- Elena
- 01 Feb, 2007
- New York City
U.S. stock futures pointed to a positive opening Thursday, driven higher by computer maker Dell and oil giants Exxon Mobil and Royal Dutch Shell. Exxon posted record-high annual profit of $39.5 B, despite a 4% decline in Q4 profit, citing lower natural gas realizations and refining margins. The company earned $1.76 a share on revenue of $90.03 B, beating estimates. The stock rose nearly 1% in pre-open. Shell''s quarterly net jumped 21%, boosted by record high oil prices.
- Elena
- 01 Feb, 2007
- New York City
Kevin Rollins announced he will quit as chief executive and founder Michael Dell will re-take control over the company in an attempt to regain eroding market share and to deal with an ongoing federal accounting investigation. Following the news, Dell was upgraded at Merrill Lynch and JPMorgan Securities.
- Ivaylo
- 01 Feb, 2001
- New York City
The market recovered on Thursday, supported by a rally in banks, telecom and cement stocks. State Bank of India surged after the government said it would buy the stake of the Reserve Bank of India in SBI by June 2007. Hindalco, Tata Motors and Bharti Airtel were the other large-cap gainers. Tata Steel continued its plunged today. BHEL, Hindustan Lever and HDFC also declined. The government banned the export of skimmed milk powder until the end of September.
- Ivaylo
- 01 Feb, 2007
- New York City
Asian stocks ended higher on Thursday as sentiment was upbeat on the U.S. Federal Reserve decision to keep interest rates on hold. In Japan, stocks bounced, with the benchmark index closing at a new nine-month high as investors bought in major Japanese companies whichhad revised their earnings forecasts upwards. HK was also boosted by the stronger-than-expected U.S. growth. The stock market in South Korea advanced too, while earnings reports boosted Australia.
- Ivaylo
- 01 Feb, 2007
- New York City
Financial, energy and drugs sectors led gainers on European markets after the strong close on US stocks overnight following the Federal Reserve decision to leave US interest rates unchanged. In Europe, financial stocks were in focus with results from Deutsche Bank and French insurer Axa. By mid morning, the FTSE 100 in London climbed 1.1%, Frankfurt Xetra Dax added 0.9%, and the CAC 40 in Paris gained 1.1%.
- Ivaylo
- 01 Feb, 2007
- New York City
The euro, gold and silver all began advancing even ahead of the Chicago PMI, but hit their strongest levels after the report. The Chicago PMI fell to 48.8 in January from 51.6 the month before, when analysts had been expecting a reading around 52. Another report released around the same time showed that U.S. construction spending fell 0.4% in December, when unchanged had been forecast.
- 123jump.com Staff
- 31 Jan, 2007
- New York City
Market closed with a sharp gain in averages on Fed decision to leave rates unchanged. Fed comments suggested that the economy is healthy and outlook on core inflation is improving. Fed suggested that housing market appears to be stabilizing. Google rose before the earnings news but fell close to 4% after the report. Jones Lang LaSalle rose 6% and Navteq, Expeditors Intl and CSX gained 4%. Dell returns at his company to repalce the current CEO. Starbucks earnings up 18%. Oil closed above $58.
- Elena
- 31 Jan, 2007
- New York City
European stocks finished lower on Wednesday, reflecting cautiousness ahead of a U.S. interest rate decision, weakness in the technology sector and losses for car makers after a jump in oil prices. Chipmaker Infineon Technologies shed 1.8%, STMicroelectronics dipped 0.8%. Shares in Peugeot fell 2.4% and DaimlerChrysler AG slipped 1.7%. The U.K. FTSE 100 fell 0.6%, the French CAC 40 declined 0.7%, while the German DAX 30 ended flat at 6,789.11.
- Elena
- 31 Jan, 2007
- New York City
Altria will distribute the 89% of the company it owns to its shareholders on March 30. Each Altria shareholder will get 0.7% of a share of Kraft for each share of Altria they own as of March 16, and they will receive cash in lieu of fractional shares for amounts of less than one Kraft share with an exact distribution ratio to be determined later. Kraft Foods slipped 1.7%.
- Elena
- 31 Jan, 2007
- New York City
The three major market averages were mixed in early trading hours, awaiting the Fed Reserve
- Elena
- 31 Jan, 2007
- New York City
U.S. stocks opened mixed on Wednesday, with blue-chip stocks led higher by Boeing Co. The aerospace giant rose 4.5% after it said Q4 profit doubled on 26% revenue increase and boosted its outlook. SanDisk weighed on the Nasdaq with a decline of 9%, as it swung to a Q4 loss from a year ago, hurt by acquisition-related charges. The company reported a net loss of 17 cents a share, compared with net income of 68 cents last year. It said sales surged 55%, but released a soft sales forecast.
- Ivaylo
- 31 Jan, 2001
- New York City
The market in UK declined on Wednesday in spite of the takeover battle for Corus which ended on a positive note for the shareholders in the Anglo-Dutch steelmaker. However weakness in financial stocks dragged the benchmark index lower as F&C Asset Management gave a warning that it would reconsider its dividend on a sharp decline in assets. The FTSE 100 was trading lower 23.3 points at 6,218.7 by mid-day on Wednesday.
- Elena
- 31 Jan, 2007
- New York City
U.S. stock futures moved to the downside, but data showing faster-than-expected drowth of U.S. economy in Q4 helped to limit losses. The Department of Commerce said that GDP grew at an annual rate of 3.5% in Q4 compared to the 2% rate of growth that was seen in Q3, faster than the 3% growth, anticipated by economists. Investors were also awaiting the Fed''s decision on interest rates and the statement on the interest rate outlook. Economists expect rates to stay at 5.25%.
- Ivaylo
- 31 Jan, 2001
- New York City
The market started on a positive note Wednesday, supported by S&P decision to upgrade India sovereign rating to investment but then dived ahead of RBI review of its credit policy. Despite winning the bid for Corus, Tata Steel pulled the market lower in afternoon trade as investors considered it has overvalued Corus in its offer. Tata led the decliners, while Gujarat Ambuja led the gainers. The Reserve Bank of India hiked its short-term lending rate in an effort to curb inflation.
- Elena
- 31 Jan, 2007
- New York City
The media giant earned $1.75 billion, or 44 cents a share, up from $1.3 billion, or 28 cents, earned in the same period a year ago. Quarterly revenue rose to $12.47 billion from $11.52 billion last year, reflecting gains in its cable-television and networks divisions. Time Warner