Shares News

NEW YORK (Dow Jones) - Former Goldman Sachs CEO Henry Paulson filed to sell about $500 million worth of Goldman Sachs stock late Thursday shortly after the U.S. Senate voted to confirm his appointment as U.S. Treasury Secretary. Paulson filed to sell 3.23 million shares in a shelf offering of Goldman Sachs (GS) stock according to a prospectus filed with regulators. Based on the bank's closing p ...

LONDON (Dow Jones) -- A 5% drop in European equity markets during the second quarter had strategists and investors blaming an unlikely culprit, the Japanese yen. Major European indexes looked set to end below March 31 levels on Friday, even after three straight days of gains. The pan-European Stoxx 600 indexlost around 5% in the quarter, usually late Friday prices. Around Europe, the German  ...

NEW YORK (Dow Jones) -- It's beset by a bewildering array of problems, its debt trades as junk, and speculation that it will be forced into bankruptcy continually resurfaces, but, with a 53% gain, General Motors Corp.'s stock was the best performer in the Dow Jones Industrial Average during the year's first half. That places it comfortably ahead of heavy-machinery maker Caterpillar (CAT) , in s ...

Sam Fleming, Daily Mail30 June 2006 BP boss Lord Browne was the undisputed golden boy at a black-tie gathering of oil industry bigwigs in London earlier this year. While arch rivals Royal Dutch Shell and Exxon were struggling with the negative publicity normally endured by oil giants, Browne was feted by environmentalists and shareholders alike. CLEAN IMAGE: BP has worked to improve its public perception in recent years WANT TO KNOW MORE? Find out how BP and other oil co ...

Evening Standard30 June 2006 AUSTRALIAN lottery operator Tattersall's plans to bid to run the UK National Lottery for 10 years from 2009. OTHER STORIES Five years on: 10% worse-off Credit card price-fixing probe kicks-off Market report: Friday close OFT to probe BAA monopoly Apple in stock options scandal THE EDITOR'S PICKS CAMPAIGN: 'Protection Racket' MONEY MAKER: Halifax  ...

Bill Condie, Evening Standard30 June 2006 APPLE Computer has become the biggest corporate name so far to become implicated in the brewing stock-options scandal in the US, with the company admitting it may have manipulated share grants to benefit executives, including chief executive Steve Jobs. iPROBE: Apple the company behind the iPod is being investigated over stock options WANT TO KNOW MORE? REPORT: Apple in new iPod patent row READER SERVICE: Company reports GUIDES: Inve ...

By David Cullen LONDON (Reuters) - Drax, owner of Europe's largest coal-fired power station, said on Friday it had already sold nearly two thirds of its 2007 output at higher prices and gave details of a planned special investor payout. The firm, which this month had its name added to the FTSE 100, was almost bankrupt in 2002 after wholesale electricity prices crashed. But soaring power prices have changed all that and after a debt restructuring in 2005 and a stock market listing in December, ...

LONDON (Reuters) - A strong line-up for the quarter-finals of the World Cup may be good news for the tournament, but it shows bookmakers have been having a tough time, Britain's biggest betting shop chain said on Friday. "It's fair to say you've had 56 matches played in the World Cup and 39 of them have been won by favourites," David Harding, Chief Executive of William Hill (WMH.L: Quote, Profile, Research) told Reuters. "So you would expect the bookmakers probably aren't doing quite as well  ...

LONDON (Reuters) - Medical devices maker Smith & Nephew said on Friday it had received a subpoena from the U.S. Department of Justice for documents relating to possible anti-trust issues over joint implants. Shares in S&N (SN.L: Quote, Profile, Research) fell 2.1 percent to 408 pence on the news, making them the biggest losers in London's FTSE 100 index by 1040 GMT. Investors fear the investigation could lead to punitive action and possible curbs on prices in the profitable and fast-growing i ...

By Steve Slater and Friedel Rother LONDON (Reuters) - A recent stock market revival has aided Standard Life's looming stock market flotation, but its shares are still expected to be priced towards the lower end of their indicated range, investors and analysts said on Friday. Standard Life, Europe's biggest mutual insurer, next week moves into the last leg of a sales campaign ahead of its potential 5 billion pound float. The shares are expected to be priced late on July 7 ahead of a July 10 lis ...