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Category Archives: Finance

Overnight Market News – February 3, 2012

03-Feb-12

Spain’s New Government to Allow Banks an Extra Year to Purge Losses if they Agree to Merge as Part of a Plan to Overhaul the Financial Industry Hutchison Whampoa Ltd to Acquire Orange Austria in a Deal Worth EUR 1.3B (USD 1.7B), Adding to Over USD 31B of Investments in Global Mobile-Phone Operations Panasonic Corp [...]

Overnight Market News – January 30, 2011

30-Jan-12

Exxon Mobil Corp Sells its Japanese Business, Exxon Mobil Yugen Kaisha, to TonenGeneral Sekiyu KK for USD 3.9B UK Home Prices Decline 1.6% in January From the Prior Year as Downward Pressure on Prices is Expected to Continue Due to a Squeeze on Consumers South Korea, Asia’s Fourth-Largest Economy, Reports a Current Account Surplus of [...]

Overnight Market News – January 17, 2011

17-Jan-12

Airbus SAS, Which Posted Record Orders in 2011, Says Demand for its New Aircraft will Likely Drop by More Than 50% this Year UK Inflation Slows to an Annual 4.2% in December from 4.7%, its Weakest Pace in Six Months Led Declines in by Fuel and Clothing Prices DS Smith Plc Agrees to Buy a [...]

Overnight Market News – January 5, 2012

05-Jan-12

German Retail Sales Fall 0.9% in November from the Prior Month as Europe’s Sovereign Debt Crisis Weighs on the Outlook for Economic Growth Annual US Auto Sales Reaches a Total of 12.8mm, Signaling the Best Year Since 2008, as General Motors Co and Ford Motor Co Finished 2011 Stronger than Analysts had Expected Toyota Motor [...]

Overnight Market News – January 4, 2012

04-Jan-12

European Inflation Slows in December, Giving the Central Bank Room to Lower Borrowing Costs Further to Shore Up the Economy US Federal Reserve to Start Announcing its Forecast for the Central Bank’s Key Interest Rate as Chairman Ben S. Bernanke Strives for Greater Transparency Research In Motion Ltd Surges After a Report Said that the [...]

Overnight Market News – December 29, 2011

29-Dec-11

The Euro Falls to a 10-Year Low Against the Yen Amid Concern the European Central Bank (ECB) Will Inject More Cash into the Financial System Mergers & Acquisitions (M&A) Slump 16% to USD 457.1B, Putting the Fourth Quarter on Course To Be the Slowest Since At Least Mid-2010 China Outshines the US As the Top [...]

Overnight Market News – December 22, 2011

22-Dec-11

Bank of America Corp to Pay a Record USD 335mm to Compensate Countrywide Financial Corp Borrowers Who Were Charged More for Mortgages Based on Race and National Origin Toyota Motor Corp Says its Vehicle Sales May Rise 20% in 2012, the Most in At Least 12 Years as Asia’s Biggest Carmaker Recovers from Production Disruptions [...]

Overnight Market News – December 16, 2011

16-Dec-11

Zynga Inc, the Largest Maker of Games for Facebook Inc, Sells 100mm Shares in its Initial Public Offering for USD 10.00 each, the High End of its Initial Price Range Morgan Stanley Announces Plans to Cut 1.6k Jobs Within Q01 2012, Approximately 2.6% of its Employees Fitch Ratings Agency Downgrades Many Big Lenders’ Issuer Default [...]

Overnight Market News – December 1, 2011

01-Dec-11

Zynga Inc, the Largest Maker of Games on Facebook Inc, Will Attempt to Raise Approximately USD 900mm in an Initial Public Offering, Valuing it at as Much as USD 10B Walt Disney Co Increases its Annual Dividend by 50% to USD 0.60 per Share, the Most in at Least 20 Years, Following Record Sales and [...]

Overnight Market News – November 30, 2011

30-Nov-11

Standard & Poor’s Cuts its Ratings on 15 Large Global Banks as a Result of a Sweeping Overhaul of its Ratings Criteria, Including JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc, Goldman Sachs Group Inc and Morgan Stanley Chinese and Hong Kong Property Stocks Trade Lower Today as a New Report by Credit [...]