Elena
06 Nov, 2006
New York City
Consumer goods stocks surged today and helped the benchmark index continue its winning streak. Buying was mainly in large-caps, and some mid-caps also gained. A few cement stocks ended positive on hopes of continued strong demand and a rise in retail prices. Other stocks that gained included stocks in pharma, oil and gas and capital goods sectors. Hindustan Lever led the advance, while Maruti and Bajaj Auto led the decliners. The Central government is likely to cut petrol and diesel prices.
Elena
06 Nov, 2006
New York City
U.S. stocks advanced at opening, boosted by a series of corporate deals in the health-care sector. Abbott Laboratories Inc. said it will acquire Kos Pharmaceuticals for $3.7% billion. Abbott shares fell 1%, while Kos shares soared 54%. Drug wholesaler McKesson said it will acquire rival healthcare concern Per-Se Technologies Inc. Shares of McKesson rose 1% to $49.02 while Per-Se Technologies soared 13%.
Ivaylo
06 Nov, 2006
New York City
Firmer metal prices had miners among the advancers. Xstrata, Vedanta Resources, Rio Tinto and BHP Billiton have all improved. The gaming sector was at the centre of takeover speculation, as Ladbrokes, confirmed it was interested in buying troubled online gaming company 888 Holdings. In early trading, the benchmark index, FTSE 100 gained 45.8 points, or 0.7%.
Elena
06 Nov, 2006
New York City
U.S. stock futures indicated a higher start, recovering from last-week losses, with support given by retreating oil prices and acquisition activity. Four Seasons Hotels received a $3.7 billion buyout bid from investors, including Bill Gates and Saudi Arabia prince. In another deal, McKesson Corp. said it was buying Per-Se Technologies for $1.8 billion.
Elena
06 Nov, 2006
New York City
The deal represents 56% premium on its closing price Friday at $50.09 on the Nasdaq. Through the acquisition of Kos, which reported 2005 revenue of $751.7 million. Abbot aims at expanding it cholesterol drug holdings.
Elena
06 Nov, 2006
New York City
The group of investors buying the forklift division, include Kohlberg Kravis Roberts & Co. and investment bank Goldman Sachs Capital Partners. KKR and Goldman Sachs reached an agreement to assume 400 million euros of liabilities.
Ivaylo
06 Nov, 2006
New York City
Trading in Japan and South Korea was dull, but a weaker yen helped boost the Nikkei 225 Average into positive territory as investors sought out export-related shares such as automakers Toyota and Honda. Indonesia set a fresh record closing high for a sixth consecutive session on strength in banking shares ahead of an expected interest-rate cut this week. Hang Seng Index in Hong Kong set an intraday record before easing slightly to end up. Australia also rose on gains in banks and financials.
Ivaylo
06 Nov, 2001
New York City
European stocks traded higher in early trading on Monday, buoyed by earnings from companies including Irish low-cost airline Ryanair Holdings, oil prices staying below $60 a barrel and amid continued merger-and-acquisition moves. The early positive earnings and deal news helped investors neglect a lower end in the U.S. stock market last week. By mid morning, London FTSE 100 climbed 0.6%, while Frankfurt Xetra Dax gained 0.7%, the CAC 40 in Paris added 0.4%.
Ivaylo
06 Nov, 2006
New York City
Strong U.S. employment data boosted the dollar, providing earlier pressure on gold which then limited the gains of the precious metal. But platinum made the biggest gains among the precious metals this week, advancing 12% from the closing level last Friday on speculation over the launch of a platinum-based exchange-traded fund. Silver reached a new eight-week high and copper also rose.
123jump.com Staff
03 Nov, 2001
New York City
Market averages traded in no clear direction. The conflicting job reports cut the early rally to losses by mid-day trading. Whole Foods reported earings of 28 cents vs. 6 cents a year ago. The company revenue rose to $1.29 billion from $1.12 billion a year ago. The company lowered the same store sales growth targest in 2007 between 6% and 8% from the rate of 11% in fiscal 2006. The stock lost 23% or $14 in Friday trading. FedEx plans to raise shipment rates by 5.5% for the Express service.
Elena
03 Nov, 2006
New York City
European stock markets closed in the positive, boosted by stronger-than-expected U.S. jobs data and gains for financial Gommerzbank. The German DAX 30 advanced 0.29%, led by 4.3% rise in the shares of Commerzbank. The French CAC 40 climbed 0.49%, helped by Euronext. London FTSE 100 ended flat at 6,148.10, pressured by losses for British Airways and Rexam.
Elena
03 Nov, 2006
New York City
U.S. stocks turned mixed, as a rebound in oil prices overshadowed better-than-expected jobs data. Shares of oil companies Exxon Mobil Corp. and Chevron Corp. rose 1.1% and 1.4%, respectively. At the same time, consumer-oriented stocks such as Starbucks Corp. and McDonald''s Corp. slipped 1.8% and 1%.
Elena
03 Nov, 2006
New York City
In a highly volatile trading the Sensex ended the week higher, rebounding in the latter part of trading today from early weakness due to surging ONGC, Infosys and Reliance Industries. Cement, construction and media stocks rallied, while auto and IT shares declined. Inflation rose to over a four month high. Record foreign fund inflows were recorded in October. The Indian rupee today advanced to its highest level against the dollar in more than six months.
Elena
03 Nov, 2006
New York City
Stronger-than-expected employment data in October pushed stocks higher at opening, easing concerns about the fast pace of the U.S. economic slowdown. Economically sensitive shares such as Boeing and United Technologies Corp. advanced 1.2% and 0.7% respectively. Shares of Electronic Arts lifted the Nasdaq and the S&P 500 after the world''s largest video game publisher posted higher-than-expected quarterly revenue. Company''s shares jumped 10%. Whole Foods dropped 21% on sales warning.
Ivaylo
03 Nov, 2001
New York City
Gains for BSkyB helped outweigh losses for British Airways. Rexam led the decliners after it warned it would take a hefty restructuring charge. Tobacco stocks were in demand helped by reports that Japan Tobacco is considering a potential bid for Gallaher. Falling gold prices left Lonmin, Rio Tinto, Xstrata and Anglo American also in the red. AstraZeneca held firm despite demands from shareholders. In mid-session trade the FTSE 100 was 0.2% higher.
