- Ivaylo
- 14 Aug, 2006
- Frankfurt
European shares gained ground on Monday, after oil prices plunged in electronic trade and mergers-and-acquisition speculation once more reemerged as a market theme.The U.K. FTSE 100 index added 0.6%, the German DAX Xetra 30 index rose 0.8% and the French CAC-40 index increased 0.8%.
- Ivaylo
- 14 Aug, 2006
- Metals
Union leaders met with the management on Friday to try to resume formal negotiations.Negotiations are expected to go well into the night. Meanwhile, gold settled lower in a summer dull session. Silver and palladium followed gold down.
- 123jump.com Staff
- 11 Aug, 2006
- New York City
Market averages declined in the afternoon trading. In the economic news Japan Central Bank left interest rates unchanged at 0.25% as expected by the market. July retail sales in the U.S. rose 1.4% led by 3.5% rise in auto sales and 2.5% rise in gasoline sales. Canadian miner Inco Ltd. attracted sixth bid for all cash offer of C$86 from the Brazilian mining giant CVRD. Pacific Sun, teenage retailer, dropped to $13.60, forty-month low.
- Elena
- 11 Aug, 2006
- Frankfurt
European markets finished largely in the negative, dragged by U.S. market losses and further weakness in the telecommunications sector. Deutsche Telekom dropped 3%, Vodafone Group lost 1.8% and BT Group lost 0.3%. Companies in France gained on strong second-quarter GDP figures. The German DAX 30 lost 0.1%, London FTSE 100 fell 0.1%, while the French CAC 40 gained 0.2%.
- Elena
- 11 Aug, 2006
- New York City
Stocks were weak Friday morning, reflecting economic slowdown worries. In merger deals, resort operator Intrawest Corp. agreed to be acquired by Fortress Investment Group LLC in a deal worth about $2.8 billion, or $35 a share including debt assumption. The offer represents a 32% premium to the stock''s closing price of $26.51 on Thursday. Company
- Elena
- 11 Aug, 2006
- Mumbai
Trading was highly volatile on Friday as there appeared alternate spurts of buying and selling. The benchmark index ended in positive territory after plunging into the red in mid-noon trade after reports of US embassy warned India of a potential terrorist attack. Reliance and Infosys helped the Sensex firm up in late session. Auto, cement, construction shares and power equipment makers were the major gainers.
- Elena
- 11 Aug, 2006
- New York City
Stocks moved to the downside, hurt by news that Apple Computer would delay its latest quarterly report because of irregularities related to past stock-option grants. Apple''s shares fell 1%. On Wednesday, UnitedHealth Group Inc. said it would delay filing its quarterly report while it evaluates its stock options granted since 1994.
- Elena
- 11 Aug, 2006
- New York City
Stock futures indicated flat to a higher opening Friday as disappointing news from semiconductor companies offset upbeat news from Kohl''s Corp. The specialty department store operator posted Q2 earnings jump of 27.8% to 69 cents per share, up from 54 cents last year on higher revenues, beating estimates. Comparable store sales for the quarter grew 5.5%.
- Elena
- 11 Aug, 2006
- New York City
Shares in British Airways PLC rebounded from yesterday
- Ivaylo
- 11 Aug, 2006
- New York City
The Japanese government stated before markets opened that GDP advanced 0.2% in the April through June period compared to the previous quarter. GDP had been expected to grow at about double that rate. South Korean index was also down on exporters losing ground, while HK moved up on consumer goods companies faired well.
- Ivaylo
- 11 Aug, 2006
- Frankfurt
The losses were inspired by the revealing of the terrorist plot to bomb transatlantic flights. European stocks tracked U.S. markets, which managed to recoup early losses as traders ignored the bomb worries. The FTSE 100 in London added 0.2%, the Xetra Dax in Frankfurt was up 0.55, and the CAC-40 in Paris moved up 0.6%.
- Ivaylo
- 11 Aug, 2006
- Metals
Gold faced selling as market players moved their money out of commodities and into cash bonds. In addition, gold had difficulty recovering, with weakening oil prices providing additional downward pressure. Silver futures were in line with sell-off of gold as the most-traded September contract settled lower.
- 123jump.com Staff
- 10 Aug, 2006
- New York City
As market reached close Dow gained 40.74 points, Nasdaq was up 10.33, and S&P rose 5.30. Stocks fell in morning trading after a terror plot aimed at three airlines was foiled by local authorities. Motivated by falling oil prices and strong earnings, the market recovered slightly in the afternoon. Target announced better than expected Q2 earnings of 70 cents a share up from 61 cents a share in the year-earlier. Expedia reported Q2 earnings of 27 cents a share up from 22 cents a share a year ago.
- Elena
- 10 Aug, 2006
- Frankfurt
European averages finished sharply down, pressured by weakness in the airline and telecom sectors. British Airways fell 5.1%, EasyJet lost 2.1%, and Ryanair was down 1.5%. Travel company TUI dropped 4.1% and Air France-KLM fell 3%. The German DAX 30 was the biggest decliner, down 1.3%, followed by the French CAC 40, down 1%, and London FTSE 100, down 0.6%.
- Elena
- 10 Aug, 2006
- New York City
Stocks traded above the flat line despite the terror plot targeting commercial airliners. Strong earnings lifted sentiment. Target Corp. rose 4% after reporting Q2 net income rose to 70 cents a share from 61 cents a share on sales growth. Same-store sales climbed 4.6%. Viacom''s Q2 profit jumped 23%, helped by the acquisition of DreamWorks. Shares of the company rose 7.5%.