Monthly Archives:  September 2011

  • Greece has cash until October: Deputy Finance Minister

    Full Story | 12th September 2011
    Debt-laden Greece has cash to operate until next month, the country’ deputy finance minister said on Monday, highlighting the country’ need to qualify for the next tranche out of its ongoing EU/IMF bailout. Filippos Sachinidis’ .
  • McGraw-Hill to Split Into Two Companies

    Full Story | 12th September 2011
    McGraw-Hill Cos., challenged by Barry Rosenstein of Jana Partners LLC to change its strategy, said it will split into two separate companies focused on global markets and education. The transaction is expected to be completed .
  • Market News

    Full Story | 12th September 2011
    European Markets European Markets are called to open lower this morning. Asian Markets Asian Markets are trading lower in the current session. US Markets Stocks ended sharply lower Friday, as bad news out of Europe .
  • Citi Cuts U.S. Banks’ Profit Estimates by 45%

    Full Story | 12th September 2011
    U.S. banks’ third-quarter profit estimates were cut an average 45 percent by Citigroup Inc. on concern that the global equities rout and volatility in credit markets will pare earnings from trading and investment banking. Morgan .
  • Fresenius successfully places notes

    Full Story | 9th September 2011
    Yesterday, FMC successfully placed its fixed rate EUR and USD denominated senior unsecured notes. It had initially planned to sell a three-tranche bond consisting of USD 300 mn and EUR 300 mn senior fixed-rate bonds .
  • Obama Proposes $447 Billion Jobs Stimulus Plan

    Full Story | 9th September 2011
    President Barack Obama channelled the national frustration with the economy that threatens his political standing and challenged the U.S. Congress to pass a $447 billion jobs plan tilted heavily toward the Republican prescription of tax .
  • Market News

    Full Story | 9th September 2011
    European Markets European Markets are called to open lower this morning. Asian Markets Asian Markets are trading lower in the current session. US Markets U.S. stocks fell Thursday after Ben Bernanke made a speech that .
  • Moody`s cuts Malta`s ratings to A2

    Full Story | 7th September 2011
    Moody’ Investors Service on Tuesday downgraded Malta’ credit rating to A2 and said the credit outlook for the island country is negative. Moody’ lowered its foreign currency and local currency ratings to A2 from A1, .
  • Market News

    Full Story | 6th September 2011
    European Markets European markets are called to open lower this morning. Asian Markets Asian stocks and U.S. futures fell, Treasury 10-year yields sank to a record, and the euro slid for a fifth day against .
  • Obama Jobs Speech to Push for Infrastructure

    Full Story | 6th September 2011
    President Barack Obama said spending to rebuild the nation’s infrastructure is a key component of his plan to reignite the economy and boost hiring. In a speech marking the U.S. Labor Day holiday, Obama told .