Posts Tagged “Macro Market Overview”

Volkswagen shares drop on profit outlook, Scania bid

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FRANKFURT/STOCKHOLM (Reuters) – Volkswagen shares dropped on Monday after Europe’s biggest carmaker said its operating profit margin was likely to miss analyst forecasts this year and it would ask…     

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Sports Direct seeks Debenhams links after stock swoop

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LONDON (Reuters) – Britain’s Sports Direct has bought close to a 5 percent stake in Debenhams , raising the possibility of the troubled department store group selling some of the value retailer’s…     

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Fiat shares jump on Chrysler merger deal but worries remain

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MILAN (Reuters) – Fiat shares jumped on Thursday after it struck a $4.35 billion deal to gain full control of Chrysler Group LLC, but doubts remained over whether the Italian carmaker can use the…     

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Darden to spin off or sell Red Lobster restaurant chain

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Darden Restaurants Inc said it would sell or spin off its Red Lobster business, buckling under pressure from activist investor Barington Capital Group. Barington wants Darden to split into two companies …     

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Accenture revenue rises as outsourcing demand grows

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Accenture Plc reported a 2 percent rise in quarterly revenue as demand for outsourcing services helped to offset a drop in income from its bigger consulting business. Net income rose to $811.6 million, …     

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Genting to spend $3-4 billion in Las Vegas in push for U.S. gaming empire

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Genting Bhd, Southeast Asia’s biggest gaming group, will spend an initial $3 billion to $4 billion to develop an unfinished resort on the Las Vegas strip, as it seeks to build a U.S. empire of casino and leisure assets. Genting, which has held Malaysia’s sole casino license since the 1960s, has focused its international expansion…

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New Basel study confirms variations in how banks tot up risks

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Global banking regulators have reinforced their campaign to impose more consistent ways for banks to assess risks on their trading books with a second finding of wide variations between systems in use in the sector. The Basel Committee said on Tuesday a review of how lenders assign risk weightings to more complex trading positions showed…

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Live: Fed Meeting Tomorrow; Google Buys Robot Maker; Sprint May Buy T-Mobile

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Join Hot Stock Minute live now for the latest premarket headlines and which stocks to watch before the opening bell. (Click to watch)     

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Criminal Action Is Expected for JPMorgan in Madoff Case

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Federal authorities and JPMorgan Chase are expected to settle charges over ties to Bernard L. Madoff, who operated a billion-dollar Ponzi scheme using an account at the bank.     

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