International Business News - Last 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 Shares of Merrill Lynch & Co. were among the hardest hit stocks in the financial sector Thursday as investors worried about the amount of bad debt that might still be on the books of financial companies. http://www.ibtimes.com/articles/20080904/last-call-merrill-lynch-falls-with-financials.htm Thu, 04 Sep 2008 15:55:37 EDT Lehman Brothers Holdings Inc. was among the hardest hit stocks in the financial sector Thursday as investors who are worried about the fallout from bad mortgage debt focused on the company. http://www.ibtimes.com/articles/20080904/last-call-lehman-hurt-by-worries-over-financials.htm Thu, 04 Sep 2008 15:45:49 EDT Wachovia Corp. shares dropped Thursday, amid steep declines in the broader market, as an unexpected spike in jobless claims and dour retail sales reports further rattled investors. http://www.ibtimes.com/articles/20080904/last-call-wachovia-shares-plunge.htm Thu, 04 Sep 2008 15:37:37 EDT Shares of Marvell Technology Group Ltd. fell Thursday after a Deutsche Bank analyst downgraded the stock, saying he doesn't think it will rise significantly in the next six months due to some challenges the chip maker is facing. http://www.ibtimes.com/articles/20080904/last-call-marvell-falls-after-analyst-downgrade.htm Thu, 04 Sep 2008 15:34:26 EDT Shares of Piedmont Natural Gas Co. dropped Thursday after an analyst downgraded the energy services company, citing the stock's recent movement near his price target. http://www.ibtimes.com/articles/20080904/last-call-piedmont-natural-gas-tumbles.htm Thu, 04 Sep 2008 15:30:56 EDT Shares of South Financial Group Inc. surged Wednesday despite a rating downgrade by a research analyst. The rally came a day after the Southeast regional bank announced that its founder and CEO Mack Whittle will retire by year's end. The Greenville, S.C.-based company said Whittle will continue to sit on the board of directors until his term ends in 2011. http://www.ibtimes.com/articles/20080903/last-call-south-financial-shares-surge.htm Wed, 03 Sep 2008 15:55:15 EDT Shares of Shanda Interactive Entertainment Ltd. rose Wednesday after the Chinese online gaming company's second-quarter results came in ahead of analysts' estimates. http://www.ibtimes.com/articles/20080903/last-call-shanda-stock-climbs.htm Wed, 03 Sep 2008 15:41:00 EDT Shares of Gilead Sciences Inc. fell Tuesday after a Banc of America analyst downgraded the stock, saying the biotechnology company is "maturing," with prescription growth for its HIV drugs slowing. http://www.ibtimes.com/articles/20080902/last-call-gilead-sciences-slips-after-downgrade.htm Tue, 02 Sep 2008 16:26:10 EDT Shares of GT Solar Inc. dropped Tuesday as crude oil prices tumbled, though two analysts gave the solar equipment maker solid reviews. The stock fell 77 cents, or 6.1 percent, to $11.83 in afternoon trading. http://www.ibtimes.com/articles/20080902/last-call-gt-solar-shares-tumble-with-crude-oil.htm Tue, 02 Sep 2008 15:09:40 EDT Shares of International Rectifier Corp. inched lower Friday after the power chip maker rebuffed a $1.6 billion buyout bid from rival Vishay Intertechnology, saying it is too low. http://www.ibtimes.com/articles/20080829/international-rectifier-shares-inch-lower.htm Fri, 29 Aug 2008 15:21:51 EDT Shares of Cell Genesys Inc. made a modest recovery Thursday, a day after the company stopped a late-stage trial of its prostate cancer vaccine GVAX. The South San Francisco company's shares plunged almost 72 percent and hit an all-time low after Cell Genesys halted the trial because patients who received injections of GVAX were dying more often than patients who took only a standard treatment. http://www.ibtimes.com/articles/20080828/a-day-after-ending-trial-cell-genesys-moves-up.htm Thu, 28 Aug 2008 15:11:36 EDT Shares of NYSE Euronext Inc., the trans-Atlantic stock exchange operator, fell to a new low Tuesday after an analyst touted the Climate Exchange PLC, a competitor of NYSE Euronext. http://www.ibtimes.com/articles/20080826/nyse-euronext-shares-decline-to-new-year-low.htm Tue, 26 Aug 2008 15:30:10 EDT It was, indeed, a last hurrah. Sen. Edward M. Kennedy took the stage at the Democratic National Convention on Monday night for what likely was his final appearance in a familiar setting. His name itself has become the cue for an ovation from Democrats when they convene every fourth year. http://www.ibtimes.com/data/articleimgs/116056-aptopix-democratic-convention.jpg http://www.ibtimes.com/articles/20080825/analysis-on-cue-kennedy-the-draw-at-convention.htm http://www.ibtimes.com/articles/20080825/analysis-on-cue-kennedy-the-draw-at-convention.htm Mon, 25 Aug 2008 22:54:10 EDT Shares of Wells Fargo & Co. ticked higher Wednesday even as many financial stocks suffered due to ongoing concerns about the fate of mortgage finance companies Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080820/last-call-wells-fargo-shares-advance.htm Wed, 20 Aug 2008 15:28:36 EDT MasterCard Inc. shares shot higher Tuesday, then gave up most of the gain in a turbulent broader market, after reports that a Goldman Sachs analyst upgraded the stock to "Buy" from "Neutral." http://www.ibtimes.com/articles/20080819/mastercard-shares-rise-after-analyst-upgrade.htm Tue, 19 Aug 2008 15:15:42 EDT Washington Mutual Inc. shares dove Monday as investors once again fled financial stocks, leading to big losses in the broader market, on concerns over the health of the sector. http://www.ibtimes.com/articles/20080818/last-call-washington-mutual-shares-drop.htm Mon, 18 Aug 2008 15:31:46 EDT Shares of Melco Crown Entertainment Ltd., which develops and owns casinos and resorts in Macau, slipped on Friday, giving up some of the prior day's gains following the release of its second-quarter results. http://www.ibtimes.com/articles/20080815/melco-crown-shares-slip-after-prior-days-surge.htm Fri, 15 Aug 2008 16:28:48 EDT Shares of Oplink Communications Inc. jumped Friday after the fiber-optic component maker posted fiscal fourth-quarter results slightly ahead of expectations and a solid outlook for the current quarter. http://www.ibtimes.com/articles/20080815/oplink-shares-jump-after-4q-results.htm Fri, 15 Aug 2008 16:12:58 EDT Shares of Pan American Silver Corp. slipped 5 percent Thursday after the Canadian mining company lowered its 2008 silver forecast because of higher production costs. http://www.ibtimes.com/articles/20080814/pan-american-silver-stock-falls-on-lower-forecast.htm Thu, 14 Aug 2008 15:28:01 EDT Shares of utility Constellation Energy Group Inc. rebounded somewhat Wednesday after a Citigroup analyst downplayed some accounting and credit concerns that emerged in recent days and sent Constellation's shares tumbling. http://www.ibtimes.com/articles/20080813/constellation-energy-regain-some-losses-of-tuesday.htm Wed, 13 Aug 2008 18:11:39 EDT