All Entries Tagged With: "Stocks"
Volkswagen stocks soar: Porsche investment sparks probe
Volkswagen Europe’s largest car-maker shares surged on news that Porsche SE was planning to raise its share in the car manufacturer to 75 percent. Wolfsburg the Volkswagen common share prices were sent soaring over four times it value. Volkswagen are also the shortest stock on in the German benchmark DAX index.
The common share price [...]
October 28: Consumer Confidence drops
Ian Morris from HSBC talks of how America have hit an all-time low in Consumer Confidents. With October seeing a massive decline to 38 (mkt) which is the lowest reading on Consumer Confidents since series began in 1967.
Jobs hard to get index surged and jobs plentiful index was hit, which leads us to believe the [...]
Apple, Microsoft, and Dell on Dow Jones: double-digit gains
Dow Jones Industrial Index jumped up above 9,000 points on Monday being its largest one-day gain ever. Great news as Apple, Dell, Microsoft and a list of other tech companies all obtained double digit gains.
After the Dow Jones suffered consecutive losses last week, the Dow soared yesterday 936.42 points and finally closing on Columbus Day [...]
Fed allows emergency cash for US investment banks
Many of the large U.S. investment banks who are having trouble as the financial strain kicks in will be pleased to know that the Federal Reserve will allow them access to emergency cash into next year, if this current turmoil persists.
Ben Bernanke had made this decision on Tuesday, which does hint at
IndyMac firing half its employees: Prospect Mortgage gets retail branches
Following the news that IndyMac is firing half of their employees, we have also learned that the lender is to sell most of their retail mortgage branches to Prospect Mortgage. According to an e-mailed statement from Prospect, the new deal will give them more than 60 branch offices along with 750 employees.
Bradford & Bingley (B&B) shares continue to fall
We reported yesterday that Bradford & Bingley (B&B) shares were down 14% to 43p, well the troubled bank face fresh problems on Tuesday as their losses have accelerated.
As at 8:38 a.m, the stock in B&B has fallen 26% to a new low of 32.5 pence, this is far below its planned rights issue price of [...]
Bradford & Bingley's (B&B) 14 percent stock plunge: now 43p
Bradford & Bingley’s (B&B) finished last week 50p down to finish on just 48p, now they have taken a 14 percent plunge to an all-time low of 43p today, this is 12p below the bank’s rights issue price, it is thought that the decision to walk away from its £400 million rescue deal was to [...]