Archive for April 13th, 2009
Bank bets lift S&P and Nasdaq, but Boeing trips Dow (Reuters)
Reuters - The S&P 500 and Nasdaq rose on Monday as bets that major banks will post reassuring quarterly results fueled a run-up in financials, offsetting uneasiness about the fate of General Motors .
Goldman posts $1.7 billion profit, plans $5 billion offer (Reuters)
Reuters - Goldman Sachs Group Inc posted higher-than-expected first-quarter profit as it took more trading risk and said it planned to raise $5 billion of common shares to help pay back government funds.
No CommentsFire in Polish hostel ‘kills 21′
At least 21 people have been killed in a fire at a hostel for homeless people in north-western Poland, officials say.
No CommentsGeorgia protests enter fifth day
Thousands of opposition supporters in Georgia hold a fifth day of protests, calling on the president to step down.
No CommentsYemen tribesmen free Dutch couple
A Dutch couple kidnapped by armed tribesmen almost two weeks ago have been released, a Yemeni official says.
No CommentsWall Street slips as Boeing and energy weigh (Reuters)
Reuters - The Dow and the Nasdaq declined on Monday, weighed by Boeing’s disappointing outlook, a pullback in oil prices and worries about General Motors’ fate.
Citigroup, B of A rise on earnings hope (Reuters)
Reuters - Citigroup Inc’s and Bank of America Corp’s shares rose Monday on hopes that the two banks will post the same sort of first-quarter profits that Wells Fargo & Co forecast late last week.
No CommentsExpress Scripts to buy WellPoint prescription unit (Reuters)
Reuters - Express Scripts Inc will buy health insurer WellPoint Inc’s NextRx prescription business for $4.68 billion, becoming the No. 2 U.S. pharmacy benefit manager while gaining more leverage in driving down drug prices.
No CommentsGM shares slump as bankruptcy fear grows (Reuters)
Reuters - Shares of General Motors Corp plunged 16 percent on Monday as traders shed positions out of fear the U.S. government will push the automaker into a bankruptcy that could wipe out existing equity.
Chrysler, Fiat discuss new management and board: report (Reuters)
Reuters - Chrysler and potential partner Fiat SpA are discussing a new management and board for the U.S. automaker under a proposed alliance that could see Fiat take a stake in Chrysler, Automotive News reported on Monday.
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