Monday, September 12, 2005

Stock Markets Morning News 9/12/2005

Stocks open flat, uncertainty weighs

Reuters - U.S. stocks opened little changed on Monday as uncertainty about the direction of the economy weighed, while a planned acquisition of software company Siebel Systems Inc. by rival Oracle Corp. helped Nasdaq.

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Stocks Mixed on Acquisitions, Lower Oil

In a file photo eBay Inc.  headquarters in San Jose, Calif., is shown Wednesday, April 21, 2004. The online auctioneer eBay Inc. said Monday, Sept. 12, 2005,  that it will acquire Internet communications company Skype Technologies SA for about $2.6 billion in cash and eBay stock. (AP Photo/Paul Sakuma)AP - Stocks were mixed Monday as a spate of multibillion-dollar acquisition deals and falling oil prices encouraged investors in the absence of economic data and other corporate news.


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Early stock signals mostly positive as takeover deals grab headlines

Canadian Press - TORONTO (CP) - Global indicators were mostly positive for North American stock markets early Monday amid a flurry of U.S. takeover deals.

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Stocks seen steady, focus on eBay-Skype

Reuters - U.S. shares were expected to open steady on Monday as crude oil prices stayed near $64 a barrel, while online auction house eBay will be eyed following acquisition news of an acquisition.

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Investors Optimistic Despite Oil, Katrina

An oil tanker is docked at a Marathon refinery along the Mississippi River Saturday, Sept. 10, 2005 outside New Orleans. (AP Photo/David J. Phillip)AP - Stock investors are feeling bullish these days, shrugging off so far the effects of $3-per-gallon gasoline and the short-term economic impact of Hurricane Katrina's devastation.


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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar steers clear of recent lows

Reuters - The dollar on Friday held more than a cent away from three-months lows against the euro hit after the deadly Hurricane Katrina struck the U.S., as fears about the long-term impact of the disaster waned.

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Nikkei up on techs

Reuters - Japan's Nikkei average rose 1.26 percent to end at a four-year high on Friday as investors bought lagging tech shares, with expectations that the ruling coalition will win Sunday's general election also lifting the market.

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NYSE Postpones Life Sciences Listing

AP - Executives of Life Sciences Research Inc., a medical research firm frequently targeted by animal rights activists, were having breakfast in the ornate dining room of the New York Stock Exchange on Wednesday, excited about their new listing on the Big Board.

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Dollar gains as oil price falls

Reuters - The dollar rose against the euro on Thursday as oil prices fell in the wake of U.S. crude oil inventory data.

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