- Elena
- 14 Mar, 2006
- New York City
U.S. stocks recovered from the initial decline, lifted by strong investment banks after Goldman Sachs reported 64% rise in Q1 on 61% revenue growth, beating expectations. The stock rose 4.5% and helped lift other financial shares. Procter & Gamble Co. fell 3.2% to $60.01 after the company lowered its quarterly sales expectations.
- Elena
- 14 Mar, 2006
- New York City
U.S. stocks opened in the negative on disappointing economic data and lowered sales outlook from Procter & Gamble. In earnings news, Goldman Sachs reported 64% rise in Q1 on 61% revenue growth. Air Methods swung to profit in Q4 on 32% revenue increase. Evolving Systems also reversed from a net loss of 20 cents per share to report 5 cents income increase in Q4. Southern Union posted $1 loss in Q4, including charges.
- Elena
- 14 Mar, 2006
- New York City
U.S. stock futures pointed to a lower start after lackluster close Monday and ahead of economic data due out today. In earnings news, Goldman Sachs reported 64% rise in Q1 on 61% revenue growth. Air Methods swung to profit in Q4 on 32% revenue increase. Evolving Systems also reversed from a net loss of 20 cents per share to report 5 cents income increase in Q4. Southern Union posted $1 loss in Q4, including charges.
- Elena
- 14 Mar, 2006
- New York City
European averages turned mixed at mid-day, reflecting lackluster close of U.S. markets, rising oil prices and some corporate news. The German DAX 30 declined 0.4% on economic data, the French CAC 40 lost 0.2%, while London FTSE 100 gained 0.2% on earnings and merger activity in the retail sector. The euro slightly fell against the dollar to $1.1950.
- Elena
- 14 Mar, 2006
- New York City
Asian benchmarks lost ground Tuesday, reflecting a rebound in oil prices and concerns over interest-rate hikes. The Nikkei dropped 0.8% after a three-day rally when the market climbed 4.7%. Major shipping companies and tech stocks dragged the Japanese index down. Among other regional markets, Taiwan Weighted index dropped 1.3%, South Korean Kospi slipped 0.9%, while New Zealand hit a new all-time high of 1.7%.
- 123jump.com Staff
- 13 Mar, 2006
- New York City
Markets in the U.S. charted a lacklusted course despite several stock upgrades and deals of more than $24 billion. Mega deals continued to drive investors interest in the first quarter of this year. European markets raced ahead and emerging markets are on the recovery path after losing between 5% and 10% in two weeks. Russia, Turkey, Taiwan, Mexico recovered more than 1%. India closed at record high for the second day in a row.
- 123jump.com Staff
- 13 Mar, 2006
- New York City
Market averages modest move do not reflect the underlying dynamism in the market. Deals of more than $24 billion today, ratings revisions and stock buybacks have increased buying activity in the market. European markets closed higher on potential bids in the pharma industry and for LSE from Nasdaq. Shares of LSE, Euronext and Deutsche Borse jumped. Advanced Micro is down 7% on a broker downgrade.
- 123jump.com Staff
- 13 Mar, 2006
- New York City
Euroean maarkets advance as merger related news put several stocks in the UK and Germany on the higher grounds. Nasdaq bid for LISE lifted stocks of other exchanges on the continet with LSE stock jumping up 30%. German Schering jumped 26% on bid from Merck KGaA. Sanofi and Astra-Zeneca rose more than 2% each. South Africa closed up 1.03% but nine markets in western Europe rose above 0.5% led by 0.87% rise in German index.
- Elena
- 13 Mar, 2006
- Frankfurt
European averages closed higher Monday, boosted by merger deals and takeover talk. The biggest advancers were drug maker Schering, up 26% on bid from rival company Merck and London Stock Exchange which jumped 30% on bid speculations, involving U.S. stock exchanges. The German DAX 30 rose 0.9%. London FTSE 100 rose 0.8%.
- Elena
- 13 Mar, 2006
- New York City
Stocks came off intraday highs, posting weakness on rising crude oil prices and pressured Treasury yields. U.S. stocks advanced Monday morning on a string of merger deals, including a $14 billion bank takeover that lifted regional bank shares. North Fork Bancorp rose 17% on agreement to be acquired by Capital One for $14.6 B in cash and stock. Schering AG soared 26% after rival German drug maker Merck KGaA made a hostile bid for the company for $17.4 billion.
- Elena
- 13 Mar, 2006
- New York City
Merger activity pushed stocks moderately higher. Capital One Financial agreed to acquire North Fork Bancorp in a cash and stock deal for $14.6 B, with about $5.2 B of the amount to be paid in cash. McClatchy agreed to acquire newspaper publisher Knight-Ridder in cash and stock for $6.5 B, including the assumption of $2 B in debt. In Europe, Merck KGaA made a hostile offer of $17.4 B for the German Schering AG in a bid rejected by the drugmaker.
- Elena
- 13 Mar, 2006
- New York City
Merger activity on both sides of the Atlantic sent stocks higher at opening. Capital One Financial agreed to acquire North Fork Bancorp in a cash and stock deal for $14.6 B, with about $5.2 B of the amount to be paid in cash. McClatchy agreed to acquire newspaper publisher Knight-Ridder in cash and stock for $6.5 B, including the assumption of $2 B in debt. In Europe, Merck KGaA made a hostile offer of $17.4 B for the German Schering AG in a bid rejected by the drugmaker.
- Elena
- 13 Mar, 2006
- New York City
Stock futures pointed to a higher opening, supported by mergers-and-acquisition activity. Capital One Financial, credit card issuer, announced an agreement to acquire North Fork Bancorp in a cash and stock deal for $14.6 billion, with about $5.2 billion of the amount to be paid in cash. McClatchy Co. agreed to acquire its larger rival, newspaper publisher Knight-Ridder Inc. in cash and stock for $4.5 billion before debt.
- Elena
- 13 Mar, 2006
- New York City
European markets traded higher at mid-day on merger-and-acquistion activity as well as takeover speculations. The German DAX 30 rose 0.7%, lifted by 23% gain in drug maker Schering. The French CAC 40 added 0.4%. London FTSE 100 rose 0.5%, boosted by London Stock Exchange which rocketed 28%, following a bid of $4.1 billion from Nasdaq stock exchange.
- Elena
- 13 Mar, 2006
- New York City
Asian-Pacific benchmarks gained across the region, led by the Nikkei rising 1.5% to 16,361.51 on improved confidence in the economic recovery. South Korean Kospi climbed 1.4% on automobile and bank stocks, followed by Australian All Ordinaries, up 1.3%, lifted by corporate news and overseas markets. Shanghai Composite rose 1.1% on gains in property stocks and cement companies. New Zealand reached an all-time high of 0.8% to 3516.99.