Financial News

(Corrects company to GM in headline in first item) Stocks on the move Real-time Equity news U.S. stock market report 1222 ET 28Jan2009-GM evaluating options for small engine production ------------------------------------------------------------------------------ A spokeswoman for General Motors on Wednesday said the company had suspended some construction contracts for a $370 million Flint e ...

Stocks on the move Real-time Equity news U.S. stock market report 1242 ET-28Jan2009-Goldman suggests sell Lam Research and KLA-Tencor strangles ------------------------------------------------------------------------------ With option prices near a five-year high, investors should consider selling February strangles in Lam Research and KLA-Tencor to capture attractive premium, said Goldman Sach ...

Stocks on the move Real-time Equity news U.S. stock market report 1301 ET 28Jan2009-Pfizer down ahead of release of results ------------------------------------------------------------------------------ Shares of pharmaceutical company Pfizer Inc fell on Wednesday, topping the percentage decliners list for the Dow Jones industrial average ahead of its first-quarter results. For the quarter,  ...

Stocks on the move Real-time Equity news U.S. stock market report 1314 ET 28Jan2009-Markets up on optimism over bank plan progress ------------------------------------------------------------------------------ Major U.S. indexes rose on Wednesday as investors bet that the Obama administration was making progress on a plan to stabilize the banking industry by removing money-losing assets from t ...

Stocks on the move Real-time Equity news U.S. stock market report 1210 ET-28Jan2009-Health Net calls rise on takeover talk -analyst ------------------------------------------------------------------------------ Health Net Inc call option volume surged on renewed takeover speculation, said Paul Foster, options strategist at theflyonthewall.com. Shares of the insurer rose 6.31 percent to $15.83 n ...

Stocks on the move Real-time Equity news U.S. stock market report 1222 ET 28Jan2009-GE evaluating options for small engine production ------------------------------------------------------------------------------ A spokeswoman for General Motors on Wednesday said the company had suspended some construction contracts for a $370 million Flint engine plant. It also said it was evaluation options  ...

Jan 12 (Reuters) - Total SA launched a C$617 million ($510 million) unsolicited takeover bid late Tuesday for UTS Energy Corp, a Canadian oil sands firm whose major asset is a 20 percent stake in Petro-Canada's planned Fort Hills project. Following are five facts about Canada's oil sands: * Canada's oil sands, located mostly in the north of the province of Alberta, have the larges ...

HANOVER, Germany, Jan 28 (Reuters) - German ball-bearings maker Schaeffler has sounded out the possibility of a capital injection of up to 4 billion euros ($5.3 billion) from the German government, a person familiar with the matter told Reuters. "There was an informal inquiry by Schaeffler," the person said on Wednesday. Schaeffler and the German economy ministry declined ...

Stocks on the move Real-time Equity news U.S. stock market report 1217 ET 28Jan2009-Northern Trust: no exposure to Madoff ------------------------------------------------------------------------------ Northern Trust Corp on Wednesday said it had no direct exposure to Bernard Madoff, or any other recently uncovered frauds, though some of its clients have been affected by the alleged $50 billion ...

NEW YORK, Jan 28 (Reuters) - Sovereign Bancorp Inc shareholders on Wednesday voted to approve the takeover of the largest U.S. savings and loan by Spain's Banco Santander SA . Ninety-six percent of Sovereign shareholders who voted were in favor of the roughly $1.6 billion merger, which is expected to close on Friday. Santander shareholders on Monday approved a capital increase to finance t ...