- Elena
- 12 Sep, 2005
- New York City
U.S. markets trade mixed on M&A news. Oracle agreed to acquire Siebel System at the total value of $5.85 billion. Wachovia agreed to acquire Westcorp for $3.42 billion. eBay is buying Skype Technologies for $2.6 billion. The tech sector rose by 1%, together with the airline sector which was also up 1%. Energy and gold sectors declined.
- Elena
- 12 Sep, 2005
- New York City
Asian markets advanced led by the Nikkei up 1.6% at 12896.43 to a four-year high on Junichiro Koizumi's LDP victory and GDP growth by 0.8%. European markets traded higher at midday . Oracle agreed to acquire Siebel System at the total value of $5.85 billion. Wachovia agreed to acquire Westcorp for $3.42 billion. eBay is buying Skype Technologies for $2.6 billion.
- Elena
- 12 Sep, 2005
- New York City
Asian markets advanced led by the Nikkei up 1.6% on Junichiro Koizumi's LDP victory and GDP growth by 0.8%. European markets traded higher at midday . Oracle agreed to acquire Siebel System at the total value of $5.85 billion. Wachovia agreed to acquire Westcorp for $3.42 billion.
- Yordanka
- 10 Sep, 2005
- New York City
No deal has been priced for the last two weeks as the summer IPO is traditionally idle in early September. Five companies filed for initial public offerings, among which there are two that are planning auction-style OpenIPOs. There aren
- Elena
- 09 Sep, 2005
- New York City
Texas Instruments raised its 3Q earnings and sales outlook. Intel tightened its 3Q guidance range. PalmSource gained as the company agreed to be acquired by Japan's Access for $324.3 million. Energy and gold sectors advanced 1.8% and 2.1% respectively. The overall import prices for August rose 1.3% from 0.8% In July, up from the expected increase of 1.2%.
- Elena
- 09 Sep, 2005
- New York City
U.S. markets are trading higher, boosted by major tech companies like Texas Instruments and Intel. PalmSource gained as the company agreed to be acquired by Japan's Access for $324.3 million.Energy and gold sectors advanced, while the transportation sector declined.
- Elena
- 09 Sep, 2005
- New York City
Asian markets ended mixed with the Nikkei up 1.3% on tech stocks, China's Shanghai Composite was down 0.4% on profit-taking. European stocks were higher at mid-day on strong semiconductor sector. U.S. giant Texas Instruments raised 3Q outlook, projecting 36 to 38 cents a share. Import prices index for August is awaited.
- 123jump.com Staff
- 08 Sep, 2005
- New York City
After trading for the most of the day in negative zone, all three averages closed lower. The market got its first glimpse of the decline in crude oil, gasoline and distillate inventories. The smaller-than-expected decline in inventories led oil to drop initially only to rebound as sellers were few. Hovnanian forecasted lower profit in 2006 driving home builder segment lower and Sears Holdings reported earnings below the consensus forecast.
- Elena
- 08 Sep, 2005
- New York City
According to the first statistics of Katrina's impact on the energy sector, crude-oil inventories have dropped by 6.4 million barrels for the week ended Sept 2, gasoline inventories have declined by 4.3 million barrels. eBay lost 3.8%, Apple is heading for a new peak, Texas Instruments and Broadcom gained.
- Elena
- 08 Sep, 2005
- New York City
Homebuilders advanced after Hovnanian Enterprises posted net income of $1.76 a share for the third quarter , 2 cents below expectations. The company said it expects to post earnings exceeding $7 a share for fiscal 2005. Analysts had forecast earnings of $7.26 a share. Hovnanian slumped 6%. Toll Brothers fell 4.2%, KB Homes shed 3.1% and Pulte Homes lost 3.2%.
- Elena
- 08 Sep, 2005
- New York City
South Korea's leading index reached a record high, the Nikkei lost 0.6%. European markets traded near the flat line at mid-day. e-Bay is in talks to acquire privately held internet-telephone company Skype Technologies fot $2 billion to $3 billion.
- 123jump.com Staff
- 07 Sep, 2005
- New York City
Transportation Secretary reported in a TV interview that two major oil pipelines in the Gulf Region Colonial and Plantation are fully operational. The total network of pipes can reach 2,500 miles and deliver oil to more than eight shipping terminals. From end to end oil travel time can take upto 22 days when fully powered by electricity.
- Elena
- 07 Sep, 2005
- New York City
U.S. averages are trading mixed. Energy, steel and some stocks from the tech sector are among the gainers on 0.5% higher oil prices and speculations of rising steel prices by 20%. Telecommunication stocks are trading down.
- Elena
- 07 Sep, 2005
- New York City
Stocks are trading down on profit-taking and economic data. Asian markets finished higher , boosted by the sharp pullback in oil prices, South Korea's Kospi climbed 1.8%, the Nikkai edged up 0.1%. European stocks gain on equity markets. CBO report showed that 400,000 people will become jobless, economic growth will be 1% down.
- Elena
- 07 Sep, 2005
- New York City
Stocks are trading down after Tuesday's broad rally, awaiting economic data. Asian markets finished higher , boosted by the shsarp pullback in oil prices, South Korea's Kospi climbed 1.8%, the Nikkai edged up 0.1%. European stocks gain on equity markets. Revised 2Q productivity figures are expected to show 2.1% growth rate, down from 2.2% in July. The Fed Reserve's Beige Book report is due later in the day.