International Business News - SNV 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 Among the premarket stories for Wednesday, Dec. 3, from AP Financial News: NEW YORK (AP)--The restructuring plans submitted to Congress by the U.S. automakers contain several moves essential to returning the companies to profitability, but aren't without their own risks, analysts said. http://www.ibtimes.com/articles/20081203/premarket-roundup-automakers-investment-banks.htm Wed, 03 Dec 2008 09:31:24 EST Credit losses at regional banks will probably grow until late 2009, a JPMorgan Chase & Co. analyst said Wednesday as he slashed his estimates for the group. http://www.ibtimes.com/articles/20081203/ahead-of-the-bell-regional-banks.htm Wed, 03 Dec 2008 08:02:46 EST Among the premarket stories for Tuesday, Nov. 25, from AP Financial News: NEW YORK (AP)--An analyst increased his loss estimate for General Motors Corp., saying the automaker faces reduced profits at home and abroad amid the collapse in vehicle sales. http://www.ibtimes.com/articles/20081125/premarket-roundup-general-motors-wal-mart.htm Tue, 25 Nov 2008 09:29:10 EST Higher assessments fees from the Federal Deposit Insurance Corp. could pressure earnings and expenses at banks like Synovus Financial Corp., Hudson City Bancorp Inc. and Astoria Financial Corp., an analyst said Tuesday. http://www.ibtimes.com/articles/20081125/ahead-of-the-bell-fdic-fee-hike-may-affect-banks.htm Tue, 25 Nov 2008 11:08:25 EST Synovus Financial Corp. said Friday it plans to issue stock and warrants to the Treasury Department for a $973 million capital infusion under the federal government's bank rescue plan. http://www.ibtimes.com/articles/20081114/synovus-to-get-973m-infusion-under-bailout-plan.htm Fri, 14 Nov 2008 18:15:10 EST An analyst said Thursday some regional banks are in danger of needing to cut their dividends to meet guidelines set forth by regulators about how banks should manage those payouts. http://www.ibtimes.com/articles/20081113/ahead-of-the-bell-bank-dividends-under-pressure.htm Thu, 13 Nov 2008 09:12:59 EST Shares of regional banks slid Tuesday amid more signs of weakness in the financial sector and a string of bleak corporate earnings reports. Losses piled up in the broader market as third-quarter reports from companies such as coffee retailer Starbucks Corp. and home builder Toll Brothers Inc. sent a strong signal to investors that few industries are immune to a sharp pullback in consumer spending. http://www.ibtimes.com/articles/20081111/sector-snap-regional-bank-stocks-fall.htm Tue, 11 Nov 2008 14:47:55 EST Most regional bank stocks followed the broader market down on Thursday, continuing a descent that began in the previous session, as concerns over the economy once again permeated Wall Street. http://www.ibtimes.com/articles/20081106/sector-snap-regional-bank-stocks-mostly-fall.htm Thu, 06 Nov 2008 13:12:58 EST Shares of regional banks mostly fell Friday--a day of deep declines in the broader market--as concerns about a potential global economic recession weighed on investors. http://www.ibtimes.com/articles/20081024/sector-snap-regional-bank-stocks-mostly-fall.htm Fri, 24 Oct 2008 16:03:20 EDT Among the earnings stories for Friday, Oct. 24, from AP Financial News: DEERFIELD, Ill. (AP)--Fortune Brands Inc. said Friday third-quarter profit rose 61 percent, boosted by gains and sales growth of brands such as Jim Beam and Maker's Mark. http://www.ibtimes.com/articles/20081024/earnings-roundup-fortune-brands-varian-medical.htm Fri, 24 Oct 2008 11:12:56 EDT Regional bank Synovus Financial Corp., said Thursday evening it swung to a loss during the third quarter as it increased its reserves for loan losses. http://www.ibtimes.com/articles/20081024/synovus-swings-to-3q-loss-on-loan-losses.htm Fri, 24 Oct 2008 09:27:45 EDT Shares of regional banks faltered Thursday as investors fled financial stocks amid more signs of a weakening economy. The Labor Department reported Thursday that new applications for unemployment benefits rose 15,000 last week to a seasonally adjusted 478,000. Jobless claims above 400,000 are considered a sign of recession. http://www.ibtimes.com/articles/20081023/sector-snap-regional-bank-stocks-fall.htm Thu, 23 Oct 2008 14:56:14 EDT Among the stock activity stories for Monday, Oct. 20, from AP Financial News: NEW YORK (AP)--Shares of flash memory maker SanDisk Corp. fell Monday ahead of an earnings report that analysts expect to show ample evidence of a slowdown in consumer spending. http://www.ibtimes.com/articles/20081020/movers-roundup-sandisk-synovus-financial.htm Mon, 20 Oct 2008 14:13:57 EDT Synovus Financial Corp. shares dove Monday after a Citi Investment Research analyst cut his full-year profit estimate due to expectations for higher credit costs and near-term pressure on the bank's capital levels. http://www.ibtimes.com/articles/20081020/synovus-shares-falter-as-analyst-cuts-estimate.htm Mon, 20 Oct 2008 19:07:33 EDT Shares of most regional banks advanced Tuesday as investors were encouraged by the government's plan to buy stakes in banks--an effort designed to revitalize crippled credit markets and boost confidence in the market. http://www.ibtimes.com/articles/20081014/sector-snap-regional-bank-stocks-rally.htm Tue, 14 Oct 2008 11:32:58 EDT Morgan Keegan analyst Robert Patten on Tuesday upgraded the shares of a handful of regional banks, based on the view that the federal government's plan to buy shares in banks will significantly boost the ailing financial sector. http://www.ibtimes.com/articles/20081014/ahead-of-the-bell-analysts-upgrade-regional-banks.htm Tue, 14 Oct 2008 09:25:56 EDT Bank stocks fell Thursday amid news that the Bush administration is considering taking part ownership in a number of U.S. banks in its continued effort to help prop up ailing financial institutions. http://www.ibtimes.com/articles/20081009/sector-snap-bank-stocks-mostly-fall.htm Thu, 09 Oct 2008 17:46:29 EDT Shares of regional banks fell sharply Friday after the Federal Deposit Insurance Corp. seized WaMu, one of the nation's largest banks, and markets remained tense as the government's $700 billion bailout plan hit a serious roadblock. http://www.ibtimes.com/articles/20080926/sector-snap-regional-bank-stocks-tumble.htm Fri, 26 Sep 2008 11:53:16 EDT Shares of regional banks lacked direction Wednesday as news of Goldman Sachs' successful capital raising efforts was not enough to quell anxiety among investors awaiting details of the government's bank rescue plan. http://www.ibtimes.com/articles/20080924/sector-snap-regional-bank-stocks-lack-direction.htm Wed, 24 Sep 2008 13:42:11 EDT Financial services company Synovus on Thursday named Mark G. Holladay to the newly created position of chief risk officer. Holladay was most recently chief credit officer for the Columbus, Ga.-based company. He will be replaced in that role by Kevin J. Howard. Howard was formerly senior vice president and credit manager. http://www.ibtimes.com/articles/20080918/synovus-names-new-executives.htm Thu, 18 Sep 2008 16:21:10 EDT