SubscribeAll Posts Tagged With: "American International Group (AIG)"
Market Updates: Campbell Soup (CPB), Fedex (FDX), American International Group (AIG), Wells Fargo (WFC)
Campbell Soup Co. (NYSE: CPB) said fiscal fourth-quarter net income fell to $69 million, or 20 cents a share, from $89 million, or 25 cents a share, as sales dropped to $1.53 billion from $1.71 billion. Excluding items, it would have earned 30 cents a share, topping the 26 cents-a-share guidance. The company sees fiscal year earnings rising 5% to 7%. –Marketwatch
GM’s Chevrolet Equinox, which is powered by a pollution-free fuel-cell, passed its one millionth mile in test drives. GM stated that trials have been done with roughly 5,000 people rotating in and out of more than 100 cars over the past…
Market Updates: American International Group (AIG), Costco (COST), Kraft Foods (KFT), General Electric (GE)
The World Economic Forum says that the United States is no longer the world’s most competitive economy. Switzerland has taken that role. The culprits for the weaker US position are its weakened financial markets and what the organization calls worsening macroeconomic stability, according to 24/7 Wall St.
Credit Suisse downgraded American International Group (NYSE: AIG) to underperform from neutral and slashed its price target to $15 from $30, saying there could be little value left for common equity holders after AIG has sold off its core businesses.
Costco Wholesale Corp. (NASDAQ: COST) was upgraded to overweight from equal weight by Morgan Stanley, which said food…
8Sep2009 | Jutia Group | 0 comments | ContinuedMarket Updates: BP PLC (BP), American International Group (AIG), Pfizer (PFE), JPMorgan Chase (JPM)
The yen rose broadly on Wednesday, hitting a seven week high versus the dollar after a worse-than-expected report on U.S. private sector jobs boosted safe-haven demand for the Japanese currency. U.S. stock futures also added to losses, stoking risk aversion after data showed U.S. private employers cut 298,000 jobs in the month of August. Economists had sought job losses of about 250,000 in August, although the number was far fewer than the revised 360,000 jobs lost in July, according to Reuters.
BP PLC (NYSE: BP) said Wednesday that it had made a "giant" oil discovery in the Gulf of Mexico but had…
2Sep2009 | Jutia Group | 0 comments | ContinuedMarket Updates: American International Group (AIG), Sears Holdings (SHLD), Gap (GPS)
Cash for Clunkers Out of Gas; AIG Shares Surge; Leading Indicators Point to Recovery; Mortgage Delinquencies Break Another Record; Sears Reports Surprise Loss; Gap Profit Dips Slightly
- The government’s popular Car Allowance Rebate System (CARS), popularly known as “Cash for Clunkers,” will end Monday at 8:00pm the Washington Post reported. It’s been a thrill to be part of the best economic news story in America," LaHood said in a statement Thursday. "Now we are working toward an orderly wind down of this very popular program." Officials initially thought money for the program would last at least through Labor Day, but the vast…
Market Updates: Nasdaq OMX Group (NDAQ), News Corp. (NWSA), American International Group (AIG)
Initial Jobless Claims Decline; Nasdaq to Stop “Flash” Order Types Sept. 1; DirecTV Profit Falls But Sales, Subscribers Grow; Comcast Beats the Street; GM Debuts Plug-In Hybrid SUV; Murdoch to Charge for News; Former AIG Execs Pay $16.5 Million in SEC Settlement
- Initial job claims shrank to 550,000 for the week ended August 1, down 38,000 from the previous week’s upwardly revised 588,000, the Labor Department said yesterday (Thursday). “We believe the lower claims figures are an important economic development and confirmation that the economy is turning the corner,” Joseph LaVorgna, chief U.S. economist at Deutsche Bank, wrote in a note to clients,…
Market Update: Boeing (BA), Ford Motor (F), Toyota Motor (TM), American International Group (AIG)
Airbus Parent Wins Saudi Security Contract; Automakers Post Losses; Private Sector Payrolls Shrink by 473,000; Gannett to Lay Off at Least 1,000; Pending Home Sales Rise, Mortgages Fall; Gold Breaks $940 Barrier; SEC Approves “Say-on-Pay” Rules; AIG Shares Drop After Split
- Pan-European aerospace and defense giant EADS NV – the parent company of Boeing Co. (NYSE: BA) nemesis Airbus SAS – yesterday (Wednesday) announced that Saudi Arabia has selected it as the winner of a $2.8 billion border-security contract. The contract calls for EADS to install security checkpoints and radar systems along 5,600 miles (9,000 kilometers) of Saudi Arabian borders over the next five years,…
Market Update: Citigroup (C), General Motors (GMGMQ), American International Group (AIG), Credit Suisse (CS)
Ten More to Be Charged in Madoff Case; British GDP Suffers Highest Drop in Half a Century; Housing Price Drops Slowing; GM Attempts to Emerge From Bankruptcy; Corn & Soybean Planting Up; AIG Gets Government-Backed Board; Japanese Memory Maker Gets Bailout
- Ten more people will be charged in the Ponzi scheme masterminded by newly sentenced Bernie Madoff, The Associated Press has learned. An anonymous source would not detail what the potential charges would be or say whether any of the 10 people include Madoff’s family or former employees. So far only Madoff and an accountant accused of failing to make basic auditing checks have…
Market News: Lowe’s (LOW), American International Group (AIG), State Street (STT), Bank of America (BAC)
China Ramps Up Oil Refining; Lowe’s Tops Forecasts; Toshiba Raising $3 Billion in Stock Sale; AIG Fast-Tracking Asian Subsidiary IPO; Obama Sets First Pollution Limits on Cars; Homebuilder Confidence Highest in 8 Months; State Street Sells $1.5 Billion in Stock to Repay TARP Funds; Oil Spikes on Africa Violence, U.S. Refinery Fire
- China will increase its annual oil refining volume by 18% over the next two years to meet expected long-term demand. China’s State Council also said that it would boost stockpiles and encourage petro companies to merge operations, Bloomberg reported.
- Lowe’s Cos. Inc. (NYSE: LOW) reported an analyst-beating quarterly profit and raised…
Market News: General Motors (GM), Ford (F), Intel (INTC), American International Group (AIG)
Intel Dealt $1.45 Billion Fine; WSJ: Gov’t Wants Financial Sector Pay Overhaul; Verizon Divests Access Lines for Stock; AIG Says 5 Years to Pay Back Gov’t; Foreclosures Jump to Record High; Geithner: Small Banks to Get TARP Funds; Auto Dealers Get The Axe; Ford Raises $1.4 Billion From Stock Sale
- European Union legislators smacked Intel Corp. (NASDAQ: INTC) with a record 1.06 billion euro ($1.45 billion) fine for using illegal rebates to push competition out of the market. The verdict and fine is the culmination of an eight-year investigation on the tech titan, Bloomberg reported.
- The Obama administration is talking about changing compensation practices…
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