Archive for December 24th, 2007

Toronto stocks seen up slightly ahead of holidays
Reuters - TORONTO, Dec 24 (Reuters) - The Toronto Stock Exchange’s main index was expected to see a small gain at the open on Monday in a shortened session ahead of the Christmas holidays. Activity on the TSX was expected to be light with the market closing at

US stocks gain after Merrill receives $6.2 billion investment; traders
MSN UK News - Wall Street advanced sharply Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion (€4.3 billion) from two investment groups. The Dow Jones industrial average rose nearly 100 points. The Dow rose 98.68

Sector Snap: Health REIT stocks advance
Boston Globe - NEW YORK— Shares of health REITs could benefit from a health care bill Congress passed that will likely be favorable for the sector, a Morgan Keegan analyst said Monday. Last week, the Home temporarily extended a health insurance program for

Hawaii stocks get a holiday lift
MSN MoneyCentral - Bank of Hawaii Corp ( BOH ) Stock Quote , Chart , News , Add to Watchlist Hawaii stocks enjoyed an early Christmas present as the markets shut early on Monday. In light trading, all local stocks ended up for the day, with the exception of Hawaiian

US STOCKS-Futures higher before shortened holiday session
Reuters - US STOCKS-Wall St set to open higher on Merrill, retailers eyed NEW YORK, Dec 24 (Reuters) - U.S. stock index futures pointed to a higher open on Monday, with stocks prone to hold on to Friday’s sharp gains in an abbreviated Christmas Eve trading

Oil gains on tight US stocks
News.com.au - This was also affected due to foul weather which forced Mexico to close two key oil ports. The gains, however, were tempered by forecasts that mild weather in the Northeast would slash demand for fuel in the world’s largest heating oil market. US

Yen Trades at Six-Week Low Against Dollar After Stocks Rally
Bloomberg - Dec. 25 (Bloomberg) — The yen traded at a six-week low against the dollar after a rally in global stocks and a drop in borrowing costs increased demand for higher-yielding assets funded by loans in Japan. Japan’s currency depreciated against 15 of

More Local Headlines
WDAM-TV - One official says roads are more like ice rinks as a winter storms moves across the country’s midsection. At least five people have been killed and dozens more injured in pileups in Minnesota, Texas and Kansas. Wind and ice have knocked out power to

Japan stocks seen higher on Wall St rally, soft yen
Forbes - TOKYO, Dec 25 (Reuters) - A rally on Wall Street and a soft yen will likely boost Japanese stocks across the board on Tuesday, particularly benefiting exporters such as Canon Inc , while financial stocks may gain after news from Merrill Lynch lifted

Giant Interactive rises with $200M share buyback plan, other Chinese
CNBC - NEW YORK - American Depositary shares of Giant Interactive Group Inc. jumped Monday after the company stated its board approved a $200 million share buyback plan, while other Chinese Internet stocks mostly rose in an abbreviated trading session. Giant

Mexico stocks, peso gain on Merrill Lynch plans
Reuters - MEXICO CITY, Dec 24 (Reuters) - Mexican stocks rose on Monday and the peso currency firmed as investors welcomed news that U.S. bank Merrill Lynch plans to sell a lending unit. The benchmark IPC stock index <.MXX> finished 0.73 percent higher at 29

UPDATE 2-Toronto stocks boosted by resource issues
Reuters - TORONTO, Dec 24 (Reuters) - The Toronto Stock Exchange’s main index ended higher on Monday after a half day of light trading, pulled up by gains in resource and financial shares. The materials sector led the way, adding 1.3 percent, lifted by net

U.S. STOCKS - Santa visits Wall St as Merrill deal lifts banks
Reuters India - NEW YORK (Reuters) - U.S. stocks rallied on Monday, led by financial companies, after Merrill Lynch took steps to shore up its balance sheet with plans to raise up to $6.2 billion and sell a lending unit. The Dow industrials and the S&P 500 shut

European stocks steady, Capgemini surges
Reuters - PARIS, Dec 24 (Reuters) - European shares were little changed in early trade on Monday, while volumes were expected to remain very thin in the shortened session ahead of the Christmas break. Among standout gainers, shares in Capgemini (CAPP.PA: Quote

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Stocks Rise on Merrill Deals
BusinessWeek - Not many traders or other creatures were stirring on Wall Street the day before Christmas amid light activity in an abbreviated session. Major U.S. stock indexes opened higher on Monday, with financials getting a boost from reports that Merrill Lynch

European Stocks Advance; BHP, RBS, Cap Gemini Shares Climb
Bloomberg - Dec. 24 (Bloomberg) — European stocks gained, led by commodity producers and banks as copper surged by its daily limit in Shanghai and the cost of borrowing euros, pounds and dollars fell for a fifth day. BHP Billiton Ltd., the world’s largest

Treasuries Decline as Rising U.S. Stocks Reduce Appeal of Debt
Bloomberg - Dec. 24 (Bloomberg) — Treasury notes fell as U.S. stock indexes gained, reducing investor interest in the safety of government debt. Equities rose as Merrill Lynch & Co. sold most of its commercial finance business to General Electric Co. Treasuries

REFILE-GLOBAL MARKETS-Stocks rise on US slowdown relief; dlr up
Forbes - SINGAPORE, Dec 24 (Reuters) - Asian shares rose, with Seoul and Taipei gaining more than 2 percent as strong U.S. consumer spending calmed fears the world’s top economy was heading into a recession, while the dollar traded near a six-week high

Canadian Stocks Advance, Led by Materials and Financial Shares
Bloomberg - Dec. 24 (Bloomberg) — Canadian stocks rose for a fourth day, led by financial companies, as Canada’s non-bank asset-backed commercial paper market began trading for the first time in four months. Materials shares had the second-biggest gain among 10

Yen Falls to Six-Week Low Against Dollar as Global Stocks Rally
Bloomberg - Dec. 24 (Bloomberg) — The yen fell to a six-week low against the dollar and dropped versus the euro as global stocks rallied, increasing demand for higher-yielding assets funded by loans in Japan. Japan’s currency dropped against all of its 16 most

French Stocks Advance, Led by Cap Gemini, Air France and Atos
Bloomberg - The CAC 40 Index added 11.51, or 0.2 percent, to 5614.28 in Paris. The SBF 120 Index advanced 0.3 percent. Cap Gemini, Europe’s largest computer-services company, rallied 4.29 euros, or 11 percent, to 45 euros. Wipro Ltd., India’s third-largest

Market Report — Story Stocks (FDX)
MSN MoneyCentral - FedEx (FDX 93.54, -0.75) is plenty busy these days delivering packages, even if it isn’t delivering as many packages as it would like on account of the slowdown in the U.S. economy. That reality was addressed in its second quarter earnings report

Mexico stocks, peso gain on Merrill Lynch plans
Reuters - MEXICO CITY, Dec 24 (Reuters) - Mexican stocks rose on Monday and the peso currency firmed as investors welcomed news that U.S. bank Merrill Lynch plans to sell a lending unit amid thin holiday trading. The benchmark IPC stock index <.MXX> gained 0.7

US STOCKS-Merrill pushes Wall St higher, retailers eyed
Reuters - NEW YORK, Dec 24 (Reuters) - U.S. stocks rose on Monday, lifted by news Merrill Lynch (MER.N: Quote , Profile , Research ) plans to sell a lending unit and with investors eyeing retailers as the busy holiday shopping season draws to a close. Trading

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