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RPT-Telecoms lead Europe shares higher; US data helps
3 Feb 2009 source: iii.co.uk

By Christoph Steitz FRANKFURT, Feb 3 (Reuters) - European shares closed up 1.9 percent on Tuesday as Vodafone led the telecom sector higher, while a rebound in U.S. housing data improved market sentiment. The FTSEurofirst 300 index of top European shares closed 14.62 points higher at 791.90 after having been down as much as 0.9 percent. It fell 2.4 percent in the previous session and lost 45 per ...


STOCKS NEWS US-Dick Bove slashes targets on BB&T
3 Feb 2009 source: iii.co.uk

Stocks on the move Real-time Equity news U.S. stock market report 1249 ET 03Feb2009-Dick Bove slashes targets on BB&T ------------------------------------------------------------------------------ Ladenburg Thalmann analyst Dick Bove on Tuesday slashed his targets on BB&T Corp, dropping the price target to $22 from $35 and the 2009 earnings estimate to $1.56 a share from $2.79 a share. ...


UPDATE 2-Central Africa cbank loses $584 mln-cbank official
3 Feb 2009 source: iii.co.uk

By Antoine Lawson LIBREVILLE, Feb 3 (Reuters) - The central bank for six central African nations lost an estimated 300 billion CFA francs ($584 million) on investments made mainly through France's Societe Generale, a senior official said on Tuesday. "The losses are currently estimated at around 300 billion CFA francs, but an audit is under way to evaluate the precise losses," Be ...


UPDATE 1-JPMorgan's Dimon defends pay for hard jobs
3 Feb 2009 source: iii.co.uk

NEW YORK, Feb 3 (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon, weighing in on the firestorm over bonuses paid by banks who got taxpayer bailouts, defended paying staff for tough jobs. Many executives, including Dimon, whose bank has taken $25 billion from the U.S. government's Troubled Asset Relief Program (TARP), have said they will not seek a bonus for 2008 after the cr ...


Same claim, different measures for US stock venues
3 Feb 2009 source: iii.co.uk

By Jonathan Spicer NEW YORK, Feb 3 (Reuters) - Second-tier U.S. equity exchanges BATS Exchange and Direct Edge both claimed the title of third-biggest market on Tuesday, although BATS measures its market share in the much more common "matched volume" style. BATS -- previously an electronic trading venue that transformed into a formal exchange in October -- claimed 11 percent of  ...


US STOCKS-Housing data boosts market; SanDisk curbs Nasdaq
3 Feb 2009 source: iii.co.uk

By Deepa Seetharaman NEW YORK, Feb 3 (Reuters) - U.S. stocks edged up on Tuesday after a surprising rise in December pending home sales and strong earnings from drugmaker Merck tempered worries about the economy and an otherwise gloomy quarterly results season. But Nasdaq's gains were limited as a poor revenue outlook from flash memory card maker SanDisk Corp, whose chips are used in prod ...


RPT-US STOCKS-Housing data boosts market; SanDisk curbs Nasdaq ...
3 Feb 2009 source: iii.co.uk

By Deepa Seetharaman NEW YORK, Feb 3 (Reuters) - U.S. stocks edged up on Tuesday after a surprising rise in December pending home sales and strong earnings from drugmaker Merck tempered worries about the economy and an otherwise gloomy quarterly results season. But Nasdaq's gains were limited as a poor revenue outlook from flash memory card maker SanDisk Corp, whose chips are used in prod ...


STOCKS NEWS US-Stocks flat as housing data overshadows banks
3 Feb 2009 source: iii.co.uk

Stocks on the move Real-time Equity news U.S. stock market report 1310 ET 03Feb2009-Stocks flat as housing data overshadows banks ------------------------------------------------------------------------------ U.S. indexes were flat on Tuesday, as positive December housing data was partially overshadowed by weakness in the banking sector. Bank of America , Citigroup and JPMorgan C ...


UPDATE 1-TVN falls on rumours owner may need to sell shares
3 Feb 2009 source: iii.co.uk

WARSAW, Feb 3 (Reuters) - Shares in Poland's top listed broadcaster TVN retreated to their lowest levels in 3-1/2 years on Tuesday on market talk that its main owner may have to sell some of its shares used to back debt obligations. TVN shares closed 14.7 percent lower at 9.38 zlotys to value the group at $930 million. Warsaw's main WIG20 index lost 4.8 percent. "There is a ru ...


Telecoms lead Europe shares higher; US data helps
3 Feb 2009 source: iii.co.uk

By Christoph Steitz FRANKFURT, Feb 3 (Reuters) - European shares closed up 1.9 percent on Tuesday as Vodafone led the telecom sector higher, while a rebound in U.S. housing data improved market sentiment. The FTSEurofirst 300 index of top European shares closed 14.62 points higher at 791.90 after having been down as much as 0.9 percent. It fell 2.4 percent in the previous session and lost ...


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