- Elena
- 27 Dec, 2005
- New York City
A decline in oil and natural gas prices, optimism on holiday shopping season, and a $2.5 billion aircraft order for Boeing sent averages modestly higher at the opening of Tuesday session. At mid-day stocks changed direction as investors locked in early gains and the major averages moved into the negative territory with the Nasdaq being the biggest decliner.
- Elena
- 27 Dec, 2005
- New York City
After the long holiday weekend U.S. stock markets opened higher, boosted by a decline in oil prices, gains in Caterpillar, Boeing and Honeywell, and signs that retailers had respectable holiday sales with U.S. consumer spending up 8.7% during the holiday shopping period. As many traders are still away for the holiday and no major news is scheduled for the day, a day of light trading is expected with traders focused on treasury notes.
- Elena
- 27 Dec, 2005
- New York City
Asian-Pacific benchmarks finished mixed with several bourses still closed. The Nikkei dropped 0.9%, retreating from record highs on consumer prices data. European sttocks slightly advanced at mid-day with Belgium brewing company InBev in the spotlight. Guidant warned that its Q4 profit will fall short of estimates. The company projected earnings in the range of 17 cents to 23 cents per share on revenue of $790 to $820 million.
- Elena
- 26 Dec, 2005
- New York City
Hectic post-holiday shopping started early Monday morning as retailers offered discounts, extended shopping hours and fresh new merchandise, making effort to salvage holiday-season sales. Shoppers focused on the discounted holiday merchandise, from ornaments to sweaters. The world
- Elena
- 26 Dec, 2001
- New York City
Global M&A volume increased 38% to $2.9 trillion in 2005 with Procter & Gamble''s $60.8 B acquisition of Gillette the largest deal of the year. M&A volume in the U.S. and Europe reached $1.1 trillion, Asian-Pacific M&A volume hit a record $474.3 billion, up 46% from $324.5 B in 2004. Initial public offerings of stock around the world climbed 23% to $169.6 B. Europe, Africa and the Middle East were the most active regions, with $66.8 B in IPOs.
- 123jump.com Staff
- 23 Dec, 2005
- New York City
Bond and gold markets were the only financial markets that showed normal level of activities. Bonds in thin trading rose as durable goods orders rose and new home sales declined. Gold advanced little but demand for gold remained high from India and Middle East. Pace of deal making did not slacken. Texas inst, Affiliated Computers, NBC, Tommy Hilfiger kept bankers busy. Natural gas price fell 10% for the week but copper traded at record and silver and gold traded near record levels.
- Elena
- 23 Dec, 2005
- New York City
U.S. stocks traded in a low volume as it was expected with investors reluctant to make any significant moves ahead of the long holiday weekend. The averages modestly advanced at start but failed to build a significant upward momentum, despite news that orders to U.S. factories for big-ticket manufactured goods jumped by the largest amount in six months. In corporate news, Tommy Hilfiger agreed to be bought by Apax Partners for $16.80 a share, or $1.6 billion.
- Elena
- 23 Dec, 2005
- New York City
Stock markets ticked up at opening on Ford Motor''''s health-care deal, merger-and-acquisition news, as well as economic data. Ahead of the Christmas holiday investors seem reluctant to make significant moves and only thin trading is expected. In earnings news, General Mills posted Q2 earnings rise of 97 cents a share, exceeding estimates, while American Greetings Corp missed estimates reporting Q3 profit decline, reflecting charges.
- Elena
- 23 Dec, 2005
- New York City
November orders for durable goods exceeded expectations with a rise of 4.4% due to orders for civilian aircraf, following a 3% increase in October. Asian-Pacific benchmarks finished mixed with the Nikkei closed in honor of the Emperor''s birthday. Taipei''s Weighted index surged 1.5%, South Korean Kospi climbed 0.6%, led by Samsung Electronics, up 1.7%. European stocks advanced at mid-day with London''s FTSE 100 hitting a four-year peak of 0.1% to 5,600.
- 123jump.com Staff
- 22 Dec, 2005
- New York City
Traders showed interest in buying stocks on the rise in personal income, limited rise in inflation deflator, and unexpected fall in unemployment claims. Positive news on earings from RedHat, A G Edwards, General Mills, Paychex, ConAgra supported a broad rise in equities. American Greetings, Bed Bath & Beyond and Micron Tech disappointed the market.
- Elena
- 22 Dec, 2005
- New York City
Thursday morning session was one of low trading volume with stocks rising at opening and then easily losing steam. U.S. market averages struggled but failed to build upward momentum as investors digested upbeat economic data which eased inflation worries against mixed corporate news from the tech sector. Micron Technology threatened the tech sector, releasing a disappointing report, while a better-than-expected profit rise of Research in Motion, provided support.
- Elena
- 22 Dec, 2005
- New York City
The Commerce Department reported that personal income in November rose at a seasonally-adjusted rate of 0.3% compared with a growth rate of 0.5% in October. Personal spending also climbed 0.3%, following a 0.2% increase the previous month. In another report the Labor Department stated that initial jobless claims declined 13,000 to 318,000 for the week ended Dec 17 versus expectations of a more modest dip to 325,000.
- 123jump.com Staff
- 22 Dec, 2005
- New York City
A familiar pattern of trading may be repeated today on a day of light trading ahead of holidays. Earnings news from maker of BlackBerry, General Mills, ConAgra, A G Edwards and American Greetings to dominate news. ALbertson is reported to have broken-off the company sale talks. Oil is likely to trade higher at the opening.
- 123jump.com Staff
- 21 Dec, 2005
- New York City
Final read on Q3 GDP was lowered to 4.1% from 4.3% by the Department of Commerce. The latest read on GDP was another indiaction that economic growth is steady despite several shocks from hurricanes, energy prices and outsourcing trends to China and India. Joy Global, Federal Express, Jabil Circuit and CarMax reported stronger than expected earnings.
- Elena
- 21 Dec, 2005
- New York City
Wednesday morning session broke the recent lackluster trading pattern with averages rising on intense merger-and-acquisition activity in the technology and pharmaceutical industries, robust third-quarter GDP growth of 4.1%, easing inflation concerns and strong quarterly earnings from FedEx which posted 33% net income rise for the Q2, well above expectations.