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Archive for the ‘Voxant Business’

Chrysler expands recall of vehicles

Chrysler is recalling more than one million vehicles worldwide, including nearly 50,000 in Canada Watch the video at Voxant             

Business Update: Fund dumps BP

Nordic bank Nordea says it is selling its stake in BP and will not make any new investments in the oil company for the time being, because of BP’s role in the Gulf of Mexico oil spill. Watch the video at Voxant             

Business Update: Hungary reviews GDP

Hungary promises to rein in its budget defict, the UK government warns of even harsher budget cuts than anticipated, Prudential’s chaiman confirms dividend will stay unchanged, IATA says profits are on the up for airlines. Watch the video at Voxant             

Downgrades: JCI, AMGN, HSY

This morning, UBS downgraded shares of Johnson Controls (JCI) from Buy to Neutral as the stock price approaches the firm’s price target of $32. Analysts at UBS noted that the stock is price well for the 2010 earnings estimates and better opportunities exisit in the sector. Watch the video at Voxant             

What’s In Store For European Earnings?

Richard Batty, global investment strategist at Standard Life Investments says earnings growth likely to continue in 2010 but also sees headwinds. Watch the video at Voxant             

Davos low-key as banks under fire

As the captains of high finance, industry and politics gather for the World Economic Forum in Davos, Switzerland, bankers are expected to keep a low profile. Watch the video at Voxant             

10/13 Dollar Slide Continues

10/13/09 The US dollar continued to slide this session as rallying commodity prices and a lack of economic data kept investors away from the greenback. Watch the video at Voxant             

Hot Stocks: Energy Pulls Back

Shares lose fire after hitting 2009 highs in the previous session, taking their cue from the broader market. Also in focus: the U.S. Supreme Court will hear an appeal by former Enron chief Jeffrey Skilling. Watch the video at Voxant