March 29 at 5:41 p.m.
Filed under:
Investing,
Stock activity
By Reuters
BlackRock Inc, the world’s largest money manager, will be added to the Standard & Poor’s 500 Index, S&P said in a release on Tuesday. Get the full story »
March 10 at 7:34 a.m.
Filed under:
Agriculture/Farming
By Associated Press
Food prices still are skyrocketing, yet the rally for one key component — fertilizer — might be petering out. Farmers’ fields are saturated, making it difficult for fertilizer producers to hike prices, one analyst wrote Wednesday. Meanwhile, share prices in fertilizer companies have doubled since July.
Citigroup downgraded top producers Potash Corp. and The Mosaic Co. to “hold” from “buy,” Wednesday, and reduced his price targets for their shares. Get the full story »
Jan. 10 at 10:15 a.m.
Filed under:
Stock activity,
Technology
By Reuters
Shares of AT&T Inc. fell 1.5 percent Monday as investors bet that sales of an Apple iPhone at its bigger rival Verizon Wireless would take away customers from AT&T. Get the full story »
Dec. 28, 2010 at 11:52 a.m.
Filed under:
Autos,
Stock activity
By Reuters
General Motors shares rose as much as 2.5 percent in midday trading on Tuesday after banks resumed coverage of the automaker with high marks for its North American sales and position in emerging markets.
The positive ratings by Wall Street come just six weeks after GM returned to the New York Stock Exchange in the largest initial public offering in history — about $23.1 billion. Its high was $35.99, reached on its first day of trading November 18. Get the full story »
Dec. 6, 2010 at 4:17 p.m.
Filed under:
IPOs,
Stock activity
By Associated Press
Wintrust Financial Corp. on Monday said it has started two public offerings, one of common stock and the other tangible equity units to raise money to buy back the preferred stock held by the U.S. government. Get the full story »
By Reuters
One test model Boeing 787 passes another on the tarmac before a flight from Boeing Field Wednesday, Oct. 27, 2010, in Seattle. (AP Photo/Elaine Thompson)
Chicago-based Boeing halted test flights of its long-delayed 787 Dreamliner on Wednesday, a day after smoke in the cockpit forced an emergency landing in Texas.
“We have decided to not fly the other airplanes until we better understand the incident,” said Boeing spokeswoman Loretta Gunter. “Whether this lasts all day or shorter or longer remains to be seen. The teams will focus on ground test objectives in the meantime.”
The incident, which involved a runway evacuation of those on board the flight, knocked shares 3.4 percent lower to $66.90 in early trade on the New York Stock Exchange as investors pondered the likelihood of another delay to the program, which is already nearly three years behind schedule. Get the full story »
Nov. 1, 2010 at 5:02 p.m.
Filed under:
Autos,
Banking,
Bankruptcy,
IPOs,
Stock activity
By Reuters
General Motors plans to sell just over $13 billion of shares in its IPO, people familiar with the matter said, cutting the U.S. government’s stake while opening the door for investment by overseas state-backed investors.
GM will file the terms in an updated prospectus for its initial public offering with the U.S. Securities and Exchange Commission Tuesday, the sources said.
The company expects to sell 365 million common shares at between $26 and $29 each, raising between $9.5 billion and $10.6 billion, they said. Get the full story »
Oct. 29, 2010 at 10:14 a.m.
Filed under:
Energy,
Investigations,
Stock activity
By Reuters
Halliburton Co. shares continued to slide on Friday, a day after a government panel said the oilfield service company used flawed cement on the BP well that blew out in the Gulf of Mexico, causing the worst offshore oil spill in U.S. history.
Investors worried about Halliburton’s liability sent the shares down as much as 16 percent on Thursday after the White House panel issued its report and a letter. The stock continued its slide on Friday, falling 1.4 percent.
Halliburton vigorously defended its actions in a lengthy statement issued Thursday night, saying there were significant differences between the company’s tests on the cement used in the Macondo well and the government’s tests. Get the full story »
Oct. 13, 2010 at 11:43 a.m.
Filed under:
Retail,
Stock activity
By Reuters
U.S. drugstore chain Walgreen Co. said its board has approved a buyback of $1 billion shares and set a regular quarterly dividend. Get the full story »
The Dividend Daily | Morgan Stanley raised its price targets and earnings estimates for Archer Daniels Midland Tuesday. It pegs shares of the agriculture products giant at $37, a 12 percent premium from their close of $32.95 Monday.
