Elena
02 Feb, 2006
New York City
Asian markets ended mostly up. The leading gainer was the Nikkei rising 1.4%, while the biggest decliner was Thailand SET, down 2.1%. European stocks erased early gains to turn lower at mid-day with the French CAC 40 falling deepest to 0.4%. Starbucks reported Q1 earnings rise of 20% with a 10% rise in same-store sales, beating esimates. United shares are trading at $41 in pre-market trading. Shares were issued to unsecured creditors at $15, and begin trading today.
123jump.com Staff
01 Feb, 2006
New York City
Volatile oil and a significant drop in Google stock failed to unnerve the market. Boeing and Time Warner reported strong earnings. Boeing stock found favors among several short-term traders. Goolge dropped 12% before market opening but closed lower 7%. Research in Motion, maker of wireless device BlackBerry, gained 9% on news that NTP Inc. patent was awarded non-final invalidation by U.S. Patent Office. U.S. auto makers lose market share in January.
Elena
01 Feb, 2006
New York City
Stocks traded mixed as disappointing quarterly results from Google sent the tech sector down and a better-than-expected earnings report from Boeing pushed the blue chips up. At mid-day the Dow climbed 50 points, while the Nasdaq was just below the flat line. Treasury yields steadily advanced after the ISM manufacturing index and government data on construction spending were released. The 10-year yield rose 3.4 basis points to 4.561%.
Elena
01 Feb, 2006
New York City
Stocks opened mixed Friday with the Nasdaq posting weakness on disappointing quarterly results from Google, while the Dow gained on strong earnings release from Boeing. The aircraft maker beat expectations, posting more than doubled Q4 profit of 58 cents a share. The company also raised its 2006 guidance. Time Warner posted Q4 income rise of 29 cents a share, above estimates. Jones Lang LaSalle''s Q4 profit rose 34% on 21% revenue growth.
Elena
01 Feb, 2006
New York City
Asian-Pacific benchmarks closed mostly down on volatile trade. South Korean Kospi extended losses to drop 1.7%. The Nikkei ended its six-session winning streak, falling by 1%. European stocks gained ground on corporate news with London''s FTSE 100 making the biggest advance,up 0.5%. In earnings news, Time Warner posted Q4 income rise of 29 cents a share, above estimates. Boeing beat expectations, posting more than doubled Q4 profit of 58 cents a share. The company also raised its 2006 guidance.
123jump.com Staff
31 Jan, 2006
New York City
Market did not react to the rise in expected key interest rate to 4.5%. A batch of economic report failed to excite the market. For January 2006, Dow closed up 1.4% and Nasdaq rose 3%. Oil rose and then fell. Semiconductor stocks fell. Google reported earnings below estimate, stock dropped as low as 19% in the after-market.
Elena
31 Jan, 2001
New York City
U.S. stocks traded weak as Fed raised key interest rate for the 14th time in 19 months by a quarter point to 4.5%. Mixed earnings news also weighed on sentiment. Merck, fourth-quarter earnings were up slightly. Altria Group posted higher Q4 earnings but forecast a decline in 2006 earnings due to restructuring charges. Haemonetics posted 155% quarterly profit jump of $1.02 a share, above estimates of 42 cents.
Elena
31 Jan, 2006
New York City
Stocks opened weak ahead of the FOMC minutes release. The key interest rate is expected to be increased by a quarter point to 4.5%. In earnings news Merck reported fourth-quarter earnings were up slightly. Altria Group posted higher Q4 earnings but forecast a decline in 2006 earnings due to restructuring charges. Haemonetics posted 155% quarterly profit jump of $1.02 a share, above estimates of 42 cents. Constellation Energy reported Q4 profit rise, beating estimates.
Elena
31 Jan, 2006
New York City
Asian-Pacific benchmarks finished largely up, led by South Korean Kospi, up 1.1% and the Nikkei, rising 0.6% to 16,649.82. European stocks reversed from losses to rise on oil and gas shares with the German DAX 30 and the French CAC 40 up 0.5%. Constellation Energy reported Q4 profit rise of $1.09 a share, beating estimates. Knight Ridder posted earnings decline to $1.24, exceeding estimates of $1.22. Tupperware Brands adjusted Q4 earnings of 54 cents a share met expectations.
123jump.com Staff
30 Jan, 2006
New York City
Traders for the most part avoided taking sides a day before FOMC meeting. OPEC is likely to announce production cut after tomorrow''''s meeting. Oil stocks jumped as oil and natural gas prices rose in anticpation of production cuts and daily jitters related to Iran, Nigeria and Venezuela. Exxon Mobil reported largest corporate profit ever. Wal-Mart reported 4.7% rise in same-store sales in January.
Elena
30 Jan, 2006
New York City
Stocks traded in a lackluster fashion Monday morning with investors reluctant to make significant moves ahead of the Fed Reserve''s meeting Tuesday. In corporate news, oil giant Exxon Mobil posted Q4 record profit on revenue growth, beating expectations. USG Corp. rose 16% after it agreed to resolve asbestos personal injury claims in a Chapter 11 agreement which will help the company to exit bankruptcy in 2006. Sunoco Logistics posted disappointing Q4 profit and revenue.
Elena
30 Jan, 2006
New York City
Stocks opened slightly above the flat line with investors reluctant to make significant moves ahead of the Fed Reserve''s meeting Tuesday. In corporate news, oil giant Exxon Mobil posted Q4 profit jump of $1.71 a share on revenue growth, beating expectations. USG Corp. rose 16% after it agreed to resolve asbestos personal injury claims in a Chapter 11 agreement which will help the company to exit bankruptcy in 2006. Sunoco Logistics posted disappointing Q4 profit and revenue.
Elena
30 Jan, 2006
New York City
Asian markets ended higher with only four active exchanges in the region because of the Lunar New Year holiday. The Nikkei closed up 0.55%, building on U.S. gains last week. European averages were mixed at mid-day with the German DAX 30 in the lead, up 0.1%. In corporate news, Schering-Plough reversed to profit in Q4, rising 13%, missing estimates by a penny. Kinetic Concepts posted fourth-quarter 36% income growth on 18% revenue increase, beating estimates.
123jump.com Staff
27 Jan, 2006
New York City
More than 50% of companies, this week, reported better-than-expected earnings. Earnings related momentum and strength in new home sales took market averages near year-high. Market ignored weak GDP report and rising oil price. Gold and natural gas fell during the day. Microsoft, Catepillar, Proctor & Gamble reported strong earnings. Retail, casinos and tech stocks joined in the rally.
Elena
27 Jan, 2006
New York City
In mid-day trading U.S. major averages were sitting near intraday highs. Stocks traded in the positive Friday morning with strong quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. Broadcom posted more than doubled Q4 income on 52% sales growth. Mittal Steel launched a $22.8 billion bid for European rival Arcelor.
