Friday, October 22, 2010

Google Alert - finance

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FOREX-Dollar on track to snap five-week losing streak
Reuters
By Steven C. Johnson NEW YORK, Oct 22 (Reuters) - The dollar was on track Friday to snap a five-week losing streak against major currencies as traders took profits and the euro repeatedly ran into technical resistance above $1.40. ...
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Verizon's Profit Drops 25% in Quarter
New York Times
By JENNA WORTHAM Verizon Communications reported a 25 percent drop in third-quarter profit on Friday, citing pension settlements resulting from layoffs and voluntary departures. Net income dipped to $881 million, or 31 cents a share, considerably lower ...
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Treasuries Fluctuate Amid Speculation on Bond-Purchase Decision
BusinessWeek
By Susanne Walker Oct. 22 (Bloomberg) -- Treasuries fluctuated amid speculation about how much US debt the Federal Reserve may buy if it resumes asset purchases to spur the economy. US government securities rose earlier after Fed Bank of St. Louis ...
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Honeywell 3Q Net Falls 18% On Pension Costs; 2010 View Raised
Wall Street Journal
By Doug Cameron and Nathan Becker Of DOW JONES NEWSWIRES Honeywell International Inc. (HON) executives said Friday that improved demand is expected to carry into 2011, though rising pension costs represent a strong headwind for the diversified US ...
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Ericsson Gains From Mobile Broadband Growth In US
Forbes
Profits at the wireless-network maker beat expectations as operators like AT&T invest in its wireless networks. Shares of Ericsson shot up Friday after the Swedish wireless-network provider reported profits and sales that beat expectations, ...
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GE to Buy Clarient in $587 Million Deal
Wall Street Journal
By JODI XU General Electric Co. has agreed to acquire Clarient Inc. for about $587 million as the conglomerate looks to build its disease-diagnosis capability. Clarient provides molecular diagnostics technologies, which provides precise information ...
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Schlumberger's profit more than doubles
MarketWatch
By Steve Gelsi, MarketWatch NEW YORK (MarketWatch) — Oilfield and equipment giant Schlumberger Ltd. said Friday that its third-quarter profit more than doubled on an increase in North American drilling activity, although the company voiced ongoing ...
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AIG Raises $17.8 Billion in Record Hong Kong Offering
BusinessWeek
By Cathy Chan, Bei Hu and Hugh Son Oct. 22 (Bloomberg) -- American International Group Inc. raised a record HK$138.3 billion ($17.8 billion) in the Hong Kong initial public offering of its main Asian unit, putting the bailed-out insurer on course to ...
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KeyCorp Posts 3Q Profit of $178M
ABC News
AP By MEGHAN BARR AP Writer KeyCorp is reporting a profit for the third quarter in contrast to a loss a year ago, citing improved credit quality across its loan portfolios. CEO Henry L. Meyer III says the bank has been working to lower its risk profile ...
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