123jump.com Staff
30 Jan, 2007
New York City
Uneven trading only reflcted cross currents of information in the market today. 3M earnings disappointed market and stock fell 5%. Motorola jumped 7% on the news that Carl Ichan is seeking to join the company board. Crude oil jumped 5% and natural gas rose 11% on harsher winter conditions in the Northern U.S.European markets closed higher led by Germany.
Elena
30 Jan, 2007
New York City
European stocks closed higher, led by airline stocks. Moves were limited as European investors awaited the Fed Reserve''sa interest-rate decision. Airline companies attracted the most attention, with Alitalia rising 3.8% after the Italian government said it received 11 bid offers. Air France-KLM shares gained 6.7%, as the company didn
Elena
30 Jan, 2007
New York City
U.S. stocks turned modestly higher, with investors cautious before the Fed Reserve''s decision on interest rates. The Dow reversed from earlier weakness, although 3M fell 4.4%, Procter & Gamble fell 1.1%, and Merck lost 1% on quarterly results. Photography and imaging company Getty Images was a notable gainer, rising 8%, despite 29% profit drop in Q4 on restructuring and other costs. The company earned 50 cents per share, down from 64 cents last year. Excluding items, profit beat estimates.
Elena
30 Jan, 2007
New York City
Wall Street saw a mixed performance at opening on Tuesday, with the Dow pressured by 6% decline for 3M Co. on a disappointing profit outlook. Merck also weighed on the blue-chip average, falling even after its earnings, excluding special items, matched forecasts. Similarly Procter & Gamble fell 1.4%, despite raising its earnings outlook. Investors weighed its organic sales growth, which came in at the lower end of its guidance.
Ivaylo
30 Jan, 2007
New York City
The FTSE was lower by mid-day on Tuesday as weakness in the mining sector remains the dominant feature with copper prices volatile and an uninspiring production statement from Kazakhmys unsettling its rivals as well. Other miners were also week including Vedanta, Antofagasta, Xstrata and Lonmin. Corus is one of the advancers as the auction between Tata and CSN draws to a conclusion later today. In the wider market, the FTSE 100 shed 18.6 points to 6,221.5.
Ivaylo
30 Jan, 2007
New York City
Tata Steel, resource company, has reported a Q3 consolidated net profit increase of 27.3%. Net revenues advanced 18.86%, while revenue from steel business advanced more than 20%. Total income grew considerably. Tata is reportedly considering a sweetened bid for Corus ahead of the auction. Tata competes with CSN of Brasil. The shares of Tata finished Rs10 higher yesterday on BSE.
Elena
30 Jan, 2007
New York City
U.S. stock futures pointed to a higher opening on Tuesday, lifted by upbeat earnings results. Blue chip company Procter & Gamble reported 12% profit increase in Q2 and lifted its annual profit guidance. Colgate-Palmolive posted better-than-expected results, while Dow component 3M Co. posted 58% profit rise, which matched expectations excluding items.
Elena
30 Jan, 2007
New York City
The company said its profit increased to $1.18 billion, or $1.57 a share, from $746 million, or 97 cents a share, earned a year ago. The latest quarter''s per-share figure includes 47 cents on the sale of its pharmaceutical unit. 3M
Ivaylo
30 Jan, 2001
New York City
Most Asian markets ended higher on Tuesday, with Japanese stocks supported by Honda Motor and Hong Kong stocks advancing on futures-related trading, while property firms pulled Chinese stocks lower. In South Korea, advances in insurers, banks and builders led the stock market modestly higher. In Australia, takeover activity continued to support the market. The Shanghai Composite Index bucked the trend.
Ivaylo
30 Jan, 2007
New York City
European sock markets declined on Tuesday as losses in the heavily-weighted banking, resources and telecommunications sectors countered gains for airlines and luxury goods. Airline stocks were higher as investors bought into the sector supported by lower oil prices and lack of interest in shares of Alitalia. In early trade, the FTSE 100 in London shed 0.3%, Frankfurt Xetra Dax was little changed, and the CAC 40 in Paris fell 0.2%.
Ivaylo
30 Jan, 2007
New York City
Copper futures fell Monday at the New York Mercantile Exchange amid follow-through weakness from Friday and another rise in exchange-held stocks. A technical-based selling pressured prices after the metal failed to advance on Friday following some economic and demand news. Gold and silver prices settled down but the prospects for gold for 2007 are that demand should consolidate and the market will firm up gradually over the year. Oil, natural gas and heating oil also dipped.
123jump.com Staff
29 Jan, 2007
New York City
Market averages meandered ahead of Fed meetings this week. Fall in oil price helped transportaion and aviaation sectors. Two merger deals of more than a billion dollar in banking industry dominated the morning trading. Asian markets closed mixed as banks posted strong gains in Shanghai but were a drag on other markets region-wide, European markets closed higher helped by gains from airlines and the technology sector, while Latin America markets finished lower.
Elena
29 Jan, 2007
New York City
European stocks closed higher Monday, supported by strong airlines and technology stocks. However, weakness in the telecoms sector limited the upside move. Airlines Deutsche Lufthansa, Ryanair, easyJet and Air France-KLM all rose more than 1%. Shares in British Airways rose 2.8%. Technology shares such as software giant SAP and Alcatel-Lucent also supported markets by gaining about 1%. The German DAX 30 closed up 0.5%. The French CAC-40 gained 0.7%, and the U.K. FTSE 100 edged up 0.2%.
Elena
29 Jan, 2007
New York City
U.S. market averages traded in the positive, as merger news, falling oil prices, and enthusiasm over new technologies from chip makers, offset caution before the Fed Reserve''s meeting on interest rates. Tech stocks boosted the Dow after both Intel and IBM announced that they are developing new materials to produce smaller and faster chips. Intel rose 2%, while IBM gained 0.9%. Hewlett-Packard rose 2.3%, after solid results from Canon led UBS to forecast solid gains for HP''s printing unit.
Elena
29 Jan, 2007
New York City
U.S. market averages traded in the positive, as merger news, falling oil prices, and enthusiasm over new technologies from chip makers, offset caution before the Fed Reserve''s meeting on interest rates. Tech stocks boosted the Dow after both Intel and IBM announced that they are developing new materials to produce smaller and faster chips. Intel rose 2%, while IBM gained 0.9%. Hewlett-Packard rose 2.3%, after solid results from Canon led UBS to forecast solid gains for HP''s printing unit.
