B. of A. to exit asset, debt guarantee programs
SAN FRANCISCO (MarketWatch) — Bank of America Corp.
September 21, 2009 | Posted in Market Pulse | Read More »
Archive for the Category ‘Market Pulse’
Pfizer, Wyeth to divest some animal drug assets
SAN FRANCISCO (MarketWatch) — Pfizer Inc. and Wyeth said late Monday they agreed to divest cetain animal health assets to Boehringer Ingelheim as a result of Pfizer’s pending acquisiiton of Wyeth. Financial terms were not disclosed.
September 21, 2009 | Posted in Market Pulse | Read More »
AMR shares slide on stock, note offering
SAN FRANCISCO (MarketWatch) — AMR Corp. , the parent company of American Airlines, said late Monday it plans to offer 30 million shares of common stock in a secondary offering along with $250 million in new notes for general corporate purposes
September 21, 2009 | Posted in Market Pulse | Read More »
U.S. stocks hit oil slick; Nasdaq ends higher
SAN FRANCISCO (MarketWatch) — U.S. stocks sank Monday, with the S&P 500 and Dow Jones Industrial Average posting their biggest percentage losses since Sept. 1, weighed down by falling commodity prices and profit-taking after the past few weeks’ steep runs
Equities version of commodity futures index starts
NEW YORK (MarketWatch) — The Thomson Reuters/Jefferies CRB Global Commodity Equity Index Fund on Monday began trading on the New York Stock Exchange. The exchange-traded fund, designed to replicate the half-century-old CRB commodity futures Index , consists of 50 energy stocks, 35 agricultural stocks, 35 base metal stocks and 30 precious metals stocks. The index is “an alternative for investors looking for exposure to commodities without exposure to the commodities futures market,” said Art Hogan, chief market strategist, Jefferies & Co
Moody’s may downgrade ING ratings on EC probe
SAN FRANCISCO (MarketWatch) — Moody’s Investors Service said Monday it may downgrade various ratings of ING Groep NV because of a further probe by the European Commission of an Alt-A Back-up facility provided by the Dutch government. Moody’s has a C+ bank financial strength rating and a Aa3 long-term senior debt ratings on ING Bank NV, and an A1 senior debt rating on ING Groep.
RBS says reported capital raising plan ‘tentative’
SAN FRANCISCO (MarketWatch) — Royal Bank of Scotland said Monday it is currently in negotiations with the U.K. government to finalize a proposed capital raising plan, but that such a plan is tentative. RBS is reportedly considering selling up to 4 billion pounds, or about $6.5 billion, of B-shares to existing investors to lessen the government’s stake in the bank.
September 21, 2009 | Posted in Market Pulse | Read More »
California’s RANs may yield under 2%
NEW YORK (Marketwatch) — Investors in California’s short-term debt sale this week are likely to garner yields under 2%, possibly making the deal unattractive for many advisers.
September 21, 2009 | Posted in Market Pulse | Read More »
Obama stumps for student loan bill in N.Y. speech
WASHINGTON (MarketWatch) — President Barack Obama on Monday pushed for Senate passage of a student-loan bill that would free up about $80 billion over 10 years for the White House’s education goals. The bill, passed by the House last week, would end a program subsidizing private lenders and make the government the sole provider of federally guaranteed college loans. “I look forward to winning this fight in the Senate, as we just have in the House, and signing this bill into law,” Obama said in a speech in Troy, N.Y
September 21, 2009 | Posted in Market Pulse | Read More »
AIG up on hope government may ease bailout again
SAN FRANCISCO (MarketWatch) — American International Group shares jumped 10% Monday amid hope the government may ease the terms of its bailout of the giant insurer again. Rep
September 21, 2009 | Posted in Market Pulse | Read More »
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Gold Price Trend Forecast Feb 2010 – Makes Intermediate Top at USD 1131
Dow Index & Global Markets enter long term Bearish Phase – Credit crisis moving from Corporate to Sovereign credit crisis
Gold Price Trend Forecast 2010 – Bearish
Nifty Trading Tips – Nifty makes an intermediate top at 5,310 for jan 2010
Indian Rupee Value forecast to weaken further on Strong Intermediate Dollar rally
MCX/Comex Gold futures make intermediate Top at USD 1140 for Jan 2010
USD INR Trend forecast bottoms for 2009 – Indian Rupee (INR) exchange rate to weaken until 1 QTR 2010.
