Elena
25 Jan, 2006
New York City
Asian markets closed higher, led by South Korean Kospi and Taiwan Weighted index, each rising 1.2%. The Nikkei finished flat, while Hong Kong was the only decliner with a loss of 0.07%. European averages gained ground with the U.K.''s FTSE 100 in the lead, rising 0.8%. In earnings news, Bristol-Myers posted higher Q4 profits, citing a lower tax rate. Colgate-Palmolive reported profit above estimates. Kerr-McGee''s Q4 profit jumped on rising energy prices and gains from asset sales.
123jump.com Staff
24 Jan, 2006
New York City
Market traded in the positive zone for the most of the session as fresh batch of earnings from railroad, industrial and select tech companies met or exceeded earnings guidance.Late in the day Disney and Pixar released the details of the most awaited deal. Steve Jobs to become largest shareholder of Disney. Disney will issue 2.3 share for every Pixar stock and Disney will boost its stock buyback from 225 million to 400 million.
Elena
24 Jan, 2006
New York City
Earnings reports from major companies and oil decline kept stocks in the positive. 3M Co. reported Q4 profit rise, but missed estimates. DuPont beat expectations, despite its Q4 decline. The chemicals company forecast disappointing Q1 earnings. McDonald''''s quarterly profit and J & J''''s income rise met expectations. Lexmark posted 47% profit drop in Q4 but beat estimates. United Tech posted higher Q4 profit on 14% revenue growth.
Elena
24 Jan, 2006
New York City
Stocks opened higher on mostly positive earnings reports from major companies. 3M Co. reported Q4 profit rise of 99 cents a share, but missed estimates. DuPont beat expectations, despite its Q4 decline. The chemicals company forecast disappointing Q1 earnings. McDonald''s quarterly profit and J & J''s income rise met expectations. Lexmark posted 47% profit drop in Q4 but beat estimates. The company plans to cut about 825 jobs and freeze its U.S. pension plan. The stock gained over 8%.
Elena
24 Jan, 2006
New York City
Asian markets rebounded from last-week sharp losses. The leading gainers were South Korean Kospi, surging to 2.3% and the Nikkei, up 1.9% at 15,648.89. European averages traded in a tight range at mid-day with the German DAX 30 flat at 0.03%, while the French CAC 40 down 0.2%. In earnings news, American Express reported Q4 profit decline of 59 cents a share from 71 cents a year ago, despite a 9% revenue growth. AirTran Holdings posted Q4 net loss, despite a 46% rise in revenue.
123jump.com Staff
23 Jan, 2006
New York City
After a steep sell-off in the large cap and tech stocks in the previous, market opened higher in the morning. Ford and General Motors closed higher by 5% and 9% respectively on initial market reaction to the Ford restructuring plan. Supreme Court refused to hear patent dispute case between RIMM, maker of BlackBerry, and NTP.
Elena
26 Jan, 2001
New York City
Stocks rallied Thursday morning, lifted by better-than-expected earnings and positive data that signaled economic growth. With 54% rise in Q4 profit, Caterpillar counteracted General Motor''s heavy losses in the fourth quarter and full-year. The automaker posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted a Q4 earnings rise in line with estimates. First Data rose 7% after it said it will spin off its Western Union business to shareholders.
Elena
23 Jan, 2006
New York City
Ford Motor was in the focus Monday morning as it brought enough optimism to revive market sentiment after Friday''s selloff. The company posted better-than-anticipated earnings which counteracted the quarterly decline of Bank of America. The bank posted Q4 2% profit decline on loan losses and weak trading results. Bear Stearns raised its rating on Internet media company Yahoo to outperform from peer perform. UBS cut Citigroup to neutral from buy.
Elena
23 Jan, 2006
New York City
Stock averages started in the positive, supported by easing oil prices and better-than-anticipated earnings report from Ford which counteracted the quarterly decline of Bank of America. Ford Motor rose 7% on Q4 profit rise of 8 cents a share vs. 6 cents a year ago, beating estimates by a penny. Bank of America posted Q4 2% profit decline on loan losses and weak trading results. Bear Stearns raised its rating on Internet media company Yahoo to outperform from peer perform.
Elena
23 Jan, 2006
New York City
Asian-Pacific benchmarks fell across the region on higher oil prices and U.S. markets decline. The Nikkei dropped 1.2%, followed by Taiwan Weighted index down 1.7% and Hong Kong''s Hang Seng, down 1.4%. Markets in Europe were also weak with the French CAC 40 the leading decliner, down 0.9%. In earnings news, Bank of America posted Q4 2% profit decline on loan losses and weak trading results. Ford Motor rose 7% following a better-than-expected earnings report.
123jump.com Staff
20 Jan, 2006
New York City
Market was under pressure at the opening and averages declined sharply near close. Dow closed down 1.96%, Nasdaq down 2.35% and S&P down 1.84%. Google dropped 8.5% and closed below $400 for the first time in two months. Key Corp, Johnson Controls and Schlumberger beat earnings forecasts. Semiconductors, techs and banking stocks faced widespread selling, however casinos rose during the day. BlackRock surged 7% on rumoured merger with Morgan Stanley. Dow erased its gain for the year 2006.
Elena
20 Jan, 2006
New York City
Stock averages tumbled Friday morning, hurt by lackluster earnings reports from Citigroup and General Electric, as well as disappointing outlook from Motorola and rising oil prices. Motorola reported Q4 better-than-expected profit, but missed sales growth estimates. GE''''s adjusted earnings met estimates, but revenue figures disappointed. Citigroup posted Q4 30% profit rise, but adjusted earnings missed estimates.
Elena
20 Jan, 2006
New York City
U.S. stocks opened lower, hurt by lackluster earnings reports from Citigroup and General Electric, as well as disappointing outlook from Motorola and rising oil prices. Motorola reported Q4 better-than-expected profit, but missed sales growth estimates. GE posted adjusted earnings of 55 cents a share, matching estimates, but revenue figures disappointed. Citigroup posted Q4 30% profit rise, but adjusted earnings of 98 cents missed estimates.
Elena
20 Jan, 2006
New York City
Asian markets closed largely higher, lifted by strong close of U.S. markets. The Nikkei rose 0.8%, South Korean Kospi climbed 0.8%, Singapore Straits Times gained 0.55%. European averages traded mostly higher at mid-day, led by London''s FTSE 100 with an advance of 0.6%. The German DAX 30 slipped 0.1%. Motorola reported Q4 better-than-expected profit, but missed sales growth estimates. GE posted adjusted earnings of 55 cents a share, matching estimates, but revenue figures disappointed.
123jump.com Staff
19 Jan, 2006
New York City
Declining housing starts, higher crude oil inventory and falling claims of unemployment added to the market momentum created by a batch of positive earnings. After a disappointing earnings from tech companies markets digested positive earnings from Merrill Lynch, Harley davidson, IGT, Advanced Micro Devices and others. Motorola reported 47 cents vs. 26 cents, Capital One reported 97 cents vs. 77 cents and Rambus reported 9 cents vs. 6 cents a year ago.
