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Monday, December 21st, 20091-800-FLOWERS (FLWS) Initial Recommendation – Neutral – Analyst rating from Global Hunter Securities
Monday, December 21st, 2009Business Week : 2010 Investment Outlook
Saturday, December 19th, 2009After a long, hard day of conquering the world, Chinese industrialists toast deals with Scotch whisky. This is an opportunity for London-based Diageo (DEO), the world’s largest distiller. – Figure out where wealth is being produced in the world and grab a piece of it, whether that’s in China or Brazil or the U.S. Don’t [...]
Seven U.S. banks closed by regulators; failures at 140
Saturday, December 19th, 2009RockBridge Commercial Bank had roughly $294 million in assets and $291.7 million in deposits as of Sept. 30. Its failure will cost the federal deposit-insurance fund $124.2 million, the regulator said. RockBridge Commercial Bank had roughly $294 million in assets and $291.7 million in deposits as of Sept. 30. Its failure will cost the federal [...]
An Options Twist On Stock-Buyback Plans
Friday, December 18th, 2009Goldman Sachs, which recently studied this issue, is telling clients to start thinking of buyback programs as a persistent bid supporting stocks that can be exploited by selling puts. The study, authored by Anthony Carpet, Laura Conigliaro, Robert Boroujerdi, Maria Grant and Deep Mehta, concludes that selling puts is an attractive way to buy stock, [...]
Kapitalvorschriften lockerer als befürchtet
Wednesday, December 16th, 2009Ein Grund für die kleine Rally dürfte ein Artikel in der japanischen Finanzzeitung «Nikkei» liefern: Dort heisst es, dass die Bankenaufsichtsbehörden bald die neuen Richtlinien für Eigenkapitalanforderungen veröffentlichen werden – konkret die Bank für Internationalen Zahlungsausgleich BIZ in Basel. In dem Artikel werden brisante Details gemeldet: Den Banken soll eine lange Übergangsphase von über zehn [...]
New York Times – 10 Stocks for 2010: Buy-and-Hold Picks From Top Investors
Monday, December 14th, 2009Oracle John W. Ballen MFS Emerging Growth Fund ”Oracle is a stock we have owned for 10 years, so it would be a 20-year hold,” he said. Mr. Ballen, who manages the $19 billion MFS Emerging Growth fund, has fairly basic criteria for buying and holding a stock. ”You want a company with a dominant [...]
Fortune – 10 best stocks for 2010 – Renhe 1387:HK
Monday, December 14th, 2009The Harbin-based company develops air-raid shelters in China — on behalf of the Chinese government — that double as underground shopping bazaars. A Bank of America/Merrill Lynch report predicts that earnings will leap by nearly 100% in 2009 before moderating to about 30% growth for the next two years. Despite these gaudy results, the shares [...]
Fortune – 10 best stocks for 2010 – Vornado VNO
Monday, December 14th, 2009Debt-strapped owners will soon begin unloading properties in distress, experts say, creating opportunities for stronger real estate investors — like Vornado Realty Trust — to scoop up bargains. Vornado, says Barclays Capital analyst Ross Smotrich, is one of the few real estate investment trusts (REITs) that can grow in the next year or two, through [...]
Fortune – 10 best stocks for 2010 – Amedisys AMED
Saturday, December 12th, 2009Its shares slid by 9% this year even as its profits grew 63% in the first three quarters of 2009. This despite the fact that its business — providing nurses for patients in their own homes and running hospices — is part of a sector projected to nearly double to $51 billion by 2016. The [...]
British Bankers Association Libor Rates For Euros
Monday, December 7th, 2009Current Previous ——- ——– O/N 0.69250 0.30250 1WK 0.36625 0.36500 2WK 0.38125 0.38125 1MO 0.45750 0.45500 2MO 0.54125 0.53875 3MO 0.68000 0.68125 4MO 0.77438 0.77500 5MO 0.87313 0.87375 6MO 0.98125 0.98000 7MO 1.02250 1.02000 8MO 1.06625 1.06125 9MO 1.10938 1.10500 10MO 1.14625 1.14250 11MO 1.18250 1.18000 12MO 1.22500 1.22250
Google helps California visualize climate chaos
Thursday, December 3rd, 2009Google neues Kursziel – New Analyst Rating from Needham & Company, LLC
Tuesday, December 1st, 2009Financial Stability Board – Liste der systemrelevanten Finanzkonzerne, die über Ländergrenzen hinweg beaufsichtigt werden sollen
Monday, November 30th, 2009systemrelevante Finanzkonzerne: Aegon Allianz Aviva Axa Banca Intesa Bank of America Barclays BBVA Santander BNP Paribas Citigroup Credit Suisse Deutsche Bank Goldman Sachs HSBC ING JP Morgan Mitsubishi UFJ Mizuho Morgan Stanley Nomura RB1 of Canada RB1 of Scotland Société Générale Stand. Chartered Sumitomo Mitsui Swiss Re UBS Unicredit Zurich
Dubai share plummet nearly 6 percent as trading resumes after debt bombshell
Monday, November 30th, 2009Shares in debt-ridden Dubai World, the emirate’s investment and development engine, were off more than nearly 15 percent in early trading Monday when the market opened. – In a statement Sunday, the UAE’s central bank said it had sent notice to Emirati banks and foreign banks with branches in the country making clear they would [...]
UAE central bank says it will stand behind local and foreign banks in Dubai debt mess
Sunday, November 29th, 2009The United Arab Emirates’ central bank is saying it “stands behind” local and foreign banks operating in the country, offering them access to money in a sign the Gulf Arab nation’s federal government is racing to curtail investor fears over Dubai’s crushing debt. The UAE’s official WAM news agency said Sunday the central bank issued [...]
Dubai : Deutsche Wirtschaft rechnet mit Einbußen
Sunday, November 29th, 2009“Das werden wir beim Auftragseingang deutlich merken”, sagte Hauptgeschäftsführer des Deutschen Industrie- und Handelskammertages (DIHK), Martin Wansleben, zu den Auswirkungen der Finanzklemme des Wüstenstaates. Die “Dauerbaustelle Dubai” sei über viele Jahre ein wichtiger Markt gewesen für jeden, “der Produkte und Leistungen rund ums Bauen liefert – von der Bohrmaschine über Bagger bis zu Armaturen und [...]
Dubai, Abu Dhabi And Debt
Sunday, November 29th, 2009– Abu Dhabi has little choice but to continue to bail out Dubai. A financial collapse of the emirate would make it unlikely that Sheikh Mohammed or Sheikh Hamdan could remain in power as the government and the ruling family’s management of Dubai Inc. are so closely intertwined. That could be politically unsettling for the [...]
Why Dubai’s Debt Matters
Sunday, November 29th, 2009Abu Dhabi bailout. In February this year, following Dubai’s difficulty in refinancing a $3.8 billion loan, the United Arab Emirates (UAE) Central Bank, backed by Abu Dhabi, subscribed to a $10 billion bond, with interest rates set at 4%. However, earlier this month, it became apparent that Dubai would need a much bigger capital injection, [...]
Fitch downgrades Dubai Bank, Tamweel and TAIB Bank on Dubai World restructuring proposal
Sunday, November 29th, 2009Fitch Ratings has downgraded the Long-term Issuer Default Ratings (IDRs) of Dubai Bank (to ‘BBB-’ from ‘BBB+’), Tamweel PJSC (to ‘BB’ from ‘BBB’) and TAIB Bank (to ‘BB’ from ‘BBB-’). The Outlooks on Dubai Bank and TAIB Bank are Negative. Tamweel remains on Rating Watch Evolving. Dubai Bank is a small bank wholly-owned by Dubai [...]
Dubai : Moody’s ratings for UAE banks
Sunday, November 29th, 2009Abu Dhabi Commercial Bank: – Bank Financial Strength Rating (BFSR) of C-; negative outlook. – Global Local Currency Deposit Ratings of Aa3/Prime-1. – Foreign Currency Deposit Ratings of Aa3/Prime-1. – Foreign Currency Debt Rating for senior debt obligations of Aa3. – Foreign Currency Debt Rating for subordinated obligations of A1. – Commercial Paper Rating of [...]
Indebted Dubai World rejected asset sale
Sunday, November 29th, 2009Dubai World “totally rejected” the possibility of selling off some of its top performing assets in the months before the heavily indebted conglomerate turned to creditors with a plea to defer payments on some of the $60 billion it owes, a newspaper reported Sunday. The announcement was the clearest indication yet that the conglomerate, which [...]
Dubai-Krise
Friday, November 27th, 2009Presseangaben zufolge sind die US-Bank Goldman Sachs, die britische Lloyds und HSBC sowie die Royal Bank of Scotland von den Zahlungsschwierigkeiten betroffen. Deutsche Banken sollen nicht berührt sein. Zudem dürften erneut Autokonzerne mit arabischen Investoren in den Blick rücken, darunter der Sportwagenbauer Porsche und die Stuttgarter Daimler. Daneben steht heute der Jahresabschluss ThyssenKrupp auf der [...]
Dubai debt crisis raises financial turmoil fears, Oil slides as Dubai woes roil markets
Friday, November 27th, 2009With Dubai World hard pressed to pay its bills, banks could take the biggest hit, analysts said. Heavyweight lenders HSBC Holdings and Standard Chartered could face losses of $611 million and $177 million respectively, according to early estimates from analysts at Goldman Sachs. Both have substantial Middle East operations. Japan’s Sumitomo Mitsui Financial Group, the [...]
Dubai : Finanzkrise
Friday, November 27th, 2009Das Emirat hatte am Mittwoch um Zahlungsaufschub für das staatseigene Unternehmen Dubai World gebeten. Der Konzern hat nach offiziellen Angaben 59 Mrd. $ (39 Mrd. Euro) Schulden. – Analysten der Credit Suisse schätzen, dass europäische Banken Kredite für bis zu 40 Mrd. $ an Staatsunternehmen aus Dubai ausgereicht haben. Sie müssten ihre Risikovorsorge um fünf [...]
S&P: Kapitalausstattung der Banken ist noch nicht ausreichend
Monday, November 23rd, 2009Die durchschnittliche, risikobereinigte Eigenkapitalquote der von S&P geprüften großen, internationalen Banken habe zum Stichtag 30. Juni lediglich bei 6,7% gelegen. Diese liege damit mehr als 3 Prozentpunkte unter den durchschnittlichen Kernkapitalquoten (Tier 1). Damit sieht sich Ratingagentur in ihrer Ansicht bestätigt, dass die Kapitalausstattung “für die Mehrheit der Banken in unserer Stichprobe noch immer ein [...]
Hershey will 17 Mrd USD fuer Cadbury bieten – Kreise
Monday, November 23rd, 2009Chemiekonzerne Mitsubishi Chemical und Mitsubishi Rayon fusionieren
Monday, November 23rd, 2009Streit um Auftrag fuer US-Tankflugzeuge verschaerft sich
Monday, November 23rd, 2009BNP Paribas steigert Nettogewinn im 3Q
Monday, November 9th, 2009BNP Paribas hat den Nettogewinn im dritten Quartal dank einer starken Performance in der Corporate- und Investmentbank deutlich steigern können. Wie BNP Paribas SA am Donnnerstag mitteilte, stieg der Nettogewinn auf 1,31 Mrd EUR. Im Vorjahresquartal hatte die Bank einen Nettogewinn von 901 Mio EUR verbucht.
Dow Jone Newswire – Eurex Repo erwartet keine Erholung des unbesicherten Geldmarkts
Monday, November 9th, 2009FRANKFURT (Dow Jones)–Eurex Repo, Betreiber eines Repo-Markts für Euro- und Franken-Wertpapiere, rechnet nicht damit, dass der unbesicherte Geldmarkt im Euroraum zu alter Stärke zurückfinden wird. “Der unbesicherte Geldhandel wird wohl kaum wieder auf die Art und Weise wie vor der Krise funktionieren, weil in der Krise ein Vertrauensverlust zwischen den Banken entstanden ist”, sagte Eurex-Repo-Vorstand [...]
AK Steel and U.S. Steel (X), cut to Hold from Buy at Keybanc
Wednesday, October 28th, 2009Flash memory maker SanDisk gets cut to Neutral from Buy at Goldman due to valuation
Wednesday, October 28th, 2009Goldman raises British oil giant BP Plc to Neutral from Sell
Wednesday, October 28th, 2009ConocoPhillips third quarter profit tumbles 71 percent while drilling ramps up
Wednesday, October 28th, 2009Earlier this month the company said it would sell off $10 billion worth of assets to pay down debt and cut capital expenditures next year by 12 percent. The nation’s third-largest oil company said it made $1.5 billion, or $1 per share, for the quarter ended Sept. 30 compared with profit of $5.2 billion, or [...]
The consumer confidence index fell to 47.7 in October from an upwardly revised 53.4 in September. Economists expected the index to hold steady at around 53.2.
Tuesday, October 27th, 2009Corning profit beats Street
Monday, October 26th, 2009“We have heard comments that corporations are raising IT (information technology) spending a little,” Corning CFO Jim Flaws told Reuters in an interview.
Brasilien erhebt Steuer von 2% auf ausländische Kapitalzuflüsse, um Währungsaufwertung zu bremsen
Tuesday, October 20th, 2009Mit dem Ziel, die Aufwertung des Real zu bremsen, hat Finanzminister Guido Mantega die Besteuerung ausländischer Kapitalströme an die brasilianischen Aktien- und Fixed-Income-Märkte angekündigt. Die IOF genannte Steuer wird 2% betragen und ist ab heute wirksam. Mit 2% liegt die Steuer höher als von den meisten Ökonomen erwartet und zudem über der bis Ende 2008 [...]
Intesa spricht mit State Street über Tochter-Verkauf
Tuesday, October 20th, 2009Intesa Sanpaolo führt Gespräche mit dem US-Finanzdienstleister State Street über den möglichen Verkauf ihres Treuhändergeschäftes.
Invesco to Acquire Morgan Stanley’s Retail Asset Management Business, Including Van Kampen Investments
Tuesday, October 20th, 2009Invesco Ltd. Two Peachtree Pointe 1555 Peachtree Street, N.E. Atlanta, GA 30309 Telephone: 404 479 1095 Atlanta, October 19, 2009 — Invesco Ltd. (NYSE: IVZ) announced today it has entered into a definitive agreement to acquire Morgan Stanley’s retail asset management business, including Van Kampen Investments. Through this transaction, Invesco acquires a diversified business with [...]
Brazil’s Central Bank Buys Dollars At BRL1.7103
Monday, October 19th, 2009The central bank didn’t reveal the volume of dollars it purchased. The bank has been buying dollars at near-daily snap auctions since March as a way to build foreign reserves. Reserves currently stand at more than $230 billion. Shortly before Monday’s auction, the real was trading at BRL1.7095 to the dollar. Shortly after the auction, [...]
Galleon Founder, Others Charged In Insider-Trading Case
Monday, October 19th, 2009Galleon Group founder Raj Rajaratnam and five others have been arrested and charged in a $20 million insider-trading case, prosecutors said. At a press conference Friday, U.S. Attorney Preet Bharara announced that Rajaratnam, founder of Galleon Group and portfolio manager for Galleon Technology Funds, has been charged with four counts of conspiracy and eight counts [...]