RSS Updates
Email Updates
Economists still expect layoffs in the US and Europe to slow as the recovery gains momentum. Pessimists among experts on GDP growth and job losses believe that the major risk of a double-dip recession is that unemployment will keep rising well beyond the middle of next year. Read More
Posts for Ticker ‘RBS’
The Layoff Culture Lives On
Asia Market And Europe Open 11/3/2009
Markets in Asia were mixed.
The Hang Seng was down 1.8% to 21,240.
The Shanghai Composite was up 1.2% to 3,114.
At the open in Europe, The FTSE was down 1% to 5,053. RBS (NYSE:RBS) fell sharply. The Dax fell 1% to 5,376. The CAC 40 was lower by 1.1% to 3,600.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Asia Markets And Europe Open
Stocks in Asia were lower.
The Nikkei fell 2.3% to 9,803.
The Hang Seng was down .7% to 21,609.
The Shanghai Composite rose 2.7% to 3,077.
At the open in Europe, the FTSE was down .3% to 5,032. The Dax was lower by .2% to 5,402. The CAC 40 dropped 2% to 3,599. RBS (NYSE:RBS) fell by over 10%
Data from MarketWatch and Reuters.
Douglas A. McIntyre
Wall St. Bonus Fever Spreads To UK
Wall St. will not be the only place where key workers will get multi-million dollar bonuses this year.
RBS (NYSE:RBC), a UK financial firm which came within days of failing and received massive government aid, will pay some of its executives and traders up to 5 million British pounds. Many of the packages will reach levels similar to those of the banking boom years of 2006 and 2007.
The Times of London also reports that management at Barclays (NYSE:BCS), one of the largest banks in the world, will give senior staff bonuses which reach well into the millions of pounds. Payments to top management may go into the tens of millions. Read More
Today’s Best Market Rumors (9/14/2009) (WMT)(S)(RBS)(MSFT)(AIG)(LINTA)
Updated throughout the day.
Updated 12.02 PM EST: Wal-Mart (NYSE:WMT) will have a national roll-out of its “no contract” cellular service which could put sales pressure on Sprint (NYSE:S) (Reuters)
Updated 9.23 AM EST: Rupert Murdoch’s News Corp (NYSE:NWS) and John Malone’s Liberty Media (NASDAQ:LINTA) are interested in GE’s NBCU (Reuters & CNBC)
Apple (NASDAQ:AAPL) is shipping versions of its 3Gs iPhone with alterations to fight back at hackers. (iClarified)
RBS (NYSE:RBS) may sell 300 branches. (FT)
The head of AIG’s (NYSE:AIG) International Lease Finance aircraft leasing firm, Steven Udvar-Hazy, may buy $2 billion in planes from the huge insurance firm to start his own company. (Bloomberg)
Comcast (NASDAQ:CMCSA) in interested in NBC Universal because it thinks it can buy the company well below its value because of GE’s (NYSE:GE) desperation to exit the business. Vivendi is playing hardball on the price of its 20% stake in NBCU (NYPost).
Net neutrality and the rise in the transfer of large data files will make the internet collapse (Ars Technica)
Former employees of Citadel Investment Group will start their own hedge fund (WSJ)
The release of Microsoft’s (NASDAQ:MSFT) Windows 7 could push up Apple’s Mac sales. (Fortune)
You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.
Douglas A. McIntyre
Media Digest (10/2/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The retirement package for Ken Lewis of Bank of America (BAC) may be as high as $125 million.
Reuters: US car sales plunged in September with Ford (F) up and GM down. Toyota (TM) and Honda (HMC) also lost sales.
Reuters: The CIT (CIT) board approved a restructuring plan. Read More
Media Digest 8/7/2009 Reuters, WSJ, NY Times, FT, Bloomberg
Reuters: A college education no longer means easy employment in China.
Reuters: Fannie Mae (FNM) lost $14.8 billion.
Reuters: The auto “clunkers” legislation passed the Senate.
Reuters: Obama is in no rush to decide Bernanke’s appointment to a new term. Read More
Asia Markets And Europe Open 8/7/2009
Markets in Asia were mixed
The Nikkei rose .2% to 10,412.
The Hang Seng fell 1.5% to 20,596. China Mobile (CHL) rose sharply.
The Shanghai Composite dropped 2.7% to 3,281.
At the open in Europe, the FTSE fell .6% to 4,665. RBS (RBS) fell on poor numbers. The Dax fell .6% to 5,337.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Asia Markets And Europe Open 8/6/2009
Markets in Asia were mixed.
The Nikkei rose 1.3% to 10,389. Toyota (TM) rose over 3%.
The Hang Seng rose .8% to 20,647.
The Shanghai Composite was down 2.1% to 3,356.
At the open, the FTSE was up .9% to 4,685 RBS (RBS) rose on strong results. The Dax was up 1% to 5,406.
Data from MarketWatch and Reuters.
Douglas A. McIntyre
Top Analyst Downgrades (AXP, BKE, CIEN, ENER, IP, LINTA, RBS, STO, TSM, TIN, VSAT)
These are some of the top analyst downgrades and cautious research calls we have seen from Wall Street early this Tuesday morning:
American Express (AXP) Started as Underperform at RBC.
Buckle (BKE) Cut to Underweight at KeyBanc.
Ciena (CIEN) Cut to Underperform at JMP Securities.
Energy Conversion Devices (ENER) Cut to Hold at Citi; Cut to Neutral at Credit Suisse.
International Paper (IP) Cut to Hold at Deutsche Bank.
Liberty Media (LINTA) Cut to Sell at Citi.
Royal Bank of Scotland (RBS) Cut to Underperform at Credit Suisse.
StatoilHydro (STO) Cut to Hold at Societe Generale.
Taiwan Semiconductor (TSM) Cut To Market Perform at FBR.
Temple-Inland (TIN) Cut to Hold at Deutsche Bank.
ViaSat (VSAT) Cut to Hold at Collins Stewart.
JON C. OGG
Top Analyst Downgrades (BCS, NILE, ED, MVL, RBS, SRE, UBS)
These are the top pre-market analyst downgrades or cautious calls we have seen from Wall Street this Wednesday morning with more than two hours until the market opens:
Barclays (BCS) Cut to Sell at UBS.
Blue Nile (NILE) Cut to Negative at Susquehanna.
Consolidated Edison Inc. (ED) Cut to Hold at Jefferies.
Marvel Entertainment (MVL) Cut to Market Weight at Thomas Weisel.
Royal Bank of Scotland (RBS) Cut to Sell at UBS.
Sempra Energy (SRE) Cut to Hold at Jefferies.
UBS (UBS) Cut to Hold at Societe Generale; Raised to Hold from Sell at ING.
JON C. OGG
Banks Commit $337 Million To Utah Wind Power Project (RBS, STD, KEY, CS, GE)
An independent wind energy developer called First Wind announced today that it has obtained $376 million in financing for its wind generation project in Milford, Utah. This is for a 203.5 MW project called the Milford Wind Corridor Phase I.
The Royal Bank Scotland plc (NYSE: RBS) was lead arranger for this loan. Other banks which were listed as joint lead arrangers for the financing were Banco Santander (NYSE: STD), KeyCorp.’s (NYSE: KEY) KeyBank, Credit Suisse Group (NYSE: CS), Banco Espirito Santo, BNP Paribas, CoBank, HSH Nordbank, and Société Générale. General Electric Co. (NYSE: GE) Wind Turbines will be used.
Read More
Media Digest 4/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama must get Americans to spend now and save later to help the economy, and consumers are wary of spending.
Reuters reports that the SEC will consider restricting short sellers.
Reuters reports that the AIG (AIG) aircraft leasing unit is seeking a $5 billion credit line from the government.
Reuters reports that mortgage delinquencies soared in the US. Read More
Top Analyst Downgrades (ANSS, CBT, ED, CFR, DUK, LLY, EL, GGP, HW, ISRG, OMTR, RBS)
These are some of the top analyst downgrades and cautious research calls we have seen from Wall Street early this Tuesday morning:
Ansys (ANSS) Cut to Neutral from Overweight at JPMorgan.
Cabot (CBT) Cut to Underweight at JPMorgan.
Consolidated Edison (ED) Cut to Neutral at Credit Suisse.
Cullen/Frost Bankers (CFR) Cut to Underperform at Oppenheimer.
Duke Energy (DUK) Cut to Neutral at Credit Suisse.
Eli Lilly (LLY) Cut to Underperform at Leerink Swann.
Estee Lauder (EL) Cut to Sell at UBS.
General Growth Properties (GGP) Cut to Market Perform at Wachovia.
Headwater (HW) Cut to Hold at Canaccord Adams.
Intuitive Surgical (ISRG) Cut to Market Perform at Leerink Swann.
Omniture (OMTR) Cut to Hold at Citigroup.
Royal Bank of Scotland (RBS) Cut to Market Perform at Bernstein.
JON C. OGG
Top Analyst Downgrades (AXP, ADSK, DKS, IFF, RBS, SLB)
These are the top pre-market analyst downgrades and negative calls from Wall Street that we have seen this Wednesday morning:
- American Express (AXP) Cut to Sell from Neutral at Goldman Sachs.
- Autodesk (ADSK) Cut to Underweight from Hold at KeyBanc.
- Dick’s Sporting Goods (DKS) Cut to Neutral at Piper Jaffray.
- International Flavors (IFF) Cut to Underweight at Morgan Stanley.
- Royal Bank of Scotland (RBS) Cut to Hold at Citigroup.
- Schlumberger (SLB) Cut to Hold at Citigroup.
JON C. OGG
Media Digest 3/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, AIG (AIG) will receive as much as $30 billion from the government in a deal which pieces of some of the insurance company will be owned by the Fed.
Reuters reports that HSBC (HBC) announced a $17.8 billion rights offering.
Reuters reports that the GM (GM) “culture” may be too big a problem to overcome. Read More
RBS (RBS) Loses $34 Billion: Banks Still Have Capacity To Surprise
As the US government goes though the process of stress testing banks, it may want to be instructed by the lesson of RBS (RBS) which managed to loss $34 billion last year. The UK government picked up the privilege of insuring $462 billion in assets in the process.
Since the UK government owns 70% of RBS, the numbers should not have come as a surprise, but for traders they clearly were. The intervention by the central bank helped drive RBS shares up despite its trouble. Read More
Media Digest 2/25/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama is pushing for a new health-care plan which will take ten years to fully take effect.
Reuters says Obama is pushing for quick Wall St. reform.
Reuters reports that Citigroup (C) is close to reaching a deal with the government for a new investment in the bank
Reuters writes that the US may break up AIG (AIG) Read More
Media Digest 2/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the US government may take a 40% interest in Citigroup (C).
Reuters reports that the Treasury is considering funding options for Chrysler and GM (GM).
Reuters reports that a poll of economists sees a drop in GDP in the first half and a recovery in the second half of 2009. Read More
Tuesday’s Top Analyst Upgrades & Downgrades (BJ, GLW, DRI, DTSI, ITW, RBS, VIA, BHP, COF, FITB, MAT, STO)
These are some of Tuesday morning’s top pre-market upgrades and downgrades we have seen from Wall Street analysts with more than two hours until the open:
- BJ’s Wholesale (NYSE: BJ) Raised to Buy at UBS.
- Corning (NYSE: GLW) Started as Outperform at Oppenheimer.
- Darden restaurants (NYSE: DRI) Started as Outperform at Baird.
- Digital Theater Systems (NASDAQ: DTSI) Raised to Overweight at JPMorgan.
- Illinois Toolworks (NYSE: ITW) Raised to Overweight at JPMorgan.
- Royal Bank of Scotland (NYSE: RBS) Raised to Overweight at HSBC.
- Viacom (NYSE: VIA) Raised to Overweight at Barclays.
- BHP Billiton (NYSE: BHP) Cut to Hold at ABN AMRO.
- Capital One (NYSE: COF) Target cut by more than half to $18 at Goldman Sachs.
- Fifth Third (NASDAQ: FITB) Target cut 75% down to $2.00 at Goldman Sachs.
- Mattel (NYSE: MAT) Cut to Neutral at Piper Jaffray.
- StatoilHydro (NYSE: STO) Cut to Underweight at Morgan Stanley.
Jon C. Ogg
February 3, 2009
-
Today’s top tickerspy Indexes Home Furnishing R... +14.1% Ethanol and Biofu... +5.1% Electronics Retai... +2.1% Diabetes Stocks +2.0% Memory Chip Stock... +2.0% 
-
-
- Ciena Said To Take Nortel Unit Auction To 2nd Day -Reuters
- 2nd UPDATE: Lincoln, Landrieu To Vote To Advance Health-Care Bill
- UPDATE: US Sen. Landrieu Will Vote To Advance Health-Care Bill
- US Sen. Landrieu Will Vote To Advance Health-Care Bill
- MARKET SNAPSHOT: Investors May Turn Defensive As Fizz Leaves Stocks
- Obama: "Nothing More Important" Than US Economic Recovery
-
-
- paidContent - Nielsen Biz Selling Print, Online But Not Until December; Lachlan Murdoch Considering Investing
- paidContent - ESPN.com's Bill Simmons Gets A Twitter Time Out, Sort Of
- paidContent - Finally, MySpace Music Licenses 'Fifth Label' Merlin; Reins in Fiercest Critic
- paidContent - Why Sony's Planned Music Store Won't Start Out As A Serious iTunes Challenger
- paidContent - paidContent Quick Hits 11.20.09
- paidContent - SEC Watch: New DirecTV CEO Could Make $35.5 Million (And Then Some)
-
©2009 24/7 Wall St.
Powered by WordPress.com VIP
Designed by SlipFire
