Elena
09 Apr, 2007
New York City
A consortium of Middle Eastern investors and American buyout companies is reportedly preparing a bid offer valued at $50 billion. Half of the capital is being provided by investors from Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman. A number of U.S. buyout firms including Kohlberg Kravis Roberts are responsible for contributing the rest of the financial resources.
Ivaylo
09 Apr, 2007
New York City
Asian markets closed higher Monday as Japanese export-oriented stocks got a lift from U.S. economic data and the increase of dollar against the yen. South Korea advanced to another record high, finishing above 1500 for the first time as construction stocks gained. Markets in Hong Kong, Australia, New Zealand and the Philippines were closed Monday for holidays.
Ivaylo
06 Apr, 2007
New York City
Japanese stocks declined slightly on Friday, as real estate and auto shares fell in subdued trading. Markets in China and South Korea advanced, while markets in Hong Kong, Taiwan, Singapore and Australia were closed for a holiday. South Korean stocks finished flat, with significant advances in shipbuilders and Korean Air countered by losses in large-cap technology and financial stocks.
Ivaylo
06 Apr, 2007
New York City
Trading was light before the long Easter weekend. Wheat futures rallied Thursday on worries that freezing weather will harm the developing winter wheat crop during a cold snap over the next several days. Corn futures followed wheat higher Thursday. In precious metals trading on the Nymex, gold and silver were supported by short covering before the long weekend, as well as the dollar''s weakness against the euro.
123jump.com Staff
05 Apr, 2007
New York City
Market averages in New York gained a little on a drop in oil, $4.5 billion bid for Chrysler, and revenue upgrade for Yahoo. Initial claims for U.S. unemployment rose to 321,000 last week from revised 310,000 a week ago. Daimler Chrysler rose 5%, GM jumped 2%, and Rockwell Automation fell 5.4% and Monster Worldwide lost 16%. Oil dropped a lowered tension in the Middle East. European markets gained and market in Shanghai rose for the fourth days in a row.
123jump.com Staff
05 Apr, 2007
New York City
Kerkorian controlled company offers $4.5 billion cash for Chrysler Group. Daimler Chrysler rose 4% lifting broader averages. Semiconductor stocks were in focus after mixed outlook on Micron Technology from brokers. Rackable Systems declined 17%, WebMethods rose 26%, and Fuwei Films Holdings leapt 20%. Cox Radio jumped 8% on upgrades.
Elena
05 Apr, 2007
New York City
European stocks closed in the positive territory Thursday, supported by U.K. banking stocks after BoE kept interest rates unchanged. The U.K. stocks were boosted by shares of mortgage bank Alliance & Leicester, which rose 1.6%. On the side of the losers, DaimlerChrysler dropped 1.5% and truckmaker Volvo slipped 2.7%, as both traded without rights to the next dividend payment. .K.''s FTSE 100 rose 0.5%, the French CAC-40 index rose 0.04%, and the German DAX Xetra 30 index climbed 0.4%.
Elena
05 Apr, 2007
New York City
Wall Street traded in a light pre-holiday mood Thursday as investors, awaiting the release of March employment figures, keeping a cautious tone ahead of a three-day weekend. In corporate news, Constellation Brands rose 2.7% after it reported 26% profit increase in Q4. Among decliners, mattress maker Sealy fell 4.7% after it reported 7% profit rise in Q1 on lower prices. Nokia added 1.3%, while Qualcomm slipped 2.6% after Nokia agreed to pay Qualcomm $20 million in Q2 for using its UMTS license.
Elena
05 Apr, 2007
New York City
Wall Street started trading narrowly mixed on Thursday after a three-day winning streak and ahead Friday''s release of key employment data. There was little reaction to the latest initial jobless claims figures, which rose to their highest weekly level. Investors cautiousness was also attributed to the fact that the stock market is closed on Friday for the Easter holiday. In corporate news, Micron Technology fell 1.2% due to disappointing quarterly results, followed by a brokerage downgrade.
Ivaylo
05 Apr, 2007
New York City
London stocks received a boost on Thursday as the Bank of England chose to keep UK interest rates unchanged. Investors had forecast that the Monetary Policy Committee would raise rates to 5.5%, although a rise in May now is mostly likely. However, there was little corporate news to excite as trading was subdued ahead of the Easter break. A touch lower before the mid-day rate decision, the FTSE 100 was up 10 points to 6,374.7 just after the bank announcement.
Elena
05 Apr, 2007
New York City
U.S. stock futures indicated a flat to lower market opening after five straight sessions of gains and ahead of a three-day weekend. Economic data weighed on the sentiment after the Labor Department reported the number of jobless claims increased last week, indicating continued pressure on the economy. Investors were also digesting overseas monetary policy moves and a downgrade of Micron Technology stock.
Ivaylo
05 Apr, 2007
New York City
Asian markets closed mostly lower on Thursday, as Japanese Nikkei average ended lower as investors booked profits on large-cap stocks. Chinese stocks, however, hit a fourth straight record, while Singapore reached new highs for a second session. Markets in Hong Kong, Taiwan and Philippines were closed for a public holiday.
Elena
05 Apr, 2007
New York City
Constellation Brands, wine and spirits producer and marketer, posted 26% net income increase in Q4, boosted by strong wine sales. Earnings for the fiscal quarter rose to $70.2 million, or 29 cents a share, up from $58.2 million, or 24 cents a share. On a comparable basis, it earned 35 cents a share, above expectations of 34 cents a share.
Ivaylo
05 Apr, 2007
New York City
The benchmark index opened slightly higher but soon weak global markets sent the market lower. The Sensex rebounded in late trading on firm buying in metal and cement stocks. Tata Steel led the gainers, together with Reliance Energy and Grasim. Dr Reddy
Ivaylo
05 Apr, 2007
New York City
French aerospace group Safran was in the focus on European markets on Thursday on reports it could merge with defence electronics group Thales. Stocks fell after China decided to reduce bank lending, raising concern investment will slow down. By mid morning, the main indices were lower as caution was the key word ahead of the Easter holiday weekend. Frankfurt Xetra Dax was flat, the CAC 40 in Paris lost 0.2% and London FTSE 100 was flat.
