- Elena
- 19 Sep, 2006
- New York City
The deal is expected to complete late this year or at the beginning of 2007, pending regulatory clearance and the approval of Symbol stockholders. The transaction is expected to considerably advance Motorola''s enterprise mobility strategy. Symbol jumped 15.4% in pre-market trading, while Motorola rose 0.4%.
- Ivaylo
- 19 Sep, 2006
- New York City
The Japanese market was responding to regional gains in the morning on Monday but fell back in line with the precarious mood in the afternoon. The Nikkei Average finished slightly higher, with Hitachi and Sony shares dropping as faulty products impacted negatively their outlooks. Hong Kong, Australia, Taiwan and South Korea also declined and only China bucked the downtrend.
- Ivaylo
- 19 Sep, 2006
- New York City
European stocks were little changed on Tuesday, as investors tracked U.S. cautious finish yesterday ahead of U.S. Federal Reserve interest rate meeting this week, despite positive results from miner Kazakhmys and the Bank of Ireland helped to limit downside. The U.K. FTSE 100 index was firm, the German DAX Xetra 30 index edged down 0.1% and the French CAC-40 index was flat.
- Ivaylo
- 19 Sep, 2006
- New York City
Gold settled on a positive note, and after the deep correction, it is not totally unexpected, but it is too soon to tell if this is a point where the market starts stabilizing or if it is just a pause in the correction. The swiftness by which the implosion in gold prices brought the market to bargain-basement levels also encouraged some speculators to move back in with a bit of added confidence.
- 123jump.com Staff
- 18 Sep, 2006
- New York City
Market averages failed to overcome rising oil price and news of widening current account deficit. In the early trading session merger and buyout news dominated trading. In the afternoon trading rise in oil price kept market averages in check. Oil gained 0.8% and gold rose near $10. Asian and Latin American markets rose across both regions. Home builders confidence fell to fifteen year low.
- 123jump.com Staff
- 18 Sep, 2006
- New York City
Index of home builders confidence declined in September to a low at 30, last seen in 1991. The index showed its worst decline in the North East and Western regions in the country. Home builders do not expect the single family home market to recover till mid 2007. Home builders stocks declined in the morning trading. With 1.5% rise in oil price and $10 jump in gold, market averages were on the defensive.
- Elena
- 18 Sep, 2006
- New York City
European markets made a mixed performance at close as higher oil prices contributed to gains by commodities stocks but also pressured the automotive sector. German truck maker Man lost 5.3%, while Swedish counterpart Scania rose 5.9% after Scania rejected a $12.2 billion offer from Man. London FTSE 100 advanced 0.2%, the French CAC 40 erased earlier losses to close flat at 5,146, while the German DAX 30 fell 0.2%.
- Elena
- 18 Sep, 2006
- New York City
The semiconductor sector advanced, with Freescale Semiconductor rising 5.6% after the company agreed to be acquired by a private equity consortium for $17.6 billion. Shares of Getty Images climbed 6% after J.P. Morgan upgraded its rating on the stock to Overweight from Neutral, citing valuation. At the same time, shares of Watson Wyatt dropped 5.2% after UBS downgraded its rating on the company to Neutral from Buy.
- Elena
- 18 Sep, 2006
- New York City
The Sensex traded in a narrow range throughout the day. Strong foreign funds inflows, upbeat Asian markets and the expected positive second-quarter results kept the market in positive territory. Stocks from banking, cement, energy, engineering, pharma and telecom sectors gained today. Aluminium, auto and steel stocks declined. Hindustan Lever led the advancers, while Tata Steel, Tata Motors led the decliners.
- Elena
- 18 Sep, 2006
- New York City
Stock markets opened in the negative, reversing from recent gains with investors awaiting Wednesday
- Ivaylo
- 18 Sep, 2006
- New York City
Large-cap oil and mining stocks led London blue chip index steadily higher through the morning session, buoyed by Royal Dutch Shell move. Oil companies moved higher as well as crude prices improved towards $64 a barrel. The approach of Royal Dutch Shell is no surprise to investors as both companies have been linked in merger talks on a number of occasions. The FTSE 100 was 32.3 points higher at 5,909.3 at mid-day, an increase of 0.5%.
- Elena
- 18 Sep, 2006
- New York City
U.S. stock market futures slightly advanced Monday, supported by solid European gains and a multibillion-dollar deal. Freescale Semiconductor agreed late Friday to be acquired by a private-equity consortium for $17.6 billion, or $40 a share.
- Elena
- 18 Sep, 2006
- New York City
The cash and stock deal represents a 17% premium to Commonwealth''''s closing share price of $35.60 on Sep. 8. According to estimates, Citizens will achieve annual cash synergies of around $30 million from the deal.
- Ivaylo
- 18 Sep, 2006
- New York City
A surge in gains in technology shares boosted markets across Asia, with indexes in Taiwan and South Korea hitting fresh multi-month highs on Monday. In Taiwan, stocks closed at their highest level in more than three months after weekend rallies in Taipei opposing and supporting the president were largely peaceful. Shares in Hong Kong were led higher by property stocks and South Korea stocks finished higher due to a large volume of program buying.
- Ivaylo
- 18 Sep, 2001
- New York City
European markets focused their attention on Scania after the Swedish truckmaker rejected an offer from MAN on Monday as European equity markets made advances. Commodity stocks and a slightly stronger end to Wall Street trading last week also offered support to indexes under pressure from auto stocks. The U.K. FTSE 100 index gained 0.1%, the German DAX Xetra 30 index was unchanged at 5,938 and the French CAC-40 index edged up 0.1%.