Fifth straight day of decline for the Dow July 11, 2012 THE DOW and the Nasdaq lost ground yesterday as minutes from the Federal Reserve’s June meeting showed policymakers are open to the idea of more economic stimulus, but that conditions might need to worsen first. The S&P 500 ended unchanged, breaking a four-day losing streak, after paring losses into the close. Technology and industrials led [...]
Global worries hit as Wall St awaits earnings July 9, 2012 STOCKS in the US slipped in light trading yesterday, weighed down by weak economic data from Asia and signs of economic trouble in Europe, underscored by higher Spanish and Italian bond yields. Yesterday’s decline, the third in a row for the S&P 500 index, comes as quarterly earnings reports get under way. Investors are anxious [...]
Wall St edges lower ahead of non-farm data July 5, 2012 US stocks edged lower yesterday as economic stimulus measures by major central banks failed to excite investors before a US jobs report expected to show tepid growth. After the S&P 500 index’s strongest three-day run this year, investors stepped back, leaving the broad index and the Dow modestly lower and the Nasdaq essentially flat. Trading [...]
Manchester United chooses NYSE for listing July 4, 2012 Manchester United has picked the New York Stock Exchange to make its stock market debut, ending months of speculation over where the world’s best-supported football club would list. After first eyeing a Hong Kong IPO, the former English Premier League champions had planned a $1bn (£638.1m) listing in Singapore in the second half of last [...]
Man Utd unveil IPO in New York to pay off debts July 3, 2012 MANCHESTER United last night filed documents for an initial public offering (IPO) of shares to be listed on the New York Stock Exchange. The size of the offering has initially been listed at $100m yet analysts expect that the figure could change significantly, with the price and quantity of shares yet to be decided. The [...]
Man Utd unveil IPO in New York to pay off debts July 3, 2012 MANCHESTER United last night filed documents for an initial public offering (IPO) of shares to be sold on the New York Stock Exchange. The size of the offering has initially been listed at $100m yet analysts expect that the figure could change significantly, with the price and quantity of shares yet to be decided. The [...]
Surprisingly positive data lifts US shares June 27, 2012 U S stocks rose yesterday as stronger-than-expected economic data helped lift energy stocks, overshadowing concerns a European Union summit will not yield tangible progress in easing the debt crisis. The energy sector showed the strongest gains among the 10 major S&P 500 groups, rising 1.9 per cent as oil prices settled higher at $80.21 a [...]
US stocks rise after upbeat property data June 26, 2012 MAJOR US stock indexes bounced back yesterday, but trading was light with the outlook clouded by doubts before yet another summit to tackle the European debt crisis. US stocks partly recovered from losses of more than one per cent on Monday, led by housing shares after stronger-than-expected data on home prices. The consumer discretionary sector [...]
US stocks drop on pessimism over EU talks June 25, 2012 US stocks fell sharply yesterday, putting the S&P 500 near break-even for June so far, as investors saw little reason to be optimistic about a European Union summit this week. Markets remain sensitive to European headlines as the region’s spiraling debt crisis could wreak further havoc on a slowing global economy. Financial and energy stocks [...]
Walgreens in bid to attract UK investors June 24, 2012 AMERICAN pharmacy Walgreens will kick off a series of high-level meetings with UK investors today in a bid to increase institutional interest in the US-listed company, following its £4.3bn initial takeover deal with Alliance Boots. Chief executive Gregory Wasson has arrived in the country to sound out institutional investors, such as large UK pension funds, [...]