Archive for April 2nd, 2008

UPDATE 1-JP Morgan says Crocs Q1 US sales to be hit; shares fall

Wednesday, April 2nd, 2008

(Adds analyst comments, background, share movement) April 2 (Reuters) - Shares of Crocs Inc (CROX.O: Quote, Profile, Research) fell asmuch as 9 percent to their lowest in at least 16 months afterJ.P. Morgan Securities downgraded the maker of the clunky butpopular ...

Gazprom gives final guidance on 2-tranche dlr bond-source

Wednesday, April 2nd, 2008

LONDON, April 2 (Reuters) - Russia's Gazprom (GAZP.MM: Quote, Profile, Research) hasissued final guidance on a $1.5 billion two-tranche bond, abanking source said on Wednesday. The five-year tranche will total $400 million and yield 375basis points over mid-swaps. ...

Husky says White Rose production halted by ice

Wednesday, April 2nd, 2008

CALGARY, Alberta, April 2 (Reuters) - Husky Energy Inc(HSE.TO: Quote, Profile, Research) said on Wednesday that ice conditions had forced thecompany to suspend oil production at its 140,000 barrel per dayWhite Rose oil field off Newfoundland. Husky spokesman Graham White said ...

Expert asks Ecuador court to fine Chevron $7-$16 bln

Wednesday, April 2nd, 2008

QUITO/NEW YORK (Reuters) - An independent environmental expert told a court in Ecuador that oil company Chevron Corp should pay $7 billion to $16 billion in compensation for environmental damage in the country. In a report to the court, geologist Richard Cabrera said ...

China Merchants Shipping says Q1 profit doubled

Wednesday, April 2nd, 2008

SHANGHAI, April 2 (Reuters) - China Merchants EnergyShipping Co (601872.SS: Quote, Profile, Research), the country's biggest oil carrier,estimated on Wednesday that net profit in the first quarter ofthis year at least doubled from a year earlier. In the first quarter of ...

Wednesday, April 2nd, 2008

By Joseph A. Giannone NEW YORK (Reuters) - Hobbled financial markets have spoiled the buyout party for Wall Street's big investment banks, yet demand for independent advice is undiminished, famed dealmaker Joseph Perella said in an exclusive interview. Small "boutique" ...

Sacyr escapes forced $12.5 bln bid for Eiffage

Wednesday, April 2nd, 2008

By Sonya Dowsett and Brian Rohan MADRID/PARIS (Reuters) - Spain's Sacyr Vallehermoso escaped having to make a forced $12.5 billion takeover bid for Eiffage, making a possible sale of its stake in the French public works firm easier and boosting its shares. ...

Griffin sets mezzanine fund for C.Europe real estate

Wednesday, April 2nd, 2008

By Marynia Kruk WARSAW, April 2 (Reuters) - Warsaw-based Griffin Advisorshas launched a 250 million euros ($390.7 million) mezzanine fundto tap into fast-growing real estate markets in Poland and therest of Central Europe, the group said on Wednesday. ...

FACTBOX: Candidates’ views on financial regulations

Wednesday, April 2nd, 2008

(Reuters) - U.S. Treasury Secretary Henry Paulson this week unveiled a plan to give the Federal Reserve more authority over Wall Street, crack down on mortgage brokers, consolidate oversight of banks and thrifts, and set up a federal insurance regulator. The plan comes ...

FACTBOX-Candidates’ views on U.S. financial regulations

Wednesday, April 2nd, 2008

April 2 (Reuters) - U.S. Treasury Secretary Henry Paulsonthis week unveiled a plan to give the Federal Reserve moreauthority over Wall Street, crack down on mortgage brokers,consolidate oversight of banks and thrifts, and set up afederal insurance regulator. The plan comes ...