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| Equity Market News | 19th May 2012 | |
Equity Org Headlines:Essar Energy adds 3 percent in mostly lower London energy sectorAntofagasta leads miners higher in London Hunting plc leads energy sector lower Sports Direct International leads London retailers higher Pace plc drops 40 percent on profits warning Royal Bank of Scotland leads London banks lower Royal Bank of Scotland leads banks, FTSE 100 higher in London Lloyds Banking Group drops 8 percent on first-quarter loss Lloyds shares down on PPI claims Aquarius Platinum adds 7 percent amid mostly lower mining sector |
11/08/05Crude prices fail to halt equities in New YorkThe New York equities markets ended the day higher on Thursday despite crude oil prices that hit record levels Thursday. The Dow Jones Industrial Average ended the day ahead by 0.9 percent at 10,685.89, the Nasdaq composite gained 0.8 percent to 2,174.55, and the S&P 500 was up 0.7 percent at 1,237.81. The rise in oil prices didn’t help Delta Air Lines, which has been trying to avoid entering bankruptcy. Despite announcing that it will add larger aircraft on it’s New York to Boston and Washington shuttle routes, Delta lost 6.8 percent on the day to $1.79 amid expectations that it will file for bankruptcy soon. Tivo fell 6.2 percent to $5.62 on the announcement by DirecTV Group that it will quit marketing Tivo digital video recorders this year and replace them with alternate technology from News Corp, which owns 34 percent of DirecTV. DirecTV’s shares fell slightly on the news, to $16.18. News Corp itself gained 3.4 percent on the day to $18.03 after it announced a jump of 67 percent in its quarterly profits. Yahoo gained 2.2 percent to $34.94 after it said it would pay $1 billion in cash and trade its operations in China in exchange for 40 percent of Alibaba.com, the second-biggest internet auctioneer in China. Semiconductor manufacturer Intel dropped 0.2 percent on a downgrade to “in-line” by Goldman Sachs. |
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