Barclays Stories
JP Morgan Gets Seat on Shanghai Gold Exchange
The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its Web stie (www.sge.com.cn).
Top After Market NYSE Movers (MSO, NBR, CP, DDD, CRI, FSL, BORN, MR, SWFT, JLL)
The top after market NYSE gainers on Friday were: Martha Stewart Living Omnimedia, Nabors Industries, Canadian Pacific Railway, 3D Systems and Carter's, Inc. The top after market NYSE Losers were: Freescale Semiconductor, China New Borun, Mindray Medical International, Swift Transportation and Jones Lang LaSalle.
Barclays profit up, investment bank pain continues
Barclays Plc's underlying quarterly profit rose 5 percent from a year ago as lower charges for bad debt at the British bank offset a third consecutive sharp fall in investment banking revenue.
Barclays profit up as bad debt costs fall
Barclays reported a 5 percent rise in underlying quarterly profit as lower charges for bad debt at the British bank offset a third consecutive sharp fall in investment banking revenues as the euro zone financial crisis deepened.
MF Global Seeks Sale, All Options on Table: Source
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
MF Global Aims to Arrange Sale Over This Weekend: Source
MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.
GDP Growth: A Closer Look at How the U.S. Economy Did in Q3
A look past the upbeat headlines from this week's third-quarter gross domestic product report points to a more tentative diagnosis of the U.S. economy than initial responses indicated.
European Shares Stay Upbeat on EU Deal Euphoria
European shares extended the previous session's rally Friday, with investors still buoyant over a deal struck by euro zone leaders early Thursday to help end the bloc's two-year-old debt crisis.
Amazon's Bezos Stares Down Wall Street Again
Amazon.com Inc Chief Executive Jeff Bezos is thumbing his nose at Wall Street again and some investors don't like it.
Lehman nearer bankruptcy exit, creditors sign on
Lehman Brothers Holdings Inc is moving closer to emerging from its record bankruptcy, and that its Chapter 11 reorganization is now backed by creditors who hold more than $160 billion of claims.
French Automaker Peugeot Warns of 6,000 Job Cuts
The company blamed the revenue drop-off to a sharp contraction in European demand.
Canon Results Indicate Weak Printer Orders from HP
Canon Inc. (NYSE: CAJ) reported a 14.2 percent increase in third quarter earnings, due to ongoing cost cutting measures. Because of historically strong yen and lower production activities, the company lowered its full year 2011 outlook.
The weather headache for PGA Tour organizers
Hurricanes, earthquakes, lightning, slow play, burrowing moles -- Mark Russell has had to contend with a wide range of obstacles in his role as a tournament director for the PGA Tour.
Kenyan shilling slips vs dollar, stocks edge up
The Kenyan shilling slipped against the dollar on Tuesday, weighed on by offshore banks closing out dollar positions after the central bank issued new trading rules, while stock rose slightly on the back of banks' nine-months earnings.
Strong Field for Singapore Open Despite Australia Clash
Former world number one Ernie Els will be joined by a host of other major winners in next month's Singapore Open which has secured a strong field despite clashing with an Australian event headlined by Tiger Woods.
Is Israel's romance with Nasdaq over?
Israeli technology companies, once the darlings of New York's Nasdaq, have turned their backs on the exchange and are looking for suitors to acquire them.
Is Apple Finally Ready for a TV?
The long-awaited biography, Steve Jobs by Walter Isaacson, was made available Monday. Isaacson briefly mentions that Jobs wanted to create a television with a simple user interface, rescuing consumers from multiple confusing remotes.
Ghana cedi extends gains as miners sell dollars
The Ghana cedi continues to extend gains made late last week and could pursue the upward trend if the central bank and mining sector keep supplying the market with dollars, traders said.
Will Smith or Jay-Z: Is Stake in Sixers or Nets More Worth It?
Rapper and entrepreneur Shawn Carter a.k.a. Jay-Z has invested in part of the New Jersey Nets, and now, actor Will Smith has become part owner of his hometown team: the Philadelphia 76ers.
Post-Market NASDAQ Movers (HGSI, TNGO, CPTS, RAIL, GTXI, TSON, CROX, GPOR, GMCR, SQNM)
The top after-market NASDAQ Stock Market gainers are: Human Genome Sciences, Tangoe, Conceptus, FreightCar America and GTx. The top after-market NASDAQ Stock Market losers are: TranS1, Crocs, Gulfport Energy Corp, Green Mountain Coffee Roasters and Sequenom, Inc.
Kenya shilling extends gains vs dollar, stocks inch up
The Kenyan shilling reversed earlier losses to close firmer against the dollar on Monday for the fourth straight session, helped by new limits on the amount of foreign exchange banks can hold, while stocks edged up on bets the recent sell-off was overdone.
Kinder to Buy El Paso to Create Largest Gas Pipeline Company in U.S.
Kinder Morgan Inc. announced on Sunday plans to buy El Paso Corp. for $21.1 billion in cash and stocks to create the largest natural gas pipeline energy company in the U.S.
Kinder Morgan to Buy El Paso with Debt for $38 Billion
Kinder Morgan Inc. announced on Sunday it is set to buy El Paso Corp. for $38 billion, along with cash, stock and debt to create a powerful North American energy company.
U.S. Stock Futures Signal Higher Wall Street Open
Stock index futures pointed to a higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6-0.7 percent.
Gold Steady on Indian, Chinese Buying; Markets Eye Eurozone Bank Rescue Efforts
Gold prices held steady on Thursday, as optimism for a solution to the Eurozone crisis underpinned sentiment, while tight physical supply in Asia continued to lend support.
Lehman loses first broker bonus case
Lehman Brothers Holdings Inc suffered its first loss in the firm's effort to win back portions of upfront bonuses paid to former brokers, according to regulatory documents released on Wednesday.
Pace of iPhone 4S Roll-Out Fastest in iPhone History: Analyst
Barclays Capital said the pace of iPhone 4S roll-out is fastest in the iPhone's history and points to a big December quarter push for Apple Inc.
N.Y. Official Fears Loss of 10,000 Finance Jobs: Report
New York City's securities industry could lose nearly 10,000 jobs by the end of 2012, according to a report by New York state's comptroller Thomas DiNapoli.
Gold, Silver, Platinum and Palladium May Handle a Downturn Better than Other Investments: Analysis
Gold, silver, platinum and palladium, as well as other commodities, generally stand a better chance of handling a global economic downturn than other types of investments, Barclays Capital said Monday.
Gold Price to Rise to a Fourth Quarter Average of $1,875 - Barclays Capital
The price of gold in the fourth quarter will rise to an average of $1,875 per ounce, a nearly 15 percent increase from gold's closing price Friday, Barclays Capital said.