Monthly Archives:  July 2011

  • Citigroup Profit Beats Analysts’ Estimates

    Full Story | 15th July 2011
    Citigroup Inc. (C), the third-biggest U.S. bank, said profit rose 24 percent, beating analysts’ estimates on higher investment-banking fees and fewer losses tied to troubled assets. Second-quarter net income was $3.34 billion, or $1.09 a .
  • Market News

    Full Story | 15th July 2011
    European Markets European markets are called to open negative this morning. Asian Markets Asian commodity stocks fell, with the regional index set for its first weekly decline in four, after Standard & Poor’s said it .
  • Greece Gets World’s Lowest Rating by Fitch

    Full Story | 14th July 2011
    Greece’s credit rating was cut three levels to Fitch Ratings’ lowest grade for any country in the world as the company followed rivals and said that a default is a “real possibility.” The move to .
  • ConocoPhillips Plans to Split in Two

    Full Story | 14th July 2011
    ConocoPhillips said it would spin off its refining and marketing arm into a new business, following Marathon Oil Corp. in splitting itself up to increase returns for investors. The company will split into two stand-alone, .
  • Market News

    Full Story | 14th July 2011
    European Markets European markets are called to open lower this morning.   Asian Markets   Asian stocks fell for the third day this week after Moody’s Investors Service put the U.S. under review for a .
  • Market News

    Full Story | 13th July 2011
    European Markets European markets are called to open negative this morning. Asian Markets Asian stocks rose for the first time in three days as China’s economy grew at a slower pace, a moderation that may .
  • Ireland’s Rating Cut to Junk

    Full Story | 13th July 2011
    Ireland joined Portugal and Greece as the third euro-area nation to have its credit rating reduced to below investment grade as European Union finance ministers struggle to contain the region’s sovereign debt crisis. Moody’s Investors .
  • HTC Accused of Infringing Apple Patent

    Full Story | 12th July 2011
    July 12 (Bloomberg) — HTC Corp., Asia’s second-largest maker of smartphones, was accused of infringing Apple Inc. patents in a case that may halt U.S. imports of the Taiwanese company’s phones and its new Flyer .