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Robinsons to build 30 hotels in five years Saturday, September 4, 2010 @ 5:53AMROBINSONS Land Corp., the country’s second-largest shopping mall operator, will build 30 budget hotels in five years to meet increased demand, company resident Frederick Go said Wednesday.
UnionBank sees another record profit Saturday, September 4, 2010 @ 5:52AMUnion Bank of the Philippines, the country’s sixth-largest lender, expects net income this year to top the record P4.3 billion it booked in 2009. “As last year’s income was hundred percent over that of the prior year, we will be happy to be able to replicate our 2009 income.
CelticsBlog Mailbag Answers Saturday, September 4, 2010 @ 5:29AMCelticsBlog Mailbag Answers
Dell Likely to Seek New Data-Storage Targets After 3Par Loss Saturday, September 4, 2010 @ 5:27AMDell Inc., beaten by Hewlett-Packard Co. in an 18-day bidding war for data-storage provider 3Par Inc., is likely to pursue other targets that would help it vie with market leaders including EMC Corp.
Asahi Breweries, Hitachi, NEC, Cookpad, Sumco, Tokyo Dome: Equity Preview Saturday, September 4, 2010 @ 4:40AMThe following companies may have unusual price changes in Japanese trading on Sept. 6. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
US taxpayers likely to face initial loss on GM IPO: sources Saturday, September 4, 2010 @ 4:11AMNEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Investors hit big in 3Par sale Saturday, September 4, 2010 @ 4:00AMPatience paid off for the venture capitalists who backed data-storage supplier 3Par Inc.
Petrobras sells $86b of stock Saturday, September 4, 2010 @ 3:32AMRIO DE JANEIRO - BRAZIL'S Petrobras unveiled one of the world's biggest share offerings on Friday, a sale of up to US$64 billion (S$86 billion) in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century. The transaction could be expanded to US$74 billion if there was heavy demand, the state-run company said.
Campbell soup sales down in 4th quarter; earnings rise Saturday, September 4, 2010 @ 2:42AMSoup sales for Campbell Soup Co. fell 5 percent in the fourth quarter in a tough economy, the Camden company reported Friday.
Philadelphia's Antiques Row in transition Saturday, September 4, 2010 @ 2:35AMTed Kirk draws deeply on his cigarette, rests his elbows on his splayed knees, and takes a long, sad look around. He is sitting in the once cluttered, now scavenged, showroom of his brother Jack's antiques shop in Center City. Hardly anything is left, other than a few cardboard moving boxes, a couple of dusty rugs rolled up like stogies, and some orphaned leaded glass windows.
Mark Hulbert: Don't leave the bond party -- yet Tuesday, August 31, 2010 @ 11:18PMIs it, or is it not, a bubble? That is the question -- at least for bond-market investors these days.
Swee Joo plunges 44pc on loan default Tuesday, August 31, 2010 @ 11:18PMSwee Joo Bhd, a Malaysian cargo shipping operator, had a record drop in Kuala Lumpur trading after the company and its units defaulted on loans. The stock plunged 44 per cent to 20 sen at 11:55 a.m. local time.
Todd Harrison: The Us versus Them Depression Tuesday, August 31, 2010 @ 11:15PMBig Ben chimed on the economy last week; he spoke a lot but said little we didn’t already know, writes Todd Harrison.
Four stocks to carry you through the slump Tuesday, August 31, 2010 @ 11:12PMFor those who know where to look for new opportunities, September and October can often be the start of a great new profit season.
Japanese, Australian Stock Futures Advance on U.S. Home Prices, Confidence Tuesday, August 31, 2010 @ 6:55PMJapanese and Australian stock futures rose as gains in U.S. home prices and consumer confidence eased concern the economic recovery will stall.
Bourbon, BMW, Floridienne, H&M, UniCredit, Zurich: European Equity Preview Tuesday, August 31, 2010 @ 6:48PMThe following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.
E-mail letters, Aug 31, 2010 Tuesday, August 31, 2010 @ 6:48PMWhen Rep. Charlie Rangel, D-N.Y., appeared to be in hot water over his various dealings, Colorado 3rd District Rep. John Salazar, also a Democrat, was quick to distance himself from Charlie.
Ordinary Malaysians shun stock market amid stalling recovery Tuesday, August 31, 2010 @ 6:37PMKUALA LUMPUR, Sept 1 — Individual investors continue to shun the Malaysian stock market as public confidence remains shaky due to fears that the market’s recovery following the 2007 US sub-prime mortgage crisis may not be real. Economists and analysts said that a slowdown in foreign investments, poor enforcement against unscrupulous activities and ...
HP board authorizes $10 billion share buy Tuesday, August 31, 2010 @ 3:31AMPALO ALTO — Hewlett-Packard Co. said Monday its board has authorized the repurchase of $10 billion in shares. The announcement comes as the personal computer maker is involved in a bidding contest with rival Dell Inc. for the data storage company 3Par Inc.
Oil falls below $74 a barrel as Asia, Europe markets follow US stocks down Tuesday, August 31, 2010 @ 3:29AMSINGAPORE - Oil prices fell below US$74 a barrel Tuesday in Asia, extending losses from the previous session as global stock markets slump after a disappointing U.S. consumer spending number.
Oil falls below $74 as global stock markets slump Tuesday, August 31, 2010 @ 3:27AM(AP:SINGAPORE) Oil prices fell below $74 a barrel Tuesday in Asia, extending losses from the previous session as global stock markets slump after a disappointing U.S. consumer spending number.
Dubai Shares Decline to Lowest in a Week on Global Growth Risk, Oil Drop Tuesday, August 31, 2010 @ 3:27AMDubai shares declined to the lowest level in more than a week as slower-than-estimated growth in personal incomes in the U.S. stoked concern the pace of the global economic recovery is faltering. Crude oil dropped. Emaar Properties PJSC, builder of the world’s tallest skyscraper in Dubai, retreated 1.2 percent. Dubai Islamic Bank PJSC, the United Arab Emirates’ largest Shariah-compliant bank ...
HSBC sells US auto finance units to Santander Tuesday, August 31, 2010 @ 3:17AMBritish bank HSBC Holdings PLC said Tuesday it has sold its last U.S. auto finance businesses to Spain's Santander for about $3.56 billion in cash, completing its exit from a market that cost it billions during the financial crisis.
RP stocks up on corporate window dressing Tuesday, August 31, 2010 @ 3:14AMLocal stocks were modestly up on Tuesday partly due to the month-end corporate window-dressing as trading resumed after a long weekend holiday.
India's economy grew 8.8 percent in June quarter Tuesday, August 31, 2010 @ 3:14AM(AP:MUMBAI, India) India's economy grew 8.8 percent in the June quarter, its fastest pace in over two years, as good farm and manufacturing output lifted growth back to its pre-crisis trajectory.
HSBC Sells U.S. Auto Finance Unit To Santander Tuesday, August 31, 2010 @ 3:10AMHSBC sells US auto finance units to Santander
Senior Nestle Executive Leaves Food Giant Tuesday, August 31, 2010 @ 3:09AMSenior Nestle Executive Leaves Food Giant
European Markets Drop Sharply In Early Trading Tuesday, August 31, 2010 @ 3:09AMEuropean Markets Drop Sharply In Early Trading
SET index opens up 1.32% Sunday, August 29, 2010 @ 10:10PMThe Stock Exchange of Thailand (SET) composite index opened up 11.91 points, or 1.32 per cent on Friday's close, to stand at 912.28 points at the start of trading on Monday morning. The trade value was 3.14 billion baht.
Asian shares rise; Central bank hopes power Nikkei Sunday, August 29, 2010 @ 10:07PMAsian stock markets advanced in early trading Monday, with Japan's benchmark jumping more than 3 percent after the central bank called an emergency policy board meeting.
Japanese Stocks Gain Third Day on Weaker Yen, Bernanke Pledge Sunday, August 29, 2010 @ 10:03PMJapanese stocks rose for a third consecutive day on speculation the Bank of Japan will take measures to weaken the yen, and Federal Reserve Chairman Ben S. Bernanke pledged to safeguard the U.S. economic recovery.
What Does The Junior Sector Say about the Next Move in Gold? Sunday, August 29, 2010 @ 10:00PMWith gold rising almost each day now, those of you, who are holding the yellow metal as a long-term investment are most likely happy with this situation.
Uncle Scam Sunday, August 29, 2010 @ 10:00PMThe latest data on global gold trends, Q2 2010, just popped into my email box from the World Gold Council. The bad news is that the higher nominal price of gold has caused a 5% decrease in jewelry sales over the prior year.
India Day Ahead: Quarterly Economic Growth Report; Gold Fund Outlook Sunday, August 29, 2010 @ 9:59PMIndia’s economy probably grew at the fastest pace in 2 1/2 years, adding pressure on the central bank to raise interest rates even as the global recovery falters.
Proton To Post Favourable Results One Back Of New Model, Says OSK Sunday, August 29, 2010 @ 9:54PMKUALA LUMPUR, Aug 30 (Bernama) -- OSK Research Sdn Bhd expects Proton Holdings Bhd to post favourable results in the shorter term on the back of its new model pipeline going forward in addition of the much improved operating landscape.
Bargains galore for savvy investors Sunday, August 29, 2010 @ 9:45PMDespite recent losses, investors can pick up a bargain, with stocks looking almost as cheap as last year.
OSK upbeat on Proton, keeps 'buy' call Sunday, August 29, 2010 @ 9:36PMOSK Research Sdn Bhd expects Proton Holdings Bhd to post favourable results in the shorter term on the back of its new model pipeline going forward in addition of the much improved operating landscape. It is maintaining its "buy" on Proton being the cheapest auto stock under its coverage which is only trading at forward price-per-earning of 7.2 times versus the sector average of 10 times. Proton ...
Asia Stocks Rise Most in Five Weeks on BOJ Stimulus Speculation Sunday, August 29, 2010 @ 9:33PMAsian stocks rose the most in five weeks on speculation the Bank of Japan will announce measures to weaken the nation’s currency and Federal Reserve Chairman Ben S. Bernanke pledged to safeguard the U.S. economic recovery.
Gome shares higher in resumed trade Tuesday, August 24, 2010 @ 1:10AMShares of Gome rise in resumed trading, as investors cheer news they will soon have a say in the struggle for control of the company between the current chairman and the firm's imprisoned founder.
Analysts still puzzled by Wall Street's May 6 'flash crash' Tuesday, August 24, 2010 @ 1:09AMNew York Times Monday, August 23, 2010 It sounds like Wall Street meets The X-Files. The stock market mysteriously plunges 600 points on May 6 — and then, more mysteriously, recovers within minutes. Over the next few weeks, analysts at Nanex, an obscure data company in the suburbs of Chicago, examine trading charts from the day and are stunned to find some oddly compelling shapes and patterns in ...
By R M Cutler Tuesday, August 24, 2010 @ 1:07AMMONTREAL - Asian equities advanced slightly last week on moderate overall volatility but among the national stock exchanges the rank-order correlation between volatility and percentage move was only a mild +0.28. (It turns out that the scatter-plot correlation is usually roughly the square root of the rank-order correlation's absolute value; last week it was +0.56.)
As anxiety lingers, stocks slip Tuesday, August 24, 2010 @ 1:07AMNEW YORK - Stocks slumped to a weak finish Monday as lingering worries about the economy overcame optimism from a fresh round of corporate dealmaking.
Annual Financial Report Tuesday, August 24, 2010 @ 1:07AMInternet plc Annual Report 2010 Company Number 06172239 Contents --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Introduction & Highlights 2 Chairman's Statement 3 Operational & Financial Review 4 Board of Directors and Senior Managers
Thai Stocks May Stumble At 900 Points Tuesday, August 24, 2010 @ 1:03AM(RTTNews) - The Thai stock market added less than a point on Monday - but that was enough to extend its winning streak to five sessions, gathering more than 30 points or 3.3 percent on its way to yet...
Anger in Hong Kong over Manila bloodbath Tuesday, August 24, 2010 @ 1:02AMHONG KONG, Aug 24, 2010 (AFP) - Anger mounted in Hong Kong Tuesday against Philippine authorities as flags flew at half-mast and the stock exchange held a minute's silence in mourning for eight tourists mown down in Manila.
Stock Market: Stock market plunges Tuesday, August 24, 2010 @ 1:01AMTHE MAIN stock index dropped by more than 2% Tuesday, a day after a Manila hostage tragedy that took the lives of 10 people, mostly tourists from Hong Kong.
Sterlite Industries, Hindalco Lead Indian Stocks to Biggest Fall in a Week Tuesday, August 24, 2010 @ 12:50AMIndian stocks fell the most in a week, led by Sterlite Industries (India) Ltd. and the nation’s biggest raw-material producers, as metal prices fell on concern global growth may falter and hurt demand for commodities.
Magnit, Razgulay, Mechel, Cherkizovo May Be Active in Russia Stock Trading Tuesday, August 24, 2010 @ 12:43AMThe following companies may have unusual price changes in Russian trading. Stock symbols are in parentheses and share prices are from the previous close.
Movers & Shakers: Monday's biggest gaining and declining stocks Monday, August 23, 2010 @ 7:41AMStocks expected to move significantly in trading Monday include EpiCept, Jazz Pharmaceuticals, Sanderson Farms, 3Par and Warner Chilcott.
HSBC in talks for $6.8B majority stake in Nedbank Monday, August 23, 2010 @ 7:37AMBritish bank HSBC Holdings PLC said Monday it is in talks with financial group Old Mutual PLC to buy a controlling stake in Nedbank Group Ltd. of South Africa in a deal worth as much as $6.8 billion.