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Siemens (SI) today said it will cut nearly 17,000 jobs. It gave the economic downturn as the major reason for the move. Since Siemens and GE (GE) are in a number of related businesses included...
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According to Reuters, the Anheuser-Busch (BUD) board is under pressure to justify what it did not take InBev’s buy-out offer. Reuters writes that overseas money is reluctant to invest in US car...
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Fluor Corporation (NYSE:FLR) won a contract from Scottish & Southern Energy to construct a 500 MW wind farm, the world’s largest, off the coast of Suffolk in the UK. Fluor will book the $1.8...
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London was closed for a holiday and other market in Europe were mixed. The DAXX was down .1% to 7,039. Siemens (SI) was down 1% to 76.30. VW was down .9% to 187.72. The CAC 40 was off .3% to 5,057....
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Markets in Europe were rallying at 6.30 AM The FTSE was up 1.1% to 6,151 Cadbury was up 8.7% to 630. Prudential was up 3.4% to 721. The DAXX rose 1.2% to 7,033. BMW was up 4.6% to 36.86. Siemens (SI)...
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Markers in Europe were modestly higher at 6.30 AM New York time. The FTSE rose .1% to 6,092. BHP Billiton (BHP) was up 2.8% to 1851. Vodafone (VOD) was off 1.5 to 157.9. The DAXX was up .9% to 6,949....
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According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and ...
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Markets in Europe were modestly higher at 6.35 AM The FTSE rose .7% to 5,948. Barclays (BCS) was up 2.9% to 462. BA was up 2.6% to 214. The DAXX rose .4% to 6,612. Infineon rose 5.5% to 4.82. Siemens...
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Markets in Europe rose modestly at 6.15 AM. The FTSE was up .6% to 5,984. BHP Billiton (BHP) rose 2.8% to 1663. RBS (RBS) was up 2.7% to 380. The DAXX rose .9% to 6,827. Hypo Real Estate rose 3% to...
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Markets in Europe were slightly lower at 6.35 AM The FTSE was off .3% to 5,673. Lonmin was up 2.6% to 3104. Kingfisher was up 3.4% to 138.4. The DAXX was down .2% to 6,515. Bayer was up 1.3% to...
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Markets in Eruope rose sharply at 4.40 AM New York time. The FTSE was up 3.3% to 5,678. Barclays (NYSE:BCS) was up 10.2% to 472.75. Lloyds ws up 7.1% to 465. The DAXX rose 3.2% to 6,519. Deustche Bnk...
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Markets in Europe were off modestly at 7 AM New York time. The FTSE was down .6% to 5,512. BP (BP) was down 1.9% to 505. British Air was up 3.9% to 231.75. The DAXX fell .1% to 6,355. BMW was up 3.4%...
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Markets in Europe were up sharply at 7.30 AM New York time. The FTSE rose 2% to 5,523. Barclays (BCS) is up 3.4% to 406. British Airways was up 4.1% to 226.5. The DAXX moved up 2.2% to 6,315....
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Markets in Europe were down sharply at 6.25 AM New York time. The FTSE was off 2.2% to 5,506. Barclays (BCS) was down 6.9% to 403. HBOS was off 9.6% to 477.25. The DAXX sold off 3.2% to 6,243....
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According to Reuters, the Fed is opening up its own balance sheet to poisonous securities it may get from banks in exchange for cash. Reuters writes that JP Morgan (JPM) bought Bear Stearns (BSC) for...
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