- Elena
- 19 Dec, 2005
- New York City
Stocks traded mixed Monday morning, despite a strong initial boost from merger and corporate news. Pfizer rose 11% after exclusivity of two of its patents was upheld. FPL Group confirmed a deal to buy Constellation Energy Group for $11 billion, creating one of the nation''''s biggest energy suppliers. Google gained 3.2% on a reported 5% stake in Time Warner''''s AOL division for $1 billion, pacing out Microsoft Corp.
- Elena
- 19 Dec, 2005
- New York City
European pharma stocks advanced, boosted by Pfizer which rose 11% after the exclusivity of two of its patents was upheld. In corporate news, FPL Group and Constellation Energy Group agreed to merge, forming a company with a market capitalization of about $28 billion. Google gained 3.2% on a reported 5% stake in Time Warner''s AOL division for $1 billion, pacing out Microsoft Corp.
- Elena
- 19 Dec, 2005
- New York City
Asian-Pacific benchmarks finished higher with the Nikkei rising 1.4% on bargain hunting and exporter issues. European stocks traded mixed with the German DAX 30 down 0.2%, while averages in France and the U.K. gained each 0.1%. In corporate news, FPL Group and Constellation Energy Group agreed to merge, forming a company with a market capitalization of about $28 billion. Pfizer rose after the exclusivity of two of its patents was upheld.
- 123jump.com Staff
- 18 Dec, 2005
- New York City
FPL is reported to buy Constellation Energy for $11 billion. The first deal to be completed since the utility industry deregulation by Congress. A flood of economic reports await investors in the last week before the holiday period begins. Reports on housing market, PPI, durable goods orders are just a few of many economic reports that investors will have to digest during this week. Investors will also closely watch earnings from Morgan Stanley, FedEx, Nike and General Mills.
- 123jump.com Staff
- 16 Dec, 2005
- New York City
Google wants to protect 10% of its revenue, generated by AOL and is reported to be willing to invest $1 billion in AOL unit of Time Warner. Slight fall in third quarter current account deficit failed to excite the market. Near record deficit of $195.8 billion in the quarter was largely caused by deficit in international goods trade. For the year the deficit is likely to reach $780 billion.
- Elena
- 16 Dec, 2005
- New York City
An oil prices decline below $60 a barrel, healthy U.S. economic data and news from GM sent averages higher at the start of Friday session, but the expiration of key options and futures caused volatility to the market. In corporate news, natural gas distributor Southern Union agreed to buy Sid Richardson Energy Services Co. along with a related energy marketing business, for $1.6 billion in cash.
- Elena
- 16 Dec, 2005
- New York City
An oil prices decline below $60 a barrel and news from the CEO of General Motors that the company will raise its 2006 revenue sent averages higher at the start of Friday session, but the expiration of key options and futures are likely to cause volatility to the market. Natural gas distributor Southern Union agreed to buy Sid Richardson Energy Services Co. along with a related energy marketing business, for $1.6 billion in cash.
- Elena
- 16 Dec, 2005
- New York City
The deficit in the U.S. current account narrowed in the third quarter to a total of $195.8 billion, down 1% from the deficit in the April-June quarter of $197.8 billion. Asian benchmarks closed mixed with the Nikkei down 0.5%, falling for a third straight day on profit-taking and weaker dollar. European stocks rose at mid-day on utility stocks. General Motors raised 2006 revenue. Oracle reported 16% increase in Q2 earnings of 19 cents a share on higher revenue, met estimates.
- 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.