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How Much Worse Will the Global Slump Get?
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Controlled Greed
1 hours ago
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- style='width:105px;'Controlled Greed
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3.3 stars from 8 votes
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I caught Larry Kudlow's CNBC show Friday evening, which included Gary Shilling on the show's roundtable. Shilling said we'll NOT see a pick up in the second half of this year and sounded like there's more bad stuff to come.
Some on the panel laughed...
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Sectors Nearest New Highs
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The Market Speculator
1 hours ago
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- style='width:105px;'The Market Speculator
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4.9 stars from 9 votes
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Here is a list of sectors ranked according to "percent of 52 week high".
Most sectors on this list will come as no surprise. However, "regional southwest banks" threw me for a loop. I dug deeper and looked...
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Australia’s Westpac, St George to merge
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FT Alphaville
2 hours ago
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- style='width:105px;'FT Alphaville
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4 stars from 6 votes
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Australia’s Westpac Banking Corporation is in talks to buy smaller domestic rival St George in a move that would create the country’s largest bank with a market value of about A$65bn ($61bn). Trading in shares of both banks was suspended on Monday ahead...
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M Stanley raises $4bn infrastructure fund
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FT Alphaville
2 hours ago
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- style='width:105px;'FT Alphaville
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4 stars from 6 votes
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Morgan Stanley will on Monday announce it has raised a $4bn private equity fund dedicated to infrastructure projects – the latest move by a fund manager into sectors and countries that have not been affected by the financial crisis. The fund, which already...
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Vodafone denies MTN interest
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FT Alphaville
2 hours ago
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- style='width:105px;'FT Alphaville
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4 stars from 6 votes
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Vodafone insisted at the weekend it had no plans to make a bid for MTN, a leading mobile phone operator in Africa and the Middle East, reports the FT. The UK group last week reviewed the case for bidding for MTN after Bharti Airtel, India’s largest wireless...
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British Energy will not go to one bidder
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FT Alphaville
2 hours ago
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- style='width:105px;'FT Alphaville
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4 stars from 6 votes
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The UK government has ruled out selling British Energy to a lone bidder, reports the Daily Telegraph, despite the fact that France’s EDF was the only party to make a bid for the owner of Britain's nuclear reactors by last Friday's auction deadline. The...
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Citi eyes sale of Japan unit
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FT Alphaville
2 hours ago
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- style='width:105px;'FT Alphaville
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4 stars from 6 votes
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Citigroup is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday, reports Reuters. The biggest US bank is aiming to...
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Cablevision near deal to buy Newsday
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FT Alphaville
2 hours ago
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- style='width:105px;'FT Alphaville
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4 stars from 6 votes
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News Corp has dropped out of the running for Newsday, the Long Island tabloid being sold by Tribune Compay, making Cablevision and the Dolan family the most likely candidates to acquire the paper. News Corp originally submitted a $580m bid for the paper,...
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CMB in Wing Lung bid
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FT Alphaville
2 hours ago
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- style='width:105px;'FT Alphaville
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4 stars from 6 votes
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China Merchants Bank has joined the bidding for Wing Lung Bank in a deal that could value the Hong Kong company at about $5bn, as China’s sixth-largest lender seeks to increase its presence in the city. CMB will vie with bigger domestic rival Industrial...
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Iceland’s top banks rebound
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FT Alphaville
2 hours ago
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- style='width:105px;'FT Alphaville
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4 stars from 6 votes
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First-quarter results from Iceland’s three leading banks in the past week suggest that the Icelandic banking storm of 2008 may finally be blowing itself out and that, by most internationally accepted measures, Iceland’s banks are more operationally sound...
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