7% on 5% rise in same-store sales.
Elena
11 Apr, 2007
New York City
European stock markets finished in the red on Thursday, pressured by cautiousness on Wall Street ahead of a speech by Fed Reserve Chairman Bernanke. European metals stocks traded mixed, with mining giants Rio Tinto and BHP Billiton losing ground but Xstrata rising 0.8%. Oil companies helped to limit losses, as oil prices kept above $61 a barrel. BP added 0.9%, Total gained 0.7%, Repsol shares rose 1.1%. The U.K.''s FTSE 100 lost 0.1%, the German DAX 30 lost 0.2%, the French CAC 40 fell 0.3%.
Elena
11 Apr, 2007
New York City
U.S. stock market averages moved further to the downside after the U.S. government reported the ninth straight weekly drop in the nation''s gasoline inventories, raising concerns about supplies ahead of the peak driving season. The energy report sent the Dow Jones nearly 80 points lower. General Motors dropped 2.2%, IBM fell 1.3%, Caterpillar lost 1.1%, Citigroup declined 1.8%, and Dupont was down 1%. Housing, biotech and health insurance stocks showed weakness, while gold stocks advanced.
Elena
11 Apr, 2007
New York City
Among notable movers, Biolase Technology, dental and cosmetic laser maker, warned it will post a Q1 loss and lower-than-expected revenue. Company''s shares tumbled 24%. American Medical dropped 13.3% after the company said it will miss its Q1 revenue forecast due to supply chain problems.
