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European Stocks at New 2-1/2 Year Highs
Reuters - European shares hit new 2-1/2 year highs
on Friday, with British Airways up 1 percent after it raised
its revenue outlook and beat forecasts, and with the market
focusing on U.S. employment data due later in the day.
European Shares Little Changed
Reuters - European shares were little changed as
worries over steep bond yields offset solid results from the
world's third-biggest drugs maker, Sanofi-Aventis.
Dollar Hugs Ranges Ahead of Jobs Report
Reuters - The dollar held near a five-month high
against the yen on Friday and shuffled in a narrow range
against the euro before widely tracked jobs data that could
shed light on the health of the U.S. economy.
ChevronTexaco Profit Misses Expectations
AP - ChevronTexaco Corp.'s first-quarter profit edged up by 4 percent, but didn't live up to analysts' expectations because oil refinery outages prevented it from taking full advantage of the high gasoline prices that have been tormenting motorists.
Tokyo stocks steady at midsession
Reuters - Tokyo stocks held steady by midsession on
Wednesday, the dollar's firmness against the yen lifting
several exporters such as Honda Motor Co. while brokerages lost
ground on concern over growing competition.
Delphi restates earnings, adds $195M to losses
USATODAY.com - Delphi, the biggest U.S. auto supplier and formerly part of General Motors, Thursday restated earnings back to 2000 and closed an internal investigation. The restated earnings show Delphi lost $195 million more from 2000 to 2003 than it originally reported.
Stocks Set to Open Up Despite Oil Rise
AP - U.S. stock futures are trading higher Monday despite rising crude prices following the death of the King of Saudi Arabia. Investors will focus on economic data, including construction spending and manufacturing reports, as well as earnings due from Proctor & Gamble Co. (PG).
North American stock markets poised for positive start; oil prices climb
Canadian Press - TORONTO (CP) - Global indicators suggested a positive start for North American stock markets Thursday even as crude prices climbed.
New Economic Data Should Clarify Matters
AP - Wall Street has been stewing in uncertainty over the economic impact of hurricanes Katrina and Rita, but a new batch of data due in the week ahead will help clarify the situation.
Nikkei surges to 4-yr high
Reuters - The Nikkei average rose 1.92 percent to
end at a four-year high on Tuesday as investors snapped up
banks and other stocks on optimism about the economy, in a
shortened session after a computer systems failure caused the
worst disruption ever on the Tokyo Stock Exchange.
ThyssenKrupp books record earnings in year to September
AFP - German heavy industry giant ThyssenKrupp, the world's 10th biggest steel maker, said that earnings reached record levels in the year ended September 30 on the back of strong demand for its products and services.
Investors will see lots of economic data this week as 2006 trading starts
Canadian Press - TORONTO (CP) - Investors hope that employment reports from Canada and the United States on Friday will give an indication of where the Bank of Canada and the U.S. Federal Reserve are heading on interest rates.
Roche 2005 profit boosted by cancer drugs, Tamiflu
Reuters - Operating profit at Swiss
drugmaker Roche Holding AG rose 33 percent to 9.025
billion Swiss francs ($7.04 billion) in 2005, beating analysts'
expectations on strong cancer and flu drug demand.
Stock Futures Point to Bounce
AP - U.S. stock market futures Wednesday were pointing to a bounce after last session's drubbing inspired by Google and housing data. But a critical study of a Pfizer Inc. drug may provide a damper to those recovery prospects.
Stocks End Solid 1Q With Modest Decline
AP - Stocks closed out a solid first quarter with a modest decline Friday despite lower oil prices and a round of temperate economic data that mitigated concerns about inflation and higher interest rates. The major indexes finished mixed for the week, but were higher for the month and the quarter.
Bridgestone Quarterly Profit Gains 4 Pct.
AP - Japanese tiremaker Bridgestone Corp. said Monday net profit for the first quarter rose 4 percent as strong global sales of tires offset the jump in raw material costs.
Chicago Bridge & Iron posts lower Q1 profit
Reuters - Engineering firm Chicago Bridge & Iron
Co N.V. on Thursday said its first-quarter profit was
lower on higher costs associated with restricted share grants,
offsetting higher revenue.
Stock markets enter short week with eyes on potentially disappointing earnings
Canadian Press - TORONTO (CP) - Investors may want to keep the party hats in storage for a while yet, even though the Toronto stock market roared back to life last week as the U.S. Federal Reserve hinted it may pause interest rate hikes and metals and oil prices surged.
Nikkei dips after three-day rally
Reuters - The Nikkei edged down 0.07 percent on
Tuesday as investors took profits in Canon Inc (7751.T) and
other recent gainers, but losses were capped by buying in
Pioneer Corp (6773.T) which posted a surprise quarterly profit.
Sanofi-Aventis slashes share earnings forecast for 2006
AFP - French pharmaceutical group Sanofi-Aventis has slashed its 2006 earnings per share forecast from 12 percent to just two percent due to competition for its blockbuster blood-thinner Plavix from a generic drug.
Stock markets go into October on high hopes for the U.S. economy
Canadian Press - TORONTO (CP) - Stock markets could be in for a calm spell in the next month following the most recent selloff of overbought resource stocks in Toronto and the growing conviction that a U.S. economic slowdown will end with a soft landing.
Baidu: Profit up, revenue outlook weaker
AP - Baidu.com Inc., the leading Chinese Internet search engine, said Wednesday third-quarter profits rose sharply, but shares fell after its fourth-quarter revenue forecast missed analyst expectations as it switched to a new advertising sales system.
Stock futures up ahead of ISM poll
AP - U.S. stock futures gained ground on Friday, as investors hoped that the last session's late buying could continue ahead of a critical poll on manufacturing sentiment and data on monthly auto sales.
Markets closed to honor Gerald Ford
AP - U.S. stock markets are closed today to observe the national day of mourning for former President Gerald Ford.
Google Profit Rises, Revenue Growth Fails To Impress
TechWeb - The search giant said quarterly profit nearly tripled,
helped by a lower tax rate and expense controls, but revenue
growth failed to impress investors.
Japanese stocks slip; dollar declines
AP - Japanese stocks fell moderately Thursday as investors remained cautious despite Wall Street's overnight rebound from a global market selloff triggered by a drop in Chinese shares.
Nikkei boosted by business spending plans
FT.com - Japanese stocks rose on Monday morning, spurred by upbeat projections for capital spending contained in the Bank of Japan's Tankan survey of business confidence.
FTSE falls as investors take profits
FT.com - London equities were sharply lower on Tuesday morning, tracking a weak close on Wall Street overnight, while miners made early losses.
Hovnanian posts 3rd straight loss
AP - After three consecutive quarters of losses, homebuilder Hovnanian Enterprises Inc. says better management of its land inventory should allow the company to post a profit in the fourth quarter and for 2008.
Column: Wall St. to eye economic reports
AP - The first week of the third quarter will probably be a quiet one as many fund managers, having put the final touches on their portfolios last week, leave on their Fourth of July vacations.
Asia markets slide following Wall Street
AP - Asian markets fell Wednesday after Wall Street resumed its slide from last week amid persistent concerns that woes in the U.S. housing loan market could spread and drag on global growth.
Qatar eyes Nasdaq's London bourse stake
Reuters - Representatives of the Qatari Investment
Authority have indicated a willingness to pay as much as 15
pounds a share for Nasdaq's 31 percent stake in the
London Stock Exchange the Sunday Times newspaper said.
Nikkei up 0.4 pct after BOJ tankan shows optimism
Reuters - Japan's Nikkei rose 0.4 percent on Monday
as investors bought Fanuc Ltd and other large-cap shares after
the Bank of Japan's tankan survey showed manufacturers remained
optimistic despite turmoil in global credit markets.
Nikkei closes at two-week high
FT.com - Japanese stocks got a boost on Thursday from the US Federal Reserve's latest interest rate cut and figures showing surprisingly strong US economic growth.
Dell Droops On Lower Than Expected Margins
TechWeb - Dell Inc reported lower-than-expected quarterly profit margins and warned that rising costs could depress future
results, sending its shares down 10 percent.
Wall Street wraps up '07 in somber mood
AP - Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007.
Japan stocks fall on subprime losses
AP - Japanese shares fell Friday after Japanese banks reported larger-than-expected losses due to the subprime mortgage crisis. A slump in China's Shanghai Stock Exchange also weighed on Tokyo trade.
Dow loses 315 on economic worries
AP - Stocks fell sharply Friday after a series of depressing economic and corporate reports as well as high oil prices stoked concerns about the health of the economy. The major stock indexes fell more than 2.5 percent and the Dow Jones industrials lost 315 points.
Wall Street stock futures signal positive Q2 start
Reuters - Investment bank Lehman Brothers
, computer maker Dell , auto makers such as GM
and Ford as well as a key manufacturing gauge are
likely stock market focal points on Tuesday.
Starbucks looks to international stores to fuel earnings
AP - Starbucks Corp. is dialing back expectations for its U.S. stores in light of economic uncertainty but has a three-year plan for snazzy new drinks and future profit growth fueled by aggressive international expansion.
European equities hit by Bradford & Bingley news
AFP - European stocks fell Monday as credit-crunch concerns resurfaced in the banking sector after Britain's Bradford & Bingley warned on profits and agreed to a US cash boost, dealers said.
Stocks head to lower open in 1st day of 2nd half
AP - Wall Street appeared headed for a sluggish start to the third quarter Tuesday, hurt by ongoing concerns about the damage rising oil prices will do to the economy.
GM posts $15.5 billion 2nd-quarter loss
AP - General Motors Corp. says its losses widened to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan.
GDF Suez reports solid earnings rise
AFP - New French energy giant GDF Suez said Monday its first half net profit and sales rose by double digits, allowing it to confirm its forecasts for the year.
Buy Tiger, sell Dolphins on new sports stock market
Reuters - Michael Sroka dreamed up a day-trading website for sports fans while still in high school, and the concept will finally come to fruition with the launch of OneSeason.com.
Consumers curb spending, deepening recession fears
AFP - Sharp falls in consumer spending in the United States and Germany deepened fears of a global recession as stock markets ended one of their most traumatic months in history with mixed results.
Hong Kong's key stock index rises 1.6 percent
AP - Hong Kong's key stock index rose Monday as traders snapped up bargains and China-related stocks.
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