- 123jump.com Staff
- 25 Apr, 2009
- New York City
Fed and other regulators are testing capital adequacies at 19 banks for two alternative economic scenarios that may not be stressful enough. Banks may need additional $850 billion in capital as tangible equity ratios remain low, despite the Fed's assertion of adeuqate capital at these banks.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
The U.S. benchmark indexes plunge 8% at their lowest before recovering to 3.6% loss. Interbank and short term lending rates remain elevated. The crisis of confidence hit retailers, financials and mining stocks the hardest. European markets dive 7% and emerging markets decline between 4% and 19%.
- 123jump.com Staff
- 03 Oct, 2008
- New York City
Wells Fargo offered a significantly higher bid for Wachovia Corp and agrees to purchase its banking and other business. The all-stock deal values the bank at $15.1 billion or $7 a share, significantly higher than $2.1 billion or $1 a share offer. FDIC affirmed that the deal with Citigroup stands.
- 123jump.com Staff
- 02 Oct, 2008
- New York City
The U.S. Senate overwhelmingly approves the financial market stabilization bill with $700 billion provisions. The unpopular bill has been termed by the public as bailout bill that was rejected by the U.S. House. Presidential and vice presidential candidates voted in favor of the bill.
- 123jump.com Staff
- 02 Oct, 2008
- New York City
General Electric, one of the very few AAA rated companies was forced to raise $12 billion in public offering that closes before the market opening today. The company also struck a tough deal with Warren Buffett controlled Berkshire Hathaway for $3 billion at 10% dividend and a cheap warrant.
- 123jump.com Staff
- 01 Oct, 2008
- New York City
Xstrata after facing difficult financing conditions abandons its Lonmin takeover offer at
- 123jump.com Staff
- 26 Sep, 2008
- New York City
JP Morgan raised $10 billion and may raise additional $1.3 billion to pay for the recent purchase of the banking operations of Washington Mutual and will have the second largest branch network. The bank will write down WaMu loan portfolio by $31 billion and shut up to 10% of its branches.
- 123jump.com Staff
- 27 Dec, 2007
- New York City
Stocks in Japan declined at close on rising energy prices and slumping construction. a weakness in the housing market related to new building code was confirmed in the November data. Housing starts in November plunged 27% from a year ago and declined 35% from October. Construction equipment unit shipment rose 10.4% in November and exports increased 15% in value. Auto unit production in the month rose 3.8% and exports from Japan increased 8.1%.
- Elena
- 11 Sep, 2006
- Frankfurt
European markets finished mostly in the negative, pressured by weakness among resource stocks as crude oil and gold prices moved steeply down. Resource companies like BHP Billiton and Rio Tinto slipped over 4%. London FTSE 100 closed down 0.5%, the French CAC 40 fell 0.3%, while the German DAX reversed earlier losses to add 0.1%.
- Elena
- 11 Sep, 2006
- New York City
Losses by resource stocks and a decline by the shares of Dell kept market averages in the negative territory. Gold stocks sharply dropped, as the price of gold pulled back below $600 an ounce. Oil giant and Dow component Exxon Mobil Corp. was a notable decliner, off 2.8%. Computer maker Dell fell 1.7% after it said it would delay its Q2 earnings filing.
- Elena
- 11 Sep, 2006
- Mumbai
Market opened up but plummeted in Monday trading. An intense sell-off emerged in blue-chips, hitting metals, pharma stocks and cement. Hindalco and Tata Steel led the decliners. Indian external debt increase was much lower this fiscal year than last fiscal year. Prime Minister Mr. Singh will be visiting Brazil to pormote trade between two nations.
- Elena
- 11 Sep, 2006
- New York City
U.S. stocks started trading in the negative, as declining oil prices dragged energy shares lower and downbeat news from Dell further weighed on the sentiment. Dell Inc. fell 3.9% after announcing it will delay filing its fiscal Q2 report and suspend its share repurchase program due to accounting probes.
- Ivaylo
- 11 Sep, 2006
- London
Plunging copper prices pushed miners into negative territory while the declining oil pressed energy stocks down. Royal Ducth Shell and BG group suffered heavily from the lower oil prices. BHP Billiton led the decliners. Vodafone advanced but failed to provide some respite to the downward trend on UK markets. Prudential also edged up on a bid with Swiss Re. The FTSE 100 in London shed 0.6% at mid-day trading.
- Elena
- 11 Sep, 2006
- New York City
Stock market futures traded lower across the board Monday, dragged by retreating crude oil prices. Investors were also anxious ahead of inflation data releases due out this week, expected to shed light on the outlook for interest rates. In corporate news, Dell dropped 3.4% on news it will delay filing its Q2 report and suspend its buyback program. Freescale Semiconductor jumped 19% before market open after a consortium of investment firms came close to a deal Sunday to acquire the company.
- Elena
- 11 Sep, 2006
- New York City
The transaction price represents a 43% premium to NS Group''s share price of $46.15 Friday. Ipsco will finance the purchase with cash and debt from a committed bank-credit line. The transaction, which is expected to close in 2006, has been approved by both companies