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| Equity Market News | 06th February 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 |
28/06/05AMD lawsuit helps technology in New YorkIn New York on Tuesday, the equities markets all finished in positive territory. The Dow Jones Industrial Average gained 1.1 percent to 10,405.63, the S&P 500 rose 0.9 percent to 1,201.57, and the Nasdaq Composite advanced 1.2 percent to 2,069.89. Factors spurring the advances included a decline in crude oil prices, news that the consumer confidence index and reached a 3-year high, and improvements in the labor market. Airlines tended to show gains on the news that oil prices were declining. Delta Air Lines advanced 12.8 percent to $3.97, AMR gained 9.3 percent to $12.3, and Air Tran Holdings was up 6.1 percent to $9.47. Some energy stocks fell as investors interpreted lower oil prices as a threat to profits. Amerada Hess was down 3.8 percent to $106.26, while Marathon Oil lost 2.9 percent to $53.96. The technology sector got more than its share of attention on the equities markets on Tuesday as Advanced Micro Devices announced that it has filed a lawsuit against Intel. The suit charges that Intel forced clients to buy their chips rather than AMD’s product. While two investigations by the US Federal Trade Commission have been closed without finding any wrongdoing on Intel‘s part, AMD has filed a complaint of anti-competitive practices by Intel to the European Commission. A ruling by the Fair Trade Commission in Japan found that Intel had violated anti-trust laws when it offered rebates to five Japanese companies if they would limit purchases of chips made by AMD. After news of the lawsuit was released, AMD’s shares gained 6.3 percent to $17.70, and Intel’s stock were up by 1.8 percent to $26.33. |
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