Moneycontrol.com Euro Slides Against Commodity CurrenciesWall Street JournalBy JESSICA MEAD LONDON—The euro sank against higher-yielding currencies like the Australian and Canadian dollars in European hours Wednesday, after the European Central Bank's long-awaited second long-term liquidity operation met with strong demand, …Yen Rises Amid Concern Oil Rally, Greek Crisis Will Slow GrowthBusinessWeekYen Gains as Stocks Decline [...]
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Wed, February 29 2012 » Business » No Comments
Forbes Banks get stronger, FDIC saysNOLA.comBy Rebecca Mowbray, The Times-Picayune With earnings season nearly over for 2011 results, new figures released by the Federal Deposit Insurance Corp. attest to the improving health of banks. Banks insured by the FDIC posted a collective profit of $26.3 …Banks Have Best Year Since '06 But There's Still A [...]
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Wed, February 29 2012 » Business » No Comments
Financial Times Goldman Joins Wells Fargo Disclosing Threat of SEC EnforcementSan Francisco ChronicleFeb. 29 (Bloomberg) — Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co. are among banks warned by federal regulators that they may face civil claims tied to sales of mortgage-backed securities. Goldman Sachs and Wells Fargo said …Stocks [...]
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Wed, February 29 2012 » Business » No Comments
Christian Science Monitor Clean energy: Another solar firm lays off workersChristian Science MonitorClean energy woes continue as US solar-panel company retools in the face of Chinese competition, despite federal clean-energy subsidies. By Associated Press / February 29, 2012 Tom Tiller, who became the new CEO of Abound Solar in early 2010, …Abound Solar Cuts WorkforceSolar [...]
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Wed, February 29 2012 » Business » No Comments
Hindu Business Line India's slower growth may be an 'uh, oh' signCNNBy Chris Isidore @CNNMoney February 29, 2012: 8:58 AM ET India's slow growth is raising concern about whether emerging markets can continue to lead global economic growth. NEW YORK (CNNMoney) — Economic growth in India slowed at the end of last year, …India's GDP [...]
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Wed, February 29 2012 » Business » No Comments
Bloomberg Wall Street Bonuses Fall 14% to Lowest Since 2008 in New York ProjectionBloombergWall Street's cash bonus pool fell by 14 percent last year to $19.7 billion, the lowest since 2008, as the securities industry shed thousands of jobs, according to projections by New York (STONY1) state Comptroller Thomas DiNapoli.Wall Street Cash Bonus Pool Reflects [...]
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Wed, February 29 2012 » Business » No Comments
Business Today Oil gains on cheap ECB loans, Iran fearsReutersBy Simon Falush | LONDON (Reuters) – Brent crude oil gained around $1 per barrel on Wednesday, snapping two days of sharp falls, after the European Central Bank allocated more than $500 billion for cheap loans, spurring buying of riskier assets.Clinton Says US Moving on Iran [...]
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Wed, February 29 2012 » Business » No Comments
Bloomberg European Stocks Rise as ECB Long-Term Loans Exceed Forecasts; Holcim GainsBloombergHannelore Foerster/Bloomberg Financial traders work at their desks beneath a display of the DAX Index curve at the Frankfurt Stock Exchange in Frankfurt. Stocks in Europe advanced as euro- area banks tapped the European Central Bank for more three-year …Stock Futures Tick Higher; Traders [...]
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Wed, February 29 2012 » Business » No Comments
Moneycontrol.com Stocks to open higher on Europe hopesCNNMoneyBy CNNMoney staff @CNNMoneyMarkets February 29, 2012: 8:44 AM ET NEW YORK (CNNMoney) — US stocks were set for a higher open Wednesday, after the European Central Bank said that it well lend €529.5 billion, or $721.4 billion, to European banks in an …US STOCKS-Futures edge up after [...]
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Wed, February 29 2012 » Business » No Comments
Financial Post U.S. Fourth Quarter Second Gross Domestic Product (Text)BloombergFollowing is the text of the Gross Domestic Product from the Commerce Department. Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 3.0 percent …US Growth Revised [...]
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Wed, February 29 2012 » Business » No Comments
Bloomberg Oil Drops a Second Day on Concern Prices Near 9-Month High May Curb DemandBloombergOil dropped for a second day in New York on growing speculation that demand may be curbed by a rally that has driven prices to a nine-month high. West Texas Intermediate futures slid as much as 0.9 percent after falling for [...]
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Tue, February 28 2012 » Business » No Comments
CTV.ca China 'risks stagnation': World BankSydney Morning HeraldTHE World Bank has warned China it must implement far-ranging economic and political reforms to avoid the risk of stagnation. The bank on Monday issued a 468-page report urging Beijing to adopt a new development strategy to avoid the fate of falling …China Must Change to Spread Benefits [...]
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Tue, February 28 2012 » Business » No Comments
TheStreet.com BB&T Earnings Will Stand Out: Morgan StanleyTheStreet.comBy Philip van Doorn 02/27/12 – 04:17 PM EST Updated with news that BB&T's deal to acquire BankAtlantic Bancorp's thrift subsidiary was barred by a judge for violating the terms of BankAtlantic's trust preferred securities.BankAtlantic sale to BB&T haltedTampa Bay Business Journal (blog)Judge bars BankAtlantic sale to BB&TBizjournals.comBB&T [...]
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Tue, February 28 2012 » Business » No Comments
Bloomberg US Stock Futures Trim Gains on Durables SlumpBloombergUS stock futures were little changed, after rallying earlier today, as reports showed orders for durable goods fell by the most in three years and home prices in 20 US cities dropped more than forecast. Priceline.com Inc. (PCLN), the biggest US online …US futures trim early gains [...]
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Tue, February 28 2012 » Business » No Comments
Fortune 3 Things That Could Move Financial Stocks TodayTheStreet.comBy Shanthi Bharatwaj 02/28/12 – 06:04 AM EST NEW YORK (TheStreet) — JPMorgan Chase(JPM) will take center stage on Tuesday, with its highly anticipated annual investor day. CEO Jamie Dimon and other top executives will hold presentations followed by …Forget BofA, Maybe JPMorgan Should Split UpForbesDividing Dimon? [...]
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Tue, February 28 2012 » Business » No Comments