Ford Motor Co January US Sales Jump 25%, While Rival Toyota Motor Corp Sees 16% Decline Following Massive Recall
Mitsubishi UFJ Financial Group Inc, Japan’s Biggest Bank by Market Value Posts Third-Quarter Net Income of JPY 76.1B (USD 842.2mm) Versus Year-Ago Loss of JPY 134.1B
Bank of America Corp Set Aside Over USD 4B in 2009 to [...]
Filed in Finance
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Also tagged Airbus Demand Forecast, Airbus SAS, Bank Of America Bonuses, Ford Motor Co., Ford US Sales, Honda Motor, Honda Profit, Mitsubishi UFJ Financial Group, Overnight Market News, Overnight Markets, Roche Holding AG, Roche Profit
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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 Rise 3.1% [...]
Filed in General
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Also tagged American International Group, 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
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Bank of America Corp (BAC) Raises USD 19.3B from Securities Sale to Help Finance its USD 45B Repayment to Government
US Jobs Data for November to Be Released Today, Economists Expect 125k Job Losses and 10.2% Unemployment Rate
Citigroup Inc Says Repayment of TARP Funds Impeded by US Treasury’s Holding of 34% of the Bank
Cisco Systems Inc [...]
Bank of America Corp is Set to Repay USD 45B in Government Bailout Funds, Lifting Pay Restrictions as the Bank Recruits its New Chief Executive Officer (CEO)
General Electric Co and Comcast Corp Reaches Deal Which Would Give Comcast Corp a 51% Stake in NBC Universal (NBCU), Valuing the Unit at About USD 30B
American Airlines [...]
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 Rebound after [...]
China’s Q03 2009 Gross Domestic Product Expands 8.9% Year-Over-Year (yoy) on Stimulus Spending and Lending Growth
Bank of America Corp Agrees to Sell First Republic Bank to Investor Group Led by General Atlantic LLC and Colony Capital LLC for Over USD 1B
Insurance Giant, The Travelers Cos Third Quarter Net Income More than Quadruples to USD 935mm [...]
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 to Develop [...]
Filed in Finance
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Also tagged aig, AIG Taiwan Life Insurance Unit, American International Group, 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
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Goldman Sachs Group Inc pushed up shares of U.S. banks yesterday, after saying that the market has not recognized the significant improvement in earnings potential at big banks. Goldman Sachs boosted ratings on Wells Fargo & Co. to “Buy” from “Neutral”, added Capital One Financial Corp. to its “Conviction Buy” list and reaffirmed the “Conviction [...]
Within the past month, mergers and acquisitions around the world have begun to pick up the pace, with Ameriprise Financial Ltd. being the latest company to get bitten by this bug.
Ameriprise Financial Ltd. has snagged the stock and mutual fund business of Bank of America Corp’s Columbia Management unit, for a price tag of up [...]
Asian Development Bank Raises 2009 Growth Forecast for Region to 3.9% from 3.4%, But Says Still too Early to Exit Stimulus Measures
Bank of America Corp to Pay US Government USD 425mm to Cancel Unused Guarantee Related to Merrill Lynch & Co Takeover, But Faces New SEC Trial Related to Bonuses
Ford Motor Co and Chinese Partner, [...]