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Tag Archives: Financial News

Financial News Summary – May 29, 2009

29-May-09

- US Economy Shrinks at 5.7% Rate in First Quarter – Euro Zone Annual Inflation Drops to Zero in May – Time Warner to Spin Off AOL – US Durable Goods Orders Up, Jobless Claims Down

Financial News Summary – May 27, 2009

27-May-09

- Japan’s Export Slump Eases Slightly in April – Bank of America Corp Raises 76% of Capital Required by Federal Reserve – US Consumer Confidence Soars, Beats Forecasts – Bank of Montreal Posts Better-Than-Expected Quarterly Profit

Financial News Summary – May 19, 2009

19-May-09

- American Express to Slash 6% of Global Workforce – US Housing Starts, Building Permits Sink to Record Lows – Home Depot Sees Better-than-Expected First Quarter

Financial News Summary – May 18, 2009

18-May-09

- AIG Plans IPO for Asian Subsidiary – Lowe’s Companies, Inc Profits Exceed Estimates – Volkswagen Suspends Porsche Talks stating “the atmosphere is not a constructive one”

Financial News Summary – May 14, 2009

14-May-09

- US Jobless Claims Rise Unexpectedly – Sony Posts First Loss in 14 Years – BT Group Plc Cuts Dividend and Announces More Job Cuts

Financial News Summary – May 13, 2009

13-May-09

- European Commission Fines Intel Corp EUR 1.06B – US Retail Sales Fall For Second Straight Month in April – Japan’s Current Account Surplus Contracts By Record 48.8%

Financial News Summary – May 12, 2009

12-May-09

- Centrica to Purchase 20% Stake in British Energy – US Trade Deficit Widens in March, First Time in Eight Months – China’s Exports Decline 22.6% in April – Bank of America Sells USD 7.3B Stake in China Construction Bank

Financial News Summary – May 8, 2009

08-May-09

- Toyata Motor Corp Sees Wider-Than-Expected Quarterly Loss – US Jobs Down Less than Estimated Signaling Economic Downturn – US Banks Raise Capital After Stress Test Results

Financial News Summary – May 7, 2009

07-May-09

- European Central Bank Cuts Interest Rates to 1% – Anheuser-Busch InBev Inc Finds Buyer For South Korean Unit – General Motors Corp Loses Another USD 6B

Financial News Summary – May 6, 2009

06-May-09

- Wal-Mart Opens Convenience Stores in China – US Private Sector Cuts 491,000 Jobs, Less Than Expected – Bank of America Corp to Need USD 34B of Capital