Elena
14 Mar, 2006
Frankfurt
European markets rebounded from early weakness to close mostly higher, boosted by U.S. markets gains on the back of strong quarterly results from Goldman Sachs. European financial companies like ABN Amro and USB also advanced. The German DAX 30 gained 0.3%, the French CAC 40 added 0.2%, while London FTSE 100 shed 0.04%.
Elena
14 Mar, 2006
New York City
Stocks rose Tuesday, lifted by strong profit from Goldman Sachs and bigger-than-expected increase in business inventories. Financial and materials stocks rose after the Commerce Department said U.S. business inventories rose 0.4%. Goldman Sachs reported 64% rise in Q1 on 61% revenue growth, beating expectations. The stock rose 5.1%. The yield on the 10-year note continued to ease, down 4.71%, providing relief for the equity market.
Elena
14 Mar, 2006
New York City
U.S. stocks recovered from the initial decline, lifted by strong investment banks after Goldman Sachs reported 64% rise in Q1 on 61% revenue growth, beating expectations. The stock rose 4.5% and helped lift other financial shares. Procter & Gamble Co. fell 3.2% to $60.01 after the company lowered its quarterly sales expectations.
Elena
14 Mar, 2006
New York City
U.S. stocks opened in the negative on disappointing economic data and lowered sales outlook from Procter & Gamble. In earnings news, Goldman Sachs reported 64% rise in Q1 on 61% revenue growth. Air Methods swung to profit in Q4 on 32% revenue increase. Evolving Systems also reversed from a net loss of 20 cents per share to report 5 cents income increase in Q4. Southern Union posted $1 loss in Q4, including charges.
Elena
14 Mar, 2006
New York City
U.S. stock futures pointed to a lower start after lackluster close Monday and ahead of economic data due out today. In earnings news, Goldman Sachs reported 64% rise in Q1 on 61% revenue growth. Air Methods swung to profit in Q4 on 32% revenue increase. Evolving Systems also reversed from a net loss of 20 cents per share to report 5 cents income increase in Q4. Southern Union posted $1 loss in Q4, including charges.
Elena
14 Mar, 2006
New York City
European averages turned mixed at mid-day, reflecting lackluster close of U.S. markets, rising oil prices and some corporate news. The German DAX 30 declined 0.4% on economic data, the French CAC 40 lost 0.2%, while London FTSE 100 gained 0.2% on earnings and merger activity in the retail sector. The euro slightly fell against the dollar to $1.1950.
Elena
14 Mar, 2006
New York City
Asian benchmarks lost ground Tuesday, reflecting a rebound in oil prices and concerns over interest-rate hikes. The Nikkei dropped 0.8% after a three-day rally when the market climbed 4.7%. Major shipping companies and tech stocks dragged the Japanese index down. Among other regional markets, Taiwan Weighted index dropped 1.3%, South Korean Kospi slipped 0.9%, while New Zealand hit a new all-time high of 1.7%.
123jump.com Staff
13 Mar, 2006
New York City
Markets in the U.S. charted a lacklusted course despite several stock upgrades and deals of more than $24 billion. Mega deals continued to drive investors interest in the first quarter of this year. European markets raced ahead and emerging markets are on the recovery path after losing between 5% and 10% in two weeks. Russia, Turkey, Taiwan, Mexico recovered more than 1%. India closed at record high for the second day in a row.
123jump.com Staff
13 Mar, 2006
New York City
Market averages modest move do not reflect the underlying dynamism in the market. Deals of more than $24 billion today, ratings revisions and stock buybacks have increased buying activity in the market. European markets closed higher on potential bids in the pharma industry and for LSE from Nasdaq. Shares of LSE, Euronext and Deutsche Borse jumped. Advanced Micro is down 7% on a broker downgrade.
123jump.com Staff
13 Mar, 2006
New York City
Euroean maarkets advance as merger related news put several stocks in the UK and Germany on the higher grounds. Nasdaq bid for LISE lifted stocks of other exchanges on the continet with LSE stock jumping up 30%. German Schering jumped 26% on bid from Merck KGaA. Sanofi and Astra-Zeneca rose more than 2% each. South Africa closed up 1.03% but nine markets in western Europe rose above 0.5% led by 0.87% rise in German index.
Elena
13 Mar, 2006
Frankfurt
European averages closed higher Monday, boosted by merger deals and takeover talk. The biggest advancers were drug maker Schering, up 26% on bid from rival company Merck and London Stock Exchange which jumped 30% on bid speculations, involving U.S. stock exchanges. The German DAX 30 rose 0.9%. London FTSE 100 rose 0.8%.
Elena
13 Mar, 2006
New York City
Stocks came off intraday highs, posting weakness on rising crude oil prices and pressured Treasury yields. U.S. stocks advanced Monday morning on a string of merger deals, including a $14 billion bank takeover that lifted regional bank shares. North Fork Bancorp rose 17% on agreement to be acquired by Capital One for $14.6 B in cash and stock. Schering AG soared 26% after rival German drug maker Merck KGaA made a hostile bid for the company for $17.4 billion.
Elena
13 Mar, 2006
New York City
Merger activity pushed stocks moderately higher. Capital One Financial agreed to acquire North Fork Bancorp in a cash and stock deal for $14.6 B, with about $5.2 B of the amount to be paid in cash. McClatchy agreed to acquire newspaper publisher Knight-Ridder in cash and stock for $6.5 B, including the assumption of $2 B in debt. In Europe, Merck KGaA made a hostile offer of $17.4 B for the German Schering AG in a bid rejected by the drugmaker.
Elena
13 Mar, 2006
New York City
Merger activity on both sides of the Atlantic sent stocks higher at opening. Capital One Financial agreed to acquire North Fork Bancorp in a cash and stock deal for $14.6 B, with about $5.2 B of the amount to be paid in cash. McClatchy agreed to acquire newspaper publisher Knight-Ridder in cash and stock for $6.5 B, including the assumption of $2 B in debt. In Europe, Merck KGaA made a hostile offer of $17.4 B for the German Schering AG in a bid rejected by the drugmaker.
Elena
13 Mar, 2006
New York City
Stock futures pointed to a higher opening, supported by mergers-and-acquisition activity. Capital One Financial, credit card issuer, announced an agreement to acquire North Fork Bancorp in a cash and stock deal for $14.6 billion, with about $5.2 billion of the amount to be paid in cash. McClatchy Co. agreed to acquire its larger rival, newspaper publisher Knight-Ridder Inc. in cash and stock for $4.5 billion before debt.
