- Elena
- 27 Apr, 2007
- New York City
The Commerce Department reported Friday that the U.S. economy slowed to 1.3% real annualized growth in Q1, hurt by rising energy prices and a weak housing market, making the weakest expansion in four years. The first estimate of Q1 real GDP came in below the 1.7% expected by economists as well as down from the 2.5% rise in the previous quarter.An inflation gauge tied to the GDP report showed that core prices, excluding food and energy, rose 2.2% in Q1, up from 1.8% in Q4.
- Elena
- 27 Apr, 2007
- New York City
The world''s biggest software maker reported earnings of $4.93 billion, or 50 cents a share, compared with $2.98 billion, or 29 cents a share, during the year-earlier period. Revenue rose 32% to $14.4 billion, boosted by sales of new products including the Vista operating system. The stock rose 5.2% in pre-market trading.
- 123jump.com Staff
- 26 Apr, 2007
- New York City
U.S. stocks closed higher for the second day in a row helping markets in Europe and Latin America. Asian markets rallied in overnight trading. Strong earnings from Exxon Mobil, Potash, 3M, Comcast and smaller than expected loss at Ford helped stocks to advance. After the close Microsoft earnings rose 65% on 32% rise in sales. Apple closed up 5% on earnings rise of more than 100%. Oil and gold dropped but sugar advanced.
- 123jump.com Staff
- 26 Apr, 2007
- New York City
Largest cable company Comcast reported first quarter revenue increase of 32% and earnings growth of 22% when adjusted for one time gain. The earnings rose 80% when one time gain of $50 million is included. The company reported average subscription rate for basic cable service of $60 per month. California retailer Safeway reported revenue rise of 5% and earnings gain of 22%. Fertilizer company Potash earnings in the first quarter jumped 58%.
- Elena
- 26 Apr, 2007
- New York City
European stock markets closed higher Thursday after hitting new 6 1/2-year highs, boosted by well received earnings reports as well as solid gains on Wall Street. German pharmaceutical Bayer rose 1.2% after the company posted higher-than-expected profit rise. France Telecom rose 3.2% on higher Q1 sales. ABB rose 4.8 % after the Swiss-Swedish engineering firm, said its Q1 profit more than doubled. The German DAX 30 rose 0.6%, the U.K. FTSE 100 rose 0.1%, while the French CAC 40 ended flat.
- Elena
- 26 Apr, 2007
- New York City
U.S. stocks turned flat, despite surging shares of Apple and solid gains for 3M and Ford. Investors turned to profit-taking after the recent rally of the Dow Jones, crossing 13,000. Apple shares jumped past the $100 to set a new all-time high after the company reported an 88% surge in Q2 earnings. General Motors gained 1.8%, following 4.4% gain for rival automaker Ford on narrower-than-expected loss. 3M led the blue-chip gainers with an advance of 4% on strong earnings and broker upgrade.
- Elena
- 26 Apr, 2007
- New York City
Ford rose 4.8% as the automaker posted a narrower-than-anticipated Q1 loss, helped by stronger performance at its international units and higher revenue. Ford reported a net loss of $282 million, or 15 cents a share, compared with a loss of $1.4 billion, or 76 cents a share a year earlier, above estimates of 60 cents loss.
- Elena
- 26 Apr, 2007
- New York City
Wall Street opened modestly higher on Thursday, with the Dow Jones moving further above the 13,000 mark on much stronger-than-expected earnings from Apple and upbeat results from 3M Corp. and Ford Motor Co. On the Dow, 3M climbed 4% after its earnings beat estimates and Prudential Securities upgraded the stock. Fellow Dow member Ford rose 4.6% after the automaker reported a narrower adjusted loss than analysts had anticipated. Apple traded up 5% on 88% earnings jump in Q1.
- Ivaylo
- 26 Apr, 2007
- New York City
London stocks made strong progress on Thursday, supported by robust overnight gains on U.S. markets. Barclays and Royal Bank of Scotland were in focus as their bid battle for control of ABN Amro continued. Miners and in-favour drugs group Shire also drove the benchmark index higher. The FTSE 100 rose 27.8 points to 6,489.5
- Ivaylo
- 26 Apr, 2007
- New York City
Asian markets ended higher across the region Thursday, as Japanese market continued its upward trend with Sony rising on reports it will soon list its financial unit, while Kyocera advanced on its earnings report. Markets in China, South Korea and Indonesia all closed at new records. HK also advanced.
- Elena
- 26 Apr, 2007
- New York City
U.S. stock futures rallied on Thursday, leading the market to another session of solid gains wuith the halp of Apple and Ford. Apple surged 8% after it reported an 88% profit rise in Q1, helped by record iPod sales and Mac computers. Ford jumped 7% in the pre-open after the car maker posted a much smaller adjusted loss than analysts anticipated. Upbeat quarterly results released by 3M and Exxon Mobil also contributed to the positive market mood.
- Elena
- 26 Apr, 2007
- New York City
The company earned record $1.4 billion or $1.85 per share, up from 899 million, or $1.17 per share in the first quarter of 2006. First quarter 2007 net income included a net profit of $422 million, or 57 cents per share, due to a gain on the sale of the branded pharmaceuticals business in Europe.
- Ivaylo
- 26 Apr, 2007
- New York City
The benchmark index opened with a positive bias and traded firm in morning deals on buoyant global market but volatility appeared at noon and the market plunged on account of selling in April derivatives contracts. The Sensex made a recovery later and finished in positive territory. Grasim led the advancers, while Tata Steel was the worst performing stock. The rupee hit a 9-year high against the dollar today.
- Ivaylo
- 26 Apr, 2007
- New York City
European markets advanced for a second straight day after earnings reports in the engineering, drug and metals industries topped estimates. ABB rallied to the highest in six years after profit more than doubled and Bayer gained after earnings increased almost fivefold. French and German markets traded back at highs, with the German DAX Xetra 30 index rising over the 7,400 level, up 0.8%, and the French CAC-40 index up 0.4%, while the U.K. FTSE 100 index rose 0.6%.
- Ivaylo
- 26 Apr, 2007
- New York City
A combination of factors including a strike threat in Peru and a depletion of copper inventories pushed up copper futures on Wednesday. Gold futures ended near steady after twisting and turning in a narrow range as a recent consolidation trend continued. Silver, platinum and palladium all posted inside sessions, in which the highs and lows were contained within the trading bands on the previous day.