CNBC’s Maria Bartiromo shares the secrets of her long-running success March 1, 2011 I LOVE this city!” Maria Bartiromo waves her arm, indicating not just the art deco luxury of Claridge’s, where we meet over breakfast, but London in its teeming, cosmopolitan entirety. “Chic, sophisticated… great for business. I feel jazzed to be here. I grab the chance to come.” Bartiromo is a long-time New Yorker, famous for [...]
Wall Street finishes February on a high February 28, 2011 BULLISH comments from Warren Buffett helped US stocks end another good month on a high note yesterday, but uncertainty about oil prices could keep investors from pushing the market much higher. A sign stocks may stall out was evident in the lacklustre volume, in contrast with last week’s selloff, which occurred on heavy volume. Just [...]
LSE takes on rivals with new platform February 24, 2011 THE LONDON Stock Exchange (LSE) is to launch a new pan-European derivatives trading platform in a bid to crack the dominance of rivals NYSE Euronext and Deutsche Boerse. The European futures market has traditionally been dominated by the New York and Frankfurt-based exchanges, which announced plans to merge earlier this month. Yet the LSE yesterday [...]
Seymour Pierce merger shaky as Gerova delists February 24, 2011 PROPOSED Seymour Pierce buyer Gerova Financial Group has been delisted from the New York Stock Exchange due to concerns over its financial disclosure. Bermuda-based Gerova’s shares were suspended by the NYSE on Tuesday amid allegations it failed to report its financial dealings accurately to investors and its shares have been subject to insider trading. Its [...]
US stocks drop on volatile oil prices February 23, 2011 US stocks dropped for a second straight session yesterday as Libya’s violence sent oil prices up briefly to $100 (£61.69) a barrel and tech shares sank, adding credence to calls for a market correction. The Dow Jones industrial average fell 107.01 points, or 0.88 per cent, at 12,105.78. The Standard & Poor’s 500 Index lost [...]
WHAT THE OTHER PAPERS SAY THIS MORNINGF February 22, 2011 FINANCIAL TIMES SUGAR TRADERS CONSIDER CAP The world’s largest sugar exchange and top traders are mulling “circuit breakers” to cap the recent surge in price volatility, people familiar with the discussions said. The ICE Futures US exchange, based in New York, and the World Sugar Committee (WSC), an advisory group of top traders, are setting [...]
Worst Wall Street drop since August February 22, 2011 WALL Street suffered its worst day since August yesterday as investors dumped stocks on turmoil in oil exporter Libya, in what could be the start of a long-anticipated pullback after a lengthy rally. Rising volatility and heavy volume added heft to the possibility of a larger pullback. With 9.76bn shares traded on the New York [...]
Seymour Pierce deal is in doubt February 20, 2011 SEYMOUR Pierce’s transatlantic merger with Gerova Financial Group could fall through this week as Seymour Pierce’s outspoken chairman Keith Harris demands clarification on issues plaguing the New York-listed reinsurer. The failure of the planned three-way merger would be an embarrassment for investment bank Seymour Pierce, which is handling its own £60m takeover by Gerova. It [...]
WALL STREET WEEK AHEAD February 20, 2011 Investors will continue to ride the speediest rally in US stocks since the Great Depression despite growing concerns the market is overbought and due for a correction. Wall Street posted its third consecutive week of gains with the S&P 500 now up 6.8 per cent for the year and more than 20 per cent in [...]
Wall St rises despite Middle East unrest February 17, 2011 US investors piled on a dizzying two-year advance in stocks yesterday, using a brief slip on negative economic news as an opportunity to buy into market leaders. The technology sector showed strength, with Nvidia up 9.8 per cent to $25.68 a day after posting a bullish revenue forecast on accelerating sales of its processors. An [...]