Monday, October 25, 2010

Google Alert - finance

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BofA Acknowledges Errors in Foreclosures
Wall Street Journal
By DAN FITZPATRICK Bank of America Corp. for the first time acknowledged finding some mistakes in foreclosure files as it begins to resubmit documents in 102000 cases. The Charlotte, NC, lender discovered errors in 10 to 25 out of the first several ...
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BP To Sell Gulf Of Mexico Fields Stakes For $650M
Wall Street Journal
LONDON (Dow Jones)--BP PLC (BP) said Monday it will sell four producing deep-water oil and gas fields in the US Gulf of Mexico to Marubeni Oil and Gas for $650 million. BP, in a statement, said the asset disposal could be completed by early 2011. ...
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Bernanke: We take foreclosure problems seriously
CNNMoney
By Aaron Smith, staff writerOctober 25, 2010: 9:01 AM ET NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke said Monday that a federal agency review of foreclosure procedures at the nation's largest mortgage servicers should be completed ...
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Boyd Won't Match Offer for Borgata Stake
Wall Street Journal
By MATT JARZEMSKY Boyd Gaming Corp. said Monday it won't exercise its right to match the offer MGM Resorts International received for its 50% stake in the Borgata resort in Atlantic City, NJ Boyd also said third-quarter profit fell 11% as results were ...
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Lockheed Martin Approves $3 Billion Share Repurchase
BusinessWeek
By Juliann Neher Oct. 25 (Bloomberg) -- Lockheed Martin Corp., the world's largest defense company, said its board approved a share buyback program of as much as $3 billion to return money to investors. "We remain committed to returning at least 50 ...
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Office Depot CEO steps down; Q3 sales fall
Reuters
NEW YORK (Reuters) - Office Depot Inc (ODP.N) said Steve Odland will step down as the office supplies retailer's chief executive and chairman next week and will be succeeded on an interim basis by a company director. The company's shares were up 22 ...
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G20 currency reform plans drive dollar lower
Financial Times
By Neil Dennis The dollar came under heavy selling pressure on Monday after finance ministers from the world's top 20 economies delivered a decisive message to markets that they would allow more currency flexibility. Following a meeting in South Korea, ...
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BEFORE THE BELL:US Stock Futures Up, Dollar Drops After G-20
Wall Street Journal
By William L. Watts A pledge by finance officials from the Group of 20 nations to avoid competitive currency devaluations helped lift US stock-index futures Monday. Futures on the Dow Jones Industrial Average rose 58 points to 11148 while futures on ...
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Asian Shares End Mostly Up;Australia Gains On More M&A Activity
Wall Street Journal
SINGAPORE (Dow Jones)--Most Asian markets rose Monday with Australian shares gaining on a wave of takeover activity spurred by Singapore Exchange's bid for ASX Ltd. "In many ways, it's a shake-up that shows our (Australian) market is cheap," said ...
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CommScope Confirms Talks With Carlyle Group
ABC News
(Reuters) - Communications cable maker CommScope Inc said it is in talks with private equity firm The Carlyle Group to sell itself, sending its shares up 34 percent. Under the terms of the potential agreement, Carlyle would acquire all of the ...
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