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Fed's New Loan Auctions Failed to Reduce Premiums, Study Finds |
 10 Apr 2008 12:02 |
| The Federal Reserve's new twice- monthly loan auctions have failed to reduce banks' borrowing costs since officials introduced them in December, Stanford University economist John Taylor said.
There is ``no empirical evidence'' the Term Auction Facility has reduced the premium that banks charge each other to lend cash for three months, Taylor, author of a monetary-policy formula cited as a... |
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| Motorola to Split Into Two After Phone Sales Slide (Update4) |
26 Mar 2008 18:09 |
| Motorola Inc. plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business that it pioneered 25 years ago.
One company will focus on handsets and the other will sell network equipment, cable TV set-top boxes and two-way radios -- businesses that are profitable and growing faster. The board is looking for... |
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| U.S. Stocks Rally Most in 7 Weeks on Fed Cuts, Broker Earnings |
21 Mar 2008 18:42 |
| U.S. stocks posted their biggest gain in seven weeks after the Federal Reserve injected more cash into the banking system and Wall Street's largest securities firms posted earnings that toppedestimates.
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WellPoint Cuts 2008 Outlook, Triggering Industrywide Selloff |
11 Mar 2008 11:20 |
| WellPoint Inc., the second-largest U.S. health insurer, plunged in extended trading after the company cut its 2008 forecast, citing unexpected medical costs. The selloff spread industrywide.
Indianapolis-based WellPoint plummeted 18 percent yesterday after the close of regular trading. The largest U.S. medical insurer, UnitedHealth Group Inc. of Minnetonka, Minnesota, fell 10 percent;... |
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Staples Net Income Falls 1% on Lower Retail Sales (Update3) |
04 Mar 2008 18:03 |
| Staples Inc., the world's largest office-supplies retailer, said fourth-quarter profit fell 1 percent on lower North American retail sales and cut its annual forecast.
Staples dropped in Nasdaq Stock Market trading.
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Fed Sees Rate Low `for a Time,' Then Chance of `Rapid' Reversal |
21 Feb 2008 15:55 |
| Federal Reserve officials signaled they are prepared to quickly reverse last month's interest-rate cuts after concluding that borrowing costs need to be kept low for now.
Policy makers cut their 2008 growth forecasts and said that rates should be held down ``for a time,'' minutes of their Jan. 29-30 meeting showed yesterday. They also called inflation... |
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| Hasbro Profit Climbs on Transformers, Overseas Sales (Update2) |
11 Feb 2008 15:54 |
| Hasbro Inc., the world's second- largest toymaker, posted fourth-quarter profit that exceeded analysts' estimates on higher sales of Transformers action figures and purchases by consumers overseas.
Hasbro shares climbed 5.4 percent in early U.S. trading.
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