The following is a list of companies whose shares may have unusual price changes in Canadian markets. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index fell 252.38, or 1.8 percent, to 14,118.18.
Cinch Energy Corp. (CNH CN): The oil and gas company in western Canada reported a third-quarter loss of 27 cents a share, according to the firm's statement on Marketwire. Chief Financial Officer Denise Ramage resigned to pursue other interests, the statement said. The company named Sarah Tait as its new CFO. Cinch shares fell 5 cents to 87 Canadian cents.
Kinross Gold Corp. (K CN): Canada's third-biggest gold producer said third-quarter profit fell to $39.4 million, or 7 cents a share. A year earlier, net income was $50.3 million, or 14 cents a share, Toronto-based Kinross said today in a statement distributed by Marketwire. Kinross fell 67 cents to C$18.54.
pennystockbusiness.net
четверг, 8 ноября 2007 г.
Gafisa, Petrobras, Unibanco, Usiminas: Brazil Equity Movers
Brazil's main stock index rose for the second time in three days, led by state-controlled oil company Petroleo Brasileiro SA.
The Bovespa Index of the most-traded shares on the Sao Paulo exchange gained 1,211.32, or 1.9 percent, to 64.711.94 as of 8:29 a.m. New York time.
The following are among the most active stocks in the Brazilian market today. In Brazil, the preferred share is usually the company's most-traded class of stock.
Cia. Vale do Rio Doce (VALE5 BS), the world's biggest iron-ore producer, rose 1.86 real, 3.5 percent, to 54.66 reais. BHP Billiton Ltd., the world's biggest mining company, said it offered to buy rival Rio Tinto Group, a proposal that was rejected.
Gafisa SA (GFSA3 BS) rose 2.73 reais, or 8.4 percent, the most in more than seven months, to 35.13 reais. Brazil's second-largest real estate company said earnings gained 12 percent in the third quarter to 30.9 million reais ($18 million) as lower borrowing costs spurred demand for homes.
Petroleo Brasileiro SA (PETR4 BS) gained the most in more than two years, adding 4.25 reais, or 6.1 percent, to a record 74.50 reais. Brazil's state-controlled oil company said today it estimates potential oil and gas reserves of 5 billion to 8 billion barrels in the offshore Tupi field in Brazil's Santos Basin.
Uniao de Bancos Brasileiros SA (UBBR11 BS) rose 33 centavos, or 1.3 percent, to 26.63 reais. Brazil's fourth-biggest non- government bank said in a regulatory filing third-quarter net income surged to 1.2 billion reais ($689 million) from 106 million reais a year earlier as record low interest rates encouraged consumers to spend more on credit.
Usinas Siderurgicas de Minas Gerais SA (USIM5 BS) rose 1.80 real, or 1.3 percent, to 137.30 reais. Third-quarter profit rose more than 6 percent form the year-ago period to 757.9 million reais ($437.8 million), Brazil's second-biggest steelmaker said today in a regulatory filing.
pennystockbusiness.net
The Bovespa Index of the most-traded shares on the Sao Paulo exchange gained 1,211.32, or 1.9 percent, to 64.711.94 as of 8:29 a.m. New York time.
The following are among the most active stocks in the Brazilian market today. In Brazil, the preferred share is usually the company's most-traded class of stock.
Cia. Vale do Rio Doce (VALE5 BS), the world's biggest iron-ore producer, rose 1.86 real, 3.5 percent, to 54.66 reais. BHP Billiton Ltd., the world's biggest mining company, said it offered to buy rival Rio Tinto Group, a proposal that was rejected.
Gafisa SA (GFSA3 BS) rose 2.73 reais, or 8.4 percent, the most in more than seven months, to 35.13 reais. Brazil's second-largest real estate company said earnings gained 12 percent in the third quarter to 30.9 million reais ($18 million) as lower borrowing costs spurred demand for homes.
Petroleo Brasileiro SA (PETR4 BS) gained the most in more than two years, adding 4.25 reais, or 6.1 percent, to a record 74.50 reais. Brazil's state-controlled oil company said today it estimates potential oil and gas reserves of 5 billion to 8 billion barrels in the offshore Tupi field in Brazil's Santos Basin.
Uniao de Bancos Brasileiros SA (UBBR11 BS) rose 33 centavos, or 1.3 percent, to 26.63 reais. Brazil's fourth-biggest non- government bank said in a regulatory filing third-quarter net income surged to 1.2 billion reais ($689 million) from 106 million reais a year earlier as record low interest rates encouraged consumers to spend more on credit.
Usinas Siderurgicas de Minas Gerais SA (USIM5 BS) rose 1.80 real, or 1.3 percent, to 137.30 reais. Third-quarter profit rose more than 6 percent form the year-ago period to 757.9 million reais ($437.8 million), Brazil's second-biggest steelmaker said today in a regulatory filing.
pennystockbusiness.net
среда, 7 ноября 2007 г.
Nasdaq Close to Buying Philadelphia Stock Exchange, People Say
Nasdaq Stock Market Inc., the all- electronic exchange that handles the most shares in the U.S., is close to buying the Philadelphia Stock Exchange for about $650 million, entering the fast-growing options business.
The transaction may be announced as soon as today, said two people familiar with the deal who declined to be identified because the negotiations aren't public.
Chief Executive Officer Robert Greifeld has struck four other acquisitions this year, spurring a 58 percent rise in Nasdaq shares to an all-time high yesterday. Gaining control of the Philadelphia market would make Nasdaq the third-biggest exchange in the $1 trillion U.S. options industry, where trading is growing at its quickest pace in seven years.
``They have arguably been the most acquisitive company in the exchange space,'' said Ed Ditmire, an analyst at Fox-Pitt, Kelton Cochran Caronia Waller, who has an ``in line'' rating on Nasdaq. ``The company is definitely hustling to grow. Expanding into fast-growing and more profitable options trading is going to be viewed positively by investors.''
Spokeswomen Barbara Sorid of the Philadelphia exchange and Silvia Davi of Nasdaq declined to comment.
Nasdaq yesterday rose $1.06, or 2.2 percent, to $48.81 in New York trading, the highest since the shares debuted in 2002. The FTSE/Mondo Visione Exchanges Index, which tracks 20 publicly traded exchanges from around the world, has risen 68 percent this year.
fastgrowthstock.com
The transaction may be announced as soon as today, said two people familiar with the deal who declined to be identified because the negotiations aren't public.
Chief Executive Officer Robert Greifeld has struck four other acquisitions this year, spurring a 58 percent rise in Nasdaq shares to an all-time high yesterday. Gaining control of the Philadelphia market would make Nasdaq the third-biggest exchange in the $1 trillion U.S. options industry, where trading is growing at its quickest pace in seven years.
``They have arguably been the most acquisitive company in the exchange space,'' said Ed Ditmire, an analyst at Fox-Pitt, Kelton Cochran Caronia Waller, who has an ``in line'' rating on Nasdaq. ``The company is definitely hustling to grow. Expanding into fast-growing and more profitable options trading is going to be viewed positively by investors.''
Spokeswomen Barbara Sorid of the Philadelphia exchange and Silvia Davi of Nasdaq declined to comment.
Nasdaq yesterday rose $1.06, or 2.2 percent, to $48.81 in New York trading, the highest since the shares debuted in 2002. The FTSE/Mondo Visione Exchanges Index, which tracks 20 publicly traded exchanges from around the world, has risen 68 percent this year.
fastgrowthstock.com
Axtel, Bematech, Cresud, Tenaris, Urbi: Latin Equity Preview
The following stocks may make significant gains or losses in Latin American markets today. Symbols are in parentheses after company names, and stock prices are from the last session.
The Morgan Stanley Capital International index of Latin American shares fell 2.4 percent to 4,391.86 yesterday. Markets in Argentina were closed yesterday for a holiday.
In Brazil, preferred shares are the most commonly traded class of stock.
Argentina
Banco Hipotecario SA (BHIP AF): Argentina's largest mortgage bank reported a third-quarter loss of 102.1 million pesos ($32.6 million), its first loss in 16 quarters. The bank had losses on central bank notes, government and corporate bonds and equities, the Buenos Aires-based bank wrote in a Nov. 5 statement distributed by PR Newswire. Hipotecario fell 11 centavos, or 4.4 percent, to 2.42 pesos.
Cresud SA (CRES AF): The Buenos Aires-based agriculture company reported a fiscal first-quarter loss of 12.6 million pesos ($4.01 million) compared with profit of 1.9 million pesos a year earlier. The result stemmed mainly from losses from interest in related companies, Cresud said in a Nov. 6 regulatory filing. Shares fell 3 centavos, or 0.4 percent, to 7.81 pesos.
IRSA Inversiones y Representaciones SA (IRSA AF): Argentina's biggest real-estate developer reported a 30 million peso ($9.58 million) loss in its fiscal first quarter, compared with a 15.6 million peso profit a year earlier. The result for the three months ended Sept. 30 reflects higher financial expenses and securities losses by mortgage lender Banco Hipotecario, IRSA wrote in a Nov. 5 statement distributed by PR Newswire. IRSA owns 12 percent of Hipotecario. Shares dropped 20 pesos, or 3.5 percent, to 5.55 pesos.
Petrobras Energia SA (PESA AR): The Argentine unit of Brazil's state-owned oil company will probably report a 70 million peso ($22.3 million) profit this quarter from the sale of its 76 percent stake in the Bajada del Palo oil concession, the company wrote in a regulatory filing yesterday. Petrobras Energia shares were unchanged at 9.30 pesos when they last traded Nov. 1.
fastgrowthstock.com
The Morgan Stanley Capital International index of Latin American shares fell 2.4 percent to 4,391.86 yesterday. Markets in Argentina were closed yesterday for a holiday.
In Brazil, preferred shares are the most commonly traded class of stock.
Argentina
Banco Hipotecario SA (BHIP AF): Argentina's largest mortgage bank reported a third-quarter loss of 102.1 million pesos ($32.6 million), its first loss in 16 quarters. The bank had losses on central bank notes, government and corporate bonds and equities, the Buenos Aires-based bank wrote in a Nov. 5 statement distributed by PR Newswire. Hipotecario fell 11 centavos, or 4.4 percent, to 2.42 pesos.
Cresud SA (CRES AF): The Buenos Aires-based agriculture company reported a fiscal first-quarter loss of 12.6 million pesos ($4.01 million) compared with profit of 1.9 million pesos a year earlier. The result stemmed mainly from losses from interest in related companies, Cresud said in a Nov. 6 regulatory filing. Shares fell 3 centavos, or 0.4 percent, to 7.81 pesos.
IRSA Inversiones y Representaciones SA (IRSA AF): Argentina's biggest real-estate developer reported a 30 million peso ($9.58 million) loss in its fiscal first quarter, compared with a 15.6 million peso profit a year earlier. The result for the three months ended Sept. 30 reflects higher financial expenses and securities losses by mortgage lender Banco Hipotecario, IRSA wrote in a Nov. 5 statement distributed by PR Newswire. IRSA owns 12 percent of Hipotecario. Shares dropped 20 pesos, or 3.5 percent, to 5.55 pesos.
Petrobras Energia SA (PESA AR): The Argentine unit of Brazil's state-owned oil company will probably report a 70 million peso ($22.3 million) profit this quarter from the sale of its 76 percent stake in the Bajada del Palo oil concession, the company wrote in a regulatory filing yesterday. Petrobras Energia shares were unchanged at 9.30 pesos when they last traded Nov. 1.
fastgrowthstock.com
вторник, 6 ноября 2007 г.
Google, Momenta, Sanofi-Aventis, WMS: U.S. Equity Preview
The following is a list of companies whose shares may have unusual price changes in U.S. exchanges today. This preview includes news that broke after exchanges closed yesterday. Stock symbols are in parentheses after company names. Share prices are as of 8:30 a.m. in New York.
American Science and Engineering Inc. (ASEI US): The maker of security-inspection equipment said second-quarter net income was 48 cents a share. That's below the 63-cent average estimate of analysts surveyed by Bloomberg. American Science and Engineering shares lost $4.40, or 7.5 percent, to $54.57 yesterday.
Archer Daniels Midland Co. (ADM US) climbed $1.86, or 5.4 percent, to $36.38. The world's largest grain processor reported first-quarter profit that topped analysts' estimates as increased sales of wheat, corn and soybeans more than made up for declines in ethanol prices.
Cognizant Technology Solutions Corp. (CTSH US) fell $2.81, or 7.1 percent, to $36.80. The computer-services company expects fourth-quarter revenue to be between $590 million and $595 million, missing the average analyst estimate of $598.5 million in a Bloomberg survey.
Cutera Inc. (CUTR US): The maker of lasers to remove hair stopped providing earnings forecasts, citing a market slowdown. Cutera shares declined 29 cents, or 1.4 percent, to $20.46 yesterday.
DivX Inc. (DIVX US) jumped $2.02, or 17 percent, to $14. The software maker said that, excluding some items, it expects to earn 16 cents to 18 cents a share in the fourth quarter. The average estimate from analysts in a Bloomberg survey was for profit of 14 cents.
lookthroughtmarket.com
American Science and Engineering Inc. (ASEI US): The maker of security-inspection equipment said second-quarter net income was 48 cents a share. That's below the 63-cent average estimate of analysts surveyed by Bloomberg. American Science and Engineering shares lost $4.40, or 7.5 percent, to $54.57 yesterday.
Archer Daniels Midland Co. (ADM US) climbed $1.86, or 5.4 percent, to $36.38. The world's largest grain processor reported first-quarter profit that topped analysts' estimates as increased sales of wheat, corn and soybeans more than made up for declines in ethanol prices.
Cognizant Technology Solutions Corp. (CTSH US) fell $2.81, or 7.1 percent, to $36.80. The computer-services company expects fourth-quarter revenue to be between $590 million and $595 million, missing the average analyst estimate of $598.5 million in a Bloomberg survey.
Cutera Inc. (CUTR US): The maker of lasers to remove hair stopped providing earnings forecasts, citing a market slowdown. Cutera shares declined 29 cents, or 1.4 percent, to $20.46 yesterday.
DivX Inc. (DIVX US) jumped $2.02, or 17 percent, to $14. The software maker said that, excluding some items, it expects to earn 16 cents to 18 cents a share in the fourth quarter. The average estimate from analysts in a Bloomberg survey was for profit of 14 cents.
lookthroughtmarket.com
U.S. Stock-Index Futures Advance; Exxon, Google Shares Climb
U.S. stock-index futures rose on improved earnings prospects at energy and technology companies, this year's best performing industries.
Exxon Mobil Corp. and ConocoPhillips led a rally in fuel producers after oil prices advanced to a record. Google Inc., owner of the world's most popular Internet search engine, climbed to an all-time high after Sanford C. Bernstein & Co. said the shares may rise 17 percent on better-than-expected overseas sales.
Standard & Poor's 500 Index futures expiring in December added 7.1 to 1,512.5 as of 9:15 a.m. in New York. Dow Jones Industrial Average futures gained 50 to 13,605. Nasdaq-100 Index futures increased 11.5 to 2,224.25. Stocks in Asia and Europe also climbed.
``The earnings numbers will continue to move higher, certainly outside of financials,'' said Lincoln Anderson, who helps oversee about $165 billion as chief investment officer at LPL Financial Services in Boston. ``We still have a very solid base for earnings in the other sectors of the market.''
Energy and technology companies in the S&P 500 have each rallied more than 20 percent this year for the top gains among 10 industries. Excluding financial firms, whose shares have tumbled 16 percent this year amid credit-market losses, earnings increased 7.3 percent for S&P 500 members that reported through yesterday. Analysts had projected a 4.9 percent profit gain, according to estimates compiled by Bloomberg.
Stock futures also advanced on speculation investor demand for debt used to finance takeovers is reviving after people familiar with the situation said bankers for Chrysler LLC plan to start selling $10 billion of loans to investors this week.
lookthroughtmarket.com
Exxon Mobil Corp. and ConocoPhillips led a rally in fuel producers after oil prices advanced to a record. Google Inc., owner of the world's most popular Internet search engine, climbed to an all-time high after Sanford C. Bernstein & Co. said the shares may rise 17 percent on better-than-expected overseas sales.
Standard & Poor's 500 Index futures expiring in December added 7.1 to 1,512.5 as of 9:15 a.m. in New York. Dow Jones Industrial Average futures gained 50 to 13,605. Nasdaq-100 Index futures increased 11.5 to 2,224.25. Stocks in Asia and Europe also climbed.
``The earnings numbers will continue to move higher, certainly outside of financials,'' said Lincoln Anderson, who helps oversee about $165 billion as chief investment officer at LPL Financial Services in Boston. ``We still have a very solid base for earnings in the other sectors of the market.''
Energy and technology companies in the S&P 500 have each rallied more than 20 percent this year for the top gains among 10 industries. Excluding financial firms, whose shares have tumbled 16 percent this year amid credit-market losses, earnings increased 7.3 percent for S&P 500 members that reported through yesterday. Analysts had projected a 4.9 percent profit gain, according to estimates compiled by Bloomberg.
Stock futures also advanced on speculation investor demand for debt used to finance takeovers is reviving after people familiar with the situation said bankers for Chrysler LLC plan to start selling $10 billion of loans to investors this week.
lookthroughtmarket.com
понедельник, 5 ноября 2007 г.
Berkshire, DTE Energy, Lilly, Pfizer: U.S. Equity Preview
The following is a list of companies whose shares may have unusual price changes in U.S. exchanges tomorrow. This preview includes news that broke after exchanges closed. Stock symbols are in parentheses after company names.
Abbott Laboratories (ABT US): The drugmaker's experimental combination pill Simcor worked as well as the two drugs it seeks to replace in lowering the harmful form of cholesterol and increasing the beneficial type, a study showed. Abbott stock fell 7 cents to $54.05 on Nov. 2.
American International Group Inc. (AIG US): The company's former chief executive, Maurice ``Hank'' Greenberg, began a campaign to shake up the insurer's management and may seek the sale of some units, he said Nov. 2 in a filing. The shares of New York-based AIG, the world's largest insurer, rose $2.43, or 4.1 percent, in extended trading to $61.55.
Berkshire Hathaway Inc. (BRK/A US): The investment company controlled by billionaire investor Warren Buffett said third- quarter profit surged 64 percent after gains from its investment in PetroChina Co. The stock rose $1,250 to $132,500 in regular trading.
Citigroup Inc. (C US): The crisis of leadership at the largest U.S. bank may hit a climax this weekend amid speculation that Chief Executive Officer Charles O. ``Chuck'' Prince III will resign. The company has had widening losses from bad mortgage debts. The stock gained $1.31, or 3.5 percent, to $39.04 in extended trading.
Delta Petroleum Corp. (DPTR US): The U.S. oil and gas producer may fall at least 20 percent this year and possibly into the next without a gas discovery soon, Barron's said, without citing anyone. Delta Petroleum shares fell 61 cents, or 3.5 percent, to $16.94 on Nov. 2.
microcappics.com
Abbott Laboratories (ABT US): The drugmaker's experimental combination pill Simcor worked as well as the two drugs it seeks to replace in lowering the harmful form of cholesterol and increasing the beneficial type, a study showed. Abbott stock fell 7 cents to $54.05 on Nov. 2.
American International Group Inc. (AIG US): The company's former chief executive, Maurice ``Hank'' Greenberg, began a campaign to shake up the insurer's management and may seek the sale of some units, he said Nov. 2 in a filing. The shares of New York-based AIG, the world's largest insurer, rose $2.43, or 4.1 percent, in extended trading to $61.55.
Berkshire Hathaway Inc. (BRK/A US): The investment company controlled by billionaire investor Warren Buffett said third- quarter profit surged 64 percent after gains from its investment in PetroChina Co. The stock rose $1,250 to $132,500 in regular trading.
Citigroup Inc. (C US): The crisis of leadership at the largest U.S. bank may hit a climax this weekend amid speculation that Chief Executive Officer Charles O. ``Chuck'' Prince III will resign. The company has had widening losses from bad mortgage debts. The stock gained $1.31, or 3.5 percent, to $39.04 in extended trading.
Delta Petroleum Corp. (DPTR US): The U.S. oil and gas producer may fall at least 20 percent this year and possibly into the next without a gas discovery soon, Barron's said, without citing anyone. Delta Petroleum shares fell 61 cents, or 3.5 percent, to $16.94 on Nov. 2.
microcappics.com
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