Archive for February 6th, 2008

Iraq investment in the spotlight - Gulf Daily News

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TREASURIES-Bonds dip as investors wade back into stocks
Forbes - NEW YORK (Reuters) - U.S. Treasury debt prices dipped on Wednesday as investors freed up cash to buy back beaten down stocks in the wake of Wall Street’s worst rout in nearly a year. Buyout hopes and upbeat U.S. company earnings news parte$ the

Time Warner cable, studio gains lift earnings
CNN Money - NEW YORK (CNNMoney.com) — Time Warner reported solid gains Wednesday in its cable and studio units to hit Wall Street’s fourth-quarter estimates, even though it sees slower growth ahead in 2008. Time Warner ( TWX , Fortune 500 ) the world’s largest

Asian markets sink after Wall Street plunge fans U.S. recession
San Diego Union-Tribune - BANGKOK, Thailand – Asian markets plunged Wednesday after a steep drop on Wall Street overnight fanned investors’ fears the U.S. economy was sliding into a recession that would sap demand for Asian exports. In Hong Kong, the benchmark Hang Seng

Wall St eyes bounce at open on media profits
Washington Post - The market was poised to rise a day after recession fears sent Wall Street and markets in Europe tumbling, while overnight markets in Asia also slid. “It’s probably the natural inclination of markets to try to bounce after a bad day,” stated Peter

Out of the Gate: LoopNet Shares Drop
Forbes - Shares of LoopNet Inc. dropped Wednesday morning after the online listing service for commercial real estate issued 2008 earnings guidance below Wall Street expectations, leading analysts to slash their price targets. The stock fell $2.02, or 14.2

Premarket Movers: Polo Ralph Lauren Up
Forbes - Shares of Polo Ralph Lauren gained in premarket trading Wednesday after the apparel maker reported fiscal third-quarter profit results that beat Wall Street expectations. The New York company also offered a 2008 forecast above analyst estimates, and

Stocks set for mild rebound
CNN Money - Walt Disney ( DIS , Fortune 500 ) reported quarterly earnings late Tuesday that topped Wall Street’s forecast. Shares of the Dow component gained 5% in after-hours trading. Media conglomerate Time Warner ( TWX , Fortune 500 ), owner of CNNMoney.com, also

Milan shares close higher in late Wall Street rally, led by Autogrill
Forbes - MILAN (Thomson Financial) - Share prices shut higher, reversing early falls and rising late in the session in line with Wall Street’s gains, led by Autogrill, which rebounded after yesterday’s fall, brokers stated. The Mibtel index was up 0.53 pct to

Time Warner ‘08 outlook could beat expectations
Reuters - NEW YORK (Reuters) - Time Warner Inc (TWX.N: Quote , Profile , Research ) stated on Wednesday it expects profit growth to match or beat Wall Street estimates, after reporting quarterly earnings that reflected increases in broadband and phone

A Productive Morning For Wall Street
Forbes - Economic data has sparked a tug-of-war between bulls and bears on Wall Street this week, with early readings Wednesday morning barely favoring the bulls. After a recession-indicating Institute of Supply Management report on the outlook for the U.S

America for sale
CNN Money - Foreign buyers, such as sovereign wealth funds from countries like Kuwait and Singapore, will continue to make headlines by grabbing major U.S. assets this year, and the trend is much broader than investments in Wall Street firms that need a capital

Malaysian shares close lower on Wall Street’s decline, DiGi leads fall
Forbes - KUALA LUMPUR (Thomson Financial) - Malaysian shares closed lower on Wednesday following steep losses on Wall Street, with DiGi.com leading the fall after the local cellphone carrier made a downbeat forecast on 2008 earnings growth. Trade was cautious

Talented but young Gators learning the tough road lessons of the SEC
ESPN.com - KNOXVILLE, Tenn. — The last time Florida was torched for this many points in an SEC game, Billy Donovan was working as an investment banker on Wall Street. That was 19 years ago, and Donovan had yet to even get into coaching after seeing his NBA

UPDATE 1-Goldman CFO sees not all bond insurer woes solved
Forbes - NEW YORK (Reuters) - Goldman Sachs Group Inc (nyse: GS - news - people ) Chief Financial Officer David Viniar stated Wednesday efforts by Wall Street to rescue bond insurers hard-hit by the mortgage crisis could probably help solve some, but not all

UPDATE 2-Monaco Q4 profit beats Wall Street view, shares rise
Reuters - Last: Feb 6 (Reuters) - Recreational vehicle maker Monaco Coach Corp (MNC.N: Quote , Profile , Research ) posted a quarterly profit that handily beat market expectations, as it increased market share and overhauled production lines to improve margins

Stocks Poised to Open Higher
BusinessWeek - Fears of an imminent U.S. recession were palpable on Wall Street on Tuesday, as investors reacted with dismay to a report indicating the first contraction in the services sector in nearly five years. Major U.S. indexes plummeted, in some cases

Maguire Properties down on 4Q results
CNBC - NEW YORK - Shares of Maguire Properties Inc. dropped Wednesday, a day after the office real estate investment trust said its fourth-quarter results plunged 76 percent on an incomplete lease agreement, missing Wall Street’s expectations. Maguire stock

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