(MarketWatch) -- U.S. stock futures edged lower on Wednesday, with Intel's cautious outlook giving further ammunition for bears after two straight losses.
S&P 500 futures fell nine-tenths of a point to 839.20 and Nasdaq 100 futures fell 9.5 points to 1,314.50. Futures on the Dow Jones Industrial Average climbed 23 points.
U.S. stocks dropped on Tuesday after a surprising retail sales drop and as traders sold Goldman Sachs shares after a $5 billion stock offering. The Dow Jones Industrial Average fell 137 points, the S&P 500 dropped 17 points and the Nasdaq Composite lost 27 points.
Intel fell 4% in Frankfurt as the company projected sales to be roughly flat from the first quarter and gross margins in the mid-40s, which were disappointing to some analysts who were expecting a bounce in the second quarter.
The company's first-quarter profit fell 55%, which wasn't as steep as forecast.
Also on the tech front, Infosys Technologies dropped in Bombay trade as the software giant said it expects its first-ever decline in annual earnings and revenue.
EBay rose 2% in Frankfurt as the online auctioneer said it would spin off its Skype unit via an initial public offering.
Elsewhere, UBS dropped 3.7% in Zurich after the Swiss bank said it would lose $1.8 billion in the first quarter and cut its workforce by 8,700 after seeing outflows.
Sanofi-Aventis said it's going to buy privately held cancer drug maker BiPar Sciences for as much as $500 million. Abbott Labs is among the firms reporting results on Wednesday.
On the economics calendar, traders will be watching the release of March consumer price inflation data at 8:30 a.m. Eastern. Economists surveyed by MarketWatch produced a consensus forecast of a 0.1% drop following a 0.4% rise in February.
Read more at MarketWatch
Showing posts with label UBS AG. Show all posts
Showing posts with label UBS AG. Show all posts
Wednesday, April 15, 2009
Monday, August 6, 2007
U.S. Stock-Index Futures Rise; Ford, Merrill Lynch Shares Gain in Europe
(Bloomberg) -- U.S. stock-index futures climbed as
investors speculated last week's losses may have been
exaggerated.
Ford Motor Co. advanced in Europe after the London Times
reported that Jacques Nasser, the company's former chief
executive officer, may visit the Land Rover and Jaguar factories
in the U.K. as part of an attempt to buy the brands. Merrill
Lynch & Co. gained after UBS AG recommended buying shares of the
third-largest U.S. securities firm.
Read more at Bloomberg Stocks News
investors speculated last week's losses may have been
exaggerated.
Ford Motor Co. advanced in Europe after the London Times
reported that Jacques Nasser, the company's former chief
executive officer, may visit the Land Rover and Jaguar factories
in the U.K. as part of an attempt to buy the brands. Merrill
Lynch & Co. gained after UBS AG recommended buying shares of the
third-largest U.S. securities firm.
Read more at Bloomberg Stocks News
Sunday, August 5, 2007
Putin Favors Ruble Traders Over Oil Profits in Battle Against Inflation
(Bloomberg) -- Russian President Vladimir Putin's
plan to keep inflation from accelerating depends on favoring
foreign-exchange traders over the country's oil and gas
companies.
Putin will probably allow the central bank to double the
ruble's pace of appreciation this year because he has few options
outside the foreign exchange market to rein in consumer prices,
according to strategists at Bank of America Corp. and UBS AG.
Russia's 8.5 percent inflation rate is three times faster than
any other Group of Eight country.
Read more at Bloomberg Emerging Markets News
plan to keep inflation from accelerating depends on favoring
foreign-exchange traders over the country's oil and gas
companies.
Putin will probably allow the central bank to double the
ruble's pace of appreciation this year because he has few options
outside the foreign exchange market to rein in consumer prices,
according to strategists at Bank of America Corp. and UBS AG.
Russia's 8.5 percent inflation rate is three times faster than
any other Group of Eight country.
Read more at Bloomberg Emerging Markets News
Monday, July 30, 2007
European Chemical Stocks Gain, Led by Imperial Chemicals; UBS, 3i Slide
(Bloomberg) -- European chemical stocks rose after
Imperial Chemical Industries Plc rejected a sweetened bid from
Akzo Nobel NV and Linde AG, the largest maker of industrial
gases, reported earnings that topped analysts' estimates.
UBS AG and 3i Group Plc led declines by financial companies
after IKB Deutsche Industriebank AG of Germany said profit will
be ``significantly'' lower than forecast, hit by the U.S.
subprime mortgage rout.
Read more at Bloomberg Stocks News
Imperial Chemical Industries Plc rejected a sweetened bid from
Akzo Nobel NV and Linde AG, the largest maker of industrial
gases, reported earnings that topped analysts' estimates.
UBS AG and 3i Group Plc led declines by financial companies
after IKB Deutsche Industriebank AG of Germany said profit will
be ``significantly'' lower than forecast, hit by the U.S.
subprime mortgage rout.
Read more at Bloomberg Stocks News
Monday, July 16, 2007
U.S. Stocks Decline as Oil Rises; SanDisk, Dow Jones & Co. Shares Retreat
(Bloomberg) -- U.S. stocks fell after oil rose
above $74 a barrel, spurring concern higher fuel prices may
hamper consumer spending and corporate profits.
SanDisk Corp., the world's largest maker of flash-memory
cards, declined after UBS AG downgraded the shares. Dow Jones &
Co. retreated after the Wall Street Journal reported that a
member of the publisher's controlling family is trying to block
its' sale to Rupert Murdoch's News Corp.
Read more at Bloomberg Stocks News
above $74 a barrel, spurring concern higher fuel prices may
hamper consumer spending and corporate profits.
SanDisk Corp., the world's largest maker of flash-memory
cards, declined after UBS AG downgraded the shares. Dow Jones &
Co. retreated after the Wall Street Journal reported that a
member of the publisher's controlling family is trying to block
its' sale to Rupert Murdoch's News Corp.
Read more at Bloomberg Stocks News
U.S. Stock-Index Futures Decline as Oil Rises; SanDisk, Dow Jones Retreat
(Bloomberg) -- U.S. stock-index futures fell after
oil rose above $74 a barrel, spurring concern that higher fuel
prices may hamper consumer spending and corporate profits.
SanDisk Corp., the world's largest maker of flash-memory
cards, declined after UBS AG downgraded the shares. Dow Jones &
Co. retreated after the Wall Street Journal reported that a
member of the publisher's controlling family is trying to block
its' sale to Rupert Murdoch's News Corp.
Read more at Bloomberg Stocks News
oil rose above $74 a barrel, spurring concern that higher fuel
prices may hamper consumer spending and corporate profits.
SanDisk Corp., the world's largest maker of flash-memory
cards, declined after UBS AG downgraded the shares. Dow Jones &
Co. retreated after the Wall Street Journal reported that a
member of the publisher's controlling family is trying to block
its' sale to Rupert Murdoch's News Corp.
Read more at Bloomberg Stocks News
Sunday, July 15, 2007
Alcoa, Alumina Advance on Takeover Speculation After Rio's Bid for Alcan
(Bloomberg) -- Shares of Alcoa Inc. and Alumina
Ltd., partners in the world's biggest alumina venture, rose to
records on speculation that Rio Tinto Group's $38.1 billion bid
for Alcan Inc. will spark more aluminum-industry takeovers.
BHP Billiton Ltd. might bid for New York-based Alcoa and
Alumina, UBS AG analysts Glyn Lawcock and Mark Busuttil said in
a report yesterday. Alcoa also may try to buy Melbourne-based
Alumina, which owns 40 percent of the Alcoa World Alumina &
Chemical joint venture, the analysts said.
Read more at Bloomberg Commodities News
Ltd., partners in the world's biggest alumina venture, rose to
records on speculation that Rio Tinto Group's $38.1 billion bid
for Alcan Inc. will spark more aluminum-industry takeovers.
BHP Billiton Ltd. might bid for New York-based Alcoa and
Alumina, UBS AG analysts Glyn Lawcock and Mark Busuttil said in
a report yesterday. Alcoa also may try to buy Melbourne-based
Alumina, which owns 40 percent of the Alcoa World Alumina &
Chemical joint venture, the analysts said.
Read more at Bloomberg Commodities News
Wednesday, July 11, 2007
U.S. Stocks Rebound on Takeovers; Yum!, Steelmaker Shares Lead Advance
(Bloomberg) -- U.S. stocks rose after takeover
speculation swept through the metals industry and Federal
Reserve officials said the economy will weather the home loan
crisis.
Nucor Corp. and Alcoa Inc. led the Standard & Poor's 500
Index to its sixth gain in seven days after Chaparral Steel Co.
agreed to be bought for $4.22 billion and the Times of London
reported Alcan Inc. may be the target of a bidding war. Yum!
Brands Inc., owner of the Pizza Hut and Taco Bell chains,
climbed on a UBS AG report predicting it will buy back stock.
Read more at Bloomberg Stocks News
speculation swept through the metals industry and Federal
Reserve officials said the economy will weather the home loan
crisis.
Nucor Corp. and Alcoa Inc. led the Standard & Poor's 500
Index to its sixth gain in seven days after Chaparral Steel Co.
agreed to be bought for $4.22 billion and the Times of London
reported Alcan Inc. may be the target of a bidding war. Yum!
Brands Inc., owner of the Pizza Hut and Taco Bell chains,
climbed on a UBS AG report predicting it will buy back stock.
Read more at Bloomberg Stocks News
Monday, July 2, 2007
Crude Oil Rises to 10-Month High on Tightening Year-End Supply Outlook
(Bloomberg) -- Crude oil rose to a 10-month high on
speculation inventories will decline as demand increases later in
the year.
UBS AG, Europe's largest bank by assets, raised its 2007
forecast for West Texas Intermediate by 6.5 percent to $65 a
barrel from $61 because of low inventories and strong demand. Oil
use peaks in the fourth quarter, when refiners make heating fuel
for the Northern Hemisphere winter. Gasoline consumption in the
U.S., the world's biggest oil user, usually rises in summer.
Read more at Bloomberg Commodities News
speculation inventories will decline as demand increases later in
the year.
UBS AG, Europe's largest bank by assets, raised its 2007
forecast for West Texas Intermediate by 6.5 percent to $65 a
barrel from $61 because of low inventories and strong demand. Oil
use peaks in the fourth quarter, when refiners make heating fuel
for the Northern Hemisphere winter. Gasoline consumption in the
U.S., the world's biggest oil user, usually rises in summer.
Read more at Bloomberg Commodities News
AMB, Centennial, ECI, New York Times, Schwab, Vornado: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 1:10 p.m. New York time.
Real estate investment trusts advanced after UBS AG said the
stocks may jump 21 percent as a group in the next 12 months and
Merrill Lynch & Co. upgraded Vornado Realty Trust (VNO US).
Read more at Bloomberg Stocks News
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 1:10 p.m. New York time.
Real estate investment trusts advanced after UBS AG said the
stocks may jump 21 percent as a group in the next 12 months and
Merrill Lynch & Co. upgraded Vornado Realty Trust (VNO US).
Read more at Bloomberg Stocks News
Sunday, July 1, 2007
Western Mining Seeks an $815 Million Initial Public Offering in Shanghai
(Bloomberg) -- China's Western Mining Co., a
producer of zinc, nickel and copper, is seeking as much as 6.2
billion yuan ($815 million) in a Shanghai initial public
offering to expand production and buy stakes in other mines.
The company will sell as many as 460 million new shares at
12 yuan to 13.48 yuan each, Xining, Qinghai-based Western Mining
said today in a filing to the Shanghai Stock Exchange. UBS AG,
Europe's biggest bank by assets, is arranging the sale, its
first in China.
Read more at Bloomberg Emerging Markets News
producer of zinc, nickel and copper, is seeking as much as 6.2
billion yuan ($815 million) in a Shanghai initial public
offering to expand production and buy stakes in other mines.
The company will sell as many as 460 million new shares at
12 yuan to 13.48 yuan each, Xining, Qinghai-based Western Mining
said today in a filing to the Shanghai Stock Exchange. UBS AG,
Europe's biggest bank by assets, is arranging the sale, its
first in China.
Read more at Bloomberg Emerging Markets News
UBS Raises West Texas, Brent Crude Oil Forecasts on Higher Refinery Demand
(Bloomberg) -- UBS AG raised its 2007 forecast for
crude oil traded in New York to $65 a barrel, from $61, as
stronger demand from refiners lowers inventories.
The bank boosted its forecast for Brent crude oil to $67 a
barrel for 2007, from $60, UBS said in a report today.
Read more at Bloomberg Energy News
crude oil traded in New York to $65 a barrel, from $61, as
stronger demand from refiners lowers inventories.
The bank boosted its forecast for Brent crude oil to $67 a
barrel for 2007, from $60, UBS said in a report today.
Read more at Bloomberg Energy News
Tuesday, June 26, 2007
New York Transit Authority, Colorado City Lead U.S. Municipal Borrowers
(Bloomberg) -- New York State's Metropolitan
Transportation Authority and the city of Aurora, Colorado, will
borrow more than $800 million combined in today's largest sales
of U.S. state and local government bonds.
The Metropolitan Transportation Authority, operator of the
largest U.S. public transit network, will sell $425 million of
bonds in a deal managed by UBS AG. Aurora, Colorado's third
most-populous city, will offer $426 million of debt with
JPMorgan Chase & Co. tapped to manage the sale.
Read more at Bloomberg Bonds News
Transportation Authority and the city of Aurora, Colorado, will
borrow more than $800 million combined in today's largest sales
of U.S. state and local government bonds.
The Metropolitan Transportation Authority, operator of the
largest U.S. public transit network, will sell $425 million of
bonds in a deal managed by UBS AG. Aurora, Colorado's third
most-populous city, will offer $426 million of debt with
JPMorgan Chase & Co. tapped to manage the sale.
Read more at Bloomberg Bonds News
Friday, June 22, 2007
European Stocks Decline on Ifo Report; Arcelor, Julius Baer, Barclays Fall
(Bloomberg) -- European stocks dropped for a second
day after German business confidence fell more than economists
forecast in June.
Arcelor Mittal led metal producers lower after the world's
largest steelmaker said demand may slow. Julius Baer Holding AG
declined the most in a year after UBS AG sold its stake in the
Swiss Bank. Deutsche Bank AG and Barclays Plc paced a retreat by
banks on concern losses in the U.S. mortgage market may grow.
Read more at Bloomberg Stocks News
day after German business confidence fell more than economists
forecast in June.
Arcelor Mittal led metal producers lower after the world's
largest steelmaker said demand may slow. Julius Baer Holding AG
declined the most in a year after UBS AG sold its stake in the
Swiss Bank. Deutsche Bank AG and Barclays Plc paced a retreat by
banks on concern losses in the U.S. mortgage market may grow.
Read more at Bloomberg Stocks News
European Stocks Decline on Ifo Report; Vinci, DaimlerChrysler Fall
(Bloomberg) -- European stocks dropped for a second
day after German business confidence fell more than economists
forecast in June, adding to signs that growth in Europe's largest
economy may slow.
Vinci SA, the world's biggest construction company, and
German carmaker DaimlerChrysler AG led the retreat. Julius Baer
Holding AG declined the most in a year after UBS AG sold part of
its stake in the Swiss Bank, thwarting takeover speculation.
Infineon Technologies AG slid after Merrill Lynch & Co. lowered
its recommendation for the shares.
Read more at Bloomberg Stocks News
day after German business confidence fell more than economists
forecast in June, adding to signs that growth in Europe's largest
economy may slow.
Vinci SA, the world's biggest construction company, and
German carmaker DaimlerChrysler AG led the retreat. Julius Baer
Holding AG declined the most in a year after UBS AG sold part of
its stake in the Swiss Bank, thwarting takeover speculation.
Infineon Technologies AG slid after Merrill Lynch & Co. lowered
its recommendation for the shares.
Read more at Bloomberg Stocks News
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