ADVFN - Advanced Financial Network.
HOME» NASDAQ » R » RNOW Stock Price » RNOW Stock News

Rightnow Technologies Share News

 Rightnow Technologies (mm) Stock Price
RNOW Stock Price
 Rightnow Technologies (mm) Stock Chart
RNOW Stock Chart
 Rightnow Technologies (mm) Stock News
RNOW Stock News
 Rightnow Technologies (mm) Company Information
RNOW Company Information
 Rightnow Technologies (mm) Stock Trades
RNOW Stock Trades

US Stocks Jump After Deal Announcements, Commodities Rise

--Stocks jump as Caterpillar earnings, merger announcements hearten investors --Europe gains ground as debt talk optimism offsets weak data --Cigna to buy HealthSpring, Oracle to buy RightNow Technologies, Mattel to buy HIT Entertainment By Brendan Conway Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- U.S. stocks rose, pushing the Nasdaq Composite into positive territory for the year, as investors reacted to strong results from Caterpillar, a set of merger announcements and signs of progress toward a debt deal in Europe. The Dow Jones Industrial Average advanced 99 points, or 0.8%, to 11907 in midafternoon action. The Dow surged 267 points on Friday to close at a 2 1/2-month high, stretching its weekly winning streak to four weeks, the longest since January 2011. Caterpillar was head-and-shoulders above over all other blue-chip stocks, gaining 5.4% after the maker of construction and mining equipment reported third-quarter earnings and revenue that beat expectations. The company raised its outlook for the full year. The Standard & Poor's 500-stock index added 15 points, or 1.2%, to 1253, led by materials, financials and technology stocks. The Nasdaq Composite gained 58 points, or 2.2%, to 2695. The day brought a spate of deal announcements. Cigna added 0.7% after making a bet on Medicare with a $3.8 billion deal for HealthSpring, which surged 34%. HealthSpring focuses on Medicare Advantage, which provides elderly people Medicare services through private companies. Oracle rose 1.9% and RightNow Technologies surged 19% after the business-software company said it would buy the cloud-computing firm in a deal valued at $1.43 billion. Sara Lee sold the majority of its North American food-service coffee and tea operations to J.M. Smucker Co. for $350 million in cash. Sara Lee edged down 0.2% and Smucker shares added 0.7%. Mattel agreed to buy HIT Entertainment, which sells the Bob the Builder and Fireman Sam toy lines, for $680 million, from a consortium led by Apax Partners funds. The deal also gives Mattel ownership of well-known preschool brands Thomas & Friends and Barney. Mattel rose 2.7%. Telecom networking systems provider Juniper Networks also fueled merger hopes. The company is looking at potential acquisition targets in Asia, its top executive said in an interview. Shares added 5.5%. "Merger Monday is keeping a bid under a lot of stocks," said Paul Nolte, managing director at Dearborn Partners. "It indicates that we continue to have companies looking for ways to gain revenue that they're not able to get organically." Prices of key commodities jumped, among them copper. Used in a wide range of industries, the metal is often termed "Dr. Copper" for its sensitivity to the macroeconomic growth outlook. The most actively traded copper contract, for December delivery, recently traded up 21 cents, or 6.5%, to $3.433 a pound on the Comex division of the New York Mercantile Exchange. Crude-oil futures surged 4.5% to $91.30 a barrel. Gold futures rallied 1% to $1651.60 an ounce in recent action. European stocks finished broadly higher. The Stoxx Europe 600 rose 1.3% amid optimism that European leaders were near a deal on expanding the euro zone's bailout fund. Germany's DAX gained 1.4%. German Chancellor Angela Merkel and French President Nicolas Sarkozy said over the weekend that they had made progress toward a broad agreement on dealing with Europe's debt crisis. The news overshadowed data showing that economic activity in the euro zone's private sector contracted faster than expected this month. "The markets are realizing that this is a political process," said Wayne Lin, portfolio manager for Legg Mason Global Asset Allocation. "[Investors] realize that this is going to be a long, drawn-out process with fits and starts of market volatility." Asian markets rose broadly following data showing China's manufacturing sector expanded in October for the first time since March. Hong Kong's Hang Seng index surged 4.1%. The U.S. dollar lost ground versus the euro and the yen. In corporate news, Kimberly-Clark lost 5%. The company cut its sales outlook as the maker of Huggies diapers continues to be hampered by weak demand for baby products in developed markets. WebMD Health jumped 11%. Billionaire investor Carl Icahn on Friday disclosed a 7.9% stake in the online medical information site. Netflix, which reports results after the closing bell, lost 1%. -By Brendan Conway, Dow Jones Newswires; (212) 416-2670; brendan.conway@dowjones.com

Stock News for Rightnow Technologies (RNOW)
DateTimeHeadline
10/24/201113:58:46US Stocks Jump After Deal Announcements, Commodities Rise
05/18/201016:58:12TECH STOCKS: Broad Losses Hit Tech Stocks In Down Session
05/18/201015:30:10TECH STOCKS: Losses Continue To Be Tacked On In Afternoon
05/18/201013:54:05TECH STOCKS: With H-P Earnings On Tap, Tech Stocks Turn South
05/18/201011:53:18TECH STOCKS: Tech Stocks Stumble Ahead Of H-P's Earnings Report
05/18/201010:51:14TECH STOCKS: Tech Stocks Post Gains With H-P Earnings On Tap
02/08/201016:53:16TECH STOCKS: Tech Stocks Lose Luster At The Market Close
02/08/201014:47:50TECH STOCKS: Amazon, EA Highlight Tech Action
02/08/201011:31:31TECH STOCKS: Amazon Shares Gain, Pacing Tech Stocks

Rightnow Technologies and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad