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Financial News Summary – May 19, 2009

admin — Tue, 19 May 2009 23:36:15 +0000

- 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

admin — Tue, 19 May 2009 06:35:47 +0000

- 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

admin — Thu, 14 May 2009 19:37:29 +0000

- 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

admin — Wed, 13 May 2009 18:53:47 +0000

- 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

admin — Wed, 13 May 2009 06:24:18 +0000

- 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

admin — Fri, 08 May 2009 19:55:03 +0000

- 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

admin — Thu, 07 May 2009 18:49:13 +0000

- 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

admin — Wed, 06 May 2009 20:32:36 +0000

- 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

Financial News Summary – May 5, 2009

admin — Tue, 05 May 2009 19:45:04 +0000

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

Financial News Summary – May 4, 2009

admin — Mon, 04 May 2009 18:58:54 +0000

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