Elena
03 Apr, 2007
New York City
U.S. market averages posted solid gains in early trading, with the Dow Jones industrials adding more than 120 points. Stocks benefited from falling oil prices, as well as signs of improving housing market. Homebuilders rose after the rise in pending home sales. Pulte Homes rose 3.2%, KB Home rose 3.1%, and Toll Brothers gained 3%. Shares of online music seller Napster jumped 7% after announcing that its Q4 results will beat its own estimates.
Elena
03 Apr, 2007
New York City
U.S. stocks rallied at opening Tuesday, extending recent gains. Market sentiment was boosted by data showing higher-than-expected February pending homes sales, suggesting the housing market was stabilizing. A notable decline in crude oil prices amid easing tensions between the UK and Iran also gave a boost. Consequently, shares of oil companies moved lower, with Exxon Mobil losing 0.5%. Among other Dow components, Altria Group and United Technologies gained, up 1% each.
Ivaylo
03 Apr, 2007
New York City
Takeover speculation in the utilities sector helped the FTSE 100 higher on Tuesday amid talk of a possible bid for Scottish & Southern Energy. Miners are going well, led by Kazakhmys, Lonmin and Xstrata on better copper prices. Water utilities also made gains following an upbeat trading statement from Severn Trent. The FTSE 100 was up 0.45% to 6,344 in afternoon trade.
Ivaylo
03 Apr, 2007
New York City
Asian stocks ended higher Tuesday, with increases in corporate earnings and demand from securities funds driving China to a record close, while Japanese Nikkei average advanced on the auto and commodities-related sectors. Gainers included Sony and Nikon, while Honda led the autos higher. Hong Kong and Australia also gained.
Elena
03 Apr, 2007
New York City
U.S. stock futures indicated a higher opening, supported by a notable decline in crude oil prices. On Tuesday, automotive stocks are expected to be in focus as the U.S. automakers are due to release March sales figures that could help market extend yesterday
Elena
03 Apr, 2007
New York City
The commission claims that Apple and the major record companies like the joint venture between Sony and Bertelsmann, the Universal Music arm of Vivendi, Warner Music and EMI Group are limiting consumers
Ivaylo
03 Apr, 2007
New York City
The Indian benchmark index opened with a positive bias but trading was range-bound in morning session. The market gathered momentum in the early-afternoon session, held firm during the later part of the day, as buying was intense at the higher levels. BHEL and NTPC led the advancers, while Cipla and HDFC led the decliners. BHEL today announced a target of 10 billion dollars turnover by 2011-12.
Ivaylo
03 Apr, 2007
New York City
European markets gained on Tuesday as the battle to take over Endesa ended with Eon coming to an agreement with Enel and Acciona to divide the Spanish utility between them. Other advancers included miners BHP Billiton Ltd. and Rio Tinto Group. By mid morning, Frankfurt Xetra Dax added 0.9%, the CAC 40 in Paris gained 0.6% and London FTSE 100 climbed 0.5%.
Ivaylo
03 Apr, 2007
New York City
Chicago Board of Trade corn futures settled sharply lower Monday, following on a sell-off due to a plantings report Friday, but recovered from the lows of the day. In precious metals trading on the New York Mercantile Exchange, gold futures bounced from liquidation pressure late Monday to post a gain, with traders citing comments from the Bush administration that it was looking into reports of an American said to be missing in Iran.
123jump.com Staff
09 Jan, 2008
New York City
Marks & Spencer declined 19% after its third quarter same store sales ending on Dec 29 fell 2.2%. Tesco, Next Plc and other UK retailers declined in sympathy. StatoilHydro fell 3% after it said that production at its LNG plant may not meet its earlier target due to start up problems. Siemens in Frankfurt trading fell 5% after investors speculatd that it may not meet its earnings target.
123jump.com Staff
02 Apr, 2007
New York City
Delas in the U.S. and europe supported a mild rise in stocks. U.S. markets closed up a fraction but Nasdaq closed lower on a weak reading of the manufacturing sector index curbing enthusiasm about the current deals. Tribune rose after agreeing to a $34-a-share takeover offer from Zell. First Data jumped 21%. Xerox will pay about $1.5 billion in cash for Global Imaging Systems. Europe closed higher on bid for Telecom Italia and a revised bid for Sainsbury. India lost 5% but Mexico advanced 2%.
123jump.com Staff
02 Apr, 2007
New York City
U.S. market after more than four hours trading lacked a firm direction despite steady flow of deals. Weaker than anticiptated report on manufacturing took toll in the morning trading. Books-A-Million reported a 35% rise in profit. Simclar rose on five-fold jump in earnings. Allot Communications fell on lowered revenue guidance and First City Financial fell on news that it will delay its annual report filing.
123jump.com Staff
02 Apr, 2007
New York City
Market averages in Europe rose at close on steady news of deals. Telecom Italia received a joint bid from AT&T and American Movil for an indirect control. The bid lifted telecom stocks across the region. Iberia and Teleofinica rose on possible deals. Telecfonica is likely fetch significantly less than what they paid for Endelmol Entertainment. Retail stocks in the UK rose on possible higher bids for Alliance Boots and Sainsbury.
123jump.com Staff
02 Apr, 2007
New York City
A combined bid to buy a stake in a hodling company owning 12% of Telecom Italia from AT&T and American Movil lifted the stock. Telecom Italia and Pirellie shares in Milan trading rose 11% at close. Italian government may not view this offer favorably according to comments from the Communications Minister. The Minister has asked local banks and other companies to make a counter bid.
123jump.com Staff
02 Apr, 2007
New York City
After seven months of looking for a buyer First Data has agreed to sell the company for $29 billion. The company had recently spun off its money transfer division Western Union. In the last three eyars revenue declined 30% and earnings fell 16%.KKR will assume its long term debt of $2.7 billion.
