Reuters - MetLife Inc , the largest U.S.
life insurer, said on Tuesday its second-quarter profit fell on
investment losses and a decline in insurance earnings, sending
its shares sliding nearly 10 percent.
Reuters - Nintendo Co Ltd's (7974.OS) quarterly
profit rose 31.5 percent on the runaway success of its Wii game
console, but the Japanese video game maker kept its annual
outlook well short of market expectations.
Reuters - As the rout in oil prices nears the
20 percent mark that for stocks would signal a bear market,
many analysts offer a word of caution -- don't mistake a
healthy correction for the end of a multi-year bull trend.
Reuters - Kohlberg Kravis Roberts & Co's
plan to merge with a struggling affiliate and then
list on the New York Stock Exchange will help the giant buyout
firm expand at an ideal time for making acquisitions, KKR
executives said on Monday.
AP - Just for a minute let's set aside all the bad things plaguing the financial world. Even in these gloomy times, there's some good news worth checking out. -- read full article
Tue, 29 Jul 2008 17:52:38 GMT - Yahoo! News: Business
Reuters - Stocks rose more than 1 percent on
Tuesday as a drop of over $3 in the price of oil and data
showing a rise in consumer confidence reduced worry about
inflation and consumer spending.
Reuters - Oil fell to its lowest level in nearly
three months on Tuesday, extending a steep slide since mid-July
on mounting evidence high prices and a souring economy were
cutting into world energy demand.
Reuters - Citigroup Inc may write down
about $8 billion in the third quarter from its exposure to
collateralized debt obligations (CDOs) after Merrill Lynch & Co
agreed to sell its CDOs at a sharp discount, Deutsche
Bank analyst Mike Mayo said.
Reuters - Several analysts, including
Oppenheimer's Meredith Whitney, widened their loss view on
Merrill Lynch , after the Wall Street investment bank
and brokerage said it will take a $5.7 billion third-quarter
writedown as it unloads risky debt and raises $8.5 billion in
capital.
Reuters - Consumer confidence halted a six-month
slide in July, but barely climbed from its lowest level in more
than a decade, while home prices continued their record decline
in May.
AFP - Kohlberg Kravis Roberts & Co, one of the most prestigious US investment firms, announced its intentions Sunday to sell its shares publicly on the New York Stock Exchange.
AP - Japan's economy showed more signs of deterioration as government data revealed Tuesday that the unemployment rate inched up and consumers tightened their purse strings amid rising food and oil prices.
Reuters - Stocks tumbled on Monday as fear of
more credit and housing market turmoil battered financial
shares and a mixed bag of quarterly results added to
uncertainty the outlook for corporate profits.
Reuters - Hartford Financial Services Group
Inc's earnings fell in the second quarter, hurt by a
surge in claims from tornado damage and lower investment
returns, but the results still beat Wall Street expectations. -- read full article
Tue, 29 Jul 2008 00:49:37 GMT - Yahoo! News: Business
Reuters - Kohlberg Kravis Roberts & Co's
plan to become publicly traded by acquiring its
struggling European affiliate signals that the buyout boom may
flounder longer and force the private equity firm to focus on
other businesses.