Bank of America Corp Posts Second Quarter Profit of USD 3.4B or USD 0.33 per share, Topping Estimates of USD 0.28 per share General Electric Co’s Second Quarter Profit Declines by Almost Half to USD 2.67B or USD 0.26 per Share, Still Ahead of Analysts’ Estimates of USD 0.24 per Share British Airways Plc to [...]
General Motors Corp to Complete Sale of Assets Today, Exit Bankruptcy Protection After Only 40 Days China’s Exports Fall for Eighth Consecutive Month, Slumping 21.4% in June Year-Over-Year (yoy) on Continuing Weak Global Demand Japanese Wholesale Prices Tumble 6.6% in June (yoy), Deflation Deepens Infosys Technologies Ltd Exceeds Expectations with 17% Jump in Fiscal First [...]
General Motors Corp Wins Approval to Sell Profitable Assets to New, Government-Backed Company India to Borrow Record USD 93B to Finance Budget Porsche SE Cut to “Sell” from “Neutral” by UBS AG on Rising Debt, Increasing Possibility that it Will Sell its 20% Holding in Volkswagen AG China Launches Experimental Plan to Allow Trade to [...]
UK Says Economy Shrank by 2.4% in Q01 2009, Sharper than Previous Estimate of a 1.9% Decline and Worst Contraction Since 1958 Japan’s Jobless Rate Jumps to 5.2% in May from 5.0% in April, Highest Level in Almost 6 Years European Inflation Posts First Annual Decline of 0.1% in June on Declining Energy and Food [...]
Russia Raises Global Reserve Currency Issue, China Extends USD 10B Credit Support to Central Asain States at First BRIC Summit General Motors Corp Reaches Deal to Sell Saab Brand to Koenigsegg, Includes USD 600mm Funding from the European Investment Bank German Investor Confidence Jumps to 3-Year HI of 44.8 in June on Signs that the [...]
General Motors Corp Reaches Preliminary Agreement to Sell Saturn to Penske Automotive Group Apple Inc Chief Executive, Steve Jobs On-Track to Return to Company as it Unveils New iPhone US Unemployment Report for May to be Released at 7:30 am, Unemployment Rate Forecasted at 9.2% US Regulators Dismiss Objections from JPMorgan Chase & Co, American [...]
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Also tagged American Express, JPMorgan Chase, Market News, New iPhone, Overnight Market News, Overnight Markets, Penske Automotive Group, Saturn, Steve Jobs, TARP Money, US Unemployment Report
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Toll Brothers Posts Loss per Share of USD 0.52, Compared With A Loss of USD 0.59 Year-Over-Year for Fiscal Second Quarter through April Microsoft Corp to Launch Windows 7 Operating System to Replace Vista on October 22, Ahead of Schedule Australia’s Economy Avoids Recession After Economy Grew 0.4% in Q01 2009 European Central Bank (ECB) [...]
Cisco Systems Inc., the world’s biggest networking equipment maker, will become the latest addition to the Dow Jones Industrial Average, replacing General Motors Corp. With close to 130 firms under its belt, Dow Jones continues to exceed expectations as it expands its technology portfolio and product lines. According to Cisco, its inclusion on the Dow [...]
Abu Dhabi Reaps GBP 1.5B Profit After Sale of 11% Stake in Barclays Plc General Motors Corp Will Likely Sell Key Assets by Next Month as it Hopes for Speedy Exit from Bankruptcy Protection Goldman Sachs Group Inc Receives USD 1.91B from Industrial & Commercial Bank of China Ltd Stock Sale, on Track to Repay [...]
General Motors Corp to File for Bankruptcy Later on This Morning, US Government to Provide USD 30mm of Additional Funds to Restructure the Automaker Chrysler Wins Court Approval to Sell Most of Its Assets to a Group Led by Italy’s Fiat SpA China’s Manufacturing Expands For a Third Consecutive Month in May Recording a Monthly [...]