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.
Elena
29 Jan, 2007
New York City
The market was wary Monday, expecting RBI decision on short-term interest rates due this Wednesday. Reliance Industries ended in positive territory, supporting the market. Banks plunged with ICICI Bank leading the decline. Other decliners included Tata Motors and Satyam. Reliance Communication and Tata Steel led the advancers as the metal sector finished higher. Reported earnings so far have been stronger than expected and significantly better than a year ago.
Elena
29 Jan, 2007
New York City
U.S. stocks opened moderately higher Monday on earnings and deal news. In early earnings highlights, Mattel reported Q4 net income of growth of 75 cents a share, up from 69 cents a year ago, exceeding estimates of 67 cents a share. Meat producer Tyson Foods swung to profit in Q1, breaking a series of three quarterly losses. The company reported a higher-than-expected profit jump of 46% due to higher chicken sales and lower cost.
Ivaylo
29 Jan, 2007
New York City
Prudential advanced in London on Monday as the life assurer agreed the sale of Egg, its internet bank. Citigroup has agreed on the proposed price. The telecom sector declined after a profit warning from Deutsche Telekom. British Airways led the advancers as a likely strike in the company was called off, while Drax Group led the decline. In afternoon trade, the FTSE 100 was 9 points higher at 6,236.9
Elena
29 Jan, 2007
New York City
U.S. stock futures moved slightly higher Monday, helped by earnings reports and some merger activity. Dow component Verizon Communications reported Q4 earnings decline to 35 cents per share, down from 59 cents last year, blaming taxes on the sale of assets and costs related to a spinoff. However, the results beat analyst estimates as the telephone company''s cellular business added 2.3 million customers.
Elena
29 Jan, 2007
New York City
Prudential said the deal is expected to complete in April, and is subject to regulatory approvals. Citigroup said it expects the deal to boost its earnings in its first year. Prudential said that a distribution agreement to provide life and pensions products to Egg customer for five year was reached.
Ivaylo
29 Jan, 2007
New York City
Asian markets ended mixed Monday as banks reported strong gains in Shanghai but weighed on other markets in the region, while upbeat earnings results supported the Japanese benchmark index to recover. In Hong Kong, China-related shares rose, led by a surge in state airline stocks, but failed to lift the Hang Seng index. Shares closed lower as foreign investors sold Hynix Semiconductor in South Korea. In Australia the market ended amost flat.
123jump.com Staff
04 Jan, 2008
New York City
U.S. stocks turned negative at the opening after the employment report. The Labor Department reported that payroll in December increased 18,000. For the year 2007 the economy added 1.3 million jobs after adding 2.3 million in 2006. The monthly average fell to 111,000 in 2007 from 189,000 in 2006. consumer sensitive stocks dropped sharply. Retailers, restaurants, and banking sector stocks fell sharply.
Ivaylo
29 Jan, 2007
New York City
European stock markets opened higher on Monday, but losses for telecommunications stocks impacted equities following the second profit warning from Deutsche Telekom in six months. Deutsche Telekom announced on Sunday that competition in Germany and challenging currency conditions had forced it to reconsider its 2007 forecasts. Airline stocks provided some respite. By mid morning, the FTSE 100 in London inched 0.1% higher, Frankfurt Xetra Dax gained 0.2%, and the CAC 40 in Paris added 0.4%.
Ivaylo
29 Jan, 2007
New York City
Copper futures at the New York Mercantile Exchange ended lower on Friday, retreating from gains made from previous sessions due to profit taking. Copper also witnessed downside pressure after U.S. durable goods orders came in lower than expected. Gold and silver prices also closed lower, as the precious metals responded to pressure from a rising dollar. Crude oil futures jumped on Friday.
123jump.com Staff
26 Jan, 2007
New York City
Market traded higher on strong earnings from industrial and tech companies but caught cautious wind on new home sales data release. Nasdaq Stock Market won''t raise its 2.7 billion-pound offer for LSE and extended its offer to shareholders by two weeks. Caterpillar Q4 profit rose 4.3 percent on increased demand for machinery in China and India. Asia ends lower on weakness in tech issues and banking shares, Europe finishes lower with mining shares, while Canada gained on oil prices.
Elena
26 Jan, 2007
New York City
European stocks closed in the negative on Friday, as weakness in mining shares offset gains from cosmetics giant L''Oreal. Resource stocks Xstrata and Antofagasta led decliners, dragged by weaker metals prices. Industrials also declined, including French defense company EADS, down 1.6%. Automakers were also in focus, with Porsche, down 1.8%, and BMW up 1.2%. The German DAX 30 closed down 0.4%, the French CAC-40 slipped 0.5%, and the U.K. FTSE 100 lost 0.7%.
Elena
26 Jan, 2007
New York City
Wall Street reversed from earlier gains, reflecting cautiousness on rising long-term interest rates in the bond market after stronger-than-expected economic data were released. Reports of robust durable goods orders and new home sales in December pressured bond prices, sending their yields to five-month highs. Shares of financial services companies declined, with American International Group and J.P. Morgan Chase & Co. each falling about 1%. Merrill Lynch slid 2%, while Morgan Stanley lost 1%.
Elena
26 Jan, 2007
New York City
U.S. stock markets opened in the positive Friday, as government data showed an improving manufacturing sector, with orders of durable goods up 3.5% in December, in line with expectations. Better-than-expected forecast from Caterpillar Inc. also provided a boost. Technology stocks were supported by a stronger-than-expected quarterly profit from Microsoft. Caterpillar shares rose 2.8%, while Microsoft gained 1.8%.
