Stocks tank again after AIG bailout: related news

Stocks tank again after AIG bailout

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Movers: AIG, WaMu, Circuit City, Lennar, GE

American International Group (AIG) rose 0.28 to 5.00 after AIG suspends common stock dividend. Separately, CNBC's Charlie Gasparino reported that AIG told employees in a memo that they may lose money in a deferred savings plan, as the funds could go to paying off debts. Earlier, Reuters said AIG shares were higher as CEO Edward Liddy said late Monday on CNBC that he expected AIG to emerge from a federal bailout as a leaner, stronger co. S&P reiterates hold.

Banks pressed over AIG fund; Prudential seeks AIG assets

Banks are facing criticism over possible losses suffered by thousands of their private banking clients on a supposedly low-risk investment fund run by AIG. The AIG Enhanced Fund suffered a run of redemptions last month in the wake of the Lehman Brothers collapse and AIG’s bailout but investors have been able to liquidate only 50 per cent of their holdings. Seperately, Prudential is talking to potential overseas investors about helping it acquire some of AIG’s Asian assets, appointing Credit Suisse to sound out potential backers.

Blog Buzz: AIG Gets a Bigger Bailout, Barack Obama's Attorney General Pick, the Future of the Republican Party

The Wall Street Journal reports that AIG will get a bigger bailout than originally planned; the $123 billion deal will be replaced with a $150 billion package. Bloggers are none too happy about the news—Tobin Harshaw at the New York Times says the government is helping AIG management to "further loot" taxpayers. Michelle Malkin's reaction is even stronger—"socialism [is] here and now." Another blogger thinks we need to stop "bailing out everyone in sight." Matthew Yglesias thinks a bailout for automakers, a priority for Obama, is more likely now. A conservative blogger explains what went wrong in the American auto industry.

Australia Stocks Rise, Banks Pass Less Rate Cut

Stocks in Australia gained after China announced a stimulus package of Rmb 4 trillion. Commodities prices and resource sector stocks gained. Financial stocks declined after RBA noted that only half of recent rate cuts have been passed on to customers by banks.

World stocks rally after bank bailout plans

LONDON (Reuters) - World stocks rose 2 percent on Monday after hitting a four-year low last week as the world's policymakers stepped up plans to bail out the banking sector and prevent the global economy from tumbling into recession.

World stocks rally after bank bailout plans

LONDON (Reuters) - World stocks jumped on Monday from last week's four-year low after policymakers around the world took new and drastic steps to rescue banks and prevent the global economy from sinking into recession.

Stocks rally on Google, energy stocks (Reuters)

NEW YORK (Reuters) - Stocks surged in volatile trade on Friday after tech bellwether Google Inc posted reassuring results and energy stocks tracked the price of oil higher.

US STOCKS-Market rallies on Google, energy stocks

NEW YORK, Oct 17 (Reuters) - U.S. stocks surged in volatile trade on Friday after tech bellwether Google Inc (GOOG.O: Quote, Profile, Research, Stock Buzz) posted reassuring results and energy stocks tracked the price of oil higher.

Financial Stocks: Merrill, Citigroup report more losses as recession fears linger

BOSTON (MarketWatch) -- Investors were set to focus on banking stocks again after Citigroup Inc. and Merrill Lynch & Co. reported more quarterly losses Thursday, one day after the financial sector saw a double-digit percentage decline.

Leading Stocks - Vertex Pharmaceuticals Inc, FLIR Systems Inc, Cephalon Inc, Xilinx, Check Point Software Technologies Ltd

Given everything that is going on in the market, I thought it might be interesting to see what stocks are leading this year. As a starting point, I pulled the component stocks for the NASDAQ 100 (NDX) and ran them through a query that gave me the year-to-date returns and a few key pieces of sentiment data. The list below is sorted to show some of the top performing stocks. The names that stood out to me include, Vertex Pharmaceuticals Inc (VRTX), FLIR Systems, Inc. (FLIR), Cephalon, Inc. (CEPH), Xilinx, Inc. (XLNX), and Fastenal Company (FAST). As the spreadsheet points out, these stocks all carry a rather heavy level of short interest. A high level of short interest can lead to the potential for a short squeeze.

U.S. Bailout May Set Back Science Funding, Experts Fear

With the U.S. Congress wrangling over a $700-billion bailout plan for the financial crisis this week, the final contours of any bailout are hard to predict. But some experts say that any bailout—or even no bailout at all—may set back funding for science.

Singapore Hot Stocks - MobileOne in focus

SINGAPORE, Oct 20 (Reuters) - MobileOne, Singapore's third-largest mobile phone operator, may be in focus on Monday after UBS cut its price target for the stock on lower-than-expected third-quarter earnings. U.S. stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disasterous three-week losing streak with its best weekly gain in more than five years.

Hong Kong shares up after 3-day slide, China data; China Mobile surges UPDATE

HONG KONG (XFN-ASIA) - Share prices were higher as China Mobile and other key blue chips led a rebound following the market's 13.5 pct drop over the previous three sessions. China Mobile was up more than 5 pct ahead of its third-quarter results, due after market close today, while other mainland stocks were also mostly higher after China's economic data. China announced today that its economy grew 9.9 pct in the nine months to September, slowing from a 10.4 pct growth pace in the first half of 2008 as third-quarter growth eased to 9.0 pct. Some analysts said the 9.9 pct growth for the January-September period was better than what they had expected. China banks were up despite a slowdown in their earnings growth, while local property developers outperformed after a recent sell-off.

Stocks ends lower as bailout shifts, Best Buy warns

NEW YORK (MarketWatch) -- U.S. stocks on Wednesday declined sharply to new November lows as Treasury Secretary Henry Paulson shifted the focus of the government's bailout plan from troubled mortgage assets to consumer credit and Best Buy Co. Inc. cut its outlook. The Dow Jones Industrial Average

After Hours: Amazon shares slide after outlook; Amgen profit surges

LOS ANGELES (MarketWatch) -- Amazon.com shares sank late Wednesday after the online retailer delivered a weak forecast, while shares of Amgen Inc. climbed higher after the biotech heavyweight easily surpassed analyst expectations.

AFTER THE BELL-McAfee shares leap after beating estimates

NEW YORK, Oct 30 (Reuters) - McAfee Inc (MFE.N: Quote, Profile, Research) stock lept 6.3 percent in after-hours trade on Thursday after the security company posted a third-quarter profit that beat analyst expectations.

AFTER THE BELL-eBay shares tumble after posting results

NEW YORK, Oct 15 (Reuters) - Shares of eBay Inc tumbled 8.3 percent to $14.06 in extended trade on Wednesday after the Internet auctioneer posted its quarterly results. Keywords: MARKETS STOCKS AFTERTHEBELL Varghese Joseph vj

World stocks, oil jump after bank rescue plans

LONDON (Reuters) - World stocks jumped on Monday from last week's five-year low after policymakers around the world took new and drastic steps to rescue banks and prevent the global economy from sinking into recession.

ASIA MARKETS: Tokyo Stocks Sold Off After Sony Slashes Forecast

Japanese stocks tumbled Friday as exporter shares sold off after Sony Corp. slashed its full-year net profit forecast by 38%, raising worries about slowing global demand.

MAJOR BANK STOCKS PLUNGE AGAIN

Canada's major financial stocks were pummelled again yesterday, with Royal Bank taking one of the biggest hits -falling more than 13 per cent in heavy trading.

Telecom Stocks: Sprint, phone stocks sizzle higher

WASHINGTON (MarketWatch) - Sprint Nextel Corp. soared as much as 25% to lead phone stocks higher in Monday trades. Equipment stocks were mixed.

REFILE-Singapore Hot Stocks-Banks in focus after Citigroup slide

SINGAPORE, Nov 21 (Reuters) - Banks such as DBS Group and other financial stocks will be in focus on Friday after Citigroup dived 26.4 percent on Wall Street on growing concerns of loan losses at the second-largest U.S. bank.

Cricket will never be the same again after $20m Challenge, insists Prior

England wicketkeeper Matt Prior admits he feels 'cricket will never be quite the same again' after the lucrative Stanford Twenty20 match in Antigua on November 1.

Hong Kong shares end morning lower on earnings worries; China Mobile slumps

HONG KONG (XFN-ASIA) - Share prices finished the morning lower in erratic trade following disappointing earnings reports in the US and locally. China Mobile slumped 3.8 pct as Morgan Stanley cut its target price on the stock to 85 hkd after the company's weaker-than-expected third-quarter results. Mainland banks fell on earning worries amid a slowdown in China's economic growth and on reports of increasing bankruptcies in China's Pearl River delta. Resources stocks were pressured after commodity prices fell overnight on global recession worries. Huaneng Power, Anhui Conch and Jiangxi Copper slumped after disappointing quarterly results. CITIC Pacific was down over 9 pct after tumbling 55 pct yesterday on news that it faces a loss of up to 15.

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