Archive for May 2nd, 2008
Friday, May 2nd, 2008
NEW YORK, May 2 (Reuters) - The risk of a U.S. recessionand failing home equity and residential construction loans maybe putting a greater squeeze on banks that financedrestructured debt, Fitch said on Friday. Delinquencies and defaults are creeping higher on smallerconstruction ...
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Friday, May 2nd, 2008
May 2 (Reuters) - The U.S. Labor Department said 20,000 jobswere shed in the United States last month, the fourth straightmonth of declines. The figure was not as bad as economists hadanticipated. Following are reactions from the U.S. presidentialcandidates on the ...
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Friday, May 2nd, 2008
(Recasts, adds details) May 2 (Reuters) - South Financial Group Inc (TSFG.O: Quote, Profile, Research)slashed its quarterly dividend and said it plans to issuepreferred stock and debt in an effort to boost its capitallevel. South Financial shares, ...
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Friday, May 2nd, 2008
(Recasts; adds details, share movement) May 2 (Reuters) - Israeli chipmaker DSP Group Inc (DSPG.O: Quote, Profile, Research)posted a first-quarter loss and lowered its revenue outlook forthe year on slower demand for its chips used in cordlessphones, sending its shares down ...
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Friday, May 2nd, 2008
(Adds details from IPO prospectus) FRANKFURT, May 2 (Reuters) - German information technologyhardware and software supplier DEVIL AG is planning an initialpublic offering (IPO) of shares worth up to 34.2 million euros($53 million), the company said on Friday. ...
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Friday, May 2nd, 2008
PRAGUE, May 2 (Reuters) - Czech investment group PPF said onFriday it planned to launch a 950 crown per share bid forgeneric drugs maker Zentiva (ZNTVsp.PR: Quote, Profile, Research), valuing the company at36.2 billion crowns ($2.2 billion). It said it was ...
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Friday, May 2nd, 2008
NEW YORK, May 2 (Reuters) - Standard & Poor's on Friday cutits rating on Residential Capital LLC (ResCap) further intojunk territory as the mortgage finance unit of GMAC launched arestructuring of over $12.8 billion of debt. ResCap is proposing to swap ...
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Friday, May 2nd, 2008
(Changes source, adds analyst's comments, background and sharemovement) May 2 (Reuters) - Banc of America Securities upgradedRadioShack Corp (RSH.N: Quote, Profile, Research) to "buy" from "hold," saying theconsumer electronics retailer's stock deserved another look asthe company's underlying story was compelling. ...
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Friday, May 2nd, 2008
NEW YORK (Reuters) - Chevron Corp (CVX.N: Quote, Profile, Research) said on Friday it has delayed starting production at its Blind Faith project in the deepwater Gulf of Mexico until the second half of the year due to a problem with its mooring lines. ...
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Friday, May 2nd, 2008
(Adds background) BOGOTA, May 2 (Reuters) - Colombia's Cano Limon-Covenas oilpipeline has been paralyzed since a Tuesday night rebel bombattack, state petroleum company Ecopetrol said on Friday. The pipeline, which has a capacity to carry 225,000 barrelsper ...
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