123jump.com Staff
08 Dec, 2006
New York City
November jobless rate rose to 4.5% from 4.4% in October. Total of 132,000 of new jobs were added in the month on top of 79,000 in October. Average weekly earnings rose to $574.27 in November from $573.25 in October. Children shoemaker Heelys priced 6.43 million shares at $21 per share. The shares jumped 61% to close at $33 after rising as high as $38.75. More than 11 million shares changed hands. Citigroup rose on rumors and Bank of America and Barclays gained on merger speculation.
Elena
08 Dec, 2006
New York City
European stocks closed modestly higher Friday, as gains in the banking sector managed to offset weakness among mining stocks. Barclays climbed 3.3% in London on speculations Bank of America is interested in making a bid for $117.6 billion, offering a premium of 25% to 30%. The U.K. FTSE 100 rose 0.3%, followed by the German DAX 30, up 0.2%, and the French CAC 40, up 0.1%.
Elena
08 Dec, 2006
New York City
Small-cap firms Heelys and Allegiant Travel rallied 60% and 40%, respectively, in their stock market debuts Friday. Heelys, a maker of children''''s sneakers, jumped over its price range of $16 to $18 to set its IPO at $21 a share. The stock opened at $30.30 and rose to $34.70 for a gain of about 65%. Allegaint priced its IPO at $18, above its $15-$17 range. The IPO opened at $24 a share and rose to $25.23 for a gain of 41%.
Elena
08 Dec, 2006
New York City
Sensex opened strong, above the 14,000 level, but quickly yielded to selling pressure in large-cap stocks. Traders consolidated positions before Cairn India IPO, due to be launched on December 11, the largest initial public offering in India. Dr Reddy and Reliance Energy were the leading gainers on the market, while Tata Motors and ACC led the decliners. Inflation was lower than expected the previous week.
Elena
08 Dec, 2006
New York City
Stocks opened modestly higher Friday amid easing concerns about the health of the U.S. economy. The long awaited employment report brought some relief to the market as the Labor Department said 132,000 jobs were created in November, greater than the expected increase of 105,000. Unemployment ticked up to 4.5%. However, sharply higher oil prices and weaker dollar limited gains.
Ivaylo
08 Dec, 2006
New York City
The top performing shares on London market erased early losses by the afternoon helped by some bid speculation over Pearson believed to be the next in line. Other takeover speculation also helped to cancel out losses with chemical firm ICI, up on reports of a possible connection with Akzo Nobel of Holland. The mining industry dragged the benchmark index lower after Merrill Lynch downgraded the sector to neutral. The FTSE 100 was marginally lower 0.07% at 6,128 in afternoon trading.
Elena
08 Dec, 2006
New York City
Wall Street sentiment turned positive after a long awaited government report showed that jobs created in November were more than expected, easing worries about the economy''s health. The report showed that non-farm payrolls rose by 132,000 jobs, following a downwardly revised increase of 79,000 in October. Economists had expected an increase of about 105,000 jobs. The unemployment rate edged up to 4.5% in November from 4.4% in October.
Elena
08 Dec, 2006
New York City
Oracle said it wanted to boost its stake in i-flex to 90% and raised the price to 2,100 rupees per share, up 42% from 1,475 rupees previously offered. The revised offer represented a 20% premium to i-flex''''s closing price on Thursday.
Ivaylo
08 Dec, 2006
New York City
Asian stocks ended mostly lower on Friday, with the Nikkei falling due to weak performance from NTT DoCoMo while October machinery orders disaapointed and pushed shares such as Fanuc Ltd lower. Data of October core machinery posted mid-afternoon in Tokyo was weaker from the previous month. Hang Seng Index in Hong Kong finished lower as investors still resort to profit-taking. Other major index also fell, such as Australia and South Korea. New Zealand bucked the trend and advanced.
Ivaylo
08 Dec, 2006
New York City
European markets were trading slightly lower on Friday, tracking US subdued close as investors await the monthly US employment report, published later. The markets are jittery ahead of November non-farm payrolls data, a keenly-watched yardstick of jobs creation in the US economy. London-listed miners influenced the market the most, as some key stocks were lower. By mid morning, FTSE 100 in London slipped 0.2%, Frankfurt Xetra Dax shed 0.3%, and the CAC 40 in Paris declined 0.5%.
Ivaylo
08 Dec, 2006
New York City
European markets were trading slightly lower on Friday, tracking US subdued close as investors await the monthly US employment report, published later. The markets are jittery ahead of November non-farm payrolls data, a keenly-watched yardstick of jobs creation in the US economy. London-listed miners influenced the market the most, as some key stocks were lower. By mid morning, FTSE 100 in London slipped 0.2%, Frankfurt Xetra Dax shed 0.3%, and the CAC 40 in Paris declined 0.5%.
Ivaylo
08 Dec, 2006
New York City
Some commercial interest was seen in the markets at the lower end of the trading ranges in both gold and silver. Investors were slightly short, so the markets succeeded in gaining their feet. Managed-money accounts were covering short positions. While gold and silver gained, platinum lost as well as copper. Arabica coffee futures also rose, while raw sugar settled down.
123jump.com Staff
07 Dec, 2001
New York City
Worries of economic slow down and rising energy costs led market averages lower in the final hour of trading. Department of Labor reported jobless claims fell to 324,000 last week, unemployment report is expected at 4.5%. Home builders stocks fell on analyst downgrage. Home Depot fell on stock options investigation. The report showed-routine- repricing of $200 million over 19 years. Vanda pharmaceuticals rose $11. HP to pay $14.5 million to settle California inquiry.
Elena
07 Dec, 2006
New York City
European stocks finished in the green on Thursday, bolstered by rallying tobacco stocks and comments by ECB Jean-Claude Trichet that prompted interest rates might be further increased early next year. The tobacco sector moved notably higher, as Gallaher Group shares soared 21.6% after it said it had received an offer approach. The U.K. FTSE 100 climbed 0.7%, followed by the French CAC 40, up 0.7%, and the German DAX 30, up 0.5%.
Elena
07 Dec, 2006
New York City
Dow component Exxon Mobile was one of the average''s weaker components and was down 1.2%. Technology stocks dropped and blue-chip stocks pared gains, with shares of BlackBerry maker Research In Motion down 3.7% after brokerage downgrades. Shares of Home Depot slipped 1.1%. Yesterday the home improvement retailer said it had found almost 20 years of option grant backdating.
