Merck and Schering-Plough postponed the release of their second-quarter results until after markets close, citing the pending update on a study looking into whether their Vytorin cholesterol drug reduces heart-attack risk.
July 21st, 2008 | Posted in Uncategorized | Comments Off
These days, the dreaded refueling charge is nastier than ever. Here's how to avoid it.
July 21st, 2008 | Posted in Uncategorized | Comments Off
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Yahoo reached agreement with activist shareholder Icahn, under which the activist shareholder will join an expanded board in return for withdrawing a slate of his own candidates.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Yahoo reached agreement with activist shareholder Icahn, under which the activist shareholder will join an expanded board in return for withdrawing a slate of his own candidates.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Yahoo reached agreement with activist shareholder Icahn, under which the activist shareholder will join an expanded board in return for withdrawing a slate of his own candidates.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Swiss drug giant Roche Holding AG says it has offered to buy the 44% of biotech bellwether Genentech it doesn’t already own for $43.7 billion.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Hasbro Inc. reports that second-quarter net income rose from a year ago and toys tied to the “Iron Man” movie will top its expectations.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Consumers are more likely to talk about sex and the death of a loved one than they are to broach a conversation about their credit. But it might be because they just don’t understand all of it -- the credit part, that is.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The euro and yen steal the spotlight from the U.S. dollar, with the European unit rising to a record against Japan's currency.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The hottest shows of the summer are on cable, or so cable says. It may turn out that the hottest shows of the fall, the winter and the spring also are on cable television, as viewing habits evolve and regular-network programming continues to garner a smaller share of overall viewers.
July 21st, 2008 | Posted in Uncategorized | Comments Off
It wasn't smooth sailing for stocks in the first half of 2008. Is it time to jump back in?
July 21st, 2008 | Posted in Uncategorized | Comments Off
Bank of America Corp. kicks off the week on a positive note Monday with better-than-expected results, but the trading tone for financials turns muted as investors held back their enthusiasm for bank stocks.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Crude futures rise for the first time in five sessions, rebounding from last week’s biggest weekly losses, after multilateral talks over Iran’s controversial nuclear program didn't yield progress and as Tropical Storm Dolly headed into the Gulf of Mexico.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Free markets want nothing to do with the mortgage lenders. Neither should Uncle Sam.
July 21st, 2008 | Posted in Uncategorized | Comments Off
European stocks advanced on Monday, led by banks after another profit beat in the U.S. helped sentiment in the hard-hit sector.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Several GM dealers are buying stock in the company as a way to show support for the auto maker's embattled management team, and to take advantage of what they see as a good value.
July 21st, 2008 | Posted in Uncategorized | Comments Off
With markets directionless, take a wait-and- see approach until new leaders emerge.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Apple's premium email service continues to suffer from outages as the company takes another dent to its typically sterling customer-service reputation.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Europe stocks advanced on Monday, led by banks after another profit beat in the U.S. helped sentiment in the hard-hit sector.
July 21st, 2008 | Posted in Uncategorized | Comments Off
HBOS, the U.K.’s biggest mortgage lender, says shareholders had bought just 8.3% of the shares available in its 4 billion pound ($8 billion) rights issue, and underwriters were largely unsuccessful in their quest to find buyers for the remaining stock.
July 21st, 2008 | Posted in Uncategorized | Comments Off
U.S. stocks hold modest gains after Bank of America Corp.'s earnings top forecasts, giving a lift to financial shares, and Roche Holding AG offers $43.7 billion for the piece of Genentech Inc. that it doesn't already own.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Yahoo reached agreement with activist shareholder Icahn, under which the activist shareholder will join an expanded board in return for withdrawing a slate of his own candidates.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Yahoo reached agreement with activist shareholder Icahn, under which the activist shareholder will join an expanded board in return for withdrawing a slate of his own candidates.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Merck and Schering-Plough postponed the release of their second-quarter results until after markets close, citing the pending update on a study looking into whether their Vytorin cholesterol drug reduces heart-attack risk.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Tropical Storm Dolly sweeps toward the Texas coast and threatens to strengthen into a hurricane, the National Weather Service says.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Gains in the U.K. banking sector paced a rise in London on Monday as results from Bank of America offset poor take-up of the 4 billion pound ($8 billion) share offer by top British mortgage lender HBOS.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The U.S. economy remains stuck in limbo, six months into a downturn that shows no signs of improvement.
July 21st, 2008 | Posted in Uncategorized | Comments Off
German software company SAP said it will wind down its TomorrowNow subsidiary, a business that was accused by U.S. rival Oracle of stealing proprietary information.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Texas Instruments Inc. expects to report slightly higher revenue as the chip giant struggles with a weaker market and the fallout from more competition in the cell phone arena.
July 21st, 2008 | Posted in Uncategorized | Comments Off
An emerging breed of directors who reach out to shareholders must tread a fine line between sympathetic listener and management apologist, while taking care not to violate U.S. rules against selective disclosure.
July 21st, 2008 | Posted in Uncategorized | Comments Off
U.S. presidential candidate Barack Obama’s overseas tour this week might be designed to burnish his foreign policy credentials in the eyes of U.S. voters, but it will also give European leaders a chance to gauge the presumptive Democratic nominee’s stance on economic issues.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Shares of LM Ericsson, Ciena Corp. and Embarq Corp. top telecom charts on Monday as most industry stocks move higher.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Some home improvements pay for themselves when you sell your home. Others don't.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The Australian operator of medical clinics decides that the pills business it acquired with Symbion Health is not a fit, so it is selling it on to Sanofi-Aventis for $546.6 million.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Bank of America posted a 41% decrease in second-quarter net income, as the largest U.S. retail bank became the latest lender to post results exceeding Wall Street expectations. Write-downs were $1.22 billion, down from $2.81 billion in the first quarter.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Bank of America posted a 41% decrease in second-quarter net income, as the largest U.S. retail bank became the latest lender to post results exceeding Wall Street expectations. Write-downs were $1.22 billion, down from $2.81 billion in the first quarter.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Weatherford International's second-quarter net income rises on robust business by the oil services firm, following on the heels of a strong performance by sector leader Schlumberger Ltd.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Yahoo reached agreement with activist shareholder Icahn, under which the activist shareholder will join an expanded board in return for withdrawing a slate of his own candidates.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Technology stocks put in a mixed performance Monday, highlighted by a peace deal between Yahoo Inc. and dissident shareholder Carl Icahn and by Electronic Arts Inc.’s extension of its offer for Take-Two Interactive Software for a fifth time.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Yahoo agrees to add dissident shareholder Carl Icahn to its board, sidestepping an all-out battle for control of the Internet company.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The economy may weaken further this year, an economist with the Conference Board says on a report that a key gauge of the economy dipped slightly in June.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Maybe the Federal Communications Commission now owes singer Janet Jackson an apology, too.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Satyam's net profit rose 45% in its fiscal first quarter on higher outsourcing orders. But the software exporter's share prices slumped because it hired fewer employees and didn't increase its annual revenue forecast in dollar terms.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Israel stocks rise strongly, helped by broker upgrades at Israel Chemicals and at Teva Pharmaceutical in the wake of its bid to acquire Barr Pharmaceuticals.
July 21st, 2008 | Posted in Uncategorized | Comments Off
A July 21 MarketWatch currency report incorrectly stated Bank of America’s second-quarter financial results. The company had a smaller-than-expected drop in second-quarter profit.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The Conference Board's index of leading economic indicators pointed to a further slide in activity in June, extending an unexpected decline the previous month.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Midwest Air Group Inc., struggling to stave off a bankruptcy filing, said it will trim its schedule from Sept. 8 by cutting service to several airports and routing two previously nonstop West Coast fights from Milwaukee via Kansas City, Mo.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Virgin Mobile is revamping its controversial Web ad campaign "Strip2Clothe," which encouraged people to send videos of themselves undressing. The revised version is a new look for a company that rarely blinks in the face of controversy.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Wipro posted a 25% increase in first-quarter net profit and forecast weak revenue growth for its information-technology services in the current quarter because of the U.S. economic slowdown.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Those who place the right bets on solar energy could make a fortune — but use caution.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Is now a good time to borrow against my 401(k) to pay off other loans?
July 21st, 2008 | Posted in Uncategorized | Comments Off
The financial sector was all but untouchable until recent days. What should you grab?
July 21st, 2008 | Posted in Uncategorized | Comments Off
Study shows fund managers with alumni ties to executives get more return on stocks.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Investors in 3M Co. expect growth when the conglomerate reports its second-quarter results later this week, but they’ll also be looking for signs of weakness in its industrial and consumer products markets.
July 21st, 2008 | Posted in Uncategorized | Comments Off
AT&T is expected to show a faster drop-off in landlines and weakness in its wireless business when it posts quarterly earnings Wednesday.
July 21st, 2008 | Posted in Uncategorized | Comments Off
AT&T is expected to show a faster drop-off in landlines and weakness in its wireless business when it posts quarterly earnings Wednesday.
July 21st, 2008 | Posted in Uncategorized | Comments Off
AT&T is expected to show a faster drop-off in landlines and weakness in its wireless business when it posts quarterly earnings Wednesday.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Tribune was expecting offers from as many as nine separate groups looking to acquire the Chicago Cubs. Two bids had come in from major financial players in Chicago and another came from a New York group.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Nokia has filed a complaint, alleging Qualcomm is overcharging for royalties on their cellphone chips. Nokia contends it has a paid-up license for the most important patents, and that the rest are worth much less.
July 21st, 2008 | Posted in Uncategorized | Comments Off
NEW YORK (MarketWatch) -- Yahoo Inc. on Monday agreed to add dissident shareholder Carl Icahn to its board, sidestepping an all-out battle for control of the Internet company.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Bank of America Corp., joining the ranks of other U.S. banking giants, posts a lower second-quarter profit that nonethelesss tops analysts' average estimate.
July 21st, 2008 | Posted in Uncategorized | Comments Off
UnionBanCal's second-quarter net income fell 15% amid significant increases in credit-loss provisions. But the lender boosted its full-year earnings outlook and projected third-quarter profits above analysts' expectations.
July 21st, 2008 | Posted in Uncategorized | Comments Off
UnionBanCal's second-quarter net income fell 15% amid significant increases in credit-loss provisions. But the lender boosted its full-year earnings outlook and projected third-quarter profits above analysts' expectations.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Because of a scientific presentation on their controversial cholesterol therapy Vytorin, blue chip Merck and fellow drugmaker Schering-Plough have postponed the release of their respective quarterly results until after the close of trading Monday.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Lack of shareholder interest leaves underwriters Morgan Stanley and Dresdner Kleinwort in a pickle.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Mervyn’s LLC may be forced to file for Chapter 11 bankruptcy protection as early as this month if the California department-store chain fails to persuade its suppliers to ship products for the back-to-school season, according to a published report.
July 21st, 2008 | Posted in Uncategorized | Comments Off
U.S. stock futures on Monday advanced as Bank of America joined peers in beating analyst estimates, with the pharmaceutical sector also in the spotlight as Roche Holdings bid close to $44 billion for the stake it doesn't own in Genentech.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Hasbro's net income surged amid year-earlier charges, as the toy maker saw continuing success in toys tied to films such as "Iron Man" and the latest "Indiana Jones" sequel, as well as strength in its core brands.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Hasbro's net income surged amid year-earlier charges, as the toy maker saw continuing success in toys tied to films such as "Iron Man" and the latest "Indiana Jones" sequel, as well as strength in its core brands.
July 21st, 2008 | Posted in Uncategorized | Comments Off
It will take some delicate managerial skills on Roche Holding’s part if the Swiss drug maker hopes to squeeze costs out of its Genentech Inc. deal without stifling the innovation that’s been a hallmark of the company.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Bank of America posted a 41% decrease in second-quarter net income, as the largest U.S. retail bank became the latest big bank to post results above analysts' expectations, pushing its shares higher in premarket trading.
July 21st, 2008 | Posted in Uncategorized | Comments Off
U.S. stock futures on Monday advanced as Bank of America joined peers in beating analyst estimates, with the pharmaceutical sector also in the spotlight as Roche Holdings bid close to $44 billion for the stake it didn’t own in Genentech and as Merck and Schering-Plough were due to release a study on a key cholesterol drug.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Michael Klein, a 23-year veteran at Citigroup who has been chairman of the firm's institutional clients group, has decided to leave the company.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Michael Klein, a 23-year veteran at Citigroup who has been chairman of the firm's institutional clients group, has decided to leave the company.
July 21st, 2008 | Posted in Uncategorized | Comments Off
European stocks were slightly higher as gains from mining companies and utilities outstripped losses from media groups and insurers.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Tysabri, a potent drug for multiple sclerosis and Crohn's disease, is shaping up for blockbuster status two years after its relaunch. Biogen's CEO predicted sales would pass $1 billion a year on an annualized basis by the end of 2008.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The company beats the Street, keeps its dividend and says it won't guarantee Countrywide bonds.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The Vietnamese government reportedly is ordering increases in prices for gasoline and other fuels, risking a further boost to inflation.
July 21st, 2008 | Posted in Uncategorized | Comments Off
U.S. policy makers are at a crossroads in a long-running debate about how to police financial markets. The approach of relying on market discipline has failed, but finding a workable alternative won't be easy.
July 21st, 2008 | Posted in Uncategorized | Comments Off
HONG KONG (MarketWatch) -- Asian markets Monday jumped on the back of a leap in the region's financials as Citigroup's better-than-expected quarterly results eased worries about the health of the U.S. banking sector.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Shares in U.K.-listed satellite network operator Inmarsat fell as much as 15% Monday after it ended deal talks with Harbinger Capital Partners, though negotiations could start up again if the hedge fund can get the necessary regulatory approval.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Market gyrations are shaking up longstanding trading relationships between different types of financial assets.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Market gyrations are shaking up longstanding trading relationships between different types of financial assets.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The FDIC was among lenders giving out high-interest, subprime mortgages, some of them predatory, according to federal documents.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The U.K. bank reported to have held talks with China Investment Corp. over the possibility of the sovereign fund investing in it, which could help it list in Shangai.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Asian markets ended sharply higher, as concerns over the financial sector eased and crude-oil prices retreated. Hong Kong and Shanghai both rose 3% while Seoul closed up 3.4%. Japan was closed for a holiday.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The FDIC was among lenders giving out high-interest, subprime mortgages, some of them predatory, according to federal documents.
July 21st, 2008 | Posted in Uncategorized | Comments Off
British bank HBOS said only 8.29% of shareholders subscribed to its $7.99 billion rights issue, a result that could discourage underwriters from taking on future financial services capital increases.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Australia's Primary Health Care agreed to sell its vitamin-making unit to French drug maker Sanofi-Aventis for $543.4 million.
July 21st, 2008 | Posted in Uncategorized | Comments Off
The Bank of England must cut interest rates rapidly or the United Kingdom might face a slump worse than the U.S. downturn, says David Blanchflower, a member of the bank’s rate-setting Monetary Policy Committee.
July 21st, 2008 | Posted in Uncategorized | Comments Off
A widening array of businesses are finding it tough to get credit, and individuals could soon find it harder to get a loan as well.
July 21st, 2008 | Posted in Uncategorized | Comments Off
A widening array of businesses are finding it tough to get credit, and individuals could soon find it harder to get a loan as well.
July 21st, 2008 | Posted in Uncategorized | Comments Off
LG Electronics said its second-quarter net profit surged because of strong sales of handsets and flat-screen TVs, as well as hefty gains from its investment in LG Display.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Shares of Reliance Communications advance Monday, after the Indian mobile operator say they are unable to conclude a deal with South Africa's MTN Group due to "certain legal and regulatory issues."
July 21st, 2008 | Posted in Uncategorized | Comments Off
Goldman Sachs' most senior financial-institutions banker, Ken Wilson, is temporarily leaving the firm to advise Treasury Secretary Henry Paulson on how to resolve the country's banking crisis.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Goldman Sachs' most senior financial-institutions banker, Ken Wilson, is temporarily leaving the firm to advise Treasury Secretary Henry Paulson on how to resolve the country's banking crisis.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Starbucks' disclosure of the 600 locations it wants to shutter has given rise to a phenomenon: the Save Our Starbucks campaign. Across the nation, customers and city officials are pleading with the coffee giant to change its mind.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Mervyn's is fighting for its survival as some vendors have halted shipments to the retail chain and a key lender has pulled financing.
July 21st, 2008 | Posted in Uncategorized | Comments Off
Mervyn's is fighting for its survival as some vendors have halted shipments to the retail chain and a key lender has pulled financing.
July 21st, 2008 | Posted in Uncategorized | Comments Off
