Elena
16 Feb, 2006
New York City
Stocks opened higher, boosted by a report showing housing starts rising at their fastest pace in more than three decades and positive earnings news from Hewlett-Packard. DaimlerChrysler posted 2005 net profit rise of 15%, beating estimates. In Q4, the automaker posted 84% income rise. Arcelor plans to double its dividend to 768 million euros, trying to fend off a hostile $21.9 billion bid from Mittal Steel. Expedia fell 15% on worse-than-expected earnings for the Q4.
Elena
16 Feb, 2001
New York City
Asian markets closed strong, following Bernanke''s testimony and the oil prices drop. Taiwan climbed 1.44%, followed by the Nikkei, up 0.84%. European averages were led by the French CAC 40, up 0.2%. DaimlerChrysler said 2005 net profit advanced 15%, beating estimates but its operating profit dropped 10%. In Q4, the automaker posted 84% income rise. Arcelor plans to double its dividend to 768 million euros, trying to fend off a hostile $21.9 billion bid from Mittal Steel.
123jump.com Staff
15 Feb, 2006
New York City
Market enjoyed a mild optimistic opening after surging yesterday on strong retail sales. Generally positive comments related to economic health and 3% drop in oil kept buyers in the market for the most of the day. After-the-close HP reported better than expected earnings of 48 cents. Expedia reported earnings of 7 cents, down 43% from a year ago. Las Vegas Sands to sell 55 million shares and raise $3 billion in secondary offering. Mittal Steel posted Q4 earnings of 92 cents per share.
Elena
15 Feb, 2006
New York City
Stocks turned mixed Wednesday morning as investors digested Ben Bernanke''s first economic report before Congress. The new Fed Reserve Chairman signaled further interest-rate increases, saying that the economy is strong but inflation and other risks remain. Merrill Lynch & Co. Inc. agreed to combine its investment-management business with money manager BlackRock in exchange for a nearly 50% stake in BlackRock.
Elena
15 Feb, 2006
New York City
Stocks opened slightly lower as investors awaited Ben Bernanke''s first appearance as Fed Reserve Chairman and his first monetary policy testimony before the Congress. Abercrombie & Fitch posted 58% profit jump in Q4 on 40% sales growth. The retailer posted net income of $1.80 per share, beating expectations of $1.78 a share. Merrill Lynch & Co. Inc. agreed to combine its investment-management business with money manager BlackRock in exchange for a nearly 50% stake in BlackRock.
Elena
15 Feb, 2006
New York City
Asian-Pacific benchmarks closed broadly down ahead of Ben Bernanke''s inaugural address to the Congress. South Korean Kospi slid 1.8% and the Nikkei dropped 1.6%. European averages pushed lower at mid-day, led by the CAC 40, down 0.4%. Credit Suisse shares dropped 7% after the banking giant reported Q4 profit rise of 15% on 10% revenue growth, but disappointed with its banking performance and rising costs.
123jump.com Staff
14 Feb, 2006
New York City
Market was in a mood to rally and it was evident at the opening. The strong rise in retail sales, short covering and steady fall in oil price during the day supported broad market advances. Techs, home builders, transportation and financial sectors saw significant advances. Celebrity hotel manager, Morgans Hotel Group prices 18 million share. The stock falls below $20 IPO price. Oil drops below $60 for the first time in 2006.
Elena
14 Feb, 2006
New York City
Stocks recovered at mid-day from a sluggish start as falling oil prices provided a boost and the Dow rose 120 points. A barrel of light crude slipped 89 cents to $60.35 a barrel on the Nymex. Citigroup upgraded Circuit City to buy from hold, saying the retailer is expected to post another two or three years of dramatic earnings growth. Deere posted Q1 profit rise of 6% or 99 cents a share on 7% sales growth, beating estimates of 83 cents a share.
Elena
14 Feb, 2006
New York City
Stocks opened flat, awaiting testimony from the new Fed Reserve Chairman Ben Bernanke. Citigroup upgraded Circuit City to buy from hold, saying the retailer is expected to post another two or three years of dramatic earnings growth. Marsh & McLennan Companies reported Q4 profits of $35 million vs. a loss of $680 million but below estimates. Deere posted Q1 profit rise of 6% or 99 cents a share on 7% sales growth, beating estimates of 83 cents a share.
Elena
14 Feb, 2001
New York City
Asian benchmarks closed broadly in the positive with the Nikkei surging to 1.9%. European averages lost ground at mid-day. The biggest decliner was the French CAC 40, down 0.5%. Citigroup upgraded Circuit City to buy from hold, saying the retailer is expected to post another two or three years of dramatic earnings growth. Marsh & McLennan Companies reported Q4 profits of $35 million, an improvement from the year-earlier loss of $680 million but below estimates.
Elena
13 Feb, 2006
New York City
Google slid 4.4% on a report, warning about intensifying competition from Microsoft and Yahoo. Tech stocks slipped with Apple falling 2.8%, Yahoo losing 1.4%, and Microsoft down 1.1%. Investors were also nervous about the course of interest rates ahead of a speech from new Fed Reserve Chairman Ben Bernanke. Rate-sensitive stocks, including Caterpillar and Citigroup slid 1% each.
Elena
13 Feb, 2006
New York City
A report warning about intensifying competition for Google dragged tech stocks with Apple falling 2.8% and Yahoo losing 1.4%. There was no major economic or earnings news Monday. Investors were also nervous about the course of interest rates ahead of a speech from new Fed Reserve Chairman Ben Bernanke. Merrill Lynch drew a positive reaction with news that it is near a deal to buy half of fund manager BlackRock for about $8 billion.
Elena
13 Feb, 2006
New York City
A report warning about intensifying competition for Google from Yahoo and Microsoft, as well as the absence of major economic and earnings news, sent stocks lower. Merrill Lynch drew a positive reaction with news that it is near a deal to buy half of fund manager BlackRock for about $8 billion. Microsoft released software with push e-mail function built-in for handheld devices made by HewlettPackard, Chunghwa Telecom, Asus and Fujitsu Siemens.
Elena
13 Feb, 2006
New York City
Asian markets closed mostly weak, led by the Nikkei with a drop of 2.3% on strong export data. South Korean Kospi and Astralia All Ordinaries fell 1%, while India Sensex index gained 0.4%. European shares traded higher at mid-day supported by auto stocks. Merrill Lynch is near a deal to buy half of fund manager BlackRock for about $8 billion. Microsoft released software with push e-mail function built-in for handheld devices made by HewlettPackard, Chunghwa Telecom.
123jump.com Staff
10 Feb, 2006
New York City
It was a day of turnaround. Market changed its direction and made a comeback on falling oil price and strength in tech, industrial and financial stocks. Insurance stocks rallied on positive earnings news from MetLife and AON Corp. Record trade deficit of $725 B in 2005 did not have any impact on traders. U.S. registered higher trade deficit with China, Japan, Europe, Canada and Mexico.
