- Elena
- 09 Apr, 2007
- New York City
U.S. stocks traded mixed on Monday morning, reflecting cautiousness ahead of Q1 earnings season and modest support provided by deal news and a delayed reaction to Friday''s robust jobs report. Tech stocks traded mixed. Advanced Micro Devices rose 4% although it lowered its Q1 revenue forecast. Semiconductor equipment makers Applied Materials and KLA Tencor Corp. declined 0.2% and 1.3%, respectively.
- Elena
- 09 Apr, 2007
- New York City
U.S. stock markets saw a positive start of Monday trading session, lifted by deal news, as well as easing economic growth concerns on the back of robust jobs report. Dow Chemical was sent 6.6% higher by a report, saying that the company is the target of $50 billion leveraged buyout. In other deal news, Dow component Citigroup lost 0.1% after it agreed to buy Taiwan''s Bank of Overseas Chinese for about $426 million in cash.
- Elena
- 09 Apr, 2007
- New York City
Wall Street looked poised for higher reopening after the three-day Easter holiday. U.S. stock futures rallied, boosted by stronger-than-expected jobs data in March and a report that Dow Chemical Co. is the target of a $50 billion buyout offer. The Labor Department said Friday that nonfarm payrolls expanded by 180,000 in March, while the unemployment rate slipped to 4.4% from 4.5% in February. In corporate news, Citigroup said it was buying Taiwan''s Bank of Overseas Chinese for $426 million.
- Elena
- 09 Apr, 2007
- New York City
U.S. stock markets failed to sustain the initial strength and turned to lackluster trading. Despite the pullback by the major averages, the transportation sector moved notably higher, led by Burlington Northern. The railroad company jumped 7.1% on the heels of news that Warren Buffett''s Berkshire Hathaway became the biggest shareholder, as he bought a 10.9% stake in the railroad company.
- Ivaylo
- 09 Apr, 2007
- New York City
The benchmark index opened with a positive bias mirroring the robust global markets. Sentiment was also boosted by renewed interest at higher levels as well as by short covering ahead of the earnings season. Steel, IT, cement, banking, telecom and auto stocks ended higher Tata Steel and ITC led the advancers, while Bajaj Auto was the only declining large-cap stock. Prime Minister said on Monday that projects such as the gas cracker will bring development opportunities for the state.
- Elena
- 09 Apr, 2007
- New York City
A consortium of Middle Eastern investors and American buyout companies is reportedly preparing a bid offer valued at $50 billion. Half of the capital is being provided by investors from Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman. A number of U.S. buyout firms including Kohlberg Kravis Roberts are responsible for contributing the rest of the financial resources.
- Ivaylo
- 09 Apr, 2007
- New York City
Asian markets closed higher Monday as Japanese export-oriented stocks got a lift from U.S. economic data and the increase of dollar against the yen. South Korea advanced to another record high, finishing above 1500 for the first time as construction stocks gained. Markets in Hong Kong, Australia, New Zealand and the Philippines were closed Monday for holidays.
- Ivaylo
- 06 Apr, 2007
- New York City
Japanese stocks declined slightly on Friday, as real estate and auto shares fell in subdued trading. Markets in China and South Korea advanced, while markets in Hong Kong, Taiwan, Singapore and Australia were closed for a holiday. South Korean stocks finished flat, with significant advances in shipbuilders and Korean Air countered by losses in large-cap technology and financial stocks.
- Ivaylo
- 06 Apr, 2007
- New York City
Trading was light before the long Easter weekend. Wheat futures rallied Thursday on worries that freezing weather will harm the developing winter wheat crop during a cold snap over the next several days. Corn futures followed wheat higher Thursday. In precious metals trading on the Nymex, gold and silver were supported by short covering before the long weekend, as well as the dollar''s weakness against the euro.
- 123jump.com Staff
- 05 Apr, 2007
- New York City
Market averages in New York gained a little on a drop in oil, $4.5 billion bid for Chrysler, and revenue upgrade for Yahoo. Initial claims for U.S. unemployment rose to 321,000 last week from revised 310,000 a week ago. Daimler Chrysler rose 5%, GM jumped 2%, and Rockwell Automation fell 5.4% and Monster Worldwide lost 16%. Oil dropped a lowered tension in the Middle East. European markets gained and market in Shanghai rose for the fourth days in a row.
- 123jump.com Staff
- 05 Apr, 2007
- New York City
Kerkorian controlled company offers $4.5 billion cash for Chrysler Group. Daimler Chrysler rose 4% lifting broader averages. Semiconductor stocks were in focus after mixed outlook on Micron Technology from brokers. Rackable Systems declined 17%, WebMethods rose 26%, and Fuwei Films Holdings leapt 20%. Cox Radio jumped 8% on upgrades.
- Elena
- 05 Apr, 2007
- New York City
European stocks closed in the positive territory Thursday, supported by U.K. banking stocks after BoE kept interest rates unchanged. The U.K. stocks were boosted by shares of mortgage bank Alliance & Leicester, which rose 1.6%. On the side of the losers, DaimlerChrysler dropped 1.5% and truckmaker Volvo slipped 2.7%, as both traded without rights to the next dividend payment. .K.''s FTSE 100 rose 0.5%, the French CAC-40 index rose 0.04%, and the German DAX Xetra 30 index climbed 0.4%.
- Elena
- 05 Apr, 2007
- New York City
Wall Street traded in a light pre-holiday mood Thursday as investors, awaiting the release of March employment figures, keeping a cautious tone ahead of a three-day weekend. In corporate news, Constellation Brands rose 2.7% after it reported 26% profit increase in Q4. Among decliners, mattress maker Sealy fell 4.7% after it reported 7% profit rise in Q1 on lower prices. Nokia added 1.3%, while Qualcomm slipped 2.6% after Nokia agreed to pay Qualcomm $20 million in Q2 for using its UMTS license.
- Elena
- 05 Apr, 2007
- New York City
Wall Street started trading narrowly mixed on Thursday after a three-day winning streak and ahead Friday''s release of key employment data. There was little reaction to the latest initial jobless claims figures, which rose to their highest weekly level. Investors cautiousness was also attributed to the fact that the stock market is closed on Friday for the Easter holiday. In corporate news, Micron Technology fell 1.2% due to disappointing quarterly results, followed by a brokerage downgrade.
- Ivaylo
- 05 Apr, 2007
- New York City
London stocks received a boost on Thursday as the Bank of England chose to keep UK interest rates unchanged. Investors had forecast that the Monetary Policy Committee would raise rates to 5.5%, although a rise in May now is mostly likely. However, there was little corporate news to excite as trading was subdued ahead of the Easter break. A touch lower before the mid-day rate decision, the FTSE 100 was up 10 points to 6,374.7 just after the bank announcement.