- 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.
- Yordanka
- 12 Mar, 2006
- New York City
The IPO market is still not very active at the end of the Winter season. Only two companies priced shares this week and traded slightly above their initial price. Shares of NYSE gained 9% on their first day of trading and still climbing. Only one company plans to go public during the coming week.
- 123jump.com Staff
- 10 Mar, 2001
- New York City
It was a day when investors around the world bought stocks. Markets in North and South America advanced led by solid jobs report in the U.S. European markets rose on the merger rumors in the banking sectors. Several banks in France, Germany and Switzerland rose at least 2%. Financial stocks in New York rose as American Express, AIG and Citigroup rose more than 1%. Emerging markets in Asia advanced. India closed record high on strength in banking stocks. Russia lost 9% for the week.
- 123jump.com Staff
- 10 Mar, 2006
- New York City
Averages Climbed all-day and stayed higher. Techs, Internet, homebuilders and transportation stocks are trading higher. Apparel retailers reported higher earnings but several stocks traded lower. Ann Taylor jumped up 6% and Quiksilver dropped 4%. Asian markets closed higher followed by strong gains in Europe.
- Elena
- 10 Mar, 2006
- Frankfurt
European averages started trading lower but later recovered to close sharply up. Stocks were lifted by strong nonfarm payrolls data and takeover talk in the banking sector. Societe Generale climbed 4.8% and Deutsche Bank rose 3.4%. The German DAX 30 surged 1.3%, followed by the French CAC 40, up 1.2%.
- Elena
- 10 Mar, 2006
- New York City
Strong monthly employment data boosted stocks Friday morning. The three major averages extended gains with the Dow climbing 1% on support provided by General Motors and AIG. Pfizer was the only declining stock of all Dow components. The tech sector advanced sending the Nasdaq higher with particularly strong help from semiconductor and computer hardware stocks.
- Elena
- 10 Mar, 2006
- New York City
The three major avarages gained ground. Banking, insurance and broker stocks stood out as the most notable advancers. Telecom-equipment maker Nortel Networks reported Q4 loss of $2.21 billion and said it will restate past financial statements because of accounting mistakes. The company''s accounting problems have come under federal investigation.
- Elena
- 10 Mar, 2006
- New York City
Stocks opened mixed Friday as better-than-expected payrolls data signaled strong economy, but it also raised concerns about higher interest rates. Honeywell, AIG and Verizon supported the Dow, while the Nasdaq was slightly below the flat line, dragged by weakness in some tech and biotech stocks.
- Elena
- 10 Mar, 2006
- Frankfurt
European averages traded in the negative at mid-day, reflecting concerns about interest-rates hikes and nervousness ahead of U.S. nonfarm payrolls data. Miners and bank stocks declined, including Anglo American, down 2.1% and ABN Amro, down 0.5%. The German DAX 30 stood out among losers, falling 0.3%.
- Elena
- 10 Mar, 2006
- New York City
Stock futures pointed to a slightly higher opening on strong monthly employment data, which showed that U.S. economy added 243,000 jobs in February, exceeding expectations of a job growth of 220,000. In earnings news, Ann Taylor stores said it swung to profit in Q4 on sales growth, missing estimates. Kirkland''''s reported Q4 a net income decline to 51 cents a share from 59 cents a year ago and same-store sales drop of 5%.
- Elena
- 10 Mar, 2006
- New York City
European averages traded in the negative at mid-day, reflecting concerns about interest-rates hikes and nervousness ahead of U.S. nonfarm payrolls data. Miners and bank stocks declined, including Anglo American, down 2.1% and ABN Amro, down 0.5%. The German DAX 30 stood out among losers, falling 0.3%.
- Elena
- 10 Mar, 2006
- New York City
Asian-Pacific benchmarks finished mixed. The Nikkei gained 0.5%, despite lower close on Wall Street and disappointing ecomonic data. Stocks were lifted by optimism in economic growth, following BoJ''s decision. Banking and auto stocks led gainers. South Korean Kospi recovered from recent decline to rise 0.7% on tech stocks rebound. Hong Kong''s Hang Seng fell 0.4%. Indian stocks surged to 1.8%.