Archive for the ‘Finance’ Category
Goldman now faces large fine in UK
Blow to Goldman’s efforts to put the high-profile fraud case behind it following the bank’s settlement with the US Securities and Exchange Commission probe in July for $550m Read More →
Banks Pace Stocks’ Gains
The Dow rose 46.32 points as an easing of anxiety about Europe offset mixed signals on the domestic economy from the White House and the Fed. Read More →
Oracle to Pay Hurd $950,000
Oracle said it will pay Mark Hurd, its new co-president, an annual base salary of $950,000 and be eligible for up to a $10 million bonus in the current fiscal year. Read More →
Ireland to Split Anglo Irish Bank
Ireland's government moved to reassure anxious investors by announcing it will split nationalized lender Anglo Irish Bank in a bid to contain the impact of the bank's bailout on the country's economy. Read More →
Lockheed Says Over 600 Executives Seek Buyouts
Lockheed Martin said more than 600 executives, or one-fourth of the eligible total, applied to accept financial incentives to leave the company. Read More →
Anatolia-Avoca Gold Miner Merger Is Worth $2 Billion
Canada's Anatolia Minerals Development Ltd. and Australia's Avoca Resources Ltd. have agreed to merger in a deal that will create a gold company with a market value of some $2 billion. Read More →
Latin American Markets: Chile central bank ups 2010 growth view, peso up
[at MarketWatch] - Chilean equities rise Wednesday, outperforming their regional rivals after the country s central bank raised its outlook for gross domestic product growth this year. Also, one analyst sees more pressure ahead for shares of Brazilian oil giant Petrobras. Read More →
Dublin in move to split Anglo Irish Bank
The Irish government has sought to bring to a close the costly bail-out of Anglo Irish Bank with the decision to formally separate the bank’s troubled property loans from itscustomer deposits Read More →
Japanese Yen Forex Options Sentiment Suggests Major Reversal Near
[DailyFX] - Intensely choppy forex market price action has made short-term US Dollar forecasts especially difficult, but evidence of sentiment extremes in the Japanese Yen suggests that the USDJPY may soon reverse. Read More →
Summary Box: Dollar stays at low level against yen
[AP] - THE TREND: The U.S. dollar is trading near a 15-year low against the yen as investors continue to see the Japanese currency as a safe haven for their money amid worries about the U.S. economy. Read More →
