Result Page 1009 for Latest Markets / Finance News & Archive

Morgan Stanley to raise capital for hedge fund clients

Morgan Stanley has launched a new global initiative to raise capital for hedge fund clients in return for a fee, a company spokesman said.

American Express, Capital One earnings beat forecasts

American Express Co and Capital One Financial Corp both reported better than forecast fourth quarter earnings, but expressed concern about the growth outlook for credit cards.

India may set up a gold exchange

Will India have a gold exchange soon? It looks so, if a recommendation from an apex bullion body in India is any indication. A FICCI-Technopak Knowledge Report called Unlocking the Potential of India's Gems & Jewellery Sector has called for setting up of a gold exchange in the country to drive the gold industry in India.

Facebook to build Mega data center in Prineville

Facebook Inc. has confirmed on Thursday it will build a 147,000-square-foot data center in Prineville, Oregon.

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Buffett's new baby BNSF beats Wall St

Burlington Northern Santa Fe Corp , the No. 2 U.S. railroad, posted stronger-than-expected earnings on Thursday, lifted by improving volumes, and the company said it expected the freight recovery to continue in 2010.

Airbus, buyers adjourn tough A400M talks

Airbus and seven European NATO nations adjourned crucial talks over the troubled A400M military transporter plane until Friday and a source close to the talks said they remained far apart on a possible rescue package.

American Express earnings rise

American Express Co posted much higher fourth quarter profit, helped by rising consumer spending and lower credit losses.

Wall St drops on Obama bank limits plan

Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.

Blockbuster shares, bonds tumble on forecast

Shares of Blockbuster Inc fell sharply on Thursday, a day after the U.S. video rental chain said it had a weaker-than-expected holiday season, fueling concerns about its viability.

Google Q4 profit surges to $1.97B

Google Inc. announced on Thursday its fourth-quarter net income of $1.97 billion, or $6.13 a share, compared to $382 million, or $1.21 a share in the same period last year.

Clinton urges Internet freedom, condemns cyber attacks

U.S. Secretary of State Hillary Clinton on Thursday called for an unfettered worldwide Internet and urged global condemnation of those who conduct cyber attacks, as China sought to contain tension with the United States over the hacking and censorship of Google.

Daily Forecast - 22/1/2010

The Aussie dollar bounced back from sub 91 cents to a 0.9135 in Asia yesterday with the release of Chinese economic data which signalled a strong performance in Q4 2009 and indeed throughout the calendar year.

Market sinks as Obama takes aim at banks

Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.

Jobless claims up, regional manufacturing dips

The number of U.S. workers newly applying for unemployment benefits unexpectedly rose last week and regional manufacturing slipped in January, hinting at some slowing in the pace of economic recovery.

Google boosts fourth-quarter revenue

Google Inc's fourth-quarter revenue grew 17 percent, beating Wall Street expectations, as advertisers and Web surfers turned to the Internet search engine during the holiday shopping season.

Stocks close lower on Obama proposal, despite strong earnings

The S&P 500 index fell on Wednesday as stocks declined following President Barack Obama's announcement of his proposal for new bank regulations.

Blockbuster shares, bonds down on forecast

Shares of Blockbuster Inc tumbled 32 percent on Thursday, a day after the U.S. video rental chain announced a disappointing forecast and as concerns grew about its future viability.

Goldman trims pay, posts profit as shares fall

Goldman Sachs Group Inc , under fire for gold-plated pay packages, cut average pay per employee by about a quarter from record 2007 levels, helping boost its profit to a record.

Blockbuster shares tumble 32 percent on forecast

Shares of Blockbuster Inc tumbled 32 percent on Thursday, a day after the U.S. video rental chain announced a disappointing forecast and as concerns grew about its future viability.

Stocks fall as Obama takes aim at banks

U.S. stocks dropped on Thursday as President Barack Obama took a tough stance on financial institutions, proposing rules to make the system safer by preventing the biggest banks from taking excessive risks.

Stock market fall as Obama takes aim at banks

U.S. airlines beat Wall Street but investors eye outlook

Continental Airlines Inc and Southwest Airlines Co results topped Wall Street estimates as more people booked flights and ticket prices rose, but the airlines said Thursday the path to recovery would be rough.

EA tees off on Tiger Woods console game in June

Video game publisher Electronic Arts Inc said on Thursday it will introduce the next version of its Tiger Woods console video game in June despite the star golfer's public relations nightmare and decline in popularity following his adultery scandal.

Obama proposes new risk rules for banks, shares dive

President Barack Obama proposed stricter limits on financial institutions' risk-taking on Thursday in a new populist-tinged move that sent bank shares tumbling and aimed to shore up the president's political base.

S&P 500 lower on commodities, financial stocks after Obama bank restrictions

The Dow Jones Industrial average was down nearly 2 percent on Wednesday as commodities and financial stocks fell following President Barack Obama's announcement that he would seek further curb big banks.

Wall St tumbles on Obama banking proposal

Wall Street tumbled on Thursday after President Barack Obama proposed rules aimed at making the financial system safer by preventing the biggest banks from taking excessive risks.

Senate won't vote on Bernanke this week: aide

The U.S. Senate will not vote this week on whether to confirm Federal Reserve Chairman Ben Bernanke for a second four-year term, a Democratic party aide said, raising the risks that time will run out to confirm Bernanke before his current term expires.

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