Economic Expansion in China Slows Moderately in Second Quarter to 10.3% After Credit Cuts Jeffrey Immelt Announces General Electric Co’s Plan to Spend USD 20B on Technology to Increase Future Growth Prospects JPMorgan Chase & Co Second-Quarter Net Profit Surges to USD 1.09 per Share from USD 0.28 per Share a Year Earlier as Loan [...]
Filed in Finance
|
Also tagged Agricultural Bank of China IPO, BP New Cap Leak, BP Oil Leak Cap, BP Repairs New Cap Leak, China Economic Expansion, GE Future Growth, GE Technology, Harvey Golub, Harvey Golub Resignation, Harvey Golub Resigns, Jeffrey Immelt, JPMorgan Chase, JPMorgan Chase Net Profit, Overnight Market News, Overnight Markets
|
JPMorgan Chase & Co First Quarter Earnings Rise 55% to USD 3.33B or USD 0.74 per Share on Higher Trading Revenue American International Group Inc’s Aircraft Leasing Division Sells 53 Aircrafts to Macquarie Group Ltd for USD 1.99B Intel Corp Profit Nearly Quadruples to USD 2.4B or USD 0.43 per Share in its Best First [...]
Filed in Finance
|
Also tagged American International Group Aircraft Leasing, Daimler AG, Daimler AG Operating Profit Forecast, Intel, Intel Corp Profit, Intel Profit, JPMorgan Chase, JPMorgan Chase Earnings, Lexus GX 460, Lexus GX 460 Safety, Lexus GX 460 Safety Risk, Macquarie Group, Overnight Market News, Overnight Markets, Singapore, Singapore Currency, Singapore Currency Revaluation, Toyota Lexus GX 460, Toyota Safety Risk
|
Royal Dutch Shell PLC and PetroChina Co Offer USD 3B to Acquire Australia’s Arrow Energy Ltd American International Group Inc (AIG) Closes in on Deal to Sell Foreign Life Insurance Unit to MetLife for USD 15B in Cash and Stock Kraft Foods Inc Faces UK Probe over Plans to Close a Cadbury PLC Factory it [...]
Filed in Finance
|
Also tagged American International Group MetLife, Arrow Energy, BYD, BYD Western Europe, Essar Group, Kraft Foods, Kraft Foods Cadbury, Kraft Foods UK, Nicolas Sarkozy, Overnight Market News, Overnight Markets, PetroChina, Rescue Greece, Royal Dutch Shell
|
Bank of America Corp Appoints Brian T Moynihan as Chief Executive Officer to Replace Kenneth D Lewis Citigroup Inc Prices Share Issue to Repay TARP Funds at USD 3.15 per Share, Prompts US Government to Delay Offloading Stake UK Retail Sales Decline for First Time in Six Months Falling 0.3% in November from October, but [...]
Filed in General
|
Also tagged Bank of America, Bank of America CEO, BOA CEO, Brian Moynihan, Citigroup, Citigroup TARP, Kenneth Lewis, Overnight Market News, Overnight Markets, TARP, UK Retail Sales, US Interest Rates
|
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% [...]
American International Group (AIG) Inc Agrees to Sell Taiwan Life Insurance Unit to Investor Group Led by Primus Financial Holdings Ltd for USD 2.15B Bank of America Corp to Waive Attorney-Client Privilege and Turn Over Merill Lynch & Co Legal Advice Documentation to New York Attorney General Vanda Pharmaceuticals Inc to Partner with Novartis AG [...]
Filed in Finance
|
Also tagged aig, AIG Taiwan Life Insurance Unit, Bank of America, Germany’s Investor Confidence Index, Merill Lynch, Novartis, Overnight Market News, Overnight Markets, Primus Financial Holdings, Royal Bank of Scotland Group, Royal Bank of Scotland Singapore, Schizophrenia Drug, Vanda Pharmaceuticals
|
American International Group (AIG) Inc. has had its ratings cut left, right and center after its recent rally. AIG, which recently closed above US$50 for the first time after plunging to a low of US$7 in March 2009 (from over US$400 back in September, 2008), was slammed with back-to-back downgrades this week. Yesterday, Wells Fargo [...]
UK Life Insurer, Friends Provident Plc, to Enter Discussions with Resolution Ltd after Receiving Revised Offer that Values the Group at GBP 1.86B (USD 3.1B) British-Australian Mining Giant Rio Tinto’s Shares Drop on China’s Accusation that it Engaged in Commercial Espionage for 6 Years, Costing the Country USD 102B New CEO of American International Group [...]
After surviving a tough few years, American International Group (AIG) seems to be back on the right track. The U.S. insurer reported second quarter net income of US$1.82B or US$2.30 per share, its first profit following six back-to-back quarterly losses. The results are a stark improvement from the net loss of US$5.36B or an adjusted [...]
Bank of England Holds Benchmark Interest Rate at 0.5% for Fourth Consecutive Month American International Group Inc (AIG) Revives Talks with Rival MetLife Inc Over Sale of American Life Insurance Co (Alico) China’s Passenger Car Vehicle Sales Jump 48% to 873k Units in June from May on More Government Stimulus Spending, Biggest Increase Since February [...]