- Elena
- 15 Dec, 2001
- New York City
Total CPI for Nov. fell 0.6%, below an expected 0.4% decline, while the more closely watched core rate rose 0.2%, matching expectations.In the week ending Dec. 10, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 1,000 from last-week revised figure of 328,000. In earnings news, both Lennar and Bear Stearns posted strong Q4 earnings, well above estimates, but Goldman Sachs missed the Reuters Estimates consensus of $3.36 by a penny.
- 123jump.com Staff
- 15 Dec, 2005
- New York City
Flood of economic reports suggested that labor market is steady, factory production is rising and consumer prices are in check. November CPI reported biggest monthly decline in 56 years. Bear Stearns and Goldman Sachs reported strong rise in earnigs following a similar rise reported by Lehman Brothers this week. Philip Morris registered victor as Illinois Supreme Court reversed lower court judgement of $10.1 billion, stock of the parent company jumps 4%.
- Elena
- 15 Dec, 2005
- New York City
Industrial output at the nation''s factories, mines and utilities rose 0.7% last month, following a 1.3% rise in October. November CPI fell 0.6%, below an expected 0.4% decline, while the more closely watched core rate rose 0.2%, matching expectations. In the week ending Dec. 10, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 1,000 from last-week revised figure of 328,000.
- Elena
- 15 Dec, 2005
- New York City
Consumer prices fell 0.6% in November, the biggest drop in more than half a century due to record-low gasoline prices. In the week ending Dec. 10, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 1,000 from last-week revised figure of 328,000. In earnings news, homebuilder Lennar posted Q4 profit jump of 53% on improved building process and higher revenue.
- 123jump.com Staff
- 14 Dec, 2005
- New York City
October deficit suggests that the U.S. may be set to cross $725 billion in deficit in 2005. Record oil and natural gas import contributed to deficit in month. U.S. recorded deficit with Canada, EU, Japan and China. Last trade surplus was recorded in 1964 and in 1972-73. Apple shares closed down 3% on double downgrades on valuation. 10-year bond yield fell to 4.44%.
- Elena
- 14 Dec, 2005
- New York City
Oil inventories rose by 900,000 barrels for the week ended Dec 9, climbing to 321.2 million barrels, following an advance of 2.7 million last week. The U.S. October trade deficit unexpectedly rose to an all-time high of 4.4% in October to $68.9 billion as oil shipments soared and the U.S. set deficit records with China, Europe, Canada and Mexico. The Labor Dept report showed that import and export prices in November fell 1.7% and 0.9% respectively.
- Elena
- 14 Dec, 2005
- New York City
The U.S. October trade deficit unexpectedly rose to an all-time high of 4.4% in October to $68.9 billion, surpassing the old record of $66 billion in September as oil shipments soared and the United States set deficit records with China, Europe, Canada and Mexico. The Labor Dept report showed that import and export prices in November fell 1.7% and 0.9% respectively.
- Elena
- 14 Dec, 2005
- New York City
Asian-Pacific benchmarks closed mixed with the Nikkei at its sharpest decline in two months, down 2% on disappointing business sentiment survey. European stocks also traded mixed at mid-day with the German DAX 30 and the French CAC 40 dragged by strong euro and weak exporters. In corporate news, General Dynamics agreed to acquire Anteon International for $2.1 billion, or $55.50 a share. Apple declined after Bear Stearns cut its rating on the company to peer perform from outperform.
- 123jump.com Staff
- 13 Dec, 2005
- New York City
Market traded sideways in the morning despite barrage of news on the economic front and earnigs from companies. November retail sales rose 0.3%. Best Buy reported weaker than expected earnings, Lehman reported storng earnings on deal flow, and Proctor & Gamble guided earnings for the current quarter at top of the range. After the rate hike of 25 basis points market rallied and closed near the peak level of the day.
- Elena
- 13 Dec, 2005
- New York City
Tuesday morning session was marked by cautious trading amid mixed earnings news and disappointing. Fed raised fed fund rate to 4.25%, the 13th rate hike since June 2004. Lehman Bros posted 41% profit rise in Q4 on 28% revenue rise, beating estimates. Best Buy Co reported fourth-quarter net income rise of 25 cents a share, but missed estimates of 30 cents a share. Cendant Corp. cut guidance compared with prior estimates.
- Elena
- 13 Dec, 2005
- New York City
A few major companies reported quarterly results Tuesday with Lehman Brothers standing out with 41% profit rise in Q4 on 28% revenue rise, beating estimates. Consumer retailer Best Buy Co posted fourth-quarter net income rise of 25 cents a share, but missed estimates of 30 cents a share. Same-store sales rose 3.3%. Cendant Corp. pegged its quarterly income at the low end of prior estimates because of weakness in its ticketing business.
- Elena
- 13 Dec, 2005
- New York City
Asian-Pacific benchmarks closed mixed ahead of a key Bank of Japan survey. The Nikkei hit an intraday high of 15,782.30 to close up 0.3% on steel and metals stocks. European averages traded in a narrow range at mid-day, awaiting the U.S. Fed Reserve meeting today. Procter & Gamble lifted its Q2 earnings and sales outlook to 68-69 cents a shaare and 25% to 28% growth respectively.
- 123jump.com Staff
- 12 Dec, 2005
- New York City
Market awaits the final rate hike at Fed meeting scheduled for Tuesday. Market rally lost its early steam in the late afternoon as traders turned cautious. Chinese Internet stocks and Indian banking stocks rose in the session. Energy, tech, and big retailers led a modest rally. Home builders, defense and casino stocks ralliled. Specialty retailers were under pressure.
- Elena
- 12 Dec, 2005
- New York City
Merger-and-acquisiotion news predominate in Monday trading session. ConocoPhillips is in talks to acquire oil and gas producer Burlington Resources for more than $30 billion. Paramount Pictures, a unit of media conglomerate Viacom Inc., agreed to buy DreamWorks SKG Inc. in a $1.6 billion deal involving $775 million in cash and $825 million of assumed debt.
- Elena
- 12 Dec, 2005
- New York City
With no major earnings or economic news, merger-and-acquisition deals predominated in Monday trading session. ConocoPhillips is in talks to acquire oil and gas producer Burlington Resources for more than $30 billion. Paramount Pictures, a unit of media conglomerate Viacom Inc., agreed to buy DreamWorks SKG Inc. in a $1.6 billion deal involving $775 million in cash and $825 million of assumed debt. Google was upgraded by Credit Suisse First Boston on forecasts of rising revenue.