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US bank earnings rose this winter to 5-year high

admin — Thu, 24 May 2012 16:14:46 +0000

U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.The mostly positive first-quarter ...

US bank earnings rose this winter to 5-year high

admin — Thu, 24 May 2012 14:13:35 +0000

U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years. The number of troubled banks fell for the fourth straight quarter.

TEXT-S&P summary:Starhill Global Real Estate Investment Trust

admin — Thu, 24 May 2012 11:17:31 +0000

(The following statement was released by the rating agency) May 24 - =============================================================================== Summary analysis -- Starhill Global Real Estate Investment Trust -- 24-May-2012 =============================================================================== CREDIT RATING: BBB/Stable/-- Country: Singapore =============================================================================== Credit Rating History: Local currency Foreign currency 28-Oct-2009 BBB/-- BBB/-- =============================================================================== ...

Stock index futures point to lower start

admin — Thu, 24 May 2012 08:50:34 +0000

(Reuters) - Stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500 and the Dow Jones down 0.4 percent, while Nasdaq 100 contracts had shed 0.5 percent at 0827 GMT. European shares edged lower and the euro hit a fresh 22-month low against the dollar after surveys showed the region's major economies suffered a contraction in their manufacturing activities and the German business climate deteriorated. ...

Morgan Stanley, others make $100 mln profit on Facebook trades – WSJ

admin — Thu, 24 May 2012 07:11:44 +0000

REUTERS - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing, envisioned as a crowning moment for an eight-year-old company that has become a business and cultural phenomenon, has instead turned into a legal and public relations fiasco for the company and its lead underwriter, Morgan Stanley. ...

Morgan Stanley, others make $100 million profit on Facebook trades -WSJ

admin — Thu, 24 May 2012 05:58:17 +0000

(Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing, envisioned as a crowning moment for an eight-year-old company that has become a business and cultural phenomenon, has instead turned into a legal and public relations fiasco for the company and its lead underwriter, Morgan Stanley. ...

Facebook, JPMorgan gaffs erode faith in Wall St.

admin — Thu, 24 May 2012 04:14:32 +0000

Wall Street appears bent on convincing Main Street that the game is rigged.Investor anger is mounting over the initial public offering of Facebook stock last week, which was fumbled by the banks that managed ...

Facebook, JPMorgan gaffs erode faith in Wall St.

admin — Thu, 24 May 2012 04:14:32 +0000

Wall Street appears bent on convincing Main Street that the game is rigged.

Europe weighs on NetApp’s outlook, stock slumps

admin — Wed, 23 May 2012 22:41:22 +0000

SAN FRANCISCO (Reuters) - NetApp Inc on Wednesday forecast revenue below Wall Street's expectations and its chief executive warned of uncertainty in Europe, sending the data storage equipment maker's shares down 18 percent in after-hours trade.

Late rally lifts Wall Street into close

admin — Wed, 23 May 2012 20:05:39 +0000

NEW YORK (Reuters) - Stocks staged a late-day reversal on Wednesday, rallying into the close as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. The Dow Jones industrial average was down 6.74 points, or 0.05 percent, to end unofficially at 12,496.07. But the Standard & Poor's 500 Index was up 2.22 points, or 0.17 percent, to finish unofficially at 1,318.85. The Nasdaq Composite Index was up 11.04 points, or 0.39 percent, to close unofficially at 2,850.12. (Reporting by Ryan Vlastelica; Editing by Jan Paschal)