Elena
06 Sep, 2005
New York City
Oil prices were sent 1% lower. The ISM reported that the non-manufacturing index climbed to 65 from 60.5 in July. South Korea's Kospi gained 0.7%, the Nikkei lost 0.3%. The Australian stock market added 0.1% after falling 1% in the last two weeks. European stocks were trading higher at mid-day on M&A news in the energy sector.
Elena
06 Sep, 2005
New York City
South Korea's Kospi gained 0.7%, the Nikkei lost 0.3% in a mixed trading session for the Asian markets. The Australian stock market added 0.1% after falling 1% in the last two weeks. European stocks were trading higher at mid-day on M&A news in the energy sector. S&P futures up 5.7 points, Nasdaq futures also up 7.5points.
Elena
05 Sep, 2005
New York City
Asian markets opened higher led by markets in South Korea and Hong Kong, after European markets close to a two-week high. Spain's utility Endesa receives $29 billion bid from ENDESA. After six days of Hurricane Katrina less than 50% of oil and gas production is restored after similar time period in the aftermath of Hurricane Ivan in 2004.
123jump.com Staff
03 Sep, 2005
New York City
The traditional summer IPO lull is in progress. No deal is scheduled to be priced till the week of September 19th. Seven companies filed for initial public offerings, including SAIC to raise $1.7 billion. Celldex withdrew IPO filing.
123jump.com Staff
02 Sep, 2005
New York City
At opening market learned of four-year low unemployment report and at mid-day digested the implication of release of oil from strategic reserve. Oil dropped close to $2 per barrels and gasoline dropped by 1% for now. Most oil companies are still surveying the extent of on and off-shore damage to their facilities. The nature and extent of the damage still unknown.
123jump.com Staff
30 Nov, -0001
New York City
This afternoon IEA said that it will release 2 million barrels a day for the next thirty days to the world market. This only underscores the fact that there are no extra production capacities available to pump oil and only 'global reserves of nations' can save the current crisis. The damage to the Gulf of Mexico infrastructure will not be restored for weeks as stated by oil companies operating in the region.
123jump.com Staff
30 Nov, -0001
New York City
Markets trade lower despite falling crude-oil prices. The U.S. as well as Japan and EU countries will release oil from their reserves at the total amount of 2 million barrels a day. Unemployment rate declined to a four-year low of 4.9%. Jobs for August are higher by 169,000.
Elena
02 Sep, 2005
New York City
Asian-Pacific benchmarks closed largely higher with the Nikkei up 0.7% on confidence of the Japanese economy. European markets edged up at mid-day dealings ahead of U.S. jobs report. Jobs for August are expected to rise by 190,000, slightly down vs. 207,000 for July. The jobless rate is projected steady at 5%. L'Oreal posted earnings decline but revenue growth for the first half of 2005.
123jump.com Staff
02 Sep, 2005
New York City
As New Orleans Mayor issues a desperate S.O.S in response to a rapidly developing out of order situation, many in the country feel that the nation's emergency response system and White house efforts are far short and too slow to respond. White House advisors and staff give an assessment of readiness of oil refining and transportation infrastructure to the national media vastly different from what is learned from the private sources.
123jump.com Staff
01 Sep, 2005
New York City
The current official death toll reported for Mississippi is 126 and may reach substantially higher if mayor's prediction is correct. If that is the case this natuaral disaster may turn out to be the worst disaster since 1906 earthquake and fire in San Francisco. Nation's emergency repsonse system is painfully slow and African American leaders are blaming this may have to do with the economic and racial make up of the region.
Elena
01 Sep, 2005
New York City
Stocks are higher on hopes of slowdown in the interst-rate hike. ISM report showed a slower pace of growth of the manufacturing sector.Retailers Costco Wholesale Corp., Wet Seal Inc., J.C. Penney Co. Inc., Kohl's Corp. and Nordstrom Inc. posted strong results in August. Wal-Mart Stores Inc.'s sales slightly disappointed views.
Elena
01 Sep, 2005
New York City
Stocks trade lower on economic concerns.The consumer spending for July rose 1%. Personal incomes grew 0.3%. Retailers posted better-than-expected sales reports.Wal-Mart's sales increased by 3.3% for August.Indian markets finished at an all-time high, rising 0.9% on software stocks.
Elena
01 Sep, 2005
New York City
Futures dipped in the early going, pointing to a weak opening for stocks after the rally Wednesday as oil slid after the government said it would tap the oil reserve. The ISM business confidence survey for August will be in focus Thursday. Economists see the ISM up to 57.2 from 56.6. Top retailers report August sales results today. IBM has signed a global contract with ABN AMRO worth about 1.5 billion euro over 5 years. Novartis offered $4.5 billion to gain full control of Chiron.
Elena
31 Aug, 2005
New York City
U.S. market averages rebounded on the back of oil majors and slipping oil prices with Exxon Mobil up 54 cents and Conoco Phillips up 2.8%. Insurers and retailers declined as AIG lost 1.3%, Allstate Corp. fell 2% and Wal-Mart lost 38 cents.
Elena
31 Aug, 2005
New York City
Early gains were trimmed after U.S. 2Q economic growth was revised slightly lower to a 3.3% annualized rate vs. 3.4% previously.Tiffany released 53% net income rise on 11% sales growth. United Natural Food posted strong 4Q earnings and sales report. Sanofi-Aventis raised its full-year guidance.
