Latest News
UPDATE 1-Goldman raises Nasdaq OMX to buy
Reuters | 22 hours 20 minutes ago
Nov 23 (Reuters) - Goldman Sachs upgraded Nasdaq OMX Group (NDAQ.O) to "buy" from "neutral," citing "underappreciated" growth prospects. The brokerage said it sees the Nasdaq Stock Market parent company getting revenue of about $10 million a quarter from its new N2EX British wholesale power exchange, which the company runs along with Nord Pool.... (more)
Analyst Upgrades for November 23rd
Investor's Business Daily | 22 hours 22 minutes ago
Nov 23, 2009 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Analyst Upgrades for 11/23/2009... American Express (AXP) initiated as Overweight at Morgan Stanley... AmerisourceBergen (ABC) upgraded to Market Perform at Bernstein... Ann Taylor (ANN) upgraded to Overweight from Market Weight, $18 target, at Thomas Weisel... Cogent Communications (CCOI) upgraded to Outperform, $11-12 target, at Wells Fargo... D.R. Horton (DHI) upgraded to Hold from Sell, $10.50 target, at Citigroup... Deere (DE)...... (more)
1900 more jobs lost at First Quench
Business Weekly (U.K.) | 22 hours 24 minutes ago
Administrators for Hertfordshire based First Quench, the owner of the Threshers, Wine Rack, Bottoms Up and Victoria Wine brands, have announced a further 1,908 redundancies and the closure of 381 more stores.... (more)
UPDATE 1-Citi, UBS rank low in S&P new capital ratio study
Reuters | 22 hours 31 minutes ago
LONDON, Nov 23 (Reuters) - Citigroup (C.N), UBS (UBSN.VX) and BBVA (BBVA.MC) all have capital ratios well below the average for major banks, according to a rating agency study aiming to strip out inconsistencies in global measures.... (more)
Infinium Capital Expanding Brazilian Trade Via CME Connection
Wall Street Journal, The | 23 hours 38 minutes ago
(This article was originally published Friday.) By Jacob Bunge Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)--Chicago-based Infinium Capital Management will next week expand into Brazilian currency options and cattle futures, part of a broader push by U.S. proprietary trading shops into emerging markets amid a decline in domestic and European activity.... (more)
MOVES-Xchanging Plc, Rothschild
Reuters | 23 hours 39 minutes ago
Nov 23 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, e-mail moves@thomsonreuters.com.... (more)
UPDATE 2-China banks eye cash calls; Beijing denies new rules
Reuters | 23 hours 39 minutes ago
HONG KONG, Nov 23 (Reuters) - China's banking regulator wants big state lenders, including Bank of China (601988.SS) (3988.HK), to raise their capital adequacy ratios after a lending boom this year, according to a source with direct knowledge of the matter.... (more)
BAY STREET-Canada banks to cap 2009 with decent quarter
Reuters | 23 hours 43 minutes ago
TORONTO, Nov 23 (Reuters) - It was supposed to be a year of blood-letting, but Canada's big banks are poised to close 2009 with another decent quarter as strong trading revenues again offset big loan losses.... (more)
India's Axis Bank to stay focused on corp loans
Reuters | 23 hours 46 minutes ago
MUMBAI (Reuters) - Indian private-sector lender Axis Bank (AXBK.BO: Quote, Profile, Research, Stock Buzz) plans to keep its focus on corporate lending, with retail loans to stay a small part of its loan book, a senior official told on Monday.... (more)
Big payouts for Lehman and Bear Stearns execs: WSJ
MarketWatch | 23 hours 51 minutes ago
The top executives at Lehman Brothers Holdings Inc... (more)
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