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Uncategorized - October 29, 2007 15:00
Humana profit soars and beats Wall Street view
Humana profit soars and beats Wall Street view NEW YORK (Reuters) – Humana Inc posted a sharply higher quarterly profit on Monday, above Wall Street’s target, on continued strength in its Medicare health plans for the elderly and its plans for employers. Source: feeds.reuters.com
Market opens up on rate cut expectations (Reuters)
Market opens up on rate cut expectations (Reuters) Reuters – Stocks opened higher on Monday, boosted by expectations the Federal Reserve will cut interest rates this week. Source: news.yahoo.com
14 firms get nod to lift crude oil
14 firms get nod to lift crude oil The Guardian learnt that five multinational firms, which are the traditional buyers of the country’s crude, also scaled through the hurdle following their response to an advertisement placed by the corporation this year seeking qualified traders to bid Source: c.moreover.com
Crude oil continues record breaking run
Crude oil continues record breaking run Crude oil continued to trade in record territory on Monday and prices adjusted for inflation also appear set to break their previous record reached in 1979Source: www.ft.com
Oracle withdraws BEA offer as deadline expires
BOSTON (Reuters) – Oracle Corp withdrew a $6.7 billion bid for business software maker BEA Systems Inc on Sunday, setting the stage for a proxy battle between activist investor Carl Icahn and the BEA board. Read More… ATLANTA (Reuters) – RadioShack Corp reported a third quarter profit on Monday against a year-earlier loss, but its […]
FTSE advance powered by resource stocks (FT.com)
FTSE advance powered by resource stocks (FT.com) FT.com – London equities made strong progress in opening trade on Monday, with resource stocks once more at the forefront of the rally as commodities markets remained bullish. Source: news.yahoo.com
Canadian dollar lifted by commodities, bonds rise
Canadian dollar lifted by commodities, bonds rise By John McCrank TORONTO, Oct 26 (Reuters) – Strong commodities prices gave a boost to the Canadian dollar, which reached a 33-year high against a weaker U.S. dollar on Friday. Domestic bond prices, with no major economic data to consider, moved higher as Source: c.moreover.com
Corporate earnings boost Tokyo
Japan’s Nikkei rose 1.2% to 16,698.08 as investors cheered solid corporate earnings and Countrywide Financial’s statement suggesting the worst of the US housing downturn may be over Read More…
Toshiba up on chips, power systems, lifts outlook
Toshiba up on chips, power systems, lifts outlook TOKYO (Reuters) – Japanese electronics group Toshiba Corp posted a 38 percent rise in quarterly operating profit on Monday, thanks to sales of its flash memory chips and thermal power plants, and it raised its full-year outlook closer to market estimates. Source: feeds.reuters.com Xstrata offers $2.8 billion […]
New highs for stocks and oil (Reuters)
Reuters – Asian stocks hit a record high on Monday and the dollar plumbed an all-time low versus the euro and a basket of major currencies as investors bet the U.S. Federal Reserve will cut interest rates this week. Read More…
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