2008-05-09 15:23:22
Opening Glance: Shares of commercial banks mostly fall
NEW YORK (AP) - Commercial bank stocks mostly fell Friday morning after
insurer American International Group Inc. said it lost nearly $8 billion in the
first quarter and crude oil prices continued to march higher on the New York
Mercantile Exchange.
2008-05-09 15:22:18
Stocks decline as AIG reveals need for cash, oil surges
NEW YORK (AP) - Wall Street fell sharply early Friday as investors contended
with wider-than-expected losses at insurer American International Group Inc. and
another worrisome spike in oil prices. The Dow Jones industrial average at times
lost more than 100 points.
2008-05-09 15:02:32
Deutsche Boerse investor Atticus reveals raised stake amid rumours of sale
LONDON (Thomson IM) - Atticus Capital, the U.S. based hedge fund, has denied
market rumours that it sold part of its Deutsche Boerse AG stake and revealed it
has instead recently built its holding above 11 percent.
2008-05-09 14:57:51
Opening Glance: Shares of household durables drop
NEW YORK (AP) - Household-durables stocks slipped Friday morning as
crude-oil prices continued their relentless march higher and investors weighed a
nearly $8 billion first-quarter loss at insurer American International Group
Inc.
2008-05-09 14:52:43
Stocks open lower as AIG reveals need for cash, oil surges
NEW YORK (AP) - Wall Street fell sharply early Friday as investors contended
with wider-than-expected losses at insurer American International Group Inc. and
another worrisome spike in oil prices.
2008-05-09 14:26:19
Stock head for lower open after AIG reveals need for cash
NEW YORK (AP) - Wall Street headed for a lower open Friday after the world's
largest insurer reported a wider-than-expected loss for the first quarter,
rekindling investors' anxiety about the strained state of the global financial
system. Oil prices also advanced further into record territory, coming close to
$126 and stirring unease about rising inflation.
2008-05-09 14:25:08
Citigroup's Bank Handlowy posts Q1 net in line with market consensus
WARSAW (Thomson Financial) - First-quarter net profit at Bank Handlowy, a
Polish unit of U.S. Citigroup, fell by almost 9 percent, weighed down by layoff
provisions, but came in bang in line with market expectations.
2008-05-09 14:04:46
U.S. finance firms move to secure funding, liquidity for future - S&P
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said that
many rated United States finance firms are taking steps in the first three
months of 2008 to secure funding and liquidity for at least the next 12 months
in the hope that by next year credit markets will have returned to some degree
of normalcy.
2008-05-09 12:42:58
AIG shares slump in premarket; analysts react to 'ugly' quarter
NEW YORK (Thomson Financial) - Shares of American International Group were
headed sharply lower in premarket trading Friday after the insurer reported a
wider-than-expected first-quarter loss and said it was raising $12.5 billion in
capital.
2008-05-09 12:27:13
OTS rescinds capital requirement at H&R Block
KANSAS CITY, Mo. (AP) - Tax preparation firm H&R Block Inc. said Friday the
Office of Thrift Supervision has rescinded a rule requiring the company to hold
a 3 percent tangible capital reserve.
2008-05-09 12:25:47
Stewart Information Services lowers 1Q results on agency defalcation
BOSTON (Thomson Financial) - Stewart Information Services Corp. Friday
reported lower operating results for the first quarter after its said its
management uncovered agency defalcation following its earnings release on April
30.
2008-05-09 11:59:51
Thomson Financial North America Daybook - Friday, May 9, 2008
SAN FRANCISCO (Thomson Financial) - Wall Street is on track to open lower
Friday as concern mounted over the impact on the economy of a seemingly
inexorable rise in oil prices, with a larger-than-expected quarterly loss at
American International Group further undermining sentiment.
2008-05-09 11:36:24
Cattles has strong start to year; confident on FY outlook
LONDON (Thomson Financial) - Consumer finance group, Cattles Plc, said it
has had a strong start to the year and views its full-year prospects with
confidence.
2008-05-09 11:21:09
Macquarie interested in acquiring E.ON's German power grid
FRANKFURT (Thomson Financial) - Macquarie Group Limited views the
high-voltage grid of German utility E.ON AG. as consistent with the business
model of its infrastructure funds and therefore is interested in acquiring it, a
spokeswoman said.
2008-05-09 11:13:20
Nan Shan Life 'AAA(twn)' rating on negative watch - Fitch
MUMBAI (Thomson Financial) - Fitch Ratings said it placed Nan Shan Life
Insurance Company, Ltd.'s 'AAA(twn)' national insurer financial strength rating
on negative watch after Fitch downgraded AIG Inc.'s issuer default rating to
'AA-'.
2008-05-09 10:53:27
Delinquency trend for Portuguese RMBS increases in Q1 of 2008 - Moody's
MUMBAI (Thomson Financial) - Moody's Investors Service said the delinquency
trend in Portuguese residential mortgage-backed securities (RMBS) in the first
quarter of 2008 was 2.16 percent, up from 1.33 percent at the beginning of last
year.
2008-05-09 10:45:15
BROKERWATCH Generali target price, earnings estimates cut at Credit Suisse
MILAN (Thomson Financial) - Credit Suisse has reduced its target price on
Assicurazioni Generali SpA to 29.91 from 31.79 euros and cut its 2008 and 2009
earnings estimates by 14 percent and 10 percent after the first-quarter results
revealed a higher than expected impact from volatile financial markets.
2008-05-09 10:32:24
India's Kotak Mahindra Bank FY net profit up 84 pct on 76 pct rise in revenue
MUMBAI (Thomson Financial) - India's Kotak Mahindra Bank Ltd. posted an 84
percent rise in full-year net profit on a 76 percent rise in total revenue and
said, as at May 8, its customers had negative marked-to-market exposures of
about 6.12 billion rupees due to forex derivatives transactions.
2008-05-09 09:48:46
BROKERWATCH Hellenic Exchanges target cut at Marfin Analysis ahead of Q1 results
ATHENS (Thomson Financial) - Broker Marfin Analysis (IBG) cut the target
price of Hellenic Exchanges SA to 16.6 euros from 21.7 euros previously on
expectations that it will announce poor first quarter results next week.
2008-05-09 09:39:17
Polaris Securities ratings affirmed, outlook stable - Taiwan Ratings
MUMBAI (Thomson Financial) - Taiwan Ratings Corp., a unit of Standard &
Poor's, said it affirmed its 'twA/twA-1' ratings on Polaris Securities Co. Ltd.
|