Shares News

By Deepa Seetharaman NEW YORK, Dec 29 (Reuters) - Wall Street stumbled on Monday after a joint venture between Kuwait and Dow Chemical fell through, threatening one of the larger merger deals of the year and adding to fears about a faltering global economy. Dow shares tumbled to their lowest since 1991 after Kuwait decided to end a $17.4 billion petrochemical joint venture amid slumping p ...

By Rebekah Curtis LONDON, Dec 29 (Reuters) - European shares closed higher in thin trading on Monday, led by banks and with energy stocks gaining as the conflict between Israel and Hamas bolstered crude prices. The FTSEurofirst 300 index of top European shares ended 0.8 percent higher at 810.37 points, as 2008 trade draws to a close this week. The index has tumbled 46 percent this year in ...

By Rebekah Curtis LONDON, Dec 29 (Reuters) - European shares closed higher in thin trading on Monday, led by banks and with energy stocks gaining as the conflict between Israel and Hamas bolstered crude prices. The FTSEurofirst 300 index of top European shares ended 0.8 percent higher at 810.37 points, as 2008 trade draws to a close this week. The index has tumbled 46 percent this year in the ja ...

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 ...

By Steven Scheer JERUSALEM, Dec 29 (Reuters) - The Bank of Israel lowered short-term borrowing rates by three-quarters of a point on Monday on concerns of a deteriorating economy and warned of further economic fallout from fighting in the Gaza Strip. In lowering its key lending rate to an all-time low of 1.75 percent, Israel's central bank largely matched a similar move by the Federal Res ...

By Steven Sheer and Peter Apps JERUSALEM/LONDON, Dec 29 (Reuters) - Israeli markets largely shrugged off conflict in Gaza on Monday but the central bank warned of economic impact and ratings agency S&P said it was "reviewing the implications". But fellow ratings agency Fitch said it saw no immediate impact on creditworthiness, concentrating more on a slowing economy but fall ...

By Steven Scheer and Peter Apps JERUSALEM/LONDON, Dec 29 (Reuters) - Israeli markets largely shrugged off conflict in Gaza on Monday but the central bank warned of economic impact and ratings agency S&P said it was "reviewing the implications". But fellow ratings agency Fitch said it saw no immediate impact on creditworthiness, concentrating more on a slowing economy but fal ...

By Carlos Ruano MADRID, Dec 29 (Reuters) - Spanish bank La Caixa is no longer in talks with Russia's LUKOIL to sell all or part of its 12.7 percent stake in oil firm Repsol, it said on Monday. "The La Caixa Group is not in any negotiation relating to the sale of the said stake," the unlisted bank said in a one paragraph stock exchange statement. Lukoil declined to commen ...