Elena
25 Sep, 2006
New York City
Among early movers, Warrior Energy Services Corp. surged 67% after Superior Energy Services agreed to buy it for $175 million in cash and 5.3 million Superior Energy common shares. Walgreen Co. fell 2.5% after reporting Q4 net income rose on higher sales. The drug store operator said it earned 41 cents a share compared to 32 cents a share last year, meeting expectations.
Ivaylo
25 Sep, 2006
New York City
Initial weakness across mining stocks and a surprise placing in Wolseley held the benchmark index up on Monday, offsetting gains in the pharma sector. SSL International drew the attention in London on Monday amid talk of a imminent takeover approach. The company rose on speculation that Procter & Gamble of the US was about to table a bid. The FTSE was 7.9 points higher at 5,830.2 by mid-day on Monday.
Elena
25 Sep, 2006
New York City
U.S. stock market futures recovered from Friday''s losses, boosted by retreating crude oil prices. Corporate news at Hewlett-Packard also contributed to the positive mood. The company is expected to be in the spotlight again after announcing late Friday that CEO Mark Hurd will take on Patricia Dunn''s role as chairman.
Elena
25 Sep, 2006
New York City
The deal is the third multibillion-dollar takeover in the European pharmaceutical industry for the past few days. Bid offers by Germany''s Merck KGaA to buy Swiss Serono for $13.3 billion, and Denmark''s Nycomed to buy the pharmaceutical operations of Germany''s Altana for $5.8 billion have helped to lift the price of Schwarz Pharma.
Ivaylo
25 Sep, 2006
New York City
Asian stocks were mixed Monday, with indexes recovering in afternoon trading after upbeat Japanese vehicle-export data boosted shares of Toyota Motor Corp. and its peers. Hong Kong dropped while Australia benchmark index edged higher. The Weighted Index in Taiwan advanced, while shares listed in Singapore and Malaysia traded flat. Morgan Stanley warned that the Hang Seng Index could be hurt by insufficient liquidity during the runup to Industrial and Commercial Bank of China IPO.
Ivaylo
25 Sep, 2001
New York City
Oil dropped below $60 a barrel after BP announced on Friday it will raised production from its giant Prudhoe Bay oil field in Alaska to near full capcity in about a week, after obtaining approval from US pipeline regulators. A continuation of health-care sector consolidation including Schwarz Pharma climbing after a deal to be bought by UCB also buoyed the markets. The FTSE 100 in London added 0.4%, while the Xetra Dax in Frankfurt was up 0.9% and the CAC-40 in Paris rose 0.7
Ivaylo
25 Sep, 2006
New York City
On the NYME, gold continues to take cues from the U.S. dollar and fluctuating oil prices. During the session the contract reached a weekly high of $598 an ounce but faced strong resistance up to the psychologically important $600 level. The short-term gold remains within the $570-$595 range and will continue to take cues form the dollar and oil prices.
123jump.com Staff
22 Sep, 2006
New York City
Market averages fell as oil rose, bond market advacned and metals prices rose during the day. For the second day of the week in a row market worried on the possibilities of economic slow down. European and Latin Markets fell on the weakness in the trading in New York. Retail, tech and bio tech stocks sold-off. Latin American ADRs traded lower and European mining stocks retreated.
Elena
22 Sep, 2006
New York City
European markets closed Friday trading session deeply in the red, tracking Wall Street losses amid worries of U.S. economic slowdown. Software maker SAP and chip maker Infineon Technologies fell 2% each. The German DAX 30, the French CAC 40, and London FTSE 100 slipped 1.3% each.
Elena
22 Sep, 2006
New York City
Concerns that slowing economic growth would hurt corporate profits kept stocks in the negative territory Friday morning. Texas Instruments rose 1.8% after its board approved a plan to buyback an additional $5 billion of its stock. Halliburton Co. gained nearly 1% after the company boosted its share-repurchase program by $2 billion.
Elena
22 Sep, 2006
New York City
The market surged for the third week in a row, despite its decline today. Dropping crude oil price, strengthening of rupee, strong inflows from foreign funds and hopes for robust earning results helped the index. The Sensex remained in negative territory today due to profit-taking resulting from weak Asian markets. Reliance Industries surged, together with Grasim and Reliance Communications. Software declined. High Court in India on Friday lifted a state ban on Coca-Cola and PepsiCo drinks.
Elena
22 Sep, 2006
New York City
Stocks opened weak Friday, dragged by growing pessimism about economic growth amid warning from KB Home that housing market is slowing down. Fallout of a congressional probe into Hewlett-Packard also weighed. Boston Scientific fell 10.4% after the medical devices maker warned that revenue is likely to miss analyst expectations.
Ivaylo
22 Sep, 2006
New York City
Hanson was among the few FTSE 100 stocks in positive territory on Friday as the London market erased a large chunk of its recent gains. The FTSE 100 shed 46.3 points, or 0.8%, to 5,850.4, tracking a weak close on U.S. markets. Profit takers are out in force after disappointing US economic data yesterday. Only five FTSE constituents are showing gains at present. BP and BG Group managed to buck the weak market trend.
Elena
22 Sep, 2006
New York City
Stock futures looked poised to a lower opening for a second straight session after KB Home warned of unfavorable conditions in the housing market. This added to worries about economic growth from the previous session when an unexpected negative reading of a Philadelphia-area manufacturing survey hit U.S. stock markets.
Elena
22 Sep, 2006
New York City
The company said Q3 net earnings are expected to come in the range of a penny and 5 cents a share. On an adjusted basis, Boston Scientific forecast earnings of $230 million to $290 million, or 15 cents to 19 cents a share. Analysts are expecting Q3 per-share earnings of 16 cents a share, on average. The company said Q3 net sales were seen between $1.97 billion and $2.035 billion vs. an average forecast of $2.175 billion.
