RSS Feed
Twitter
A brutal week on Wall Street left all three major stock gauges in negative territory for the year and the Nasdaq in full-on ‘correction’ mode.
Archive for the ‘Stock Market’ Category
Greece backs austerity plan but euro, US stocks fall
Posted by Joel Backman on May 7th, 2010
Reuters TOPWRAP 8-Greece backs austerity plan but euro, US stocks fall Reuters ATHENS/NEW YORK, May 6 (Reuters) – The Greek parliament backed an austerity plan on Thursday despite violent unrest, as European Central Bank inaction on the nation's debt crisis helped to trigger major falls in …
Posted in Forex, General, Stock Market 
Tags: business, contagion-fear, euro, european, Forex, Greece, investors-flee, nation, result, stock, U.S., york 
No Comments »European Stocks Down; Sovereign Debt Worries Weigh
Posted by Joel Backman on May 5th, 2010
Telegraph.co.uk GLOBAL MARKETS: European Stocks Down; Sovereign Debt Worries Weigh Wall Street Journal By Andrea Tryphonides & Michele Maatouk Of DOW JONES NEWSWIRES LONDON (Dow Jones)–European stocks pushed lower again Wednesday and the euro posted a fresh one-year low, unable to capitalize on a small recovery earlier in the session as sovereign debt …
Pearson Agrees To Sell Interactive Data Stake For Around $2B
Posted by Joel Backman on May 4th, 2010
Stockopedia Pearson Agrees To Sell Interactive Data Stake For Around $2B Wall Street Journal LONDON (Dow Jones)–Pearson PLC (PSON.LN) said Tuesday it has agreed to sell its 61% controlling stake in Interactive Data Corp. (IDC) for $33.86 a share, netting the UK-based publisher around $2 billion before tax. …
European Stocks Post Weekly Decline on Debt Concern; Banks Drop
Posted by Joel Backman on May 1st, 2010
The Guardian European Stocks Post Weekly Decline on Debt Concern; Banks Drop BusinessWeek May 1 (Bloomberg) — European stocks posted the biggest weekly drop since February on concern that Greece's debt crisis will spread across the region. Credit Agricole SA paced declines in bank shares. Rio Tinto Group led mining shares ..
Posted in Markets, Stock Market Tags: credit-agricole, european, package, stocks, tinto-group No Comments »ICBC, CCB, BoCom shares up after bumper Q1
Posted by Joel Backman on April 30th, 2010
Financial Post ICBC, CCB, BoCom shares up after bumper Q1 Reuters HONG KONG, April 30 (Reuters) – Shares in major Chinese banks rallied on Friday off the back of record quarterly earnings with a flurry of fund raising plans already factored into valuations. China Construction Bank (CCB) (0939
Posted in China, Markets, Stock Market Tags: bocom, ccb, chinese, fundraising, icbc, q1, result, shares, stock No Comments »HP to buy struggling Palm for $1.2 billion
Posted by Joel Backman on April 29th, 2010
New York Times (blog) HP to buy struggling Palm for $1.2 billion BusinessWeek The announcement, which came just after the US stock market closed on Wednesday, follows rumors this week of a number of suitors, including Lenovo and HTC, vying to buy the iconic brand. Palm last year released a new operating system, ..
Burger King profit, sales drop
Posted by Joel Backman on April 29th, 2010
Burger King profit, sales drop Reuters NEW YORK (Reuters) – Burger King Holdings Inc(BKC.N) reported on Thursday a smaller quarterly profit after severe winter weather weakened sales. The hamburger chain, also known as the home of the Whopper, had net income of $41 million, … Burger King posts smaller quarterly profit MarketWatch Burger King Holdings, Inc.
Euro climbs for second day on Greek rescue optimism
Posted by Joel Backman on April 29th, 2010
Globe and Mail FOREX-Euro climbs for second day on Greek rescue optimism Reuters NEW YORK, April 29 (Reuters) – The euro rose for a second straight day on Thursday, rebounding from a one-year low in the prior session, bolstered by hopes a bailout plan for Greece will be larger than previously thought and allow it to avoid a debt … Greek aid hopes boost European shares; BP slips Reuters German FinMin sees no alternative to Greece aid Reuters Euro Advances From Near One-Year Low on Outlook for Greece Aid BusinessWeek Wall Street Journal
