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Markets in Europe were higher at 6.30 AM New York time. The FTSE rose 1.1% to 6,565. Barclays (BCS) is up 3.8% to 575. HSBC (HBC) is up 3.4% to 858.5. Prudential (PUK) is up 3.2% to 693. The DAXX is...
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A funny thing happened on the way to creating a $100 billion "Super Fund" to loan money to SIVs which needed short term cash to stay in business. These SIVs own a lot of mortgage-backs securities...
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Markets in Asia were mixed. The Nikkei fell .5% to 15,271. Hitachi (HIT) fell 1.4% to 754. Honda (HMC) fell 1.4% to 3610. NTT (NTT) fell 1.4% to 479000. Sony (SNE) rose 3.3% to 5940. The Hang Seng...
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According to Reuters, Citigroup (C) is selling up to 4.9 percent of itself for $7.5 billion to the investment arm of the Abu Dhabi government. Reuters writes that retail stocks fell despite...
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Markets in Asia were mixed. The Nikkei rose .6% to 15,223. Daiwa Securities rose 4.2% to 1095. Hitachi (HIT) rose 2% to 765. Sony (SNE) rose 4.5% to 5750. The Hang Seng fell 1.5% to 27,210. HSBC...
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Asia markets are likely to open lower based on a sharp fall in US financial shares and concerns about the dollar. “With the U.S. performing so poorly, it can only mean bad news for the market...
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HSBC (HBC) is taking $41 billion in SIV assets onto it balance sheet, a move that could pressure US banks like Citigroup (C) to follow. Bloomberg writes "investors in the SIVs will be able to...
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Market in Japan and China should expect big pressure at the open on concerns over US credit markets, a lending freeze in China, and rising oil prices. .Shanghai, Hong Kong, and Tokyo exchanges are...
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Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion for financial companies, Jan Hatzius, chief economist at Goldman (GS) in...
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Below is some of the top news pre-market: Applied Materials (AMAT) reports earnings after close; estimates are $0.29 EPS & R$2.38B. BEA Systems (BEAS) said it expects to submit SEC filings...
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Big bank HSBC (HBC) will take a $3.4 billion charge "I think the thing that’s emerged in the third quarter is that the housing market deterioration is beginning to have a broader impact, both...
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According to Reuters, executives at Ford (F) say that they see a tough US market and will cut production as necessary. Reuters reports that Northern Rock received an injunction from the publication...
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According to Reuters, BHP Billiton (BHP) will not sell its petroleum division, as had been rumored, to finance a bid for Rio Tinto (RTP). Reuters writes that most of the Hershey (HSY) was pushed out...
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Markets in Europe were mixed at 6.25 AM New York time. The FTSE fell .3% to 6,660. HSBC (HBC) was down 1.1% to 953. Northern Rock was down 2.2% to 203 The DAXX rose .1% to 7,994. SAP (SAP) was down...
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Markets in Europe were off slightly at 6.45 AM New York time. The FTSE fell .1% to 6,587. HSBC (HBC) was down 1.6% to 946. Northern Rock was up 9.8% to 174.1. The DAXX fell .1% to 7,996. Deutsche...
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