Tag Archive | "losses"

GE third-quarter profits drop 11%

General Electric, the world’s largest conglomerate, reported lower net profits on Friday, as revenues declined and it set aside more money to cover losses at the Japanese consumer lending business it sold in 2008

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Asian stocks slip on economic slowdown fears

Major exchanges were lower in the Asia-Pacific region, tracking losses on Wall Street as concerns increase over the strength of the world’s largest economy after US initial jobless claims unexpectedly increased

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European tech stocks gain on strong US results

Forecast-beating third-quarter numbers from US groups Google and AMD energise tech stocks, while Carrefour checks out losses after a reduction to its profit forecast for 2010

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How the major stock indexes fared Thursday (AP)

AP – Stocks closed little changed Thursday on another disappointing jobs report and growing concern over an investigation of banks’ foreclosure practices. But the market made up earlier losses as investors anticipated that the Federal Reserve will take steps soon to strengthen the economy.

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Markets fall 1 per cent on profit-taking

Indian shares extended losses to 1 per cent on Thursday afternoon as traders booked profits after an early rally to 33-month high.

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JPMorgan Chase’s profit jumps 23 percent in 3Q (AP)

This Oct. 7, 2010 photograph shows the Chase bank in San Francisco.  JPMorgan Chase said Wednesday, Oct. 13, its third-quarter profit jumped 23 percent as the company was able to set aside less money to cover loan losses. (AP Photo/Paul Sakuma)AP – JPMorgan Chase posted a 23 percent gain in net income for the third quarter Wednesday, mostly because the banking giant set aside less money to cover losses from bad loans. Revenues fell sharply in a sign that tighter regulations and a sluggish economy are taking a toll.

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StanChart cash call unnerves FTSE 100 banks

Confirmation of FT reports of a £3.3bn rights issue at Standard Chartered leads to losses for all of the FTSE 100′s high street banks as traders ponder the implications for the sector

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Rupee at 1-week low as shares fall, data disappoints

The Indian rupee continued to trade near one-week lows in afternoon session on Tuesday weighed by losses in domestic shares.

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FTSE falls after Tokyo losses (AFP)

London's stock market fell at the start of trading on Tuesday, tracking overnight losses in Tokyo and a weak lead from Wall Street.(AFP/File/Ben Stansall)AFP – London’s stock market fell at the start of trading on Tuesday, tracking overnight losses in Tokyo and a weak lead from Wall Street.

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Rupee at 1-week low on August factory data

The Indian rupee extended losses to one-week lows on Tuesday afternoon as the August factory data came in much below market expectations.

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