- Elena
- 30 Jan, 2006
- New York City
Stocks opened slightly above the flat line with investors reluctant to make significant moves ahead of the Fed Reserve''s meeting Tuesday. In corporate news, oil giant Exxon Mobil posted Q4 profit jump of $1.71 a share on revenue growth, beating expectations. USG Corp. rose 16% after it agreed to resolve asbestos personal injury claims in a Chapter 11 agreement which will help the company to exit bankruptcy in 2006. Sunoco Logistics posted disappointing Q4 profit and revenue.
- Elena
- 30 Jan, 2006
- New York City
Asian markets ended higher with only four active exchanges in the region because of the Lunar New Year holiday. The Nikkei closed up 0.55%, building on U.S. gains last week. European averages were mixed at mid-day with the German DAX 30 in the lead, up 0.1%. In corporate news, Schering-Plough reversed to profit in Q4, rising 13%, missing estimates by a penny. Kinetic Concepts posted fourth-quarter 36% income growth on 18% revenue increase, beating estimates.
- 123jump.com Staff
- 27 Jan, 2006
- New York City
More than 50% of companies, this week, reported better-than-expected earnings. Earnings related momentum and strength in new home sales took market averages near year-high. Market ignored weak GDP report and rising oil price. Gold and natural gas fell during the day. Microsoft, Catepillar, Proctor & Gamble reported strong earnings. Retail, casinos and tech stocks joined in the rally.
- Elena
- 27 Jan, 2006
- New York City
In mid-day trading U.S. major averages were sitting near intraday highs. Stocks traded in the positive Friday morning with strong quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. Broadcom posted more than doubled Q4 income on 52% sales growth. Mittal Steel launched a $22.8 billion bid for European rival Arcelor.
- Elena
- 27 Jan, 2006
- New York City
U.S. stocks opened slightly higher with better-than-expected quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise of 34 cents a share on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. In deal news, the world''s largest steel company Mittal Steel launched a $22.8 billion bid for European rival Arcelor.
- Elena
- 27 Jan, 2006
- New York City
Asian-Pacific benchmarks rallied Friday, led by huge gains in the Nikkei which rocketed 3.6% to 16,460, posting the biggest one-day rise in four-years. The index jumped 556.66 points, lifted by record-high results released by Sony. European averages gained on Mittal Steel''s bid for Arcelor with the German DAX 30 up 1%. Microsoft posted Q2 profit rise of 34 cents a share on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook.
- 123jump.com Staff
- 26 Jan, 2006
- New York City
Market early rise was supported by strong earnings from defense, financials and tech stocks. Of more than 100 companies to report earnings today, 60% reported better than expected earnings. GM posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted Q4 earnings in line with estimates. First Data rose 7% after it said it will spin off its Western Union business. Chipotle Mexican Grill prices 7.88 million shares at $22, the stock jumps 100%.
- 123jump.com Staff
- 26 Jan, 2006
- New York City
Stocks rallied Thursday morning, lifted by better-than-expected earnings and positive durable goods orders. GM posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted Q4 earnings in line with estimates. First Data rose 7% after it said it will spin off its Western Union business. Chipotle Mexican Grill prices 7.88 million shares at $22, the stock jumps 100%.
- Elena
- 26 Jan, 2001
- New York City
Stocks rallied Thursday morning, lifted by better-than-expected earnings and positive data that signaled economic growth. With 54% rise in Q4 profit, Caterpillar counteracted General Motor''s heavy losses in the fourth quarter and full-year. The automaker posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted a Q4 earnings rise in line with estimates. First Data rose 7% after it said it will spin off its Western Union business to shareholders.
- Elena
- 26 Jan, 2006
- New York City
Stocks opened higher on upbeat economic data and strong earnings from major companies, including Caterpillar, despite General Motor''s heavy losses in the fourth quarter and full-year. The automaker posted Q4 profit loss of $8.45 a share vs. a loss of 18 cents a year ago and a loss of $15.13 per share for 2005 vs. net income of $4.92 in 2004. Eli Lilly swung to profit in Q4. Caterpillar posted 54% profit jump in Q4, above estimates. Honeywell posted a Q4 earnings rise in line with estimates.
- Elena
- 26 Jan, 2006
- New York City
Asian-Pacific benchmarks closed higher on stronger dollar and retreating oil. The Nikkei climbed 1.2%, followed by Taiwan Weighted index, also up 1.2%. European averages advanced on Siemens and Deutsche Telecom, led by the German DAX 30, up 0.9%. In earnings news, Danaher beat estimates by a penny, posting a Q4 profit rise of 81 cents a share. Eli Lilly swung to profit in Q4, posting earnings of 64 cents a share. Caterpillar posted 54% profit jump in Q4, surpassing estimates.
- 123jump.com Staff
- 25 Jan, 2006
- New York City
Weekly oil inventory report was overshadowed by the December monthly existing-home sale report. Industry association, which released the report cautioned that housing market is slowing. Guidant agreed to be acquired by Boston Scientific for $27 billion. Housing stocks contnued their slide on monthly report. Railroads, miners, retailers and restaurants, Crude oil declined close to 2%. Markets in Brazil, India and Germany advance close to 2%.
- Elena
- 25 Jan, 2006
- New York City
Stocks traded in a lackluster fashion Wednesday morning, although oil declined and major companies generated optimism about earnings and merger deals. ConocoPhillips and Netflix posted sharply higher Q4 profits. Colgate-Palmolive and Amerada Hess released better-than-expected Q4 earnings. Bristol-Myers and Kerr-McGee also posted higher Q4 profits. Walt Disney agreed to acquire Pixar for $7.4 billion. Guidant accepted Boston Scientific''s higher offer of $27.2 billion.
- Elena
- 25 Jan, 2006
- New York City
Stocks advanced at opening as major companies generated optimism about earnings and merger deals. ConocoPhillips and Netflix posted sharply higher Q4 profits. Trucking company CNF posted 59% rise in Q4, but missed estimates. DST Systems reported lower net income, but in line with estimates. Ryland exceeded expectations, posting record-high results with 53% profit jump. CheckFree posted tripled Q2 profit, beating estimates. Rediff priced an offering of 3M American depositary shares.
- Elena
- 25 Jan, 2006
- New York City
Asian markets closed higher, led by South Korean Kospi and Taiwan Weighted index, each rising 1.2%. The Nikkei finished flat, while Hong Kong was the only decliner with a loss of 0.07%. European averages gained ground with the U.K.''s FTSE 100 in the lead, rising 0.8%. In earnings news, Bristol-Myers posted higher Q4 profits, citing a lower tax rate. Colgate-Palmolive reported profit above estimates. Kerr-McGee''s Q4 profit jumped on rising energy prices and gains from asset sales.