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
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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.
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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.
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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.
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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.
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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.
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10/13 Market Movers: JNJ, GS, CSCO, STAR, INTC, CIT
10/13/09 The latest news and information on U.S. stocks that are moving the market.
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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.
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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.
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