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, Bank of America CEO, BOA CEO, Brian Moynihan, Citigroup TARP, Kenneth Lewis, Overnight Market News, Overnight Markets, TARP, UK Retail Sales, US Interest Rates
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Citigroup Inc Plans to Repay Portion of Government Aid Via USD 20B Equity Offering that Could be Announced as Early as Today
Panasonic Corp Acquires 50.2% Stake in Sanyo Electronic Co for JPY 403.78B (USD 4.6B)
Costco Wholesale Corp First Quarter Net Profit Rises to USD 266mm from USD 263mm a Year Ago on Increased Revenue
US Foreclosures [...]
Eurozone Economy Exits Recession in Third Quarter, Grows 0.4% Compared with Previous Quarter
British Airways PLC, Iberia Lineas Aereas de Espana SA Agree to USD 7B Merger
Citigroup Inc Near Finalizing the JPY 100B (USD 1.1B) Sale of Japan’s Biggest Telemarketer, Bellsystem24, to Private-Equity Firm Bain Capital Inc
The Walt Disney Co (NYSE: DIS) Profits Grow 18% in [...]
Filed in Finance
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Also tagged Bellsystem24, British Airways, British Airways Iberia Merger, Eurozone Economy, Eurozone Economy Recession, Google, Google Acquires Gizmo5, Iberia Lineas, Overnight Market News, Overnight Markets, Walt Disney, Walt Disney Profits
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US Federal Reserve Says Economy Improving, but Stresses Intention to Keep Key Interest Rates at Record Lows for Extended Period
Citigroup Inc to Consider Shrinking North American Retail Branch Network to Six Metropolitan Areas
Germany Lowers Planned Fourth Quarter Debt Sales by 22% on “Improved Funding Conditions”
Japan’s Largest Brokerage, Nomura Holdings Inc to Raise up to JPY [...]
Citigroup Inc Explores Options to Offload US Government’s 34% Interest in the Bank, May Raise Capital Through Stock Offering
Bank of England to Consider Lowering Deposit Rate for Reserves to Spur Lending
General Electric Co Acquires Norwegian Firm ScanWind as it Seeks to Penetrate Growing Offshore Wind Market
US Federal Judge Throws Out the Securities & Exchange Commission’s [...]
Filed in Finance
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Also tagged Air France, American Airlines, Bank of England, Delta Airlines, Eli Lilly Job Cuts, General Electric, General Electric ScanWind, Japan Airlines, Overnight Market News, Overnight Markets, ScanWind
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After being hit hard by the downturn in the construction industry, Toll Brothers Inc. received yet another blow yesterday, as the luxury homebuilder was downgraded to “hold” from “buy” at Citigroup Inc. – which cautioned investors should “wait for a more compelling entry point” to purchase the stock.
Added to this, many analysts are not convinced [...]
Citigroup Inc Raises Interest Rates on Up to 15mm US Credit Card Accounts
General Mills Inc Reports Jump in Fourth Quarter Profits to USD 358.8mm or USD 1.07 per share, Increases 2010 Profit Forecast
Business Confidence in Japan Improves for First Time in Two and a Half Years to -48, Up from a Record LO of -58 [...]
Venezuela’s Government to Continue Reviewing Possibility of Permitting State Oil Company Petroleos de Venezuela SA (PDVSA) to Issue Bonds This Year
Organization for Economic Cooperation and Development (OECD) Expects Combined Economies of Member States to Contract 4.1% in 2009, Up from March’s 4.3% Forecast
Citigroup Inc To Raise Employees’ Base Salaries by as Much as 50% [...]
After announcing last month that it would purchase Citigroup Inc’s Japanese brokerage firm – Nikko Cordial Securities Inc. – for JPY 545 billion, Sumitomo Mitsui Financial Group Inc. said it would raise up to JPY 923 billion (US$9.4B) in the largest Japanese stock sale in eight years.
Japan’s second largest bank by market value will offer [...]