U.S. Stock Futures Gain After Fed, Citigroup Weigh Loss Limits
By Eric Martin
Nov. 24 (Bloomberg) — U.S. stock futures rose on speculation the government will help Citigroup Inc. weather mortgage losses and after Democratic lawmakers pledged to agree on an economic stimulus package by January.
December futures on the Standard & Poor’s 500 Index climbed 9.1 points, [...]
LONDON (Reuters) - Influential investor Bill Gross called on Tuesday for the Federal Reserve to cut interest rates to 1 percent from the current 2 percent because of sharp falls in asset prices globally.
“We are experiencing asset deflation and the threat of headline inflation is long past,” he said in a note.
Gross is chief investment [...]
2nd UPDATE:China Life Seeks To Raise Stk Invest;Eyes Grp IPO
Last Update: 9/9/2008 5:11:12 AM
(Adds China Life executive’s comments on overseas acquisitions, closing level for
benchmark index.)
DUNHUANG, China (Dow Jones)–China Life Insurance Co. (LFC), the largest investor
in China’s stock market, said Tuesday it will seek to raise its investment in
equities, after the country’s bourses fell by more [...]
CORRECT: China Life Cuts Visa Stake By Half From 6 Mln In Mar
Last Update: 8/26/2008 7:23:27 AM
(Adds first-half net profit and investment gains, executive’s comments on
overseas investment.)
HONG KONG (Dow Jones)–China Life Insurance Co. (LFC), China’s largest life
insurer by premiums, said Tuesday it is looking into overseas investment
opportunities after cutting its stake in credit-card firm Visa [...]
Protected stocks rise, helping market — for now
By Nick Godt, MarketWatch
Last Update: 7/21/2008 2:41:00 PM
NEW YORK (MarketWatch) — While most of the shares of the 19 financial
institutions protected from illegal short sales by the Securities and Exchange
Commission continued last week’s advance Monday, concerns about the rest of the
financial sector are still weighing on the market.
“Nineteen [...]
DOW JONES NEWSWIRES
Legg Mason Inc.’s (LM) Capital Management unit - which owns 4.4% of Yahoo Inc.’s
(YHOO) outstanding shares - plans to vote in favor of Yahoo’s proposed slate of
directors at the annual meeting in August, defying Carl Icahn’s efforts to
replace the board with his own slate after Yahoo rejected a takeover by [...]
Brazilian shares leap after S&P lifts country’s rating
By Carla Mozee, MarketWatch
Last Update: 8:33 PM ET Apr 30, 2008
SAN FRANCISCO (MarketWatch) — U.S.-listed shares of overseas companies rose
Wednesday, bolstered by a jump in shares of Brazilian companies after Brazil’s
rating was raised to investment grade by Standard & Poor’s.
The Bank of New York Mellon American Depositary Receipt [...]
Stocks face more earnings with newfound optimism
Friday rally leads market to top its February highs; Apple, BofA results on tap
By Nick Godt, MarketWatch
Last Update: 7:18 AM ET Apr 19, 2008
NEW YORK (MarketWatch) — U.S. stocks will enter the coming week with newfound
optimism, after a spate of quarterly results from ailing financial firms failed
to spook jaded [...]
NEW YORK (MarketWatch) — U.S. stock indexes on Thursday pulled solidly higher
after two days of losses, with the forecast from discount retailer Wal-Mart
Stores Inc. and a broker upgrade for Intel Corp. helping overshadow March’s
disappointing retail sales.
“Wal-Mart issued upside guidance for its first fiscal quarter, an upgrade at
Intel by Bank of America to buy from neutral [...]
Stumble It!