Wall Street slides on manufacturing August 1, 2011 THE S&P 500 fell for a sixth day yesterday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling. The market pared losses late in the day before Congress was expected to vote on a debt deal backed by the White House, which [...]
CITY MOVES | WHO’S SWITCHING JOBS July 26, 2011 Cushman & Wakefield The world’s largest privately-held commercial real estate services firm has appointed Sophie Hodges as consulting manager in its Europe, Middle East and Asia business consulting team. Hodges rejoins from Ernst & Young, having previously worked at Cushman & Wakefield as a client solutions consultant from 2007 to 2009. In her new role [...]
US debt discussion boosts Wall Street July 21, 2011 US stocks climbed yesterday as signs of progress on the US debt talks and concrete action from Europe on its own debt crisis heartened investors. Unexpectedly robust earnings results from Morgan Stanley, whose shares rose 11 per cent to $24.20, extended a relief rally in bank stocks after Goldman Sachs’ dismal trading profits stunned the [...]
US shares pause on budget worries July 20, 2011 US stocks closed near unchanged yesterday, a day after Wall Street’s best rally since March, as the oncoming debt ceiling deadline overshadowed strong earnings from Apple. Apple hit another all-time high one day after the maker of the iPhone and iPad reported quarterly revenues that far exceeded expectations. The stock jumped 2.7 per cent to [...]
Coca-Cola shares up after better than expected profit July 19, 2011 Coca-Cola has posted slightly better-than-expected earnings on strength in emerging markets despite a slowdown in sales in north America. The world’s largest soft-drink maker, with brands including Sprite, vitaminwater and Powerade, does the majority of its business outside the US – an asset that has kept it in favor with investors despite home market struggles, [...]
$1.4trn in US cuts agreed July 14, 2011 STOCKS spiked briefly in New York last night after the White House briefed that Republicans and Democrats have agreed on $1.5 trillion (£930bn) in deficit cuts, with further progress to come. Talks have spilled into this week from last weekend, with heated exchanges allegedly causing US President Barack Obama to storm out of one meeting. [...]
NYSE votes for Deutsche deal July 7, 2011 SHAREHOLDERS in the New York Stock Exchange (NYSE) yesterday agreed to its planned $9.6bn (£6bn) takeover by Deutsche Boerse. The deal now needs approval from 75 per cent of the Frankfurt exchange operator’s shareholders by next Wednesday. The creation of the exchange titan also needs to survive a European Commission antitrust review.
Commodity shares lift FTSE on sunny US and China stats July 7, 2011 COMMODITY stocks led the FTSE 100 sharply higher yesterday, as US jobs data boosted confidence that the world’s biggest economy was showing signs of picking up heading into second-half. Integrated oils rose along with crude oil as reports showed US private employers stepped up hiring in June and the number of Americans filing for jobless [...]
Wall Street pauses despite Euro fears July 5, 2011 US stocks ended a thinly traded session mostly flat yesterday as investors paused after last week’s surge, though continually light volume suggested the market could encounter more choppy trading. The Nasdaq closed higher for its sixth straight day, helped by strength in Netflix, while the Dow and the S&P 500 ended five-day streaks that marked [...]
Nasdaq considers approach for London Stock Exchange July 3, 2011 NASDAQ, the US bourse, is understood to be considering a bid for the London Stock Exchange. The LSE became a potential target for Nasdaq chief Bob Greifeld after it failed to tie-up an agreed merger with Toronto bourse operator TMX Group. Greifeld is understood to have asked his senior executives to look at putting together [...]