Elena
15 Nov, 2005
New York City
The Department of Commerce released a report, showing that retail sales fell only 0.1% in October, following an upwardly revised 0.3% increase in September and compared to a more significant decline of 0.7%, expected by economists. The Labor Department reported that Producer Price Index rose 0.7% in October following a 1.9% increase in September, versus expectations of 0.1% increase in prices. S&P has replaced AT&T with Amazon.com Inc in the widely followed index S&P 500 index.
Elena
15 Nov, 2005
New York City
The Department of Commerce released a report, showing that retail sales fell only 0.1% in October, following an upwardly revised 0.3% increase in September and compared to a more significant decline of 0.7%, expected by economists. The Labor Department reported that Producer Price Index rose 0.7% in October following a 1.9% increase in September, versus expectations of 0.1% increase in prices.
Elena
15 Nov, 2005
New York City
Asian-Pacific markets finished lower with the Nikkei falling 0.1% on banking stocks. European stocks declined at mid-day, pressured by Vodafone and Diageo. On the earnings front, Home Depot reported Q3 profit rise of 72 cents a share on 10% sales rise, beating estimates of 68 cents a share. American Eagle Outfitters posted Q3 net income increase of 47 cents a share, beating analyst estimate by a penny. Same-store sales rose 14%.
123jump.com Staff
14 Nov, 2005
New York City
AFTER THE CLOSE: Agilent Technologies reported Q4 earnings of 5 cents vs. 15 cents a year ago. Comtex reports decline in earnings on flat sales. Bob Evans Farms reports earings of 37 cents vs. 30 cents a year ago on revenue growth of 4%. The company opened eight new restaurant in the quarter. Quintiles Transnationals reported earings of $27 million, lower than $34 million a year ago on one-time charges and benefits from repatriation and revenue rise of 19%.
Elena
14 Nov, 2005
New York City
U.S. stock averages have been flat in the morning session amid some caution ahead of key inflation and retail sales data later in the week, though solid results from Wal-Mart and Lowe''s Cos. soothed concerns over slowdown in consumer spending. Wal-Mart posted Q3 3.8% net income rise on 10% higher revenue, in line with estimates. Same-store sales rose 3.8%. Lowe''s Cos reported Q3 profit rise of 81 cents a share, beating estimates and 6% same-store sales growth.
Elena
14 Nov, 2005
New York City
Wal-Mart posted Q3 3.8% net income rise on 10% higher revenue, in line with estimates. Same-store sales rose 3.8%. Another retailer Lowe''s Cos reported Q3 profit rise of 81 cents a share, beating estimates and 6% same-store sales growth. Five Star Quality Care posted a Q3 loss of $5.64 a share vs. a profit of 10 cents a share last year.
Elena
14 Nov, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei closing down 0.3% on financial issues, while South Korean Kospi hit another high of 1,257,63, rising 0.1%. European stocks rebounded from early weakness to trade higher at mid-day on oil companies gains and deal talk. In earnings news, Wal-Mart posted Q3 3.8% net income rise on 10% higher revenue, in line with estimates. Same-store sales rose 3.8%.
123jump.com Staff
11 Nov, 2005
New York City
For the third week in a row market managed to make a steady advance overcoming mixed earnings from several tech companies and supported by falling oil prices. Dell''s weaker than expected earnings guidance did not faze the tech stocks. Copper closed at record high.
Elena
11 Nov, 2005
New York City
The U.S. Treasury market is closed today for the Veterans Day holiday. No economic news is due out. On the corporate news front, Dell posted quarterly profit decline of 28% and projected Q4 earnings slightly below estimates, but the company said it plans to boost its repurchase program during the fourth quarter, buying back at least $1.7 billion. DreamWorks Animation, computer generated films producer, reversed to Q3 net loss on strong revenue decline, missing analyst estimate.
Elena
11 Nov, 2005
New York City
The U.S. Treasury market is closed today for the Veterans Day holiday. No economic news is due out. On the corporate news front, Dell posted quarterly profit decline of 28% and projected Q4 earnings slightly below estimates, but the company said it plans to boost its repurchase program during the fourth quarter, buying back at least $1.7 billion. DreamWorks Animation, computer generated films producer, reversed to Q3 net loss on strong revenue decline, missing analyst estimate.
Elena
11 Nov, 2005
New York City
Asian-Pacific markets closed higher, led by South Korean Kospi, rising 1.8% to an all-time high on tech stocks. Thre Nikkei gained 0.5% on GDP data. European stocks traded higher at mid-day on falling oil, automakers and tech stocks. After the closing bell the global biggest personal computer maker Dell posted a quarterly profit decline of 28% and projected fourth-quarter earnings slightly below analysts expectations.
123jump.com Staff
10 Nov, 2005
New York City
AFTER THE CLOSE: Kohl''s reported Q3 45 cents vs. 39 cents. Pacific Sunwear reported Q3 of 54 cents vs. 44 cents on 14% higher revenue. News Corp earnigs without the accounting charges fell to 7 cents from 19 cents a year ago and to a loss of 22 cents including the one-time charge. Dell Q3 profit fell to 25 cents from 33 cents on 11% rise in revenue.
Elena
10 Nov, 2005
New York City
Crude oil prices dropped below $58 a barrel on rising inventories and unusually warm weather. Falling crude sent shares of oil majors like Exxon Mobil, BP, and ConocoPhillips lower. On the economic news front, the Commerce Dept revealed that the U.S. trade deficit jumped to a record $66.11 billion in September, compared to a revised $59.35 billion recorded for August. Economists had expected a more moderate widening.
Elena
10 Nov, 2005
New York City
The Commerce Dept report showed that the U.S. trade deficit jumped to a record $66.11 billion in September, compared to a revised $59.35 billion recorded for August. Economists had expected a more moderate widening. Another economic report revealed that for the week ended Nov 5, initial jobless claims advanced 2,000 to 326,000. Economists had expected a level of around 320,000.
Elena
10 Nov, 2005
New York City
Asian-Pacific Markets closed mixed with the Nikkei unchanged on economic data and China''''s Shanghai Composite the biggest decliner, down 1.8%. European stocks traded higher at mid-day, led by the German DAX 30, up 0.6%. Siemens AG posted a 88% decline in Q4 profit. General Motors said it will have to restate earnings after overstating 2001 profit by up to $400 million.
