Markets Spooked by Bankruptcy Filing in Financial Sector (HUM, L, CNA, CKSW, UN, BGS, GS, SIFY, YGE)
Posted by Geoff Seiler at 5:02PM on October 31st
Investors got spooked this Halloween after a very strong month overall, as the bankruptcy filing of MF Global (MF) riled the markets. The small financial institution run by former New Jersey Governor and Goldman Sachs (GS) CEO John Corzine was overleveraged…
Posted by Todd Shriber at 12:33PM on July 29th
Shares of Sify Technologies (SIFY), the Indian provider of business and consumer Internet services, are soaring 19% after the company reported a second-quarter EBITDA profit of $2.8 million compared with $510,000 a year earlier as revenue climbed to $50.73 million, a…
Posted by Eric Monte at 10:21AM on July 29th
The markets are trading lower on Friday after second quarter GDP grew a modest 1.3%, 0.4 percentage points below analyst expectations. Also weighing on the markets is the U.S. debt ceiling issue, which continues to remain center stage for investors.
Posted by Sue Miller at 6:51AM on June 7th
AT&T (T) is in discussions with India’s Reliance Communications concerning its plans to take a significant minority stake in the Indian cellphone company, according to the Wall Street Journal. The deal would give AT&T up to a 26% stake in Reliance…
Tracking BRIC Equities Amid Flourishing IPO Market (RSX, APWR, GRO, RINO, NILSY, MTL, ROSYY, VIP, SIFY)
Posted by Owen Vater at 12:09PM on January 27th
The BRIC group of emerging economies started the year with a record $6.7 billion in IPOs in January.
According to Reuters, Brazil, Russia, India and China, the four largest emerging economies, were host to a total of $6.7 billion of initial…
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