123jump.com Staff
13 Apr, 2007
New York City
Google has agreed to pay $3.1 billion in cash to purchase Internet advertising agency DoubleClick. The premium price paid by Google shows its increasing willingess to protect its turf from its rival Microfot and Yahoo at any cost. This is the third deal Google has signed less than three years at a price more than $1 billion.
123jump.com Staff
13 Apr, 2007
New York City
U.S. averages rose on declining trade deficit, positive comments from Cisco and falling oil price. Gold surged $10 on the news that the wholesale prices rose 1% in March on 3.6% rise in food and 8.7% rise in energy cost. General Electric earnings gained 1.5% on revenue gain of 5.6% and reported 44 cents per share earnings. Google agreed to purchase Doble Click for $3.1 billion after the close. Merck jumped 8% on revised earnings outlook and dismissal of class action suit related to Vioxx.
123jump.com Staff
13 Apr, 2007
New York City
General Electric reported earnings of 44 cents per share in the first quarter, up 1.5% on revenue rise of 5.7% to $40 billion. Infrastructure segment reported a solid revenue growth in locomotives, turbines and energy equipment. The subprime lending at GE substantially declined in the quarter and company provisoned $330 million for losses. Commercial finance division reported a revenue gain of 15% and profit boost of 21%.
123jump.com Staff
13 Apr, 2007
New York City
Stocks were mostly higher as investors traded optimistically ahead of next week''s rush of earnings releases. Apple said it would delay the release of Leopard, the next upgrade of its Mac operating system, until October. Apple fell 2%. Morgan Stanley bought 13 hotels from Japanese carrier All Nippon Airways Co. for about $2.4 billion. FCStone Group second-quarter net earnings increase, Sallie Mae is in talks with private-equity firms in a deal that may be worth more than $20 billion.
Elena
13 Apr, 2007
New York City
European stock markets finished in the positive on Friday, lifted by strength among oil stocks and gains in the shares of drug companies. Higher crude-oil prices boosted shares of major oil companies. BP and Royal Dutch Shell both added 2.3%, while Total moved up 1.4%. The U.K.''s FTSE 100 rose 0.7%, the German DAX Xetra 30 climbed 1% and the French CAC-40 gained 0.7%.
Elena
13 Apr, 2007
New York City
The U.S. market averages erased earlier advance, as mixed economic data offset gains generated by upbeat earnings and forecasts, as well as deal speculation. Shares of Sallie Mae climbed 11% amid reports that the largest U.S. student-loan company was in talks to sell itself to private equity firms. Among other companies in focus, Merck stock rose 7.7% on improved forecast, while shares of GE rose 0.7% on in-line Q1 earnings.
Elena
13 Apr, 2007
New York City
General Electric reported 2% increase in Q1 earnings, helped by strong demand for electricity-generating turbines, jet engines and other heavy equipment. GE said its profit rose to $4.51 billion, or 44 cents per diluted share, from $4.44 billion, or 42 cents, a year earlier, meeting analyst estimates.
Elena
13 Apr, 2007
New York City
Wall Street started trading mixed on Friday. On the one hand, the market sentiment was lifted by hopes that the Fed Reserve will cut interest rates to boost the nation''s economy, but on the other, technology shares weighed by a product delay at Apple Inc. The company''s shares dropped 1.2% after it said that the next upgrade of its Mac operating system, Leopard, will be released in October. At the same time, the Dow was supported by Merck & Co. which surged 7.6% on lifted outlook.
Elena
13 Apr, 2007
New York City
U.S. stock futures pointed to a higher opening on Friday, boosted by news of tame core producer prices and positive earnings and forecasts from GM, Merck and McDonald''s. The Labor Department reported that wholesale prices rose 1% in March due to more expensive gasoline and food, while core prices remained unchanged. GM rose 1% before the open after the bellwether''''s Q1 results came in line with expectations. Merck rose 4.3% after lifting its profit forecast for the year.
123jump.com Staff
12 Apr, 2007
New York City
U.S. stocks rose after takeover speculation lifted health-care companies and oil rose. Apparel and luxury retailers posted strong growth in March same-store sales and generally topped analysts expectations amid the run-up to Easter. American Eagle Outfitters jumped 3.1%. Wal-Mart Stores warned it may miss first-quarter earnings expectations Railroads rose for the second day Burlington Northern rose 4.8%, Norfolk Southern added 4.9%, CSX moved ahead 3.9%, and Union Pacific gained 4.4%.
123jump.com Staff
12 Apr, 2007
New York City
Stocks pushed higher as investors looked past warnings of lackluster retail sales and a greater-than-expected increase in weekly jobless claims. apparel retailers showed a better than expected same store sales growth. Mothers Work, Abercrombie & Fitch, Pacific Sunwear, and United Retail reported rising same store sales. Nordstrom reported 15% rise in same store sales. Wal-Mart sales rose 4%. Warm weather and early Easter helped retailers
Elena
12 Apr, 2007
New York City
European stock markets finished slightly lower on Thursday amid weakness in the shares of automakers Renault and DaimlerChrysler, pressured by higher oil prices. Merger news, involving food group Nestle and Nordic exchange operator OMX, failed to lift sentiment. ECB provided some relief by leaving interest rates unchanged. The U.K.''''s FTSE 100 closed virtually flat at 6,416.40, while the German DAX 30 declined 0.1%, and the French CAC-40 slipped 0.1%
Elena
12 Apr, 2007
New York City
U.S. stocks reversed from early losses, as investors turned to bargain hunting, looking past warnings of lighter retail sales in April, losses for Research in Motion and rising oil prices. The major averages benefited from significant strength among biotechnology stocks, led by MedImmune which surged 12% on news that it is considering a sale of the company.
Elena
12 Apr, 2007
New York City
Genentech said Q1 profit surged 68% and sales climbed 43% although sales of two of its key cancer treatments came in lower on a sequential basis. The stock dropped 2.5%. Nautilus tumbled 16.3% after it cut its Q1 earnings forecast to the range of 8 cents to 9 cents a share, down from a previous forecast of 18 cents to 21 cents on revenue of $185 million to $195 million. MarineMax dipped 15% after it sharply cut its 2007 profit guidance. Men''''s Wearhouse fell 6% on disappointing outlook.
Elena
12 Apr, 2007
New York City
Wall Street opened in the negative despite strong retail sales in March. The negative sentiment was generated by warnings of lackluster sales in the month of April. Wal-Mart fell 0.7% following a stronger-than-expected results but a tepid outlook for April. Abercrombie & Fitch added 2.3% after posting 7% growth in March same-store sales, while Pacific Sunwear surged 7% as its same-store sales rose 14%. Pier 1 Imports lost 1% after reporting a decline in Q1 same-store sales and a quarterly loss.
