May 10, 2008
wall street
The American values close the session down against a backdrop of concerns related to the financial crisis and the impact of higher prices for raw materials. On the side of the news companies, American International Group (NYSE: AIG - News) sells more than 8% after publishing records losses and have shared attention to waive 12.5 billion dollars of capital. In the field of video games, Activison is well oriented after publishing quarterly results above expectations. On the side values the Internet, Priceline.com wins 12% after folded the same year. Finally, in the distribution sector, Longs Drug Stores is a slight increase after published for the month of April, disappointing attendance figures. On the front of the economy, the Commerce Department reported that the U.S. trade deficit shrank to 58.2 billion dollars in March against 61.7 billion in February and 61 billion dollars expected on average by economists.
The Dow Jones (news) to close down 0.94% to 12 745.88 points. The Nasdaq Composite (NASDAQ: news) dipped 0.23% to 2 445.52 points. The broader index S & P 500, meanwhile, abandons 0.67% to 1 388.29 points.
On the side of values, on retiendra American International Group, which fall of 8.77% to 40.28 dollars. The insurance company announced in the first quarter, losses of 7.8 billion dollars against a profit of 4.13 billion postponed a year earlier. Back to action, the loss amounted to 1.41 dollar against 76 cents expected by investors. AIG also indicates that it will raise 12.5 billion dollars, in order to strengthen its own funds. In addition, AIG said that his board of directors voted in favour of an increase of 10% of its quarterly dividend by 22%, the group's director Martin Sullivan stating that the core of society, namely insurance business continues to perform satisfactorily. Finally, the rating agency Fitch lowers his note on the company's debt from AA to AA (5GZ.SI - News) -.
In the field of video games, Activison jumped 14.22% to 31.64 dollars. The publisher announced for the fourth quarter, profits of 44.2 million against a loss of 14.4 million dollars recorded a year ago. Excluding exceptional items, earnings per share amounted to 17 cents, significantly higher than the 4 cents approached by the market. Revenues were up 93% to 602.5 million. For the current quarter, Activison indicates rely on a turnover of around $ 500 million and earnings per share excluding charges of 13 cents.
In the pharmaceutical sector, Mylan Laboratories yields 8.35% to 11.42 dollars. The laboratory specializing in generic drugs has seen the first quarter, its losses widen to 443.9 million against $ 71.3 million a year ago. Excluding exceptional items, earnings per share amounted to 9 cents, a penny better than forecasts of operators. Revenues for the period were up to 1.07 billion dollars against 487.3 million dollars last year at the same time, but slightly below the 1.13 billion expected by the market.
In the semiconductor sector, Nvidia increased by 2.64% to 22.53 dollars. The maker of graphics components saw in the first quarter, its profits grow to 176.8 million dollars against 132.3 million dollars last year. Excluding non-recurring items, earnings per share amounted to 36 cents, or 2 cents less than projections of stakeholders. Revenues were up to 1.15 billion dollars against 844.3 million one year earlier.
On the side values the Internet, Priceline.com wins 12% to $ 138.63. The site specializes in selling products based travel reported for the first quarter, 18.2 million profit against a loss of 14.2 million deferred a year earlier. In pro forma basis, earnings per share amounted to 76 cents, significantly higher than the 51 cents approached by analysts. Revenues in the quarter were up to 403.2 million dollars against 301.4 million dollars last year. Priceline.com benefits to indicate that it anticipates for the current quarter, earnings per share excluding exceptional items of 1.25 to 1.40 dollar and 5.25 to 5.65 dollars for the whole year against, respectively, 1.17 and dollar $ 4.67 expected by operators.
Finally, in the distribution sector, Longs Drug Stores closes the session on a gain of 0.46% to 43.90 dollars. The drugstore chain has published its figures for the month of April. The turnover was up 0.4% to 366 million dollars with a decline in sales on a comparable basis to 1.5% against an increase of 0.5% expected by investors.
On the foreign exchange market, the dollar finished the session down in the wake of the decline in equity markets. The European currency closed the session up and back above the threshold of 1.54 to 1.5482 against 1.5394 the previous day. Even trend for the Japanese currency, which remains above the threshold of 103 yen to the dollar at 103.01 against 103.70 on Thursday.
On the bond markets, rates relax with the decline in equity markets and as concerns related to credit markets are resurfacing. The 2-year finished the session at 2.21% 2.22% against the previous day. The 5-year finish the session at 2.97% against 2.98% on Thursday. The 10-year, for its part, relaxes by 1 basis point to 3.78%.
Oil closed up and recorded its strongest growth weekly for over a year. Traders were concerned about violence in Nigeria that could disrupt U.S. supplies of crude oil, while the summer period, synonymous with consumer approach. The price of WTI barrel on the New York Mercantile Exchange on June deadline closing up, above the bar $ 125, 125.96 dollars against 123.69 dollars the day before and after testing a new highest historical 126.25 dollars.
by erectusplus at 9:39 AM |
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