- 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.
- 123jump.com Staff
- 24 Jan, 2006
- New York City
Market traded in the positive zone for the most of the session as fresh batch of earnings from railroad, industrial and select tech companies met or exceeded earnings guidance.Late in the day Disney and Pixar released the details of the most awaited deal. Steve Jobs to become largest shareholder of Disney. Disney will issue 2.3 share for every Pixar stock and Disney will boost its stock buyback from 225 million to 400 million.
- Elena
- 24 Jan, 2006
- New York City
Earnings reports from major companies and oil decline kept stocks in the positive. 3M Co. reported Q4 profit rise, but missed estimates. DuPont beat expectations, despite its Q4 decline. The chemicals company forecast disappointing Q1 earnings. McDonald''''s quarterly profit and J & J''''s income rise met expectations. Lexmark posted 47% profit drop in Q4 but beat estimates. United Tech posted higher Q4 profit on 14% revenue growth.
- Elena
- 24 Jan, 2006
- New York City
Stocks opened higher on mostly positive earnings reports from major companies. 3M Co. reported Q4 profit rise of 99 cents a share, but missed estimates. DuPont beat expectations, despite its Q4 decline. The chemicals company forecast disappointing Q1 earnings. McDonald''s quarterly profit and J & J''s income rise met expectations. Lexmark posted 47% profit drop in Q4 but beat estimates. The company plans to cut about 825 jobs and freeze its U.S. pension plan. The stock gained over 8%.
- Elena
- 24 Jan, 2006
- New York City
Asian markets rebounded from last-week sharp losses. The leading gainers were South Korean Kospi, surging to 2.3% and the Nikkei, up 1.9% at 15,648.89. European averages traded in a tight range at mid-day with the German DAX 30 flat at 0.03%, while the French CAC 40 down 0.2%. In earnings news, American Express reported Q4 profit decline of 59 cents a share from 71 cents a year ago, despite a 9% revenue growth. AirTran Holdings posted Q4 net loss, despite a 46% rise in revenue.
- 123jump.com Staff
- 23 Jan, 2006
- New York City
After a steep sell-off in the large cap and tech stocks in the previous, market opened higher in the morning. Ford and General Motors closed higher by 5% and 9% respectively on initial market reaction to the Ford restructuring plan. Supreme Court refused to hear patent dispute case between RIMM, maker of BlackBerry, and NTP.
- 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
- 23 Jan, 2006
- New York City
Ford Motor was in the focus Monday morning as it brought enough optimism to revive market sentiment after Friday''s selloff. The company posted better-than-anticipated earnings which counteracted the quarterly decline of Bank of America. The bank posted Q4 2% profit decline on loan losses and weak trading results. Bear Stearns raised its rating on Internet media company Yahoo to outperform from peer perform. UBS cut Citigroup to neutral from buy.
- Elena
- 23 Jan, 2006
- New York City
Stock averages started in the positive, supported by easing oil prices and better-than-anticipated earnings report from Ford which counteracted the quarterly decline of Bank of America. Ford Motor rose 7% on Q4 profit rise of 8 cents a share vs. 6 cents a year ago, beating estimates by a penny. Bank of America posted Q4 2% profit decline on loan losses and weak trading results. Bear Stearns raised its rating on Internet media company Yahoo to outperform from peer perform.