Financial News

Stocks on the move Real-Time Equity news U.S. stock market report 1226 ET 29Dec2008-NexCen doubles after selling Bill Blass brand ------------------------------------------------------------------------------ Shares of NexCen Brands soared on Monday, more than doubling in value after the company sold its Bill Blass apparel brand to Peacock International for $10 million. The ...

Stocks on the move Real-Time Equity news U.S. stock market report 1241 ET 29Dec2008-Rick's Cabaret down ahead of quarterly results ------------------------------------------------------------------------------ Shares of nightclub operator Rick's Cabaret fell Monday, ahead of the release of the company's fourth-quarter results. The Reuters Estimate is for earnings of ...

Stocks on the move Real-Time Equity news U.S. stock market report 1249 ET 29Dec2008-Cal-Maine results weighs on peers ------------------------------------------------------------------------------ Shares of food companies fell on Monday after Cal-Maine Foods reported a drop of 32 percent in its second-quarter earnings, hurt as demand for eggs fell. The stock slid 11 ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 17:03GMT 29Dec2008-FTSE Small Caps close up 0.3 pct --------------------------------------------------- The FTSE Small Cap index closes 0.3 percent higher, underperforming the UK blue chip and mid cap indexes, which close up 2.4 percent and 0.6 percent respectively. Shares in ...

Stocks on the move Real-Time Equity news U.S. stock market report 1216 ET-29Dec2008 Investors sell Rohm calls on doubts over deal ------------------------------------------------------------------------ Investors have been selling calls in Rohm and Haas on concerns the collapse of a $17.4 billion joint venture deal between Kuwait and Dow Chemical could upset Dow's plans to buy Rohm. ...

NEW YORK, Dec 29 (Reuters) - Freddie Mac, the second-largest U.S. home funding company, said on Monday it named Raymond G. Romano as the company's chief credit officer. Romano will be responsible for credit risk management activities for the government-sponsored enterprise, which was place in conservatorship in September. Romano has served as senior vice president of credit risk ove ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 16:05GMT 29Dec2008-CMB shares rise after lagging U.S. peers ----------------------------------------------------------- Shares in Belgian dry bulk shipping group CMB rise as much as 10.4 percent after recent weakness and drawing strength from sharp gains in U.S. peers earlier th ...

BUDAPEST, Dec 29 (Reuters) - Oman Oil Co (OOC) has transferred back 8.774 million MOL shares to the Hungarian oil group MOL based on an announcement made on Dec. 23, the Hungarian company said in a statement on Monday. OOC received those shares in March in a move which analysts said was aimed at helping MOL fight off a hostile takeover bid by Austrian oil group OMV, which was later called  ...

Stocks on the move Real-Time Equity news U.S. stock market report 1055 ET 29Dec2008-Riverbed Tech falls after downgrade ------------------------------------------------------------------------------ Shares of Riverbed Technology slumped on Monday after Wedbush Morgan lowered its rating on the stock to a "hold" from a "buy," citing deteriorating expectatio ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 12:33GMT 29Dec2008-Turkish firms Park, Ceytas jump on merger ------------------------------------------------------------ Shares in power company Park Elektrik and mining company Ceytas both surge more than 15 percent after they announce their decision to merge. Park and Ceyta ...