Financial News

U.S. stocks traded sharply lower Friday afternoon, with the Nasdaq Composite Index at a two-month low and the Dow Jones Industrial Average shedding more than 200 points over the past two sessions, as fresh economic data and rising bond yields did little to calm concerns about inflation and the outlook for interest rates. The Dow Jones Industrial Average (DJI) was down 71 points at 11,430, but o ...

U.S. stocks tumbled Friday afternoon, with the Nasdaq Composite Index at a two-month low and the Dow Jones Industrial Average shedding more than 200 points over the past two sessions, as fresh economic data did little to ease concerns about inflation and the outlook for interest rates. The Dow Jones Industrial Average (DJI) was down 101 points at 11,400. Of the 30 Dow components, 26 traded to t ...

This is Money12 May 2006 THE NUMBER of people declaring themselves bankrupt has nearly doubled during the past year, Government figures showed today. WANT TO KNOW MORE? READER SERVICE: Beat debt EXPERTS: Get your questioned answered OTHER STORIES Brown and Blair in pensions pact Personal info sellers face jail Market report: Friday close Schoolboy project sells for £61m Takeov ...

U.S. stock losses steepened Friday as the latest data did little to ease concerns about inflation and the outlook for interest rates, but Generals Motors Corp. bucked the downtrend, gaining after a broker raised his recommendation on the carmaker. The Dow Jones Industrial Average (DJI) was down 44 points at 11,457. The Nasdaq Composite Index (RIXF) fell 21 points to 2,252 while the S&P 5 ...

U.S. stocks fell in early trading Friday as the latest data on import prices did little to ease concerns about inflation, while a rise in bond yields only served to underline the market's glum outlook on interest rates. A surprise narrowing in the U.S. trade deficit offered some consolation. The Dow Jones Industrial Average (DJI) was down 30 points at 11,470. The Nasdaq Composite Index (R ...

James Rossiter, Evening Standard12 May 2006 CITY salaries are on the rise as banks struggle to find enough suitably qualified juniors to work on their burgeoning pipeline of deals. OTHER STORIES Brown and Blair in pensions pact Personal info sellers face jail Market report: Friday 12.00 Teen entrepreneur worth millions Takeover of Ottakar's gets green light THE EDITOR'S CHOIC ...

By Julien Ponthus BRUSSELS (Reuters) - Arcelor, the world's second-biggest steel maker, said on Friday it would proceed with a 5 billion euro (3.4 billion pound) share buyback, its latest weapon to fend off a takeover by larger rival Mittal Steel. It also reported first-quarter core profit that beat analysts' estimates and constituted the Luxembourg-based group's "best defence" against its unwanted suitor, Chief Executive Guy Dolle said in a conference call after the announcement. Arcelor dep ...

LONDON (Reuters) - The world's largest hotelier, InterContinental Hotels, is set to report a dip in first-quarter profits on Tuesday due to its hotel sell-off, but will show strong underlying U.S. growth, analysts said. The group (IHG.L: Quote, Profile, Research) , which operates 3,600 hotels under brands including InterContinental, Crowne Plaza and Holiday Inn, gets three-quarters of its earnings from the United States, where rivals have already reported strong first quarters. Elsewhere, Euro ...

European shares declined Friday as investors played off commodity-inspired inflation concerns that drove U.S. markets lower, while steelmakers traded mixed after revealing first-quarter earnings. The FTSE 100 indexdeclined 1.6% at 5,944, the German DAX Xetra 30 indexfell 1.7% at 5,953, and the French CAC-40 indexdropped 1.7% at 5,174. The pan-European Dow Jones Stoxx 600 indexmoved 1.6% lowe ...

Arcelor, the steel company that is the subject of a hostile takeover bid from India's Mittal Steel, has reported a 20% drop in quarterly profits. Net income was 761m euros ($980m; £519m) in the first quarter, from 949m euros a year earlier as the firm blamed falling prices and a dip in demand. Mittal's profits also fell, with net income down 35% at $743m (576m euros). A bid by Mittal - the world's largest steelmaker - to buy smaller rival Arcelor, has sparked controversy. Better terms ...