Elena
29 Aug, 2001
New York City
U.S. stocks rebounded from early losses and trade slightly above the flat line, despite hurricane Katrina causing disruptions of oil production in the U.S. refineries in the Gulf of Mexico. Home Depot gained 2.2%. IBM and Intel edged up 1%. McDonald
Elena
29 Aug, 2005
New York City
U.S. stocks made a weak opening Monday, hurt by crude-oil prices sent above $70 a barrel by raging hurricane Katrina. Oil-sensitive airline companies declined together with automakers Honda, Toyota and insurers like Allianz and Aegon. In the Gaming space Pinnacle Entertainment and Isle of Capri Casinos also dropped. No major earnings or economic releases are scheduled Monday.
Elena
29 Aug, 2005
New York City
Futures are lower and U.S. stocks are poised to decline at opening Monday. Hurricane Katrina and record oil prices are likely to be the main focus during the pre-market hours combined with some fresh corporate news. Intelsat is to buy PanAmSat for around $3.2 billion. Per-Se Technologies Inc. and Wolters Kluwer agreed to acquire NDCHealth Corp in a deal valued at $1 billion. No major earnings or economic releases are scheduled Monday.
123jump.com Staff
29 Aug, 2005
New York City
30% of U.S. domestic oil flows through Port Fourchon which seems to be in the eye of hurricane Katrina. At early morning more than 40% Gulf of Mexico oil and gas production has been shut-down. This morning's landfall of Katrina will tell us for how long these capacities will remain closed. Widespread gasoline shortages are reported in South Florida.
123jump.com Staff
28 Aug, 2005
New York City
As hurricane Katrina gathered speed and strength to level 5, major oil companies have announnced production shut-downs in the Gulf of Mexico region. The region produces 1.5 million barrles of oil per day and 10 billion cubic feet of natural gas. The potential landfall on Monday morning near New Orleans may cause severe weather conditions in and aroud the city.
123jump.com Staff
28 Aug, 2005
New York City
Eighteen percent of the nation's energy flows through a very narrow two-lane highway handling more than 10,000 daily vehicle traffic used by cargo and 6,000 port employees. Now Katrina threatnes to close that down. According to latest EIA report if this road is closed for more than two weeks gasoline prices can skyrocket. Louisiana generates more than $5 billion in taxes to the federal government but very little of that is shared in the local development.
123jump.com Staff
27 Aug, 2005
New York City
1.5 million barrels of oil and 10 billion cubic feet of gas are pumped from the Gulf of Mexico. There are more than 7,000 fields in operations in the region of 650,000 square miles. While few companies have begun to evacuate operational staff from the region on Friday, on saturday evening with the direction of Katrina heading westward Shell, Kerr-McGee, Exxon Mobil, Anadarko Petroleum, Murphy Oil and Devon Energy have announced plans to shut production.
Yordanka
27 Aug, 2005
New York City
The market for IPOs has cooled down after a burst in July and especially in the first half of August. Nevertheless, two initial public offerings received warm welcome and made double-digit gains in their debuts last week. There are no deals scheduled to price the week of August 29th.
123jump.com Staff
26 Aug, 2005
New York City
Fed Chairman delivered one of his most cautious speech at Central Bankers gathering. While the topic was central banking but he openely worried about recent housing boom, after-efffect of low interest rate in the long run and economic imbalances due to current account and trade deficift in the U.S. economy. Univ. of Michigan consumer sentimet Index dropped. Verizon stock closed at new 52 week low.
123jump.com Staff
26 Aug, 2005
New York City
Fed Chairman expressed caution and warning on the persistent trade and fiscal imbalances and worries that protectionist measures discussed in Congress may not prepare America for the upcoming global challenges. Greenspan also expressed his concerns for the recent housing boom and as he stated 'asset prices' are increasing driving Fed's decision making. Natural gas remains above $10 price level.
albena
26 Aug, 2005
New York City
Stocks declined at the open Friday after the weaker-than-expected consumer sentiment data. The August sentiment index declined to 89.1 from an initial read of 92.7 on surging oil prices fears. Merck & Co. is in focus due to reports it may settle some of its Vioxx-related lawsuits. WPP Group posted a 41% rise in first-half net profit and lifted its operating margin target for the year. No major companies are scheduled to report earnings Friday.
albena
26 Aug, 2005
New York City
Futures are trading higher Friday and market will watch final August consumer sentiment data from the University of Michigan, which is expected to decline due to surging oil prices. Merck & Co. is in focus due to reports it may settle some of its Vioxx-related lawsuits. WPP Group posted a 41% rise in first-half net profit and lifted its operating margin target for the year. No major companies are scheduled to report earnings Friday.
123jump.com Staff
25 Aug, 2005
New York City
Florida braces for storm and oil and gas markets hit new high. Natural gas prices reached all-time high and closed at $9.984 MBTU highest since the futures began trading in 1990. The natural gas prices are 80% higher than a year ago. Hawaii prepares to enforce price caps for gasoline and natural gas as of Sept 1.
albena
25 Aug, 2005
New York City
Oil retreated after hitting a record high and stocks remained in the positive territory. Yet another restructuring at Eastman Kodak and GE's $1.6 billion purchase of a stake in Turkey's No. 3 bank are in the spotlight. The number of Americans filing new claims for unemployment benefits dropped last week with the four-week average for people receiving benefits reaching a 4-year low.
albena
25 Aug, 2005
New York City
Oil slightly retreated after hitting a record high and stocks opened slightly above flat line. Re-organization at Eastman Kodak and GE's $1.6 billion purchase of a stake in Turkey's No. 3 bank are in the spotlight. The number of Americans filing new claims for unemployment benefits dropped last week with the four-week average for people receiving benefits reaching a 4-year low.
