Ivaylo
06 Sep, 2006
Metals
Reports that production of gold is shaky at best is invigorating the bullion market exactly on the threshold of the approaching Indian wedding season. Gold still has some repair work to complete and will need to overcome resistance around the mid-$600 level in order to attempt subsequent hits at $680 or higher.
123jump.com Staff
05 Sep, 2006
New York City
Intel announced much rumored restructuring and said that it plans to lay-off 10,500 people. Most of the job losses will be in marketing, management and information technology areas. The company also plans to avoid spending $1 billion in capital expenditures.
123jump.com Staff
05 Sep, 2006
New York City
Market averages on the first day of trading this week are struggling with less than two hours of trading left. Oil traded lower and gold gained $13 on renewed buying in Asia and Middle East. Hershey fell nearly 5% on lowered rating by J P Morgan and Redback Networks lost 14% on downgrade by UBS.
Elena
05 Sep, 2006
Frankfurt
European markets closed in the negative influenced by a choppy trading on Wall Street after an extended holiday weekend. The oil-services sector was in focus after France''s Compagnie Generale de Geophysique agreed to buy U.S. Veritas for $3.1 billion. The French CAC 40 was the biggest decliner, falling 0.6%, followed by the German CAX 30, down 0.4%, and London FTSE 100, down 0.1%.
Elena
05 Sep, 2006
New York City
Illinois Tool Works Inc. agreed to acquire Click Commerce Inc. for a total of $292 million. Illinois Tool Works offered to buy the outstanding shares of Click Commerce for $22.75 each, representing a 27% premium over Friday''''s closing price of $17.95 on the Nasdaq.
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Elena
05 Sep, 2006
Mumbai
A mixture of oil price fall and a surge in global markets made the Sensex surge on Monday. The market was also brightened by the finance ministry statement on the issue of participatory notes. In the session today the market traded in a narrow range, retreating in the fternoon trading. ONGC advacned 1.3% after company engineers postponed strike by three-weeks.
Elena
05 Sep, 2006
New York City
Stocks opened lower Tuesday as investors turned to profit taking. With no economic data due out, a fairly light volume session is expected. Chevron added 1.1% after it announced the discovery of a major new oil source. Caterpillar shares rose 1.3% after the company said it would be raising machinery and engine prices from January 2007.
Elena
05 Sep, 2006
New York City
U.S. stock futures recovered from earlier declines to move slightly higher Tuesday as another drop by crude oil futures provided a boost to market sentiment. In corporate news, Viacom named insider Philippe P. Dauman, as president and CEO after Tom Freston resigned his positions with the company.
Elena
05 Sep, 2006
New York City
The deal indicates a premium of 35% over the average closing price of Veritas for the 30 days ended on Aug. 29, which was $55.69. Holders can choose cash or stock, subject to a 51% stock, 49% cash split, the companies said. The deal is expected to close around the end of 2006.
123jump.com Staff
05 Sep, 2006
New York City
Market averages gained a little in a lackluster trading on a moderate volume. Shares of Chevron, Statoil and Devon Energy advacned on the news that the consortium of three companies have discovered oil in the Gulf of Mexico region. Ford Motor appointed Alan Mulally as its CEO and president. Oil dropped but gold advanced. Asian and European markets closed lower.
Ivaylo
05 Sep, 2006
New York City
In Japan, investors made profits in Toshiba and other leading shares after the index notched a three-month closing high in the previous session. Australian insurance broker OAMPS rallied after getting a takeover offer, while Australia''s S&P/ASX 200 index advanced 0.4% at 5,150.60, after touching a fresh four-month high in morning trading. Shares in Singapore and Taiwan traded flat. Hang Seng in Hong Kong finished down 0.4%
Ivaylo
05 Sep, 2006
Frankfurt
Europe is waiting for U.S. direction, though the oil-services sector drew attention after Compagnie Generale de Geophysique of France agreed to buy one company and after Wood Group said it will beat profit forecasts for the year. The U.K. FTSE 100 index edged down 0.2%, the German DAX Xetra 30 index declined 0.2% and the French CAC-40 index decreased 0.3%.
123jump.com Staff
04 Sep, 2006
New York City
Markets around the world continued their climb on first day of trading this week. Asian markets were led higher by a sharp advance in Japan, Taiwan, India and Indonesia. Exporters led the advancers in Japan. European markets closed higher led by mining and defense stocks. Oil fell 2%, but Norway and Russia closed higher. Brazil and Mexico gained 1% at close. South Africa closed to a new high.
Elena
04 Sep, 2006
Frankfurt
European stock markets finished higher, boosted by strong gains from resource companies which helped offset some mixed corporate news. Among leading miners, BHP Billiton gained 1.4%, Rio Tinto rose 1.8%, and Anglo American jumped 3.8%. The German DAX 30 closed up 0.6%, the French CAC 40 advanced 0.4%, and London FTSE 100 rose 0.6%.
123jump.com Staff
04 Sep, 2006
Mumbai
The Sensex finished vey near the psychological 12,000 level, after reaching highs at regular intervals today. BSE and NSE indexes rose 1.2%. News that the government may not place a ban on participatory notes also brightened trading. Tata Motors and Maruti led the advance, while Hero Honda declined the most. Indian governemet allows duty wheat shipment from private companies.
