- 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.
- Elena
- 12 Dec, 2005
- New York City
Asian-Pacific benchmarks advanced, led by the Nikkei hitting a new five-year high of 15,738.70, followed by South Korean Kospi, up 1.2%. European averages traded higher at mid-day, boosted by media companies with the German DAX 30 in the lead, up 0.7%. Shares of Burlington Resources climbed on news that ConocoPhillips is in talks to buy the oil and gas producer for more than $30 billion.
- 123jump.com Staff
- 09 Dec, 2005
- New York City
Market clsoed higher at close after trading sideways in the morning session on the back of rising consumer confidence. Gold stocks rose and then fell at close even though gold rose 1.5% at close. Gold is trading at near 25-year high. Silver closed above $9. Semiconductor stocks rose. Intel, Advanced Micro, Texas Instruments, Marvel Tech and SanDisk rose during the day. Dollar lost against euro and pound but gained against yen.
- Elena
- 09 Dec, 2005
- New York City
U.S. stocks were flat on Friday on a disappointing sales outlook by Intel Corp, rating downgrade on International Business Machines Corp, and news that Merck withheld information about the cardiac side effects of its arthritis drug Vioxx. However, an upbeat profit forecast from Eli Lilly and Co, fueled by strong sales growth of newer drugs and a lower- than-expected tax rate, provided support.
- Elena
- 09 Dec, 2005
- New York City
U.S. averages opened flat, pressured by Intel which released mid-quarter lower-than-expected sales outlook and drug maker Merck which dropped on news that it withheld information about the cardiac side effects of its arthritis drug Vioxx. Eli Lilly lifted sentiment, projecting fourth-quarter and full-year earnings at the top of its guidance and forecasting 2006 earnings to be from 8% to 12% higher.
- Elena
- 09 Dec, 2005
- New York City
Asian-Pacific markets closed higher, led by the Nikkei, up 1.5%, despite disappointing GDP revised report. European stocks traded lower at mid-day on lower sales forecast from Intel. Intel''s shares dropped nearly 3% in extended-hours trading after the company released mid-quarter lower-than-expected sales outlook. Merck dropped 3% on news that Merck withheld information about the cardiac side effects of its arthritis drug Vioxx.
- 123jump.com Staff
- 08 Dec, 2005
- New York City
Market after tradig sideways for the most of the day settled lower at clsoe. Natural gas rose on decline in inventory. Gold rose in demand rise and inflation concern. Silver touched $9 for the first time two decades. McDonald''''s stock fell on less-than-expected rise in same-store sales. Chip stocks fell despite the positive news from TI, Xilinx and Taiwan Semi.Toll Bros. and Hovnanian report better than expected earnings.
- Elena
- 08 Dec, 2005
- New York City
U.S. stock markets opened weak Thursday, with homebuilder Toll Brothers issuing a cautious outlook and with the semiconductor sector in focus after Texas Instruments sharpened its quarterly outlook and before Intel Corp. issues its mid-quarter update. Later stocks rebounded as crude oil prices boosted shares of energy companies and tech company Qualcomm Inc released improved revenue forecast.