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Equity Market News 06th February 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta 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

28/06/05

Permalink 03:27:55 pm, Categories: New York NYSE, Technology, Energy & Power, Electronics, Oil, Travel, Leisure, 256 words  

AMD lawsuit helps technology in New York

In 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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