European Banks, UK Home Builders Fall
Jul 04, 5:20 PM EDT |
|
| European banks and UK home builders closed sharply lower on the worries that additional capital may be difficult to raise. |
|
| European stocks closed lower after crude oil traded at another record high and prospect more capital raising from European banks. Benchmark indexes in UK, France, Germany and Switzerland fell. Swedbank dropped 6% and Banco Santander lost 4%. Banks may need as much as $90 billion to meet their required capital reserves. UK stocks fell after a private equity fund decided not to proceed with investment in home builder Bradfod & Bingley. |
|
|
Full Story... |
U.S. Techs Struggle, Crude Oil at $145
Jul 03, 7:51 PM EDT |
|
| U.S. Stocks struggled, European markets closed higher and Latin Amercan markets closed lower led by a sharp decline in Peu and Brazil. |
|
| U.S. stocks edged higher but tech stocks remain weak as they have been in the past one month of trading. Crude oil traded at record level as specluators, weak dollar and steady demand drive oil prices. Tech stocks fell, led by weak semiconductor stocks after Nvidia cut its revenue and gross margin guidance. ECB in Europe, raised its key rate by 0.25% to 4.25%. Vodafone agreed to acquire 70% stake in Ghana Telecom to tap into one of the fastest growing wireless markets. |
|
|
Full Story... |
Penn National Deal Falls, Yahoo Talks
Jul 03, 2:20 PM EDT |
|
| Talks to convince Yahoo to break the company and sell different businesses to Microsoft, AOL and News Corp appear to be back on track. |
|
| Tech stocks fell for the second day on the weak chip makers and tech services companies. Nvidia plunged 30% after it issued lower revenue and gross margin guidance. The chipmaker will also take a charge of $150 millino in the second quarter. Citigroup, Cowen and Goldman Sachs lowered pricce traget and investment rating on the stock. European markets closed higher on the hopes that latest interest rate increase may not be followed by another rate hike in the near future. |
|
|
Full Story... |
June Job Loss, ECB Raise Rates
Jul 03, 12:16 PM EDT |
|
| U.S. lost 62,000 jobs in June and unemployment rate in the month was 5.5%. European Central Bank lifted its key rate. |
|
| U.S. payrolls declined in June 62,000 totaling to job losses of 438,000 for te first six months of the year. Economy has been losing jobs as construction, banking and retail industries have been laying off people. Separately the European Central Bank raised its key rate by 25 basis points to 4.25%. |
|
|
Full Story... |
Dow, Nasdaq Down 20%
Jul 02, 7:16 PM EDT |
|
| U.S. stocks fell sharply after fears of recession and rising crude oil prices turned investors cautious. Popular indexes are down 20% for the year. |
|
| U.S. stocks fell shaprly as investors feared recession, higher fuel and energy prices and weakening corporate profits. Cyclical stocks of miners, steel makers and industrial companies fell. Coal miners, Peabody and Massey Energy plunged. Transportation stocks fell on record price in crude oil and a prospect of higher energy prices in the near future. Airlines, railroads and freight companies declined. European markets closed lower. Brazil, Canda and Argentina closed down 3% or more. |
|
|
Full Story... |
GM Down 12%, Deutsche Bank Rises 4%
Jul 02, 3:06 PM EDT |
|
| General Motors dragged market averages for the second day, but lower today after comments from Merrill Lynch. |
|
| U.S. stocks took a negative turn after the new worries resurfaced about General Motors. Merrill Lynch analyst estimated that the company may need more capital than previously estimated as it burns cash and sales decline and did not rule out the bankruptcy alternative. General Motors dropped 12% on the comments and dragged market indexes lower. In Europe, banks rallied after Deutsche Bank affirmed its guidance of profitability and UBS said that for now it has sufficient capital. |
|
|
Full Story... |
Yahoo Rebounds, European Stocks Higher
Jul 02, 9:23 AM EDT |
|
| U.S. stocks are expcted to open higher. Yahoo rebounds 5% after Microsoft, Time Warner and News Corp consider another bid to divide the company. |
|
| U.S. stocks are expected to open higher in the morning trading and European stocks are advancing. Banks and pharmaceuticals lifted the market indexes in Europe. A private survey of private employers suggested a loss of 79,000 jobs in the U.S. in June. Yahoo deal appears to be in focus again after Microsoft, Time Warner and News Corp may make a second run at the company. India soared 5% in the overnight trading. |
|
|
Full Story... |
GM Sales Lift Indexes
Jul 01, 4:59 PM EDT |
|
| U.S. stocks staged a rally after General Motor June sales fell less than estimated. GM sales fell 19% and Hummer division declined 56%. |
|
| U.S. stocks staged a turnaround in the afternoon after the release of June auto sales. Sales declined in the months on three fewer selling days compared to a year ago and consumers held back on large vehicles. The annualized sales decline represent nearly 16% drop from a year ago. Stocks staged a rally, led by a rise in General Motors after it reported a decline of 19% less than estimated. chrysler led the industry with a loss of 36% and Ford sales fell 28%. |
|
|
Full Story... |
Transportation Stocks Lead Decliners
Jul 01, 12:57 PM EDT |
|
| U.S. stocks fell sharply on another increase in crude oil prices. Airlines, package shippers and freight companies fell. |
|
| U.S. stocks declined sharply by the early afternoon as crude oil hovered near record level and talks of a military strike against Iran dampened the moood. Dow, S&P 500 and Nasdaq dropped 1%. Transportation stocks declined, led by a sharp fall in AMR Corp, UAL and Delta Airlines. UPS and FedEx declined 3% on a rise in crude oil prices. |
|
|
Full Story... |
CIT Soars 24%, Oil Surges $3, Stocks Down
Jul 01, 10:15 AM EDT |
|
| U.S. stocks trade lower as crude oil reached $3 a barrel and financials decline. Banks, brokerages and transportation decline. |
|
| U.S. stocks struggle in the morning trading after crude oil increases $3 to $143 a barrel. The talks of possible military strike on Iranian installation lifted prices of oil and gold. U.S. stock fell as talks of lower than estimated earnings for the second quarter dominate trading. CIT soars 24% after it agreed to sell its home lending unit and record a pre-tax loss of $2.5 billion. Asian markets closed lower with India losing 3.7%. |
|
|
Full Story... |
1
|
|
|
