Archive for the ‘Global economy’ category
Friday, April 11th, 2008

General Electric Co. reported its first decline in quarterly profit since 2003, missing analysts’ estimates with a 12 percent drop in earnings.GE fell as much as 12 percent, the most since 1987. General Electric was forced to cut the value of some securities in the last two weeks of March as capital markets seized up, [...]

Wednesday, April 2nd, 2008

The U.S. stock market posted its best start to a second quarter in 70 years after Lehman Brothers Holdings Inc. and UBS AG said they are raising $19 billion to replenish capital. By raising capital, they might handle further credit losses. Lehman rose for the first time in seven days and UBS sparked a rally [...]

Monday, March 24th, 2008

March 24 – U.S. stocks went up after JPMorgan Chase & Co. increased its bid for Bear Stearns Cos., and sales of existing homes unexpectedly rose. JPMorgan quadrupled its offer for Bear to $10 a share. Bear Stearns climbed $6.75, or 113 percent, to $12.71. JPMorgan will exchange stock worth about $10 for each Bear [...]

Friday, March 21st, 2008

The commodity collapse the biggest in at least five decades. The Standard & Poor’s 500 Index posted its first weekly gain in a month, and the dollar leapt from its lowest level since 1973. It’s look like the Fed has done the right move.
Investors who had poured money into gold, oil and corn, seeking a [...]

Friday, March 21st, 2008

Intel Ups Payout – March 21, 2008 – Forbes.com Market News: Chipmaker raises dividend as it readies cheap computer.
Packeteer Bid Turns Hostile – March 21, 2008 – Forbes.com Market News: Frustrated shareholder launches tender offer for network firm.
Palm Can’t Pull Out Of Its Slump – March 21, 2008 – Forbes.com Market News: The smart-phone maker [...]

Wednesday, March 19th, 2008

March 18 — The Federal Reserve cut its main lending rate by three-quarters of a percentage point to 2.25 percent as officials try to recover the economy and restore faith in the U.S and global market. The credit problem cause banks reluctant to lend to each other. Due to worries of inflation, the Fed are [...]

Friday, March 14th, 2008

March 13 — Standard & Poor’s(S&P), the ratings company says the end of subprime writedowns is near. S&P reported Writedowns from subprime-tied securities will probably rise to $285 billion, or $20 billion more than S&P forecast two months ago. More than $150 billion have been reported already by banks, brokers and insurers. S&P raised its [...]

Thursday, March 13th, 2008

March 13, Carlyle Group bond fund said it defaulted on $16.6 billion in debt. This has cause U.S. stocks to fell again. Retail sales which dropped also add the presure. The dollar slid to a 12-year low against the yen after tumbling home-loan assets left the Carlyle fund insolvent. The dollar fell below 100 yen [...]

Wednesday, March 12th, 2008

March 11 . U.S. stocks rallied the most in five years after Federal Reserve said it will pump $200 billion into the financial system. The S&P 500 added 47.28 points, or 3.7 percent, to 1,320.65, trimming its decline for the year to 10 percent. The Dow Jones Industrial Average gain 416.66, or 3.6 percent, to [...]

Saturday, March 8th, 2008

Stock fell around the world on March 7, 2008. A series of bad news just keep coming. The biggest drop in jobs since 2003 sent energy and mining companies stock in US lower. Coal Drops as increased production in South Africa reduced demand for U.S. exports to Europe. Payrolls fell by 63,000, the most in [...]