albena
22 Aug, 2005
New York City
Mergers and acquisitions news is driving the market higher, as there are no economic reports scheduled for today. CP Ships, PetroKazakhstan and SBS Broadcasting have each climbed to new 52-week highs on M&A news. Emmis Communications has also reached a new peak on the news that the company has agreed to sell 9 TV stations.
albena
22 Aug, 2005
New York City
Market breadth was positive at the opening though oil prices varied. With only a few earnings reports due to be released and no economic news on the calendar, fresh merger and acquisition activity is in the spotlight Monday. CNPC Intl. said it has agreed to buy PetroKazakhstan for $4.18 billion. SBS Broadcasting agreed to be acquired for $2.6 billion by two private equity companies.
albena
22 Aug, 2005
New York City
With only a few earnings reports due to be released and no economic news on the calendar, fresh merger and acquisition activity is in the spotlight Monday. CNPC Intl. said it has agreed to buy PetroKazakhstan for $4.18 billion. SBS Broadcasting agreed to be acquired for $2.6 billion by two private equity companies. Germany's TUI AG has reached a deal to buy CP Ships Ltd. in a $2 billion deal to create the world's No.5 container shipping company.
123jump.com Staff
21 Aug, 2005
New York City
Despite rising oil prices, the U.S. economy has delivered positive news on labor, housing and GDP front. However trade and budget deficits are another stories. In the coming week market will be watching oil, dollar and earnings from BHP, Heinz, Toro, Petsmart, Intuit, and home builder Toll Bros.
123jump.com Staff
19 Aug, 2005
New York City
Texas Jury awards $230 million in punitive damages in Voixx trial, dragging down Merck and other pharmaceutical stocks with it. Retailers cautious outlook contniued as Ann Taylor and Gap released earnings. Asian and European markets closed lower. Gold and Platinum were trading lower. Autodesk deliver stellar earning growth.
Elena
19 Aug, 2005
New York City
Light sweet crude bounced back to $64.40 rising $1.13 on refinery fire in Venezuela, Ecuador Protests and Iran
Elena
19 Aug, 2005
New York City
Ann Taylor reported a sharp 2Q earnings decline with same-store sales down 6.1%, Gap posted 39% profit jump but lowered full-year earnings outlook.
123jump.com Staff
18 Aug, 2005
New York City
Directionless market meandered for the entire session and in the end closed at flat level. The rebound of oil prices, more warnings from retailers, and dollar strength in Europe was all that market had to digest. Apparel retailer, Limited delivered yet another quarter of disappointment. JDS Uniphase delayed earnings filing for the quarter.
Elena
18 Aug, 2005
New York City
The index of leading indicators increased slightly in July as the Conference Board reported, following a sharp increase in June, which keeps it on a slightly rising trend. Google plans a new share offer.
Elena
18 Aug, 2005
New York City
Worse-than expected weekly jobless report, Asian-Pacific benchmarks in the red, European markets lower at mid-day, oil futures up again, the U.S dollar on a two-week high against the euro and three-day rise against the yen.
123jump.com Staff
17 Aug, 2005
New York City
Higher wholesale inflation kept market nervous during the trading session. Oil fell close t0 4% dragging with it energy and metals and mining stock on lower copper prices. Despite lower oil price of the day, traders worry that oil will only bounce back in the coming days. Nordstrom and Hewlett Packard delivered strong earnings. ANF drops despite higher earnings.
Elena
17 Aug, 2005
New York City
Higher-than-anticipated inflation, Hewlett-Packard 2Q exceeded expectations, Nordstrom released earnings and revenue growth, Applied Materials reported earnings and sales decline.
Elena
17 Aug, 2005
New York City
Higher-than-anticipated inflation, Hewlett-Packard 2Q exceeds expectations, Nordstrom releases earnings and revenue growth, Applied Materials reports earnings and sales decline.
123jump.com Staff
16 Aug, 2005
New York City
Investors react by bidding Nordstrom shares higher and ANF stock lower. The ANF stock dips on inventory concern and lower than expected earnings. Nordstorm revises the annual earnings guidance higher, investors cheer.
123jump.com Staff
16 Aug, 2005
New York City
Worries of inflation driven by food and energy are finally catching with investors. July higher read on inflation put market in the sell-off mood that began in the morning picked up steam in the final hour. Retailers earnings shine but stocks do not. Wal-Mart falls on cautious outlook, Home Depot raises the annual outlook, J C Penney same store sales and earnings rise, Estee Lauder shares up 10% and Deere down 11%.
