International Business News - CRP http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere. http://www.ibtimes.com/articles/20080828/sears-2q-profit-drops-62-percent.htm Thu, 28 Aug 2008 16:37:19 EDT Wall Street ended mixed Tuesday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence. Comments from the Federal Reserve about rising inflation added to the market's uneasiness. http://www.ibtimes.com/data/articleimgs/116289-specialist.jpg http://www.ibtimes.com/articles/20080826/stocks-poised-higher-ahead-home-sales-data.htm http://www.ibtimes.com/articles/20080826/stocks-poised-higher-ahead-home-sales-data.htm Tue, 26 Aug 2008 17:36:08 EDT Credit Suisse Group said Tuesday it has acquired a majority stake in U.S.-based company Asset Management Finance Corporation for $384 million of newly issued Credit Suisse stock. http://www.ibtimes.com/articles/20080826/credit-suisse-buys-majority-stake-in-us-based-amf.htm Tue, 26 Aug 2008 07:10:07 EDT National bank stocks fell Monday as losses in the financial sector drove the Dow Jones industrial average down more than 200 points. AIG shares plunged--weighing on the broader market--after a Credit Suisse analyst cut his price target on the stock and Fitch Ratings warned that it might cut its ratings on the insurer. http://www.ibtimes.com/articles/20080825/sector-snap-shares-of-national-banks-tumble.htm Mon, 25 Aug 2008 15:38:45 EDT Shares of regional banks tumbled Monday, along with the broader market, as concerns over the credit ratings of American International Group Inc. weighed on financial stocks. http://www.ibtimes.com/articles/20080825/sector-snap-regional-bank-stocks-fall.htm Mon, 25 Aug 2008 15:33:28 EDT Among the stock activity stories for Monday, Aug. 25, from AP Financial News: NEW YORK (AP)--Shares of Healthways Inc. plunged more than 20 percent Monday after the disease-management program administrator set first-quarter profit guidance below Wall Street forecasts because of contract losses and renegotiations. http://www.ibtimes.com/articles/20080825/movers-roundup-healthways-aig.htm Mon, 25 Aug 2008 14:21:29 EDT Shares of Regions Financial Corp. fell Monday as the broader market was led lower on concerns surrounding American International Group Inc. Regions shares lost 30 cents, or 3.5 percent, to $8.18. Shares are down 65 percent for the year. http://www.ibtimes.com/articles/20080825/regions-financial-shares-fall-with-rest-of-markets.htm Mon, 25 Aug 2008 17:03:27 EDT Shares of major insurance companies traded lower Monday, dragged down by bearish comments on American International Group Inc. and the fallout from Tropical Storm Fay. http://www.ibtimes.com/articles/20080825/sector-snap-insurance-stocks-fall-led-by-aig.htm Mon, 25 Aug 2008 12:20:02 EDT Shares of American International Group Inc. hit their lowest point in 13 years on Monday as a Credit Suisse analyst cut his price target on the world's largest insurer and a possible downgrade from a ratings agency looms. http://www.ibtimes.com/articles/20080825/aig-shares-slip-as-credit-suisse-trims-estimates.htm Mon, 25 Aug 2008 17:56:07 EDT Credit Suisse Securities USA, a unit of Swiss-based financial services firm Credit Suisse Group, spent $520,000 in the second quarter lobbying the U.S. government on mortgage reforms and other issues, according to a recent disclosure form. http://www.ibtimes.com/articles/20080825/credit-suisse-spent-520-000-lobbying-in-2q.htm Mon, 25 Aug 2008 09:47:07 EDT Stocks sank in light trading Monday as worries about American International Group Inc. touched off broader concerns that the deterioration of the credit markets will bring more big losses for financial companies. http://www.ibtimes.com/data/articleimgs/115738-wall-street.jpg http://www.ibtimes.com/articles/20080825/wall-street-heads-for-moderately-lower-open.htm http://www.ibtimes.com/articles/20080825/wall-street-heads-for-moderately-lower-open.htm Mon, 25 Aug 2008 18:59:36 EDT Intuit Inc. shares rose Friday after the tax preparation and money management software company posted fiscal fourth-quarter results that met Wall Street expectations, and offered a full-year forecast that topped analyst views. http://www.ibtimes.com/articles/20080822/intuit-rises-on-4q-results-solid-2009-guidance.htm Fri, 22 Aug 2008 18:49:39 EDT Among the stock activity stories for Thursday, Aug. 21, from AP Financial News: NEW YORK (AP)--Shares of Limited Brands Inc. rose on Thursday, after the operator of Victoria's Secret and Bath & Body Works reported second-quarter results ahead of expectations. http://www.ibtimes.com/articles/20080821/movers-roundup-limited-brands-citi-trends.htm Thu, 21 Aug 2008 15:12:37 EDT Shares of oil tanker company Teekay Corp. climbed in Thursday after a Credit Suisse analyst upgraded the stock, saying the shares are too cheap. Analyst Gregory Lewis raised Teekay to "Outperform" from "Neutral." He said the stock dropped about 25 percent in the last month and was trading at a three-year low. http://www.ibtimes.com/articles/20080821/teekay-corp-shares-higher-on-upgrade.htm Thu, 21 Aug 2008 11:15:40 EDT Saudi Arabia has decided to give outsiders limited access to the country's stock market--a move that could open up the Middle East's largest exchange to increased foreign investment. http://www.ibtimes.com/articles/20080821/saudi-move-clears-way-for-outside-investment.htm Thu, 21 Aug 2008 11:21:15 EDT Tycoon Li Ka-shing's conglomerate Hutchison Whampoa Ltd. reported a 63 percent drop in first-half earnings Thursday, but still beat expectations thanks to shrinking telecom losses and better income from its energy and port businesses. http://www.ibtimes.com/articles/20080821/hutchison-whampoa-1h-net-profit-drops-63-percent.htm Thu, 21 Aug 2008 07:39:02 EDT Britain's competition watchdog said it may force airports operator BAA to sell three of its seven airports around the country--including two in London--following fierce criticism of the company for poor customer service, overcrowding and long delays. http://www.ibtimes.com/data/articleimgs/112459-aptopix-britain-protest.jpg http://www.ibtimes.com/articles/20080820/watchdog-baa-should-sell-3-of-its-7-uk-airports.htm http://www.ibtimes.com/articles/20080820/watchdog-baa-should-sell-3-of-its-7-uk-airports.htm Wed, 20 Aug 2008 10:23:09 EDT Consol Energy Inc. shares jumped Tuesday with a number of investors searching for bargains after a two-month decline in commodity stocks. In addition oil, which often plays heavily across all energy markets, jumped back above $114 barrel. http://www.ibtimes.com/articles/20080819/consol-shares-up-with-some-seeing-bargains.htm Tue, 19 Aug 2008 18:47:41 EDT Home improvement stocks were mixed on Monday, after Lowe's Cos. Inc.'s better-than-expected profit results suggested to some investors that the company is making market share gains at the expense of rivals such as Home Depot Inc. and Sears Holding Corp. http://www.ibtimes.com/articles/20080818/home-improvement-stocks-mixed.htm Mon, 18 Aug 2008 13:27:02 EDT Airports operator BAA Ltd. said Monday that it had successfully completed the refinancing of some 13.3 billion pounds ($24.8 billion) of debt in the biggest transaction of its kind--just days before Britain's antitrust regulator is tipped to recommend the sale of one or more of its seven airports. http://www.ibtimes.com/articles/20080818/baa-completes-debt-refinancing.htm Mon, 18 Aug 2008 12:28:20 EDT