AIG to launch IPO for Asia crown jewel
AIG said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible.
Nikkei tumbles as exporters fall
Japan's Nikkei stock average lost 2.9 percent on Monday, briefly touching its lowest point since May 1, as Sony Corp and other exporters fell in the wake of an advancing yen.
Wall Street may brake for housing, Home Depot
Stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street's ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.
Medtronic's cheap shares may leap: report
Medtronic is armed with cash, ambition, a desire to acquire and a commitment to buy back stock and pay dividends, moves that could drive the medical device maker's shares up 25 percent to 30 percent in the next 12 months, Barron's reported on Sunday.
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Intriguing
Hmmmmmm... how interesting. I've just been contacted by a firm who says the UK Telegraph story yesterday misquoted Mark Patterson and that the newspaper pulled down its piece. Considering it was the #1 viewed story on the Telegraph yesterday that is quite interesting. The story has now disappeared into the Error 404 ether on the Telegraph website. I won't speculate on the role of the Invisible Hand reaching out to certain parties ... but a grassy knoll type of person could connect so...
Wall St. sags on oil; S&P ends worst week in 2 months
U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.
Wall Street tumbles as energy, bank sectors take a toll
U.S. stocks fell on Friday as energy shares dropped on worries about weak oil demand, and banks slipped as investors took recent profits in the sector.
Consumer data, Alcoa lift Wall Street
Stocks rose on Friday as unchanged consumer prices, a slower pace in the decline in industrial output and stronger-than-expected data on consumer sentiment reinforced hopes the recession is easing.
Stock futures lower as weak European GDP offsets U.S. data
U.S. stock index futures pointed to a lower open on Friday as better-than-expected manufacturing data in the United States was offset by weak European gross domestic product reading, clouding the economic outlook.
Temasek offloads BofA stake; eyes emerging markets
Singapore's Temasek sold its 3 percent stake in Bank of America in the first quarter of this year, taking a loss of around $3 billion in the process, as the state investor refocuses on emerging markets.
CT Attorney General: It's Time To Shatter The Old Boys Club Of Rating Agencies
For the few sane people who have been watching and recoiling with horror as Bernanke, Geithner and Bair implement their insidious rich get richer PPIP/TALF plan by relying exclusively on the AAA ratings of the very same rating agencies that were the primary cause of the current economic catastrophe
Stock futures point lower after eurozone GDP, UBS downgrade
Stock index futures pointed to a lower open on Friday after weak European economic data fanned concerns about the depth of the global recession and UBS cut its rating on global equities.
J.C. Penney first-quarter profit lower
J.C. Penney Co Inc posted a lower quarterly profit on Friday as efforts to contain costs and trim inventory failed to overcome a decline in sales, and its shares fell 5 percent before markets opened.
Abercrombie loss below view; Ruehl under review
Abercrombie & Fitch Co posted a much bigger-than-expected quarterly net loss as cost-cutting efforts failed to offset a sales decline, and its shares fell 7.5 percent in premarket trading.
Stock futures off ahead of consumer data, insurers bailout
Stock index futures pointed to a lower open on Friday ahead of consumer price data, while some financial shares rose on news that four insurers can tap government bailout money.
Stocks jump on tech and banks
Stocks rose on Thursday as a recent pullback fueled buying of technology and financial shares on bets that equities may extend the run-up from early March.
Wall Street higher as tech, defensive sectors boost
Stocks rose on Thursday, underpinned by a rebound in technology shares, while renewed concerns about the economy boosted defensive stocks.
Stock futures point to lower open after data, Wal-Mart
Stock index futures pointed to a lower open on Thursday after the number of workers receiving jobless benefits hit another record and consumer bellwether Wal-Mart reported flat quarterly profits.
Stock futures flat to lower on Wal-Mart results, data
Stock index futures pointed to a flat to lower open on Thursday after consumer bellwether Wal-Mart reported flat quarterly profits and as investors awaited producer price and jobless data for insight into the state of the economy.
The Death Of An Icon - GM
If one follows the price of GM stock, one may be confused by just what the perspectives for GM ar
Wall Street falls after weak retail data
Stocks tumbled on Wednesday as worse-than-expected retail sales hurt shares in the sector, including Wal-Mart Stores Inc, and dampened recent enthusiasm over the economic outlook.
Tax Credit as Mortgage Down Payment Now Official Federal Government Policy
I've become numb a long time ago ... but seeing these programs and solutions one after the other is simply.... I don't have words.
Dr Pepper Snapple profit beats Wall Street view
Dr Pepper Snapple Group Inc reported a higher-than-expected quarterly profit on Wednesday as consumers drank up its value-priced soft drinks.
Stock futures mixed as investors brace for retail sales data
Stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures flat and Nasdaq 100 futures down 0.1 percent at 4:40 a.m. EDT.
On Rock Bottom Housing Prices
For all who claim that rampant inflation is up next, and home price deflation is over, I present the following charts for readers to ruminate on just how much higher existing home sales inventories are relative to some semblance of a trendline, in addition to a long-term chart comparing CPI with the median home price.
First Tax-Month Budget Deficit Since 1983
The U.S. reported the first April budget deficit in over 25 years, specifically $21 billion on a significant drop in individual and corporate tax receipts.
Pfizer and Coke lift Dow, but Nasdaq off
The Dow rose on Tuesday as investors scooped up defensive shares, including Pfizer , while energy companies' stocks climbed as oil hit a six-month high.
GM stock drops, Nissan posts losses amid downturn
General Motors Corp shares hit there lowest level since the Great Depression on Tuesday and Nissan Motor Co posted a loss and expected more amid the deep global auto downturn.
Bookkeeping: Restarting Position in Riverbed Technology (RVBD)
I am restarting a (small) position in Riverbed Technology ( RVBD ) - it's not cheap, and I am chasing to some degree but not at recent highs (just under $19).
Profit taking and more stock offers hurt S&P
The S&P 500 and Nasdaq fell on Tuesday on profit taking in financials and technology, while a drop in U.S. exports and fresh stock sales by various companies damped investor enthusiasm.
Wall Street slides on profit taking
Stocks fell on Tuesday as investors took profits in the technology and banking sectors while a drop in U.S. exports in March and multiple stock offerings from various companies dampened enthusiasm.
Market drops as financials drag; S&P below 900
U.S. stocks extended losses on Tuesday as financial shares slid sharply for a second straight day and investors worried that there are too few catalysts on the horizon to sustain the recent rally.
Even Moody's Thinks Fed's Adverse Case Is A Joke
When even Moody's chimes in and notes that the Fed's Adverse Case assumptions are in line with their Base Case assumptions,
Banks and techs lead Wall Street lower
Stocks fell on Tuesday as investors worried there were too few catalysts to sustain the recent rally near term, sending financial and technology shares lower.
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