Darlington Musarurwa
04 Jul, 2009
New York City
Air Jamaica in its second privatization attempt is likely to be a discount carrier. The Spirit Airlines investors, Oaktree Capital and Indigo Partners are likely to align the operations, management and flight schedules of two carriers that will extend the reach of Spirit in the Caribbean region.
123jump.com Staff
11 May, 2009
New York City
Market indexes in Europe declined after a weakness in banks, mining and industrial companies. Stocks in Germany fell after Commerzbank planned to sell debt and TUI AG reported weak earnings. Manufacturing in France and in Germany declined.
Mayank Mehta
08 May, 2009
New York City
Symantec Corporation led the decliners in the S&P 500 index of 14.7%. American International Group first quarter loss narrows. Bankrate first quarter income falls 31%. MoneyGram International reports improved first quarter results.
123jump.com Staff
25 Apr, 2009
New York City
Fed and other regulators are testing capital adequacies at 19 banks for two alternative economic scenarios that may not be stressful enough. Banks may need additional $850 billion in capital as tangible equity ratios remain low, despite the Fed's assertion of adeuqate capital at these banks.
123jump.com Staff
06 Oct, 2008
New York City
The U.S. benchmark indexes plunge 8% at their lowest before recovering to 3.6% loss. Interbank and short term lending rates remain elevated. The crisis of confidence hit retailers, financials and mining stocks the hardest. European markets dive 7% and emerging markets decline between 4% and 19%.
123jump.com Staff
03 Oct, 2008
New York City
Wells Fargo offered a significantly higher bid for Wachovia Corp and agrees to purchase its banking and other business. The all-stock deal values the bank at $15.1 billion or $7 a share, significantly higher than $2.1 billion or $1 a share offer. FDIC affirmed that the deal with Citigroup stands.
123jump.com Staff
02 Oct, 2008
New York City
The U.S. Senate overwhelmingly approves the financial market stabilization bill with $700 billion provisions. The unpopular bill has been termed by the public as bailout bill that was rejected by the U.S. House. Presidential and vice presidential candidates voted in favor of the bill.
123jump.com Staff
02 Oct, 2008
New York City
General Electric, one of the very few AAA rated companies was forced to raise $12 billion in public offering that closes before the market opening today. The company also struck a tough deal with Warren Buffett controlled Berkshire Hathaway for $3 billion at 10% dividend and a cheap warrant.
123jump.com Staff
01 Oct, 2008
New York City
Xstrata after facing difficult financing conditions abandons its Lonmin takeover offer at
123jump.com Staff
26 Sep, 2008
New York City
JP Morgan raised $10 billion and may raise additional $1.3 billion to pay for the recent purchase of the banking operations of Washington Mutual and will have the second largest branch network. The bank will write down WaMu loan portfolio by $31 billion and shut up to 10% of its branches.
123jump.com Staff
27 Dec, 2007
New York City
Stocks in Japan declined at close on rising energy prices and slumping construction. a weakness in the housing market related to new building code was confirmed in the November data. Housing starts in November plunged 27% from a year ago and declined 35% from October. Construction equipment unit shipment rose 10.4% in November and exports increased 15% in value. Auto unit production in the month rose 3.8% and exports from Japan increased 8.1%.
Elena
11 Sep, 2006
Frankfurt
European markets finished mostly in the negative, pressured by weakness among resource stocks as crude oil and gold prices moved steeply down. Resource companies like BHP Billiton and Rio Tinto slipped over 4%. London FTSE 100 closed down 0.5%, the French CAC 40 fell 0.3%, while the German DAX reversed earlier losses to add 0.1%.
Elena
11 Sep, 2006
New York City
Losses by resource stocks and a decline by the shares of Dell kept market averages in the negative territory. Gold stocks sharply dropped, as the price of gold pulled back below $600 an ounce. Oil giant and Dow component Exxon Mobil Corp. was a notable decliner, off 2.8%. Computer maker Dell fell 1.7% after it said it would delay its Q2 earnings filing.
Elena
11 Sep, 2006
Mumbai
Market opened up but plummeted in Monday trading. An intense sell-off emerged in blue-chips, hitting metals, pharma stocks and cement. Hindalco and Tata Steel led the decliners. Indian external debt increase was much lower this fiscal year than last fiscal year. Prime Minister Mr. Singh will be visiting Brazil to pormote trade between two nations.
Elena
11 Sep, 2006
New York City
U.S. stocks started trading in the negative, as declining oil prices dragged energy shares lower and downbeat news from Dell further weighed on the sentiment. Dell Inc. fell 3.9% after announcing it will delay filing its fiscal Q2 report and suspend its share repurchase program due to accounting probes.
