FTSE down on banks, miners – Jan 15, 2010
Jan 17, 2010 Make Money Online
Britain’s top share index ended 0.8 percent lower on Friday, echoing falls on Wall Street after disappointing U.S. data weighed on sentiment with miners and banks, spearheads of the recent recovery, the heaviest fallers.
The FTSE 100 closed down 42.83 points at 5,455.37, but the index remains 57 percent higher since its six-year trough in March 2009, and up 0.8 percent so far in 2010.
In the United States, the S&P 500 and Dow Jones were around 1 percent lower as the British market closed, after a survey showed consumer sentiment stalled in early January. Read the rest of this entry »
Tags: bank, Bank of America, Barclays, British American Tobacco, Citigroup, CMC Market, Dow Jones, FTSE, Goldman Sachs, HSBC, JPMorgan Chase & Co, Lloyds Banking Group, Morgan Stanley, Share index, Standard Chartered, Stock Market, Wall Street
Europe shares start 2010 on a high on banks, commods
Jan 4, 2010 Make Money Online
European shares rose on the first session of the year on Monday, extending last year’s strong run, with banks, oil producers and drugmakers leading the gainers.
By 0807 GMT, the FTSEurofirst 300 .FTEU3 index of leading European shares was up 0.7 percent at 1,052.91 points, after surging 25.7 percent in 2009 — its best yearly gains in a decade after a dismal 2008.
Novartis (NOVN.VX) fell 0.3 percent after the drugmaker said it plans to get full control of eye care group Alcon (ACL.N) for a total of $39.3 billion, to diversify away from prescription drugs, after agreeing to acquire a majority stake from Nestle (NESN.VX). [ID:nLDE6030BH]
Read the rest of this entry »
Tags: Alcon, AstraZeneca, bank, Britain's Cadbury, drugmaker, European shares, Eye Care, GlaxoSmithKline, Nestle, Novartis, prescription drugs, Roche, Royal Dutch Shell, Sanofi-Aventis, Stock Market
Forex and Dow Jones recommended levels By Nikolajs Serikovs
Jan 4, 2010 Make Money Online
January 04, 2010. GMT 03:40
EUR/USD
Today’s support: – 1.4257(main), where correction is possible. Break would give 1.4241, where correction also may be. Then follows 1.4222. Break of the latter would result in 1.4200. If a strong impulse, we would see 1.4190. Continuation will give 1.4177. Read the rest of this entry »
Today’s resistance: – 1.4355(main). Break would give 1.4390, where a correction is possible. Then goes 1.4406. Break of the latter would result in 1.4423. If a strong impulse, we’d see 1.4447. Continuation will give 1.4468 and 1.4492.
Oil slips towards $77 ahead of U.S. stocks data By Christopher Johnson
Nov 24, 2009 Make Money Online
Oil slipped toward $77 a barrel on Tuesday ahead of data expected to show crude inventories rising in the United States but trade was thin ahead of the Thanksgiving holiday.
A weekly report from the American Petroleum Institute (API) due at 4:30 p.m. EST (2130 GMT) was likely to paint a bearish picture of U.S. energy demand, analysts said.
A Reuters survey of analysts forecast the U.S. inventory data would show a 1.6 million barrel build in crude stocks for the week to November 20, as production rebounded from Gulf of Mexico disruptions caused by Tropical Storm Ida.
U.S. crude for January delivery eased 11 cents to $77.45 a barrel by 7:55 a.m. EST (1255 GMT), after settling up 9 cents at $77.56 on Monday. London Brent crude was up 19 cents to $77.65. Read the rest of this entry »
Tags: American Petroleum Institute, API, Natural Gas, NGLs, Oil Price, OPEC, Stock Market, Tropical Storm, WSI Corp
Barron’s picks 10 stocks as good dividend bets
Nov 23, 2009 Make Money Online
Barron’s highlighted ten companies that it sees as good bets for investments with big dividends that look safe for the long term, including Banco Santander (SAN.MC) at the top of its list and Verizon Communications (VZ.N).
Barron’s Nov 23 edition cited Banco Santander’s relative financial strength in a troubled industry as well as its geographic diversity and a 10-year return rate of 9.2 percent, annualized through Oct 30 2009.
It said its No. 2 pick Chevron (CVX.N) offers a dollar hedge, exposure to oil and gas and a 8.8 percent 10-year return on the same basis as the first company on the list.
The paper’s No. 3 is chip market leader Intel Corp (INTC.O), which recently raised its dividend. Barron’s said “there is probably more of that to come” but noted that its 10-year return rate was a negative 5.6 percent. Read the rest of this entry »
Tags: AAPL.O, Abbott Labs, ABT.N, ADR, Apple Inc's, AT&T inc, Banco Santander, Barron, Chevron, Coca-Cola, CVX.N, Dividend Stock, Emerson Electric, EMR.N, Healthcare, healthcare product, insurance, INT.O, Intel Corp, iPhone, JNJ.N, Johnson & Johnson, KO.N, LMT.N, Lockheed Martin, McDonald's, McDonald's Corp, Merck, Microsoft, MRK.N, MSFT.O, Novartis, NOVN.VX, PEP.N, PepsiCo, PG.N, Procter & Gamble, quintessential, Retirement Fund, SAN.MC, Stock Market, TEF.MC, TEF.N, Telefonica's, Tylenol and Band Aid, United Technologies Corp, UTX.N, Verizon Communications, VOD.L, Vodafone Group Plc, VZ.N, Wal-Mart, WMT.N
Cadbury hits new high as bidders circle – By David Jones
Nov 23, 2009 Make Money Online
Speculation of a bid battle for Cadbury between Kraft Foods and other rivals who are considering making takeover offers lifted shares in the British confectioner to a new high, analysts said on Monday.
Most of the other big players in the global confectionery industry — U.S.-based Hershey Co, Italy’s Ferrero and Switzerland’s Nestle AG — are now weighing bids themselves, according to Reuters sources and media reports.
“We think the probability of a competitive auction for Cadbury has increased,” said analyst Martin Deboo at brokers Investec Securities.
Many analysts doubt whether either of these three would bid alone, but possible combinations of them could trump Kraft’s current cash and shares 9.9 billion pounds ($16.4 billion) bid or push the American food giant into a higher offer.
Kraft made its cash and shares bid for Cadbury earlier this month, which currently values Cadbury shares at around 723p, and may raise its bid if other rival bidders emerge, said a source familiar with the situation late Sunday. Read the rest of this entry »
Tags: Bidders Circle, Cadbury, Hershey Co, Stock Market
Gold at new high as dollar slides, stocks gain By Jeremy Gaunt, European Investment Correspondent
Nov 23, 2009 Make Money Online
Gold powered to another record high on Monday as expectations that U.S. interest rates will remain low weighed on the dollar, while higher commodity prices lifted world equities.
MSCI’s all-country world stock index .MIWD00000PUS was up 0.9 percent, led by European and emerging market shares that are sensitive to commodities.
Gold hit a record high at $1,167.45 an ounce before slipping back a bit, bringing this year’s gains to around 32 percent.
The main catalyst for gold’s rise has been the falling dollar, which makes the metal more attractive to non-dollar investors and encourages others to hedge.
Read the rest of this entry »
Tags: .DXY, AAL.L, Anglo American, ANTO.L, Antofagasta, BG Group, BG.L, BHP Billiton, BLT.L, BP, BP.L, Commodity price, ENRC.L, Eurasian Natural Resources Corporation, Gold, Gold Price, MSCI, RDSa.L, Rio Tinto, RIO.L, Royal Dutch Shell, Stock index, Stock Market, Total, TOTF.PA, Wall Street, Xstrata, XTA.L
Malaysia’s Oct auto sales up 22.9 pct on year
Nov 19, 2009 Make Money Online
Malaysia’s total vehicle sales MYCAR=ECI jumped 22.9 percent to 46,092 units in October from a year earlier, a trade body said on Wednesday.
October sales were slightly higher compared to September due to a recovery in domestic demand, the Malaysian Automotive
Association said in a statement.
The association had previously said total vehicle sales would reach 500,000 units this year. Year-to-date, 443,711 Read the rest of this entry »
vehicles have been sold, down 5.1 percent from a year ago.
Tags: Auto, Auto sale, Automotive Association, Stock Market, Vehicle sale
Blackstone eyes Citi’s auto-loan unit
Nov 19, 2009 Make Money Online
Blackstone Group (BX.N) and other private equity firms have held informal talks with Citigroup Inc (C.N) over its auto loan unit CitiFinancial Auto, the New York Post said, citing sources.
The unit maintains a loan portfolio of about $16 billion, according to the paper.
Blackstone and Citigroup could not be immediately reached for comment by Reuters outside regular U.S. business hours.
The U.S. government injected $45 billion into Citigroup and is the bank’s largest shareholder, with a roughly 34 percent stake.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by David Holmes)
–Reuters.com–
Tags: Auto, Auto Loan, BlackStone, Blackstone Group, BX.N, C.N, CitiFinancial Auto, Citigroup Inc, Shareholder, Stock Market
Sony pushes back profit margin target to 2013
Nov 19, 2009 Others
By Kiyoshi Takenaka and Mayumi Negishi
Japan’s Sony Corp pushed back an elusive target of an operating profit margin of 5 percent to March 2013, as it heads for its second straight loss and loses ground to overseas competitors.
Sony, which is shedding jobs, closing plants and selling non-core assets this year, said on Thursday it now aims to earn a 5 percent operating profit margin and a 10 percent return-on-equity in the year ending in March 2013.
Sony Chief Executive Howard Stringer had originally set the 5 percent margin target in 2005 for the financial year to March 2008 but the company narrowly missed it, and its plans for recovery have since been waylaid by the economic slow down.
The maker of Bravia TVs and PlayStation game consoles said it would deliver on its promise to make its LCD TV and game operations profitable, launch 3D TVs and make a belated entry into lithium-ion batteries for electric vehicles.
Investors have been waiting for years for a convincing growth strategy from Sony management.
“It will be quite a challenge for Sony to turn its TV business profitable next year. Price declines are cancelling their cost cut efforts,” Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management Co said. Read the rest of this entry »
Tags: Amazon, LCD TV, Microsoft Corp, Nintendo Co Ltd, Profit, Samsung Electronics Co Ltd, Share, Sony, Sony Corp, Sony management, Stock Market, TV business
