Barclays Stories
Gold to Exceed $2,000/Ounce Next Year - Barclays Capital
Barclays Capital is forecasting the price of gold to exceed $2,000 per ounce next year as sovereign debt risks intensify, broad investment demand accelerates and central bank buying of the yellow increases.
"Boutique" Banks Triumph in Google's Motorola Deal
Former employees of elite Wall Street firms are triumphing over their previous investment banks in Google Inc's blockbuster $12.5 billion deal to buy Motorola Mobility Holdings Inc.
Lowe's Cuts Outlook Again as Homeowners Cautious
Lowe's Cos Inc (LOW.N) reported weaker-than-expected quarterly sales and cut its fiscal-year outlook for the second time in three months as homeowners put off big renovations in an anemic U.S. economy.
Asian Stocks Rise, Gold and Swiss Franc Decline
Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
Stocks Bounce on U.S. Cues; Sentiment Wary
Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
Huge Lay-Offs Plague Western Banks ? Are Middle East Banks Next?
Although they?ve largely avoided enormous layoffs, there?s no reason for Middle Eastern banks to rest on their laurels, says The Islamic Globe.
Gold Price Retreat is Just a Pause - Barclays Capital
The retreat Friday in the price of gold marks a pause, nothing more, in the precious metal's ascent, according to a Barclays Capital report.
Disney magic fades, economy fears wallop shares
Shares of Walt Disney Co (DIS.N) were hammered on Wednesday as Wall Street worried how the company's steady-growth media and resort businesses would fare if consumers get pinched in a weak economy.
Citi, BofA, Goldman lead financial stock swoon
The shares of Bank of America Corp (BAC.N), Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) skidded on Wednesday, renewing evidence that when the market sneezes financial stocks get pneumonia.
Capital One Bulks Up U.S. Cards With $33 Billion HSBC Buy
HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe's top bank streamlines its mammoth operations.
U.S., OPEC cut world oil demand growth on economy
Global oil demand will grow less than previously projected this year, according to forecasts on Tuesday from the U.S. and OPEC, as a worsening economic outlook will curb consumption in developed countries.
Fund managers see tough times for Treasuries
The fact that U.S. Treasury bonds managed to cling to their coveted triple-A rating this week failed to impress several prominent bond fund managers, who say they are lightening up on Treasuries and stocking their portfolios with corporate bonds instead.
Will Canada Intervene To Stem CAD Strength?
Following Japanese and Swiss authorities? intervention in the currency markets to weaken the sharp appreciation in their domestic currencies, now the market focus turns to Canada, where the Bank of Canada (BoC) expressed concerns over the persistent strength of Canadian dollar (CAD).
Can RIM Ever Recover?
Shares of Research in Motion are at a yearly low. But they could recover with new Blackberry products. Or attract a bidder.
Greek and Irish blows knock RBS to $1.1 billion loss
Royal Bank of Scotland slid to a pretax loss of 678 million pounds ($1.1 billion) in the second quarter, bruised by writedowns on Greek government bonds and Irish customers struggling to repay loans.
Instant view: U.S. July payrolls rise may soothe recession fears
U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.
World Market Overview 05/08/2011
The U.S. stock market had a mini-meltdown on Thursday ahead of Friday's all-important Bureau of Labor Statistics (BLS) jobs report as fears about the global economy slipping into another recession weighed on the sentiment.
Analysis: Some ask "what oil glut" as Midwest stocks dip
The latest U.S. oil inventory data contradicts a widely held notion among oil traders that a huge glut of Canadian and U.S. shale crude oil is accumulating in the middle of the United States and causing the record gap in global oil benchmark prices.
Oil dives on risk retreat, year's gains erased
Oil tumbled as much as 6 percent on Thursday, with U.S. crude crashing through technical support to its lowest since February as mounting fears of a stalled economy set off a global race from riskier assets.
Buyers ditch usual optimism after Wall Street mauled
After the terrible rout in markets on Thursday investors spoke of holding fast and even poking around for buying opportunities, but that's hard when the market is likely facing another weak U.S. jobs report on Friday.
Blackstone to take Emdeon private for $3 billion
Healthcare IT provider Emdeon Inc said it agreed to be taken private for $3 billion by private equity firm Blackstone.
Apple Aggressive in Defending Own IP: Analyst
Apple Inc. is being aggressive defending its own IP with well publicized suits against Samsung and HTC, Barclays Capital said. Key companies in the wireless arena including Apple and Google continue to acquire and invest in IP to cement their positions.
RIM Launches Five New BlackBerry 7 Phones
BlackBerry maker Research In Motion introduced five new handsets that run on its new BlackBerry 7 mobile OS, in a bid to regain ground against rivals like Apple.
Oil Traders Ask "What Glut?" as Midwest Stocks Shrink
The latest U.S. oil inventory data contradict a widely held notion among oil traders that a huge glut of Canadian and U.S. shale crude oil is accumulating in the middle of the United States and causing the record gap in global oil benchmark prices.
Samsung Eyeing InterDigital Bid for Patents to Hammer Apple: Report
Samsung may be eyeing InterDigital bid to challenge AppleSamsung Electronics, the No. 2 mobile phone maker, could be eyeing a bid for InterDigital?s 8,800 patents, Bloomberg reported. Rivals including Apple and Google had previously been reported as prospective bidders.Bloomberg said the South Korean electronics giant had been approached by investment bankers for InterDigital, which hired Evercore Partners and Barclays Capital last month to explore a sale. The King of Prussia, Pennsylvania...
iCloud is Major Differentiating Factor for Apple
Barclays Capital believes iCloud is a major differentiating factor for Apple Inc. -- facilitating convenience, ease of use and compatibility across its entire ecosystem. Apple's iCloud is nearing its official launch, which is still expected to be available with iOS 5 this fall, as iCloud.com went live this week.
It's Recession 2012! Early Signs of Economic Slump Emerge
With more than 14 million people out of work, consumer spending falling by the day, the GDP growth outlook remaining grim and rising inflation denting confidence of ordinary people, a massive spending cut of more than $2 trillion would be the proverbial last straw on the camel's back.
Moody's outlook means downgrade possible in 12-18 mths
Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the U.S. deficit.
Barclays to cut 3,000 jobs as profit drops
Barclays is set to cut about 3,000 jobs this year to reduce costs after a drop in bond trading and an insurance mis-selling charge cut first half profits by a third.
Barclays to Cut At Least 1,400 Jobs As Profits Plunge By One-Third
he British-based bank may slash at least 1,400 more jobs in 2011, after already having eliminated another 1,400 positions this year