-
The Second Richest Man In The World Can't Get Any Help
Thursday, August 4, 2011 - 2:32pm | 612Everyone says it pays to be rich. Well how about if you're the second richest man in the world? I guess not, according to this Bloomberg article. Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) does not have a single buy rating on shares, despite being the cheapest it has been since the...
-
AIB Announces Its Intention to Delist from the NYSE
Thursday, August 4, 2011 - 12:08pm | 97Allied Irish Banks, p.l.c. (NYSE: AIB) announces that its Board of Directors has resolved to delist its American Depositary Shares, each representing ten ordinary shares, par value EUR0.01 per share, from the New York Stock Exchange, terminate the deposit agreement with The Bank of New York Mellon...
-
Earnings Roundup
Thursday, August 4, 2011 - 8:58am | 1365General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...
-
UPDATE: Lloyds Swings To First-Half Loss
Thursday, August 4, 2011 - 4:25am | 69Lloyds Banking Group PLC (NYSE: LYG) swung to a first-half net loss on Thursday. Lloyds Banking posted a net loss of 2.31 billion pounds ($3.79 billion), versus a profit of 596 million pounds, in the year-ago period. In its core business, its pretax profit dropped 28% to 2.66 billion pounds and...
-
Could Bank of America Actually Be Close To A Bottom?
Wednesday, August 3, 2011 - 12:08pm | 538Could Bank of America (NYSE: BAC) actually be close to to settling all of the mortgage issues that has plagued the Charlotte-based bank for years? Perhaps so, if you believe the Wall Street Journal. What has been rumored for weeks, may now actually start to take shape. Bank of America is having...
-
Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 1:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
-
Options Brief: National Bank of Greece
Tuesday, August 2, 2011 - 11:00am | 93Shares of National Bank of Greece (NYSE: NBG) are lower on the session by 1.59%, trading at $1.24. Overall put volume is now running at 2.98x the daily average, with 48% of all puts traded being purchases on the offer. 1,268 contracts have traded on the session so far. National Bank of Greece S....
-
Earnings Roundup
Tuesday, August 2, 2011 - 9:30am | 1919Archer Daniels Midland Co (NYSE: ADM) reported a decline in its fiscal fourth-quarter profit. Archer Daniels Midland reported its quarterly profit at $381 million, or $0.58 per share, down from $446 million, or $0.69 per share, in the year-earlier period. Analysts were expecting earnings of $0.85...
-
News Summary for August 2, 2011
Tuesday, August 2, 2011 - 7:53am | 516This is your Benzinga news summary and traders' outlook for Tuesday, August 2, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower even after the House voted to pass a deal to raise the nation's debt...
-
Barclays Reports 38% Drop In Net Profit
Tuesday, August 2, 2011 - 4:13am | 63Barclays PLC (NYSE: BCS) reported a 38% decline in its first-half net profit. Barclays net profit dropped to 1.5 billion pounds ($2.45 billion). Barclays' pretax profit declined 33% to 2.64 million pounds. On an adjusted basis, Barclays' pretax profit climbed 24% to 3.68 billion pounds. However,...
-
Monday's Mid-Day Options Volume Leaders
Monday, August 1, 2011 - 12:36pm | 78Here are today's mid-day options volume leaders… 1. DaVita Inc. (NYSE: DVA) 3,624 puts, 25 calls 2. Banco Bradesco (NYSE: BBD) 2,945 puts, 95 calls 3. NII Holdings (NASDAQ: NIHD) 3,492 puts, 113 calls 4. Maxim Integrated Products (NASDAQ: MXIM) 4,280 puts, 191 calls 5. Cemex SAB (NYSE: CX) 7,176...
-
Earnings Roundup
Monday, August 1, 2011 - 8:34am | 705Allstate Corp (NYSE: ALL) swung to a second quarter loss on Monday. Allstate reported a quarterly loss of $642 million, or $1.19 per share, versus a profit of $441 million, or $0.27 per share, in the year-earlier period. Its catastrophe losses surged to $2.34 billion, from $96.8 billion, in the...
-
News Summary for August 1, 2011
Monday, August 1, 2011 - 7:47am | 559This is your Benzinga news summary and traders' outlook for Monday, August 1, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher and the U.S. Dollar lower after Republican and Democratic leaders in...
-
A Peek Into The Market Before The Trading Starts
Monday, August 1, 2011 - 7:25am | 369Pre-open movers US stock futures are higher this morning, after Republican and Democratic leaders in the Senate and House of Representatives reached an agreement to raise the nation's debt ceiling. Futures for the Dow Jones Industrial Average surged 177 points to 12,265.00 and S&P 500 index...
-
World Markets Rally on 11th Hour U.S. Debt Deal
Monday, August 1, 2011 - 6:41am | 323Equity markets around the world rose broadly Monday, as optimism grew late Sunday that legislators in Washington had reached a deal to raise the U.S. debt ceiling before Tuesday's deadline. European shares bounced back from some of last week's losses, with London's FTSE Index gaining more than 1.3...