- Elena
- 13 Apr, 2007
- New York City
General Electric reported 2% increase in Q1 earnings, helped by strong demand for electricity-generating turbines, jet engines and other heavy equipment. GE said its profit rose to $4.51 billion, or 44 cents per diluted share, from $4.44 billion, or 42 cents, a year earlier, meeting analyst estimates.
- Elena
- 13 Apr, 2007
- New York City
Wall Street started trading mixed on Friday. On the one hand, the market sentiment was lifted by hopes that the Fed Reserve will cut interest rates to boost the nation''s economy, but on the other, technology shares weighed by a product delay at Apple Inc. The company''s shares dropped 1.2% after it said that the next upgrade of its Mac operating system, Leopard, will be released in October. At the same time, the Dow was supported by Merck & Co. which surged 7.6% on lifted outlook.
- Elena
- 13 Apr, 2007
- New York City
U.S. stock futures pointed to a higher opening on Friday, boosted by news of tame core producer prices and positive earnings and forecasts from GM, Merck and McDonald''s. The Labor Department reported that wholesale prices rose 1% in March due to more expensive gasoline and food, while core prices remained unchanged. GM rose 1% before the open after the bellwether''''s Q1 results came in line with expectations. Merck rose 4.3% after lifting its profit forecast for the year.
- 123jump.com Staff
- 12 Apr, 2007
- New York City
U.S. stocks rose after takeover speculation lifted health-care companies and oil rose. Apparel and luxury retailers posted strong growth in March same-store sales and generally topped analysts expectations amid the run-up to Easter. American Eagle Outfitters jumped 3.1%. Wal-Mart Stores warned it may miss first-quarter earnings expectations Railroads rose for the second day Burlington Northern rose 4.8%, Norfolk Southern added 4.9%, CSX moved ahead 3.9%, and Union Pacific gained 4.4%.
- 123jump.com Staff
- 12 Apr, 2007
- New York City
Stocks pushed higher as investors looked past warnings of lackluster retail sales and a greater-than-expected increase in weekly jobless claims. apparel retailers showed a better than expected same store sales growth. Mothers Work, Abercrombie & Fitch, Pacific Sunwear, and United Retail reported rising same store sales. Nordstrom reported 15% rise in same store sales. Wal-Mart sales rose 4%. Warm weather and early Easter helped retailers
- Elena
- 12 Apr, 2007
- New York City
European stock markets finished slightly lower on Thursday amid weakness in the shares of automakers Renault and DaimlerChrysler, pressured by higher oil prices. Merger news, involving food group Nestle and Nordic exchange operator OMX, failed to lift sentiment. ECB provided some relief by leaving interest rates unchanged. The U.K.''''s FTSE 100 closed virtually flat at 6,416.40, while the German DAX 30 declined 0.1%, and the French CAC-40 slipped 0.1%
- Elena
- 12 Apr, 2007
- New York City
U.S. stocks reversed from early losses, as investors turned to bargain hunting, looking past warnings of lighter retail sales in April, losses for Research in Motion and rising oil prices. The major averages benefited from significant strength among biotechnology stocks, led by MedImmune which surged 12% on news that it is considering a sale of the company.
- Elena
- 12 Apr, 2007
- New York City
Genentech said Q1 profit surged 68% and sales climbed 43% although sales of two of its key cancer treatments came in lower on a sequential basis. The stock dropped 2.5%. Nautilus tumbled 16.3% after it cut its Q1 earnings forecast to the range of 8 cents to 9 cents a share, down from a previous forecast of 18 cents to 21 cents on revenue of $185 million to $195 million. MarineMax dipped 15% after it sharply cut its 2007 profit guidance. Men''''s Wearhouse fell 6% on disappointing outlook.
- Elena
- 12 Apr, 2007
- New York City
Wall Street opened in the negative despite strong retail sales in March. The negative sentiment was generated by warnings of lackluster sales in the month of April. Wal-Mart fell 0.7% following a stronger-than-expected results but a tepid outlook for April. Abercrombie & Fitch added 2.3% after posting 7% growth in March same-store sales, while Pacific Sunwear surged 7% as its same-store sales rose 14%. Pier 1 Imports lost 1% after reporting a decline in Q1 same-store sales and a quarterly loss.
- Ivaylo
- 12 Apr, 2007
- New York City
The UK market continued to decline in mid-day trade on Thursday, as expectations for further deal-making activity faded away, leading to losses for companies loosely linked with potential bids. Large-caps were well below their start point despite an upbeat trading statement from SABMiller as the brewer reported full year trading in line with management''''s expectations. The FTSE 100 fell 0.4 % to 6,387.4, a decline of 25 points.
- Elena
- 12 Apr, 2007
- New York City
U.S. stock futures turned lower on Thursday, as investors digested warnings of weak retail sales and data showing higher-than-expected rise in jobless claims. Wal-Mart said its March same-store sales rose 4%, exceeding expectations of 1.6% increase. J.C. Penney Co. reported 10.6%same-store sales rise, boosted by strength in apparel categories. In earnings news, Genentech said Q1 profit surged 68%. Research in Motion fell 7% after it missed forecasts and gave a disappointing profit outlook.
- Ivaylo
- 12 Apr, 2007
- New York City
Asian markets finished mostly in negative territory on Thursday, as export-related stocks declined on worries that slower economic growth in the U.S. could hurt demand for their products, but strong gains and earnings expectations buoyed indexes in China and South Korea to record highs. In Japan, stocks fell after minutes of the last U.S. Federal Open Market Committee meeting, indicating possible new rate hikes.
- 123jump.com Staff
- 09 Jan, 2008
- New York City
Property stocks and gold miners helped the market recoup early losses in Hong Kong trading. Hang Seng index bucked the downtrend in the morning session rising to a six week high at 1.9% or 502.95 at 27,615.85. Gold stocks climbed after record gold price.
- 123jump.com Staff
- 09 Jan, 2008
- New York City
Stocks in Mumbai edged lower after a rise in the last six days of trading. Sensex in Mumbai closed down 4 or 0.2% to 20,870. Of the stocks traded on BSE, 757 shares advanced, 2,137 declined, and 25 remained unchanged. Of the BSE shares, Reliance Industries declined 0.6% to 3,031.95 rupees. Bharat Heavy Electricals shed 2.02% to 2,443.80 rupees, Larsen & Toubro slid 0.07% to 4,329.8 rupees while Suzlon Energy 1.4% to 2,241.6 rupees.
- 123jump.com Staff
- 09 Jan, 2008
- New York City
November retail sales in Australia rose 0.8% after a revised October sales increased 0.3%. The news lifted Australian dollar but failed to lift ASX 200 Index in Sydney trading. Investors worried that the U.S. economy may be heading for recession sooner than expected. Commonwealth Bank of Australia, the third bank, to increase intertest rates in the last one week.