IBT Staff Reporter

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Banks lead broad sell-off, FTSE below 5000

Britain's leading share index dropped 2.2 percent in mid-session trade on Tuesday, with negative newsflow on the UK and global financial sector denting banks and contributing to a broad-based retreat in equities.
Nov 03, 2009

Stock futures off, weighed by Europe banks, Fed meet eyed

U.S. stock index futures pointed to a 1 percent drop at the open on Tuesday as poor results from Swiss lender UBS and a shake-up in British banks weighed on investor sentiment ahead of the start of a two-day Fed meeting.
Nov 03, 2009

European stocks slump to lowest in a month

European stocks fell sharply to a new one-month low on Tuesday, with banks suffering after poor results from UBS (UBSN.VX) and a shake-up of the UK retail banking sector.
Nov 03, 2009

FTSE slips below 5,000; banks, miners weigh

Britain's FTSE 100 .FTSE fell below the 5,000 level for the first time in a month on Tuesday, while European stocks also extended losses, weighed by weakness in banks and miners.
Nov 03, 2009

Senator demands Cigna clarify premiums, claims

For-profit insurance companies use a smaller amount of premium dollars on medical claims than consumers are being told, according to a Senate analysis of data filed with insurance regulators.
Nov 03, 2009

UK banks RBS and Lloyds agree to shakeups

Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Nov 03, 2009

UK banks RBS, Lloyds agree to shakeups

Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Nov 03, 2009

China's NetEase eyes push into fertile mobile sector

NetEase.com, one of China's top online game developers, will speed its push into the mobile sector as it looks to capitalize on the country's recent launch of high-speed 3G services, a top executive said.
Nov 03, 2009

NetEase, Activision caught up in China turf war

A Chinese regulator has ordered top online game firm NetEase.com to stop operating a popular title, the result of an apparent governmental turf war highlighting the risks the sector faces.
Nov 03, 2009

Global stocks fall on stimulus worries

World stocks dipped toward the previous session's four-week lows on Tuesday as investors continued to fret over the early removal of government stimulus, particularly in the financial sector.
Nov 03, 2009

Major shake-up for Lloyds and RBS

Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Nov 03, 2009

Lloyds unveils record rights issue

Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Nov 03, 2009

Lloyds in record rights issue, UK banks agree shakeup

Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Nov 03, 2009

Asian shares ease ahead of Fed

The dollar slid on Tuesday, pushing gold prices to near record highs, while Asian stocks eased as investors awaited policy announcements from some key central banks this week for clues on the timing of eventual shifts in policy.
Nov 03, 2009

Oil steady above $78, eyes U.S. crude stocks

Oil held steady above $78 a barrel on Tuesday, after rising more than 1.5 percent a day ago, as traders weighed the impact of a possible rise in U.S. crude stocks against positive manufacturing and home sales data.
Nov 03, 2009

Oil gains, dollar falls after strong data

Crude oil rose and the dollar fell on Monday on strong worldwide factory data and a surprise jump in U.S. pending home sales, but U.S. stocks see-sawed before ending higher after a sell-off in banking shares.
Nov 03, 2009

Oil extends gains above $78, eyes U.S. crude stocks

Oil edged further above $78 a barrel on Tuesday, after rising more than 1.5 percent a day ago, as traders weighed the impact of a possible rise in U.S. crude stocks against positive manufacturing and home sales data.
Nov 02, 2009

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