- Ivaylo
- 23 Apr, 2007
- New York City
Barclays agreed to buy ABN Amro in the largest-ever banking deal sending European markets to a six-and-a-half-year high Monday, supported also by favorable updates from Swiss company Novartis and Nestle. Novartis led drugmakers higher after posting first-quarter profit that topped expectaions. The German DAX Xetra 30 index rose 0.1%, the U.K. FTSE 100 index rose 0.1% and the French CAC-40 index increased 0.2% a morning after the first round of the French presidential election.
- Elena
- 23 Apr, 2007
- New York City
Barclays offered 3.225 of its shares for each ABN Amro shares, valuing the Dutch bank at 36.25 euros a share including a previously-announced 0.60 euros final dividend. The offer is a 33% premium to the price on March 16. A lot of analysts expect a rival to outbid the offer. ABN Amro shares climbed 1.1% to 36.70 euros in morning trading. Shares in Barclays lost 1.4% in London.
- Ivaylo
- 23 Apr, 2007
- New York City
Gold futures ended higher Friday, supported by overnight Asian buying and fresh investment interest after a downward correction Thursday. Platinum was perhaps the biggest advancer of the day in the precious metals market, with July platinum climbing on sustained anticipation of exchange-traded funds soon to be launched in Europe. In Nymex energy trading, crude oil futures expired Friday, surging sharply as traders covered oversold positions.
- 123jump.com Staff
- 07 Jan, 2008
- New York City
European markets dropped on a weakness in metals and mining sector, declining financials, and falling retailers. Marks & Spencer, Next, Kingfisher, and Sainsubury declined on the worries that retail sales in the holiday period were weaker than estimated. Credit Suisse and UBS declined after a local Swiss report suggested that new capital may be required in the banks. Credit Suissse dropped 2.6%. Xstrata fell 6% and BHP declined more than 3%.
- 123jump.com Staff
- 07 Jan, 2008
- New York City
U.S. stocks traded sideways as tempers rose with a near altercation between Iranian and the U.S. Navy. Three popular averages closed with fractional changes. Jeffries reported that it may have lost as much as $24 million in two trading accounts using funds. The Treasury Secretary Henry Paulson comments suggested that housing market slowdown may prompt a correction in economic grwoth. He stressed that the economy is still resilient. Crude oil fell on global economic worries.
- 123jump.com Staff
- 20 Apr, 2007
- New York City
U.S. averages rose on the bank of steady stream of positive earnings. American Express, Caterpillar, Honeywell, McDonalds, Pfizer and Google earnings supported market enthusiasm. China Citic Bank raised $5.4 billion in preparation of simultaneous listing in Shanghai and Hong Kong. European markets closed higher on merger talk between Societe Generale in France and Unicredit in Italy. Sony Ericsson profit doubled on rising sales of mobile handsets in Europe.
- 123jump.com Staff
- 20 Apr, 2007
- New York City
Averages in New York trading maintained gains in the late afternoon trading on positive earnings from American Express, Honeywell and Caterpillar. Caterpillar, American Express gained 4.5% and Honeywell advacned 5%. Google jumped after beating expectations with an increase of 3.4%. Oakley rose 13% and NVR jumped 10% on earnings.
- Elena
- 20 Apr, 2007
- New York City
European stock markets rebounded to close sharply higher Friday. The positive sentiment was generated by merger speculation in the banking sector, a bidding war for pharmacy chain Alliance Boots, and stronger-than-expected profit for technology group SAP. Shares in Societe Generale surged 7.7% on speculations that the bank is in merger talks with Italy''s UniCredit. Shares of UniCredit rose 3.9%. The German DAX 30 climbed 1.4%, and the French CAC-40 gained 1.9%, and the U.K. FTSE 100 rose 0.7%.
- Elena
- 20 Apr, 2007
- New York City
U.S. markets continued to post gains, benefiting from stronger-than-expected earnings from Dow members like Caterpillar, Honeywell, American Express which boosted the index toward its first assault on the 13,000 mark. The Nasdaq and S&P''s 500 were both at six-year highs. In deal news, the largest U.S. shoes retailer Foot Locker made an unsolicited $1.2 billion bid for Genesco to gain footwear chains including Journeys and Johnston & Murphy.
- Elena
- 20 Apr, 2007
- New York City
Honeywell International rose over 3% on better-than-expected Q1 profit and lifted full-year forecast. Among other earnings-related movers, American Express rose 3% after posting stronger-than-expected quarterly earnings.
- Elena
- 20 Apr, 2007
- New York City
U.S. stock averages posted solid gains at opening Friday, with the Dow Jones hitting another record high, boosted by a sharp rebound in Asian markets, upbeat earnings at Caterpillar and Google, as wel as an H&R Block deal to sell its mortgage lending unit. Caterpillar rose 5% after the company said its Q1 net income fell below the year-earlier level, but exceeded estimates.
- Ivaylo
- 20 Apr, 2007
- New York City
FTSE has powered forward as the battle for Alliance Boots has turned into a full-scale auction for the chemist chain between KKR and Stefano Pessina and private equity group Terra Firma. Vodafone traded higher on speculation about the possible sale of its Verizon Wireless stake. Boots was the biggest advancer in the FTSE 100, which was up 45.8 points to 6,486.0.
- Ivaylo
- 20 Apr, 2007
- New York City
Asian markets rallied Friday, recovering from sharp drops in the previous session caused by worries that economic growth in China could lead to additional interest-rate hikes. Japanese markets gained on Toyota Motor and other exporters helped by a weaker yen and firm trading in overseas markets. All the major indices advanced.
- Elena
- 20 Apr, 2007
- New York City
U.S. stock market futures advanced on Friday, boosted by a rebound in global markets, as well as strong earnings reports from technology bellwethers Google, Advanced Micro Devices and industrial companies Honeywell and Caterpillar. Google gained 4% in the pre-open on 69% profit jump in Q1, while AMD rose 2% although it swung to Q1 loss of $1.11 a share. Dow members Caterpillar and Honeywell rose 5.8% and 2.9%, respectively on better-than-expected Q1 profit.
- Elena
- 20 Apr, 2007
- New York City
Pfizer said its net income fell to $3.39 billion, or 48 cents per share, down from $4.11 billion, or 56 cents per share, a year ago. However, excluding one-time items, the company reported adjusted profit of $4.8 billion, or 68 cents per share, up from $4.35 billion, or 59 cents per share, beating estimates of 57 cents. The drug maker also cut its adjusted earnings per share for 2007 by 10 cents.