Four stocks in the market are the subject of intense skepticism. Jim Cramer's not sure that they should be.» Read More
A U.S. federal judge dismissed Alcatel-Lucent's patent claim against Microsoft over technology that converts speech into text.
Microsoft on Thursday lost the first of six patent lawsuits brought by Paris-based telecom equipment maker Alcatel-Lucent, and a federal district court jury set damages at $1.5 billion.
Driven by soothing words from the Fed Chairman and the market's own mania for deals, stocks closed out last week on a high note. This week, traders will be ready to pounce on any news that will reinforce the view that the Fed might cut rates this year after all.
Potential takeover bids of Alcoa by one of two Australian-based companies reportedly considering such a move were unlikely because of the U.S. aluminum producer's company dynamics, cost factors and increasing Chinese competition, analysts said Wednesday.
"It's more company-specific news items than anything else," Tony Dwyer, equity market strategist at FTN Midwest Securities, said in an interview with CNBC.com. "You had a very near-term oversold market, you've had a back-and-forth tape over the last few days, so today evens it out."
BHP Billiton, the world's largest mining company, and Rio Tinto, the world's second largest iron ore producer, are said to be considering separate $40 billion offers for Alcoa. But some analysts question the likelihood of such a deal.
Alcatel-Lucent on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.
Shares in Alcatel-Lucent slumped Tuesday after the telecommunications giant warned that a weak performance in the fourth quarter will lead to full-year 2006 revenue coming in at a level similar to its 2005 performance.
Stocks opened initially higher as strong earnings from United Technologies helped boost the Dow. Energy stocks gained as oil moved above $53 a barrel.
Stocks in the U.S. are leaning towards a higher open, as investors brace for a barrage of earnings news. Oil is bucking its recent downtrend and is slightly higher as cold weather finally settles into the Northeast. European stocks are trading higher, helped by mining, metals and oil stocks. Asian markets closed higher with Tokyo at a 9-month high.
"We think we're getting close to a top," said Bill Strazzullo, chief market strategist for Bell Curve Trading. "The problem is the market is counting on this booster shot of lower interest rates and some of that has been taken out."
World's biggest aluminum maker Alcoa said its board authorized a buyback of about 87 million shares and a more than 13% increase in its annual dividend.
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AirTran Holdings raised its offer for Midwest Air Group by almost 18% to about $345 million after its earlier bid for the regional airline was rejected last month.
Buying in technology and financial stocks pushed stocks higher, outweighing declines in the energy sector.
Alcoa, the world's largest aluminum producer, posted a sharp increase in fourth-quarter earnings, as higher aluminum prices boosted revenue.
As we've noted--earnings season officially kicks-off later today, with Alcoa reporting after the bell. So will 4th quarter corporate profits be a boom or a bust, and what role will oil play? (an earlier post had some sector predictions). CNBC’s Mark Haines asked two analysts on today’s “Morning Call.” Nick Raich, Director of Research at National City Private Client Group says...
We've been telling you that earnings season gets underway today--when Alcoa releases its earnings after the closing bell. Wall Street investors are certainly interested in who will meet or beat expectations--and who will NOT do either in Q4. CNBC's Mary Thompson previewed some numbers on "Squawk on the Street" as to which sectors may come out on top--or the bottom.
Stocks in the U.S. are positioned to move higher on the opening after yesterday's afternoon turnaround. European stock markets are higher, and Asia turned in a mixed performance. Today kicks off the fourth quarter earnings season with the release of Dow component Alcoa's earnings after the bell. OIL DIP: Oil is weaker again this morning and heading close to the $55 technical level traders are watching.
Stocks closed higher after bargain hunters stepped in to drive up shares of financials, technology and industrials.