Google Buys Radio Company
Jan 17, 12:44 PM EST |
|
| Google agreed to buy dMarc Broadcasting, a company that automatically connects advertisers with radio stations. The price could top $1.2 billion. |
|
| U.S. stocks traded lower Tuesday morning on surging oil prices over $65 a barrel, weakness in the Japanese Nikkei which tumbled 2.8% and disappointing bank earnings. Investors also awaited earnings reports from majors like Intel Corp., International Business Machines Corp. and Yahoo Inc. In economic news, the Federal Reserve reported that December industrial output rose 0.6%, following an upwardly revision of 0.8% in November, exceeding expectations of a 0.5% increase. |
|
|
Full Story... |
Industrial Output up 0.6%
Jan 17, 11:36 AM EST |
|
| Boston Scientific raised its bid for Guidant to $27 B from earlier $25 B. The new offer came after Guidant accepted a $24.2 B bid from J & J. |
|
| U.S. stocks sharply dropped at opening on surging oil prices over $65 a barrel, weakness in the Japanese Nikkei which tumbled 2.8% and disappointing bank earnings. National City Corp posted Q4 earnings drop of 64 cents a share, missing estimates. In economic news, the Federal Reserve reported that December industrial output rose 0.6%, following an upwardly revision of 0.8% in November, exceeding expectations of a 0.5% increase. |
|
|
Full Story... |
Oil Above $65
Jan 17, 8:56 AM EST |
|
| Oil prices hit a 3 1/2-month high to $65.29 a barrel on growing tension in Iran and Nigeria. Gold fell from 25-year highs. The dollar gained. |
|
| Asian-Pacific benchmarks posted heavy losses Tuesday as the Japanese authorites started a probe of Internet portal Livedoor. The Nikkei tumbled 2.8%, followed by South Korean Kospi, down 2.3%. Only Shanghai Composite gained 0.5%. European stocks were also weak, hurt by rising oil and corporate news. The German DAX 30 dropped 1.1%. Texas Regional Bancshares posted Q4 earnings rise of 46 cents a share, exceeding estimates of 44 cents. |
|
|
Full Story... |
Guidant Opts for J & J's Bid
Jan 15, 10:53 AM EST |
|
| GM expects to save $4 B in 2006 from restructuring measures aimed at lowering annual structural costs by $6 B and material expenses by $1 B. |
|
| A sequence of profit-taking sessions, disappointing December retails sales and lowered outlooks from Lucent and Tyco kept averages flat Friday. Better-than-expected wholesale inflation data provided some support. Commodities, energy, health care stocks posted solid gains. Guidant accepted an increased $24.2 B buyout offer from J & J, declining a larger bid of nearly $25 B from Boston Scientific. After the long holiday weekend Intel, IBM and Yahoo will report quarterly results. |
|
|
Full Story... |
Wholesale Prices Rise 5.4%
Jan 13, 10:14 AM EST |
|
| Boston Scientific Corp. increased its bid for Guidant Corp. to $73 a share in cash and stock. |
|
| Tyco lowered its Q1 outlook for earnings from continuing operations. The diversified industrial conglomerate expects to earn about 38 cents a share for the period, down from a projected range of 40 cents to 42 cents a share. It also cut its 2006 earnings projection. |
|
|
Full Story... |
First Consolidation of Averages
Jan 12, 4:58 PM EST |
|
| After seven days of stocks on the run, three major averages corrercted. Oil traded above $65 but fell and natural gas fell. GM lost 4.1%. |
|
| Novemeber trade deficit at $64 billion, lower than expected but 8% higher than a year ago was ignored by the market. Dollar declined in New York trading. Market averages consolidated for the first time in the year 2006. General Motors declined 4.1%. Oil traded briefly above $65 and natural gas fell. Tokyo index closed at record high. European markets closed near unchanged mark. |
|
|
Full Story... |
Oil Prices Climb
Jan 12, 12:57 PM EST |
|
| Johnson & Johnson offered a higher value of $23.2 billion to acquire Guidant Corp., but it is still below Boston Scientific's bid of $25 billion. |
|
| U.S. stocks traded lower Thursday morning on rising oil and downgrades of Dow components Coca-Cola and J.P. Morgan Chase. Investors preferred consolidating recent gains to taking advantage of the upbeat economic news released. Trade deficit in November declined by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000. |
|
|
Full Story... |
Dow Loses on Downgrades
Jan 12, 11:44 AM EST |
|
| BlackBerry maker Research in Motion revealed a deal with Internet search engine Google Inc. to support Google Talk instant messaging . |
|
| Stocks opened lower on rising oil and downgrades of Dow components Coca-Cola and J.P. Morgan Chase. Investors preferred consolidating recent gains to taking advantage of the upbeat economic news released. Trade deficit in November declined by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000. |
|
|
Full Story... |
Trade Deficit Declines 5.7%
Jan 12, 9:28 AM EST |
|
| Oil prices rose to $64.61 a barrel on supply concerns. European gold prices advanced. The U.S. dollar lost ground against major currencies. |
|
| The Commerce Dept. reported improved trade deficit in November declining by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The Labor Dept. said that the number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000. Guidant said it reached a new deal to be acquired by J & J which bid up $23.2 B. The increased value is still below Boston Scientific''s offer of $25 B. |
|
|
Full Story... |
Semis and Hardware Support Nasdaq Rise
Jan 11, 4:37 PM EST |
|
| Apple marched 3% higher for the second day in a row. Oil gyrated after weekly petroleum report. Gold rose. Casinos rallied on Macau Hope. |
|
| Tech stocks led broader averages rise during the day. Computer hardware, semis and large cap tech stocks led rally. Oil gyrated after the weekly energy report. financial services and brokerage stock rallied for the second day in a row. Gold rose in projections of $600 price before the year end. Casino stocks were intense focus of speculation as estimates on Macau related gambling were revised. |
|
|
Full Story... |
|
|
