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Tag Archives: News Summary

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

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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”

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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

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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%

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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

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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

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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

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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

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Financial News Summary – May 5, 2009

05-May-09

- Kraft Foods Inc Earnings Top Estimates – Adidas AG Sees First Quarter Profits Plummet, Announces Job – UBS Cautious on Outlook

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Financial News Summary – May 4, 2009

04-May-09

- Sprint Nextel Corp Widens First Quarter Loss – Tyson Foods Posts Second Quarter Loss – PepsiCo’s Offer to Buy Back Pepsi Bottling Group Rejected

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