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18 May 2005 09:00 AM
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MORGAN STANLEY RAISED ELECTROLUX TO "EQUAL-WEIGHT" FROM "UNDERWEIGHT":
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MORGAN STANLEY RAISED ELECTROLUX TO "EQUAL-WEIGHT" FROM "UNDERWEIGHT"
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18 May 2005 06:24 AM
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MARKET SNAPSHOT: JAPANESE EQUITIES:
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Advantest fell 0.66% and closed at 7530 yen, Canon rose 0.89% to 5650 yen. NEC declined 1.04% to 569 yen. Sony dropped 1.02% to 3890 yen.
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18 May 2005 05:07 AM
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Perelman's suit against Morgan Stanley not over yet: focus on judge's ruling:
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Ronald Perelman’s lawsuit against Morgan Stanley is not in fact over yet, as the investment bank’s appeal against the ruling of Judge Elizabeth Maass has serious grounds, in the opinion of the lawyers.
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17 May 2005 05:41 PM
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UAL reached cost-saving agreement:
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UAL Corp., parent of bankrupt United Airlines, has reached a tentative agreement with mechanics’ union in a struggle for saving costs for the carrier that filed for Chapter 11 protection.
"This agreement consensually achieves the cost savings United needs, while addressing AMFA’s concerns over pay, job security, benefits, and work rules," United said in a statement.
The
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17 May 2005 02:43 PM
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ARMs and interest-only mortgages take over mortgage market:
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The housing market is hot, which cause people to stretch their means to buy a new house, the report of the Mortgage Bankers Association reveals. This is revealed through an increase in adjustable-rate and interest-only mortgages that constituted two-thirds of mortgage loans originated in the second half of 2004.
"The
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17 May 2005 02:40 PM
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MARKET SNAPSHOT: EUROPEAN EQUITIES:
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The Dax Index fell 10.41. points, or 0.24% to 4251.77, the FTSE 100 Index was up 14.30 points, or 0.29% to 4898.50, the CAC 40 Index declined 4.79 points, or 0.12% to 4006.19.
In
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17 May 2005 12:51 PM
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GM, Ford’s credit downgrades have no impact on CDOs:
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General Motors and Ford that faced credit downgrade recently will see no impact on collateralised debt obligations (CDOs), according to the Fitch ratings agency report released Monday.
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17 May 2005 12:17 PM
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Vivendi filed lawsuit against Deutsche Telekom:
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On Tueaday, Vivendi Universal SA, France’s second- largest telephone-service provider, filed a lawsuit in a Paris court against Deutsche Telekom AG seeking as much as $2.8 billion in damages from the latter.
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17 May 2005 11:59 AM
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EU faces divergence of fortunes with new members:
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Standard & Poor’s report showed a divergence of fortunes between the «old» members of the European Union and those accessed to the EU recenlty.
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17 May 2005 11:39 AM
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KKR to bid for stake in Samsung Life Insurance:
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The world’s biggest buyout firm Kohlberg Kravis Roberts & Co. is expected to bid for a $2.43 billion stake in Samsung Life Insurance Co., the largest insurer for South Korea, according to some analysts.
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17 May 2005 10:38 AM
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HSBC seeks partners to start securities firm in China:
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Chinese banking investor HSBC Holdings Plc said it was in talks with partners to launch a new local securities firm in China.
``If
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17 May 2005 09:37 AM
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A.G. EDWARDS RAISED EXXON MOBIL TO "BUY" FROM "HOLD":
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A.G. EDWARDS RAISED EXXON MOBIL TO "BUY" FROM "HOLD"
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17 May 2005 09:36 AM
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DEUTSCHE BANK RAISED HOME DEPOT TO "BUY" FROM "HOLD":
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DEUTSCHE BANK RAISED HOME DEPOT TO "BUY" FROM "HOLD"
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17 May 2005 09:33 AM
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U.S. industrial production unexpectedly fell 0.2% in April:
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U.S. industrial production unexpectedly fell 0.2% in April, according to the Federal Reserve. Economists were expecting the index to rise 0.1%. Capacity utilization fell to 79.2%. Economists were forecasting 79.4%.
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17 May 2005 09:02 AM
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EU plans to help poor by air:
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The European Union said it seeks options to help poor with the involvement of air tax that is a voluntary move of all the nations sharing euro to fight the world’s poverty.
EU
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