Elena
31 Jul, 2006
New York City
Stocks traded mixed to lower late Monday morning as investors locked in recent gains. Avon Products dropped over 8% after reporting 54% decline in earnings to 33 cents per share from 69 per share last year on restructuring charges. Among other movers, Blue Nile fell 5% on quarterly earnings, while shares of 51Job Inc. climbed 10% on brokerage upgrade.
Elena
31 Jul, 2006
New York City
Sensex in India gained for the fourth day in a row. The index gained 0.60%. IT, auto, bank and cement companies led the gainers. A parade of rising earnings improved investor sentiment. Jagran Prakashan rose 20% on 1:5 stock split and earnings gain of four-fold. Hindustan Lever declared Rs 3 dividend. Welspun Gujarat rose 11% on 66% rise in earnings. Fall in global oil price supported a rise in local auto stocks.
Elena
31 Jul, 2006
New York City
Humana Inc said Q2 net income advanced to 53 cents a share from 49 cents a share a year on 53% revenue growth, beating expectations. HSBC Holdings, banking services company, reported that first-half net profit advanced 15% to $8.73 billion as total operating income jumped 15% to $34.33 billion. Tyson dropped 8.4% on disappointing Q3 profit and lowered forecasts.
Elena
31 Jul, 2006
New York City
U.S. stock futures declined early Monday as investors were cautious due to the ongoing violent conflict in the Middle East. Shares of Apple Computer rose 2% on Inet after Banc of America Securities upgraded it to buy from neutral and raised its price target to $79 from $68, citing strong demand for MacBooks and iPod digital music players.
Elena
31 Jul, 2006
New York City
The Japan Automobile Manufacturers Association said that for the first time the Japanese automakers produced more vehicles overseas than they did at home. Japanese automakers have been boosting market share in the U.S. and other key global regions as soaring oil prices make their fuel-efficient models more attractive to consumers.
Ivaylo
31 Jul, 2006
New York City
The agenda this week will once again be dominated by earnings reports. Among major companies, Toshiba and Toyota Motor are due to report. The Nikkei 225 Average ended higher, in what is the benchmark third straight gain, as corporate results have been encouraging. Other indexes across the region also finished higher.
Ivaylo
31 Jul, 2006
Frankfurt
Dutch bank ABN Amro reported record-breaking second-quarter earnings, while Statoil fell, posting disappointing results and its stock slipped. By mid morning, London FTSE 100 shed 0.3%, while Frankfurt Xetra Dax lost 0.2%, and in Paris, the CAC 40 dropped 0.2%.
Ivaylo
31 Jul, 2006
Metals
Last week moves support the view that gold is building a strong base above $600 an ounce and the violence between Israel and Hezbollah continues to nurture some safe-haven buying. Participants in the gold market were aslo following the moves of crude oil, slipping at one point below the $73 a barrel mark amid talk of a cease-fire in the Middle East.
Elena
28 Jul, 2006
New York City
Coventry Health Care, health insurer, posted Q2 net income growth to 84 cents a share, up from 79 cents a share last year. Office Depot, office products retailer, reported Q2 profit rise of 18% to 41 cents a share from 31 cents a share a year ago. ITT Corp. said that Q2 net income increased 2.3% to 75 cents a share from 73 cents a share a year ago, with revenue rising 11%.
Elena
28 Jul, 2006
New York City
Stocks rallied at opening, following second-quarter GDP data release. The Commerce Department said GDP growth slowed to a 2.5% annual rate from 5.6% in the first quarter, feeding hopes that the Federal Reserve may not continue raising interest rates further. The GDP report said core consumer prices surged 2.9%, while the department''s employment cost index rose a stronger-than-forecast 0.9%.
Elena
28 Jul, 2006
New York City
Stock futures rose Friday morning as energy companies reported robust earnings growth. Chevron Corporation reported Q2 net income growth of $1.97 per share, compared with $1.76 per share in the year-ago period. Oil field services company Baker Hughes and independent oil and gas producer Anadarko Petroleum said quarterly profit soared, helped by surging crude oil prices.
Elena
28 Jul, 2006
New York City
Oil prices moved higher on Friday, on news that OPEC has no power to stop price surges caused by geopolitical tensions. In other Nymex trading Friday, gasoline futures remained steady at $2.2960 a gallon, while heating oil futures rose 0.75 cent to $1.9871 a gallon. Natural gas futures were up 4.5 cents to $7.168 per 1,000 cubic feet.
Elena
28 Jul, 2006
New York City
Asian-Pacific benchmarks finished mixed on Friday in a light trading session. The Japanese Nikkei advanced 1.07% to close up at 15,342.87 points, boosted by stronger-than-expected earnings from leading tech companies. Across the region, Hong Kong
123jump.com Staff
27 Jul, 2006
New York City
Market averages rallied in the early morning on better than expected gains on durable good orders in June. New home sales in June declined 3% and inventory of unsold homes rose 24%. ExxonMobil earnings jumped 36%. Aetna earnings declined.
Elena
27 Jul, 2006
New York City
European markets closed in the positive for a second day in a row, as earnings and sales reports from major companies boosted market sentiment. Leading advancers on Thursday were oil and gas companies, as well as automakers. Royal Dutch Shell increased 2%, DaimlerChrysler rose 1.8%, and Volkswagen soared 8.8%. The German DAX 30 surged 1.4%, the French CAC 40 rose 1.2%, and London FTSE 100 gained 0.9%.
