- 123jump.com Staff
- 02 Oct, 2008
- New York City
General Electric, one of the very few AAA rated companies was forced to raise $12 billion in public offering that closes before the market opening today. The company also struck a tough deal with Warren Buffett controlled Berkshire Hathaway for $3 billion at 10% dividend and a cheap warrant.
- 123jump.com Staff
- 01 Oct, 2008
- New York City
Xstrata after facing difficult financing conditions abandons its Lonmin takeover offer at
- 123jump.com Staff
- 26 Sep, 2008
- New York City
JP Morgan raised $10 billion and may raise additional $1.3 billion to pay for the recent purchase of the banking operations of Washington Mutual and will have the second largest branch network. The bank will write down WaMu loan portfolio by $31 billion and shut up to 10% of its branches.
- 123jump.com Staff
- 27 Dec, 2007
- New York City
Stocks in Japan declined at close on rising energy prices and slumping construction. a weakness in the housing market related to new building code was confirmed in the November data. Housing starts in November plunged 27% from a year ago and declined 35% from October. Construction equipment unit shipment rose 10.4% in November and exports increased 15% in value. Auto unit production in the month rose 3.8% and exports from Japan increased 8.1%.
- Elena
- 11 Sep, 2006
- Frankfurt
European markets finished mostly in the negative, pressured by weakness among resource stocks as crude oil and gold prices moved steeply down. Resource companies like BHP Billiton and Rio Tinto slipped over 4%. London FTSE 100 closed down 0.5%, the French CAC 40 fell 0.3%, while the German DAX reversed earlier losses to add 0.1%.
- Elena
- 11 Sep, 2006
- New York City
Losses by resource stocks and a decline by the shares of Dell kept market averages in the negative territory. Gold stocks sharply dropped, as the price of gold pulled back below $600 an ounce. Oil giant and Dow component Exxon Mobil Corp. was a notable decliner, off 2.8%. Computer maker Dell fell 1.7% after it said it would delay its Q2 earnings filing.
- Elena
- 11 Sep, 2006
- Mumbai
Market opened up but plummeted in Monday trading. An intense sell-off emerged in blue-chips, hitting metals, pharma stocks and cement. Hindalco and Tata Steel led the decliners. Indian external debt increase was much lower this fiscal year than last fiscal year. Prime Minister Mr. Singh will be visiting Brazil to pormote trade between two nations.
- Elena
- 11 Sep, 2006
- New York City
U.S. stocks started trading in the negative, as declining oil prices dragged energy shares lower and downbeat news from Dell further weighed on the sentiment. Dell Inc. fell 3.9% after announcing it will delay filing its fiscal Q2 report and suspend its share repurchase program due to accounting probes.
- Ivaylo
- 11 Sep, 2006
- London
Plunging copper prices pushed miners into negative territory while the declining oil pressed energy stocks down. Royal Ducth Shell and BG group suffered heavily from the lower oil prices. BHP Billiton led the decliners. Vodafone advanced but failed to provide some respite to the downward trend on UK markets. Prudential also edged up on a bid with Swiss Re. The FTSE 100 in London shed 0.6% at mid-day trading.
- Elena
- 11 Sep, 2006
- New York City
Stock market futures traded lower across the board Monday, dragged by retreating crude oil prices. Investors were also anxious ahead of inflation data releases due out this week, expected to shed light on the outlook for interest rates. In corporate news, Dell dropped 3.4% on news it will delay filing its Q2 report and suspend its buyback program. Freescale Semiconductor jumped 19% before market open after a consortium of investment firms came close to a deal Sunday to acquire the company.
- Elena
- 11 Sep, 2006
- New York City
The transaction price represents a 43% premium to NS Group''s share price of $46.15 Friday. Ipsco will finance the purchase with cash and debt from a committed bank-credit line. The transaction, which is expected to close in 2006, has been approved by both companies
- Ivaylo
- 11 Sep, 2006
- New York City
Japanese stocks declined after a fall in a key corporate-spending indicator raised worries that the economic recovery may be faltering. In Hong Kong, shares followed a sharp decline in regional markets, led by China-related and property companies. Stocks in South Korea closed lower on foreign selling, led by losses in banking and automobile stocks. In Australia, growth worries hit the stock market for the fourth day.
- Ivaylo
- 11 Sep, 2006
- Frankfurt
European stocks came under pressure on Monday as lower commodity stocks pressured indexes, although some potential merger and acquisition news provided some support. The U.K. FTSE 100 index slipped 0.4%, the German DAX Xetra 30 index dipped 0.3% and the French CAC-40 index edged down 0.5%.
- Ivaylo
- 11 Sep, 2006
- Metals
The strenghtening of the U.S. dollar, especially against the euro currency, has really changed the tone to the metals markets. It was more commodity fund liquidation after traders ran into the market on Tuesday. They all started unwinding their positions on Thursday and it continued on Friday. Also, technically oriented selling sent copper futures lower.
- 123jump.com Staff
- 08 Sep, 2006
- New York City
Market averages picked up some more momentum with only two hours to go. Nasdaq and Dow led the advancing indexes. Tech stocks maintained a positive momentum. Lennar and St Joe are the latest to release cautious news in the home builder segment. St Joe will exit the Florida home building market and Lennar revised the earnigs lower. Orient Express jumps 8% on rating upgrade. New Oriental Education jumps 3% on the second day of trading.