Business-Deals.biz

STOCKS NEWS THAILAND-Sansiri down after quarterly loss

admin — Wed, 16 May 2012 20:18:50 +0000

Shares in property developer Sansiri Pcl fell 0.96
percent to 2.06 baht, after its first quarter earnings declined
68 percent to 1.96 billion baht ($ 62.58 million) from the
previous quarter.
Reuters: Hot Stocks

Samsung loses $10 billion market value on Apple order report

admin — Wed, 16 May 2012 16:08:18 +0000

SEOUL – Shares in Samsung Electronics Co slumped more than 6 percent on Wednesday, wiping $ 10 billion off the electronics giant’s market value, on a report that Apple placed huge chip…
Reuters: Global Markets

Shares cut gains after ECB funding news

admin — Wed, 16 May 2012 15:48:20 +0000

NEW YORK – Stocks sharply cut gains on Tuesday after news the European Central Bank stopped monetary policy operations to some Greek bank because recapitalization was not in place, central bank sources told Reuters.
Reuters: Business News

STOCKS NEWS THAILAND-CIMB downgrades Asian Property to neutral

admin — Wed, 16 May 2012 08:54:13 +0000

CIMB Research downgraded Asian Property Development Pcl
to neutral from outperform, seeing a weak profit outlook
for the housing developer. It maintained its stock target price
of 6.48 baht ($ 0.21).
Reuters: Hot Stocks

Facebook expands IPO size, aims for $15 billion: source

admin — Wed, 16 May 2012 02:18:39 +0000

SAN FRANCISCO – Facebook Inc is increasing the size of its IPO by 85 million shares to about 422 million, a source familiar with the matter told Reuters, raising more than $ 15 billion in Silicon Valley’s largest market debut.
Reuters: Business News

FBI launches JPMorgan probe, shareholders back Dimon

admin — Wed, 16 May 2012 01:12:50 +0000

TAMPA, Florida – The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key U.S. agencies said they were looking…
Reuters: Global Markets