WHAT THE OTHER PAPERS SAY THIS MORNING April 4, 2011 FINANCIAL TIMES UNITED ANGER AT EU CARBON RULE The European Union’s plan to pull almost every leading airline into its scheme to limited carbon emissions is so “beyond the pale”, that a foreign government is certain to challenge it, according to the head of the world’s largest airline by passenger traffic, the newly merged United [...]
US treads water ahead of jobs data March 31, 2011 US stocks ended a solid quarter with the barest of moves yesterday, as investors looked ahead to Friday’s US jobs report to provide a catalyst to push indexes to new highs for the year. After gaining 5.4 per cent in the first quarter, the benchmark S&P 500 hovered near 1,330, a level the index has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 30, 2011 FINANCIAL TIMES CHRISTIAN CANDY TO RESELL GOLD SHARES Christian Candy, the property developer, is to sell shares back to minority investors in a gold mining company after his attempt to take the mine owner private was thwarted. The agreement is part of a deal that could strengthen the rights of small investors. It is set [...]
BATS Global Markets to offer primary listing service in the US March 29, 2011 EQUITY trading platform BATS Global Markets is to launch its own primary listings business to bring it directly into competition with national stock exchanges, it said yesterday. The new platform will be called BATS Listings and launch in the last quarter of this year to compete directly with exchanges such as the Nasdaq and New [...]
US trading volume low amid uncertainty March 29, 2011 STRENGTH in energy lifted US stocks yesterday as investors concentrated on adding to winning positions as the quarter winds down, but uncertainty kept trading volume light. About 6.2bn shares traded in composite volume on the New York Stock Exchange, NYSE Amex and Nasdaq, the second-weakest of 2011 and below last year’s estimated daily average of [...]
Marriott’s warning sparks retail fears March 28, 2011 US stocks fell yesterday as the corporate outlook was clouded ahead of earnings and uncertainty continued to creep from abroad, while volume hit its lowest level of the year. A warning from hotel operator Marriott International hurt hotel and other consumer shares, amid expectations of other negative corporate earnings pre-announcements. “Corporations now have several excuses [...]
Wall St rises as investors dismiss Middle East fears March 23, 2011 US stocks advanced yesterday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest. The market’s favoured indicator of anxiety, the Chicago Board Options Exchange Volatility Index or VIX, shows investor worry over unsettled world situations has been tempered for the moment. But [...]
Wall Street slides amid light trading March 22, 2011 WALL Street snapped a three-day winning streak yesterday, even as investors adjusted to the insecurity created by events in Japan, the Middle East and North Africa. The Dow Jones industrial average shed 17.90 points, or 0.15 per cent, to 12,018.63. The Standard & Poor’s 500 Index dropped 4.61 points, or 0.36 per cent, to 1,293.77. [...]
Angry Birds creator mulls IPO March 18, 2011 Angry Birds creator Rovio is set for a stock market listing, according to reports from Finland today. The maker of the popular videogame mobile app could be listed on the New York Stock Exchange as early as next year, its chairman Kaj Hed said. Hed first broke the news to Finnish magazine, Talouselama (Economy), where [...]
Bargain hunters help lift Wall St March 17, 2011 WALL Street rebounded after three days of declines yesterday, but the advance could be temporary as concerns about Japan’s nuclear crisis persisted. The S&P 500 recovered after giving up the year’s gains on Wednesday, but options activity showed traders are increasing hedges against another decline in stocks. “As the headlines come out of Japan, there [...]