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Goldman lower Alibaba's target price to 15 HK dollars

Goldman Sachs lowered Alibaba's price target from 18 Yuan to 15 Yuan, or 16 percent, and lower the company's target price earnings ratio of 2009 from 33 times to 30 times, but maintained the stocks neutral rating.
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Intel 1Q Eases Investor Concerns

Shares of Intel shot up as the company released first quarter results that reassured investors who were concerned about falling memory chip prices and the impact of a weak U.S. economy.
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AstraZeneca and Ranbaxy Settle Nexium Patent Case

AstraZeneca PLC, the second- largest drug manufacturer in the U.K., said on Tuesday it has entered into a settlement agreement with Indian generics maker Ranbaxy Laboratories Ltd to conclude a lawsuit over a patent infringement case for its Nexium drug.
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Dollar weak as Economic concerns remain

The dollar weakened against the Euro on Monday on renewed concerns about the economy.The dollar weakened against the Euro on Monday on renewed concerns abo...
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U.S. Bancorp Earnings Fall, Credit Losses Rise

U.S. Bancorp, the sixth-largest U.S. bank, said on Tuesday first-quarter profit fell about 3.5 percent, on higher provision for credit losses, but managed to beat earnings estimates by a penny.
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'I am Bullish on All the Metals'

Greg McCoach is an entrepreneur who has successfully started and run several businesses the past 22 years. For the last eight of these years he has been involved with the precious metals industry as ...
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Wachovia Loss Means Double-Whammy for Investors

Wachovia Corp. investors were hit with a double-whammy on Monday, after the fourth largest U.S. bank reported an unexpected loss for the quarter, cut their dividends, and announced a plan to sell diluted stock.
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Dollar Gains Slightly after G7 Currency Concerns

The dollar was slightly higher against the euro early Tuesday after the Group of Seven nations signaled over the weekend about their concern regarding sharp fluctuations in exchange rates which they said could hurt the global economy.
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Deutsche Bank to sell Debt below $20 Billion

Deutsche Bank is looking to sell a debt of loans of leveraged buyouts to investors and private equity firms, for much less than the $20 billion dollars previously announced, Reuters reported.
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Delta -Northwest Nears Merger

Delta Air Lines and Northwest Airlines are close to announcing a merger agreement as early as Tuesday, according to reports. The proposed deal would create the world's largest carrier, surpassing AMR Corps's American Airlines, and possibly prompt a series of other mergers that could reshape the U.S.
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Wachovia Seeks $7 Bln After Surprise Loss

Wachovia Corp., the fourth largest U.S. bank, reported a first quarter loss on Monday and said it would strengthen its balance sheet by cutting the shareholder dividend and raising $7 billion in capital.
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Blockbuster Eyes Circuit City

Blockbuster Inc., the largest movie-rental chain, made an unsolicited $1.35 billion offer to buy Circuit City Stores Inc. to acquire all of its outstanding shares for at least $6 a share in cash.

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