- albena
- 24 Aug, 2005
- New York City
Stock futures are below the flat line early Wednesday morning, pointing to a weaker opening as oil continues to rise on the latest tropical storm worries. Reports on durable goods and new homes sales could also change the focus of the market. Google is expected to launch its instant-messaging service today. BHP Billiton reported record full-year net profit up 89.3 % vs. a year ago.
- 123jump.com Staff
- 23 Aug, 2005
- New York City
Stocks declined. Existing home sales declined. The July existing home sales were estimated 2.6% lower to 7.16 million from revised 7.35 million in June. The median existing-home price across all housing categories was $218,000, 14% higher than a year ago. Wachovia is exploring a deal to acquire WFS Financial. A joint venture between GE and Rolls-Royce has won a $2.47 billion contract to develop an engine for stealth jet fighter.
- albena
- 23 Aug, 2005
- New York City
Stocks declined at mid-day due to falling existing home sales and volatile oil prices. The July existing home sales were estimated 2.6% lower to 7.16 million from revised 7.35 million in June. The median existing-home price across all housing categories was $218,000. Wachovia is exploring a deal to acquire WFS Financial. A joint venture between GE and Rolls-Royce has won a $2.47 billion contract to develop an engine for stealth jet fighter.
- albena
- 23 Aug, 2005
- New York City
Stocks opened near the flat line as oil advanced toward $66 and the M&A development news wasn
- albena
- 23 Aug, 2005
- New York City
Futures were weaker Tuesday morning, pointing to a lower opening for stocks as climbing oil and the news of a possible acquisition by Wachovia Corp. attracted the most attention. Investors are expecting existing home sales report at 10:00 a.m., which is seen rising for July. The Nikkei fell after hitting an intra-day high.
- 123jump.com Staff
- 22 Aug, 2005
- New York City
Oil market took stocks on the ride. Stocks gyrated with oil and as oil settled lower at close stocks traded higer but not by much. Light volume on this summer day was reflected across all exchanges with NYSE showing only 1.4 billion shares.
- 123jump.com Staff
- 22 Aug, 2005
- New York City
Maytag finally agreed to merge with Whirlpool but at a significantly higher price of $21 per share compared to the first bid received at $14 per share from Triton. Triton is not crying, for less than three months of work and simply for offering to buy Maytag it got break up fee of $40 million.
- albena
- 22 Aug, 2005
- New York City
Mergers and acquisitions news is driving the market higher, as there are no economic reports scheduled for today. CP Ships, PetroKazakhstan and SBS Broadcasting have each climbed to new 52-week highs on M&A news. Emmis Communications has also reached a new peak on the news that the company has agreed to sell 9 TV stations.
- albena
- 22 Aug, 2005
- New York City
Market breadth was positive at the opening though oil prices varied. With only a few earnings reports due to be released and no economic news on the calendar, fresh merger and acquisition activity is in the spotlight Monday. CNPC Intl. said it has agreed to buy PetroKazakhstan for $4.18 billion. SBS Broadcasting agreed to be acquired for $2.6 billion by two private equity companies.
- albena
- 22 Aug, 2005
- New York City
With only a few earnings reports due to be released and no economic news on the calendar, fresh merger and acquisition activity is in the spotlight Monday. CNPC Intl. said it has agreed to buy PetroKazakhstan for $4.18 billion. SBS Broadcasting agreed to be acquired for $2.6 billion by two private equity companies. Germany's TUI AG has reached a deal to buy CP Ships Ltd. in a $2 billion deal to create the world's No.5 container shipping company.
- 123jump.com Staff
- 21 Aug, 2005
- New York City
Despite rising oil prices, the U.S. economy has delivered positive news on labor, housing and GDP front. However trade and budget deficits are another stories. In the coming week market will be watching oil, dollar and earnings from BHP, Heinz, Toro, Petsmart, Intuit, and home builder Toll Bros.
- 123jump.com Staff
- 19 Aug, 2005
- New York City
Texas Jury awards $230 million in punitive damages in Voixx trial, dragging down Merck and other pharmaceutical stocks with it. Retailers cautious outlook contniued as Ann Taylor and Gap released earnings. Asian and European markets closed lower. Gold and Platinum were trading lower. Autodesk deliver stellar earning growth.
- Elena
- 19 Aug, 2005
- New York City
Light sweet crude bounced back to $64.40 rising $1.13 on refinery fire in Venezuela, Ecuador Protests and Iran
- Elena
- 19 Aug, 2005
- New York City
Ann Taylor reported a sharp 2Q earnings decline with same-store sales down 6.1%, Gap posted 39% profit jump but lowered full-year earnings outlook.
- 123jump.com Staff
- 18 Aug, 2005
- New York City
Directionless market meandered for the entire session and in the end closed at flat level. The rebound of oil prices, more warnings from retailers, and dollar strength in Europe was all that market had to digest. Apparel retailer, Limited delivered yet another quarter of disappointment. JDS Uniphase delayed earnings filing for the quarter.