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US close: AIG sours mood again
Sunday 11 May 2008
US stocks ended the day showing a triple digit fall as investors fretted after insurance giant AIG's grim statement the previous evening.
Fire sale to continue at Citigroup
Friday 09 May 2008
Fallen US banking giant Citigroup plans to offload around $400bn of assets as it strives to return to profitability.
Impairment charge harms Mylan
Friday 09 May 2008
Shares in Mylan slumped Friday after the generic drugs maker saw first quarter losses increase massively, thanks to a $385m impairment loss on goodwill.
US midday: Decline picks up pace
Friday 09 May 2008
The Dow Jones index is now showing a triple digit fall as US stocks continue yesterday’s slide.
Sotheby's hammered by reduced commissions
Friday 09 May 2008
Auctioneer Sotheby’s saw its shares knocked down after falling into loss in the first quarter.
US open: Slide continues
Friday 09 May 2008
US stocks are still reeling from yesterday’s announcement by insurance giant AIG that it plans to raise $12.5bn to repair its balance sheet after taking substantial write-downs in the first quarter.
US pre-open: Stocks seen lower
Friday 09 May 2008
US stocks are set to be on the back foot on Friday as insurance firm American International Group posted big losses raising credit fears.
Europe: Oil prices weigh on markets
Friday 09 May 2008
Europe's leading exchanges were lower, in line with US futures, with oil prices above $125 a barrel weighing on the broader markets.
Asia: Stocks slump lower
Friday 09 May 2008
Asian stocks posted big losses with Japan’s Nikkei down on a profit warning from car maker Toyota and the stronger yen.
US close: Steady gains before AIG shocker
Thursday 08 May 2008
US stocks made gentle gains as miners and oil stocks moved higher, though sales figures from the retail sector were mixed.
US April retail data mixed, worries remain
Thursday 08 May 2008
US supermarket giant Wal-Mart and discount chain Costco saw sales rise in April as consumers sought bargains amid a backdrop of more expensive oil and a falling housing market.
US midday: Steady gains for resource stocks
Thursday 08 May 2008
US stocks made gentle gains in the morning session as miners and oil stocks moved higher, though sales figures from the retail sector were mixed.
US new jobless claims fall
Thursday 08 May 2008
Fewer people than expected signed up for unemployment insurance in the US but the number of people still in receipt of the benefit exceeded predictions, latest weekly figures from the Labor Department showed today.
US open: Mining stocks shine
Thursday 08 May 2008
US stocks are mixed at the outset, though mining stocks attempt to lead a rally after yesterday’s retreat.
McDonald's sales boosted by new products
Thursday 08 May 2008
Hamburger giant McDonald’s boosted like-for-like sales by 5% in April as new products and its breakfast menus enticed more customers to the chain.
US pre-open: Stocks seen slightly higher
Thursday 08 May 2008
US stocks are seen posting slight gains as investors contemplate sales figures from big retailers.
Europe: ECB leaves rates at 4%
Thursday 08 May 2008
European stocks remained in the red after the European Central Bank decided to leave rates unchanged at 4%, in line with expectations.
Asia: Japan and Hong Kong lower
Thursday 08 May 2008
The Nikkei fell sharply on Thursday as financial stocks such as Mitsubishi UFJ Financial weighed on the market as concern lingers about the credit crunch.
US close: Heavy falls for US stocks
Wednesday 07 May 2008
A slide in pending home sales in March and the continued strength of oil prices had US shares on the retreat with heavy falls across the board as the price of crude climbed to $123 per barrel.
Cognizant slumps on reduced earnings outlook
Wednesday 07 May 2008
Shares in IT outsourcing specialist Cognizant Technology Solutions slumped Wednesday despite the company announcing record first quarter results, as it lowered second quarter sales and profit forecasts.

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