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Monday, June 30, 2008

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July 1 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Tuesday. (For Reuters columns on deals, click on [DEALTALK] ** Major Chinese engine maker Weichai ...


ULAN BATOR, Mongolia Mongolia's ruling party won a tough parliamentary election contested over how to share more of the country's natural wealth, according to preliminary results Monday. The ruling Mongolian People's Revolutionary Party - which also ...



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Ferrari's chairman has overseen a resurgence in the famous marque, and he is far from finished, reports Russell Hotten Luca Cordero di Montezemolo is an appropriately regal-sounding name for a man whose company produces the king of sports cars. But ...



Sunday, June 29, 2008

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Merrill Lynch has been asked by the government to approach institutional investors about the possible sale of its stake in Qinetiq Group, the defence technology company a deal that could raise 250m for the Ministry of Defence. The government ...



Saturday, June 28, 2008

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NEW YORK - Wall Street pared its earlier losses Friday, but still closed lower, as the approaching end of the quarter had investors picking up stocks to close out their portfolios the practice widely known as window dressing. Some bargain hunting ...


NEW YORK Rising oil prices affected many companies this week and produced a bevy of movers, while shares of Citigroup Inc. traded on news that the bank is about halfway done cutting 10 percent of the 65,000 employees in its investment banking unit ...



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Since mid-March, Standard & Poor's Equity Strategy has advised an underweight allocation to the health-care sector. While health care has, in the past, acted defensively in down markets, it has not been performing that way this time. "We continue to ...


Yahoo on Thursday announced a corporate overhaul in the face of stockholder rebellion and front-office desertions. The re-organization comes as Yahoo fights off an attempted coup by corporate raider Carl Icahn and watches dozens of high-ranking ...



Friday, June 27, 2008

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NEW YORK - Wall Street pared its earlier losses Friday, but still closed lower, as the approaching end of the quarter had investors picking up stocks to close out their portfolios the practice widely known as window dressing. Some bargain hunting ...


NEW YORK - Zoll Medical Corp. was a top gainer in the medical device sector during the second quarter as rising North American and international sales boosted the company's share price. But fellow device maker Zimmer Holdings Inc. saw shares plunge ...



Thursday, June 26, 2008

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NEW YORK (Associated Press) - Liberty Media Corp. said Thursday will buy Celebrate Express for about $31.1 million in cash, the owner of diverse entertainment and services Web sites said. Liberty will pay $3.90 per share for the company that sells ...


June 26 (Bloomberg) -- Buying and holding U.S. stocks is ``very treacherous'' because share prices are swinging too much, Laszlo Birinyi , president of Birinyi Associates Inc., said. ``Investors are going to be disappointed and quite frankly fed up ...



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SEOUL, June 24 (Reuters) - South Korean food group Dongwon said on Tuesday it will buy canned tuna company StarKist from Del Monte Foods Co (DLM.N: Quote , Profile , Research , Stock Buzz ) for about $300 million, in the latest push by South Korean ...



Wednesday, June 25, 2008

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Treasury prices moved sharply higher Friday as investors fled the stock market on concerns about the financial sector and oil prices, and traders positioned their holdings ahead of next week's Federal Reserve rate-setting meeting. Equities ended the ...


ROCHESTER HILLS, Mich., June 24 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) ENER , a global manufacturer of thin- film flexible solar laminate products for the building integrated and commercial rooftop markets, announced that it ...



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June 25 (Bloomberg) -- France's CAC 40 Index advanced 62.53, or 1.4 percent, to 4,536.29, rebounding from the lowest level since March 17. The broader SBF 120 Index added 1.5 percent to 3,293.48. The following shares rose or fell in Paris. Stock ...



Tuesday, June 24, 2008

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BANGALORE, June 25 (Reuters) - Indian shares are set to fall on Wednesday after the central bank aggressively tightened monetary policy to rein in double-digit inflation. After the market closed on Tuesday, the Reserve Bank of India raised its key ...


SINGAPORE : Asian shares drifted lower and government bonds gained on Wednesday after a drop in U.S. consumer confidence and home prices hit the dollar and equities and underscored concerns about the world economy. The dollar steadied after its drop ...



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Agriculture heavyweight Bunge Ltd. will buy Corn Products International Inc. in a stock deal worth about $4.4 billion, the company said Monday. Two of the nation's oldest agricultural businesses would become one in the deal, in which Bunge would also ...



Monday, June 23, 2008

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clearly fixed on this week's Federal Open Market Committee meeting. While the two-day meeting, which starts Tuesday, is not expected to result in any change to the Federal Reserve's funds target rate, now at just 2.0 percent, the market will be ...


SYDNEY (Thomson Financial) - The U.S. dollar was mixed in midmorning trading in Sydney on Tuesday, marking time ahead of the start of the Federal Open Market Committee's two-day meeting starting later today. At 10:50 a.m. (0050 GMT) the dollar was at ...



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The Microsoft boss yesterday decided to abandon his $42 billion takeover of Yahoo! after raising his offer by $5 billion yesterday - from $29 a share, where the original $31-a-share stock and cash offer had fallen to with the slide in Microsoft ...


U.S. stocks limped into the weekend as investors absorbed more bad news about fumbling financials and the continued escalation in the cost of energy. Forbes Growth Investor readers doubled their money in Goldman Sachs. What are they doing now? Click ...



Sunday, June 22, 2008

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Saturday, June 21, 2008

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KUALA LUMPUR, June 20 (Reuters) - Here are news stories and factors that may affect the Malaysian stock market on Friday. ----- MARKET SNAPSHOT @ 23:18 GMT



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Local water officials would consider buying Valencia Water Co. should the water retailer be put up for sale, according to Dan Masnada, general manager of the Castaic Lake Water Agency. Masnada, who stressed that the agency is not actively pursuing ...



Friday, June 20, 2008

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NEW YORK (Reuters) - Live Nation Inc Chairman Michael Cohl, the driving force behind the concert promoter's wooing of superstars such as Madonna, has resigned, the company said on Friday after a disagreement over strategy. Cohl, who was head of Live ...



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LONDON, June 20 (Reuters) - Electrical goods retailers DSG International (DSGI.L: Quote , Profile , Research , Stock Buzz ) and Kesa (KESA.L: Quote , Profile , Research , Stock Buzz ) are set to report continued tough trading next week, despite an ...


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Thursday, June 19, 2008

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NEW YORK (Reuters) - A investment fund sued Cerberus Capital Management LP CBS.UL for fraud on Wednesday over the failed buyout of United Rentals Inc (URI.N: Quote , Profile , Research , Stock Buzz ), saying the private equity firm's alleged ...


MEXICO CITY (Reuters) - Mexico's No. 1 brewer, Modelo, run by a family not known for risk taking, is expected to emerge from InBev's $46.3 billion takeover battle for Anheuser-Busch with only one major change -- a new partner. Modelo, already 50 ...



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Wednesday, June 18, 2008

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NEW YORK (Reuters) - Toys "R" Us will not be affected like other retailers this holiday season, and cash-strapped consumers will still buy "cool" toys for their kids, the toy retailer's chief executive said on Tuesday. "I certainly believe people won ...



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TOKYO, June 17 (Reuters) - Japan's Nikkei stock average ended flat on Tuesday, as investors locked in the previous day's sharp gains while they awaited U.S. economic data to gauge inflationary pressure and its effect on investor sentiment. The ...



Tuesday, June 17, 2008

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Shoppers are using overseas websites for retail therapy, with the strong Australian dollar meaning online shopping is doing better than ever. Local retailers are reporting a massive downturn, and experts say it will get worse. Consumers are being ...



Monday, June 16, 2008

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June 16 (Reuters) - Stifel Nicolaus raised eBay Inc (EBAY.O: Quote , Profile , Research , Stock Buzz ) to "buy" from "hold", citing the online auction site's efforts to better its buyer experience and the improved performance of certain segments. The ...


June 16 (Bloomberg) -- Roc Oil Co. , the Australian company exploring in Mauritania, China and Angola, is seeking to buy Anzon Australia Ltd. for about A$612 million ($574 million) to double reserves and lift output by 40 percent amid record prices ...



Sunday, June 15, 2008

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SEATTLE (MarketWatch) -- Bears with horns are skeptics looking beyond bull markets for investment opportunities.



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Saturday, June 14, 2008

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June 14 (Bloomberg) -- Lehman Brothers Holdings Inc. shareholders rallied behind Chief Executive Officer Richard Fuld after a week-long decline in the stock, a management shake-up and the first quarterly loss since the investment bank went public ...


If you want to play stump the clerk, the last place to try it is at Richard's Variety Store in Buckhead. It seems the perfect place for such a game, considering the first 100 square feet of the store contain: faux blue-and-white porcelain, bandannas ...



Friday, June 13, 2008

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NEW YORK (AP) - Shares of hospital stocks could face a rough ride the remainder of the year as admissions growth slows due to the sluggish economy, according to two analysts. Oppenheimer & Co. analyst Michael Wiederhorn said admission growth is ...


BANGALORE (Reuters) - Wachovia Corp (WB.N: Quote , Profile , Research , Stock Buzz ) shares fell as much as 10.2 percent to their lowest level since 1992 on concern the fourth-largest U.S. bank might cut its dividend a second time, and after another ...



Thursday, June 12, 2008

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KUALA LUMPUR (Thomson Financial) - Malaysian shares closed slightly lower on Thursday, in line with the fall in most regional markets, but with gains in plantation stocks and select blue chips keeping the composite index off its lows. Stock markets ...


KUALA LUMPUR (Thomson Financial) - Malaysian shares were lower at the end of the morning session on Thursday following overnight losses on Wall Street, but gains in plantation and industrial stocks kept the key composite index off the session's lows ...



Wednesday, June 11, 2008

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NEW YORK, June 10 (Reuters) - Hartford Financial Services Group Inc (HIG.N: Quote , Profile , Research ) on Tuesday said its board authorized a new $1 billion stock buyback plan, and closed a hybrid debt offering that will allow it to accelerate the ...


June 10 (Bloomberg) -- European stocks fell for a fifth day, the longest losing streak in two months, as concern grew that central banks will raise interest rates to combat inflation even as the global economy slows. ABB Ltd. and Vinci SA retreated ...



Tuesday, June 10, 2008

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DALLAS : XTO Energy Inc. said Tuesday it is acquiring privately held Hunt Petroleum Corp. for $4.19 billion in cash and stock in a deal made more attractive by high oil and gas prices. XTO Energy said the deal includes $2.6 billion in cash and 23.5 ...


NEW YORK, June 10 (Reuters) - United Rental Inc's (URI.N: Quote , Profile , Research ) plan to buy back a large chunk of its outstanding shares, and largely fund the purchase with debt, sent its bonds tumbling, and as the economy slows the debt may ...



Monday, June 9, 2008

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Sunday, June 8, 2008

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Investors willing to dive into turbulent stock markets could find gems for the future, experts claimed this week. A profits warning by Bradford & Bingley , Britain's biggest buy-to-let lender, caused the shares to plunge to a fifth of their value a ...



Saturday, June 7, 2008

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Gannett Co Inc ( GCI ) Stock Quote , Chart , News , Add to Watchlist NEW YORK (AP) - A Deutsche Bank analyst said he expects newspaper advertising trends to be very weak in the second half of 2008 and expressed caution about the industry group ...


U.S. stocks on Thursday reclaimed higher ground after a three-day spiral downward, after jobless claims dropped more than forecast and Wal-Mart Stores Inc. and Costco Wholesale Corp.'s results topped expectations. "It looks like the stimulus checks ...



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NEW YORK, June 5 (Reuters) - U.S. stocks pulled back from session highs on Thursday after Standard & Poor's cut the credit ratings of bond insurers MBIA Inc (MBI.N: Quote , Profile , Research ) and Ambac Financial (ABK.N: Quote , Profile , Research ...


PARIS, June 5 (Reuters) - European stocks ended lower on Thursday, falling for a second day in a row after ECB President Jean-Claude Trichet left the door open to an interest rate hike in July. Banks were mixed, with Credit Agricole (CAGR.PA: Quote ...



Friday, June 6, 2008

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June 6 (Bloomberg) -- Sony Corp. and Sharp Corp. said sales in China may slow after the country's deadliest earthquake in 32 years sent the nation into mourning, discouraging purchases. Sony's camera sales are running 20 percent below estimates and ...



Thursday, June 5, 2008

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Shares of health care providers and service companies gained ground Thursday as strong May retail sales reports and a decline in unemployment claims lifted the market. The Dow Jones industrial average rose 160 points in afternoon trading, and the ...


NEW YORK (Reuters) - U.S. stocks rose the most in more than a month on Thursday after Wal-Mart and other retailers posted stronger-than-expected May sales and data showed a surprising fall in weekly jobless claims, spurring optimism about the economy ...



Tuesday, June 3, 2008

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BANGKOK (Thomson Financial) - Thai shares closed lower on Tuesday amid worries about the domestic political situation and soaring inflation. The market fell as foreign investors continued dumping shares in big-cap stocks, especially in the energy and ...


June 3 (Bloomberg) -- U.S. stock futures rose as oil prices declined and Toll Brothers Inc. posted better-than-estimated results, easing concern that higher fuel costs and the housing slump will reduce consumer spending. Wal-Mart Stores Inc. and ...



Sunday, June 1, 2008

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NEW YORK -(Dow Jones)- Oil's spike to $130 a barrel has yet to bother big technology stocks, and analysts say they will continue to absorb the shock better than most other sectors. Sellers of software, computers, chips and smartphone-technology ...


Dutton Associates continues its coverage of Baseline Oil & Gas (OTCBB:BOGA) maintaining a Strong Speculative Buy rating and a $1.35 price target. The 7-page report by Dutton senior analyst Richard Wolfe, CFA is available at www.jmdutton.com as well ...