United Arab Emirate (UAE) Stocks Plunge 7% as the Stock Market Opens for the First Time Since Dubai Announced that it Would Ask Creditors for a Delay of its Debt Repayment US Consumers Spent 8.04% Less, On Average (Approximately USD 343 per Person) over Thanksgiving Holiday Weekend Compared with the Year-Ago Period Emerging Market Stocks [...]
33 year old golf super star Tiger Woods was reportedly seriously injured in a car accident that happened outside his Isleworth, Florida home early this morning. Woods reportedly pulled out of his driveway in the Isleworth community at approximately 2:25 a.m., when he struck a fire hydrant, and then drove into a tree on his [...]
General Electric Co Moves Closer to Selling Controlling Interest in NBC Universal to Comcast as CEO Jeffrey Immelt Meets with CEO of Vivendi SA, NBC’s Minority Owner Sony Corp in Discussions to Find Customers for Rechargeable Car Batteries, Plans to Enter Lithium-Ion Battery Market to Help Boost Earnings World Bank Approves USD 1.5B Loan to [...]
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Tagged China Banking Regulatory Commission, Comcast, General Electric, General Electric Comcast, General Electric NBC, Mexico Stimulus, NBC Universal, Overnight Market News, Overnight Markets, Rechargeable Car Batteries, Sony, Sony Rechargeable Car Batteries, UK Banks, World Bank, World Bank Loan
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UK Economy Contracts at a Slower Pace Than Originally Reported in the Third Quarter, Shrinking 0.3% Versus 0.4% Initially Estimated US Commerce Department is Expected to Report This Morning New Home Sales in October Rises 2% from the Prior Month Japan Exports Fall at its Slowest Annual Rate in a Year in October, Declining 23.2% [...]
Japan’s Economy Falls into Deflation for the First Time Since 2006 Says Japanese Government, Central Bank Keeps Interest Rates on Hold at 0.1% General Electric Co and Vivendi SA Negotiations Slow as Both Companies are At Least USD 1B Apart in its Valuation of the French Company’s Stake in NBC Universal Dell Inc Third Quarter [...]
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Tagged Dell, Dell Profit, Dell Profits, East Africa Common Market Treaty, Gartmore Group, General Electric, General Electric Vivendi SA, Japan’s Economy, Overnight Market News, Overnight Markets, Sands China, Vivendi SA
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Organization for Economic Cooperation and Development Lifts Euro Zone 2010 Growth Forecast, Now Expects Expansion of 0.9% Versus Prior Estimate for Zero Growth JPMorgan Chase & Co Agrees to Purchase Remaining Stake of UK Stockbroker, Cazenove for GBP 1B (USD 1.7B) Sony Corp Aims to Return its Gaming and TV Businesses to Profitability by Fiscal [...]
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Tagged Air France-KLM, Air France-KLM Job Cuts, Cazenove, Euro Zone 2010 Growth, Infineon Technologies, JPMorgan Chase, JPMorgan Chase Cazenove, OECD, Organization for Economic Cooperation and Development, Overnight Market News, Overnight Markets, SabMiller, Sony Corp
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Chinese Court Orders Microsoft Corp to Cease Selling Versions of its Windows Operating System that Include Fonts Designed by a Local Company, Citing Violation of Licensing Agreement The SkyTeam Airlines Group, Led by Delta Air Lines Inc Offers Struggling Japan Airlines Corp USD 1.02B Funding Package to Switch from Rival Oneworld Alliance Bank of England [...]
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Tagged Apollo Management LP, Apollo Management LP IPO, Apollo Management LP Stock Exchange, Bank of England, Cadbury, Ferrero SpA, Gold Record High, Hershey, Microsoft China, Microsoft China Font, Overnight Market News, Overnight Markets, SkyTeam Airlines Group
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UBS AG Aims to Earn CHF 15B (USD 14.9B) in Annual Pre-Tax Profit Over the Next Three to Five Years Berkshire Hathaway Inc Says it Acquired Stakes in Exxon Mobil Corp and Nestle SA in Q03 2009 UK’s Annual Inflation Rate Rises 1.5% in October from 1.1% in September on Higher Fuel Prices, First Increase [...]
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Tagged Berkshire Hathaway Inc, Berkshire Hathaway Inc Exxon, Berkshire Hathaway Nestle, CapitaLand, CapitaLand Initial Public Offering, CapitaLand IPO, Lehman Brothers Holdings, Lehman Brothers Holdings Barclays Capital, Lehman Brothers Holdings Barclays lawsuit, Overnight Market News, Overnight Markets, Time Warner, Time Warner AOL, Time Warner Inc, Time Warner Internet Business, UBS AG, UBS AG Profit, UK Annual Inflation, UK Annual Inflation Rate
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Japan’s Economy Grows at Fastest Pace in More Than Two Years, by an Annualized Rate of 4.8% in Third-Quarter Compared with Prior Quarter General Motors Corp to Begin Repaying USD 6.7B Government Bailout by Year-End Canon Inc to Buy Oce NV for EUR 730mm (USD 1.1B) in Cash to Expand Printer Operations JPMorgan Chase & [...]
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Tagged Canon Oce NV, Cazenove Group, Cisco Systems, Cisco Systems Tandberg ASA, General Motors, General Motors Bailout, Japan Economy Growth, Japan’s Economy, JPMorgan Chase, Overnight Market News, Overnight Markets
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Movie rental company, Blockbuster inc., delivered a quarterly performance that didn’t leave analysts or investors requesting an encore. Blockbuster widened its third-quarter loss to US$114.1M or US$0.6 per share, from US$20.6M or US$0.11 per share a year ago, following a 21% decline in revenue. According to Blockbuster, its bottom line has been impacted by the [...]