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Category Archives: General

Overnight Market News – November 24, 2010

24-Nov-10

Standard & Poor’s Financial Services LLC Lowers Ireland’s Long-Term Debt Rating to A from AA- and its Short-Term Grade to A-1 from A-1+ With Negative Outlook as the Government Prepares to Unveil a Four-Year Deficit Reduction Plan The Rivalry Between Bayerische Motoren Werke AG (BMW), Mercedes-Benz and Volkswagen AG’s Audi Expands to Include a Holiday [...]

Overnight Market News – November 23, 2010

23-Nov-10

Hewlett-Packard Co Fiscal Fourth Quarter Net Income Rises 5% to USD 2.54B on Strong Revenue Growth Private Equity Investors Led by TPG Capital Near Deal to Acquire Clothing Retailer, J. Crew Group Inc for USD 3B in Cash Qantas Airways Ltd to Resume Airbus SAS A380 Services on November 27, 2010, 23 Days After Grounding [...]

Overnight Market News – October 20, 2010

20-Oct-10

UK Posts a Record High September Budget Deficit of GBP 12.6B, Compared with GBP 1.5B a Year Earlier, Primarily Attributable to a 10.2% Increase in Government Spending During the Month PSA Peugeot Citroen SA Reports an Advance in Q03 2010 Revenue to EUR 13B, Surpassing Analysts’ Average Estimate of EUR 12.3B and Now Expects Full-Year [...]

Overnight Market News – October 19, 2010

19-Oct-10

Apple Inc Surpasses Quarterly Earnings Expectations with Q04 2009/2010 Diluted Earnings per Share of USD 4.64, against USD 2.77 Last Year, Boosted by Strong iPhone Sales International Business Machines Corp Reports a Higher-than-Expected Q03 2010 Profit of USD 2.82 per Share, Compared with USD 2.40 per Share a Year Earlier, Helped by Sales of New [...]

Overnight Market News – October 15, 2010

15-Oct-10

TPG Capital and KKR & Co are Currently in Talks to Acquire Seagate Technology Plc for Approximately USD 16.00 per Share, Valuing the company at USD 7.55B Sony Corp Foresees Robust Christmas Holiday Sales for its Video-Game Consoles in Europe that will Help it Exceed Target Sales of 15mm PS3s for Fiscal 2010 The Average [...]

Overnight Market News – August 25, 2010

25-Aug-10

Goldman Sachs Group, Inc Loses Market Share Underwriting Corporate Bonds as it Seeks to Promote itself as a Company Advisor Rather Than a USD 900B Hedge Fund BHP Billiton Ltd Posts its Best Half-Year Profit in Two Years With First-Half Net Profit Before One-Offs Rising to USD 6.77B From USD 4.59B a Year Earlier, Keeping [...]

Overnight Market News – August 11, 2010

11-Aug-10

Nestle SA Raises its Annual Sales Growth Forecast by 1.1% to 5% After First-Half Sales Growth Rose 6.1%, Surpassing Analysts’ Expectations For a 6% Increase US Home Owners Cut Prices as Much as USD 30.1B in August, Up From USD 27.3B in July, as Unemployment Overshadows Low Mortgage Rates MakeMyTrip Ltd to Raise USD 70mm [...]

Overnight Market News – June 22, 2010

22-Jun-10

UK’s Chancellor George Osborne to Reveal Later This Morning a Budget Plan Which Includes Tough Measures on Tax Increases and Spending Cuts Samsung Electronics Co Expects to Raise its Market Share for Smartphones to More Than 10% in the Fourth Quarter Aided by the Introduction of its Galaxy S Model Biovail Corp Sets to Takeover [...]

Overnight Market News – June 21, 2010

21-Jun-10

China’s Yuan Surges to 21-Month High After the Central Bank Ended a Two-Year Peg to the US Dollar Chemical Giant, BASF SE Set to Acquire German Specialty Chemicals Firm Cognis GmbH for at Least EUR 3.3B (USD 4.1B) BP Plc Reports Oil Spill Costs Reach USD 2B, Says its Partners in the Gulf Must Also [...]

Overnight Market News – May 3, 2010

03-May-10

UAL Corp to Buy Continental Inc for USD 3.2B, Creating the World’s Biggest Airline Billionaire Investor, Warren Buffett Voices “100 Percent” Support for Goldman Sachs Group Inc in Televised Interview Spain’s Unemployment Rate Climbs to 20% in March, Highest in Eurozone Glencore International AG Weighs Merger with Xstrata PLC to Reorganize Ownership and Boost Access [...]