Established 1999
 
8,000 companies from
USA,Canada and India.		  
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
EDS Surges, Ann Taylor Outlook Lifts Retailers
Author: 123jump.com Staff
123jump.com
Last Update: 4:45 PM EDT May 12 2008

(Continued)

Email article | Print article

U.S. stocks closed higher after Hewlett Packard offered to pay nearly $13 billion for EDS. The offer valued the company nearly 30% higher than market value at the close on Friday. Separately, Ann Taylor revised its earnings outlook. The revision lifted stocks in the retail sector. MBIA closed higher despite it reported $2.4 billion in losses. HSBC set aside $3.2 billion in the first quarter to cover losses related to the U.S. mortgage lending.

 
Gold decreased $0.90 in New York trading to close at $884.90 per ounce, silver closed up 32 cents to $17.23 per ounce, and copper for front month delivery increased 3.30 cents to $3.75 per pound.

Wheat futures increased 1 cent in Chicago trading and closed at $8.05 per bushel. Sugar increased 1 cent to $11.62 per pound. Soybean future closed down 15.50 cents to $13.42 a bushel.

Dollar edged lower and traded near record low against euro to $1.5531 and edged higher against yen to 103.90.

Yields on U.S. bonds increased to 3.79% with 10 years of maturities and increased to 4.53% with 30-year of maturities.
  1  2 More: Market Update Archive

 
 
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
© 1999-2008 123jump.com. All rights reserved