With holiday consumer sentiment strong the Monday before Christmas, we could be on the verge of an end-of-2009 breakout in penny stocks. What better time then to look at four stocks getting set to move big time in the coming week. Here's a look at this week's Watchlist…
Citigroup (C.N) said it was not seeking buyers for EMI LNDONE.UL, the British music group whose owners, Terra Firma TERA.UL, are suing the U.S. bank for billions of dollars in damages relating to its 2007 buyout.
Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi asserted their innocence on Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest hedge fund insider trading case ever.
The London Stock Exchange bought a majority stake in platform rival Turquoise, giving its owners a well-timed exit, aligning its interests with those of big clients and granting it immediate access to pan-European share trading.
Wall Street was set to open higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors and after brokerages upgrades on Alcoa and Intel.
Stock index futures rose on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
Stock index futures were higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
London Stock Exchange has agreed a deal to take a 60 percent stake in loss-making trading platform rival Turquoise and will merge it with its own dark pool platform, Baikal, to create a new pan-Europe venture.
Stock index futures pointed to a slightly higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.13 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.07 percent at 0845 GMT (3:45 a.m. EST).
Asian share markets rose broadly on Monday, with high-tech stocks following gains in U.S. rivals late last week, and the dollar held its ground near three-month highs against the euro and kept on a firmer footing against the yen.
Prospects for the four big U.S. banks are brightening, with earnings set to rise markedly in the coming years, the financial weekly Barron's writes in its latest issue.
Santa came early for Wall Street this year by giving the S&P 500 a 22 percent gain for 2009, and with just eight trading days left in the year, stock investors are not expecting to find much more under the tree.
Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors are not expecting to find much more under the tree.
Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors aren't expecting to find much more under the tree.
Former Bank of America Corp (BAC.N) Vice Chairman Gene Taylor is putting together a fund to invest in U.S. banks after a bid to inject capital into a small Florida bank fell apart, sources familiar with the matter said.
Morgan Stanley Chief Executive John Mack is forgoing a year-end bonus for the third straight year, he said in a memo obtained by Reuters, putting pressure on other Wall Street CEOs to follow suit.
U.S. mobile phone maker Motorola Inc's (MOT.N) set-top box unit has generated a lot of private equity interest, with a number of major buyout firms putting in initial bids this week, several sources familiar with the matter said.
The U.S. brokerage watchdog is probing how Wall Street firms, including JP Morgan Chase and Citigroup Inc , offer stock research, two people familiar with the probe said on Friday.
Crude oil rose and the U.S. dollar gained in a safe-haven bid on Friday after Iranian soldiers crossed into Iraqi territory and took up positions in a disputed southern oilfield.
Buyouts are finally returning for the deal-hungry private equity industry, which is looking at 2010 to deploy huge cash reserves into deals that buyers hope could get back up to double-digit billions.
At least seven private equity firms have submitted bids for Pets at Home, increasing the likelihood of a sale of the UK retailer rather than an initial public offering (IPO), sources familiar with the matter said.
Blackstone is planning to sell a stake in travel services provider Travelport sized at $2 billion equivalent, a source close to the deal said, part of an emerging trend of private equity sales.
