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Stocks lift after IBM OKs buyback; investors still cautious after disappointing economic data

iht.com     Feb 26, 2008   183 related          

Wall Street reversed earlier losses and rallied Tuesday after IBM approved a $15 billion (€10.08 billion) stock buyback, suggesting to investors that there are still some companies out there with financial muscle. ... "The market is kind of overcoming negative news,...                    

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Getty Images Sold for $2.4 Billion

photographyblog.com     Feb 26, 2008   147 related          

Getty Images has been purchased by private equity firm Hellman & Friedman in a transaction valued at approximately $2.4 billion. ... Andy Ballard, managing director of Hellman & Friedman, said, “Getty Images is the leader and pioneer in the visual content and digital...                    

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Stock Watch for EXPT! February 26, 2008

marketwire.com     Feb 26, 2008   24 related          

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts. ... Stock Market Alerts' performance stock list includes: Expert Group, Inc. is on the move, and should have investors monitoring the stock closely. Monday after the markets...                    

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Stocks jump after relief on bond insurers

washingtonpost.com     Feb 25, 2008   184 related          

NEW YORK (Reuters) - U.S. stocks rose more than 1 percent on Monday on signs the two largest bond insurers would stabilize, bringing a wave of relief to a market dogged by concerns of further bank write-downs. ... Electronic Arts Inc (ERTS.O) offered $1.9 billion for its...                    

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Stocks surge on positive signs for bond insurers

reuters.com     Feb 25, 2008   107 related          

NEW YORK (Reuters) - Stocks rose sharply on Monday on signs the two largest bond insurers would stabilize, bringing a wave of relief to a market dogged by concerns of further bank write-downs. ... By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks rose more than 1...                    

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Market edges up on deal news

washingtonpost.com     Feb 25, 2008   3 related          

NEW YORK (Reuters) - Stocks advanced modestly on Monday on optimism about some media deal news and a possible rescue for a bond insurer, but gains were curbed by renewed concerns about subprime-related losses at the biggest U.S. banks. ... Optimism about the latest...                    

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National business briefs

startribune.com     Feb 26, 2008   56 related          

Last update: February 25, 2008 - 8:21 PM January home sales pace slowest on record Sales of existing homes fell for the sixth straight month in January, dropping to the slowest pace on record. The National Association of Realtors said Monday that sales of single-family...                    

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RBC closes deal for Alabama bank

orlandosentinel.com     Feb 26, 2008   15 related          

RBC Centura Banks Inc. said Monday it has completed its buyout of Alabama National BanCorporation . Raleigh, N.C.-based RBC -- the U.S. unit of Royal Bank of Canada -- had announced the $1.6 billion deal in September, subject to regulatory and shareholder approvals. Birmingham, Ala.-based Alabama...                    

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Before the Bell: Genentech, Take-Two Interactive, Visa, Lowe's in focus (at MarketWatch)

yahoo.com     Feb 25, 2008   54 related          

U.S. stock futures flatten as investors await a possible bailout of troubled bond insurer Ambac Financial. ... , , ) shares were strong in early moves after the U.S. Food and Drug Administration granted accelerated approval for Avastin, in combination with paclitaxel...                    

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Futures flat as banks weigh, Ambac rises

washingtonpost.com     Feb 25, 2008   15 related          

NEW YORK (Reuters) - Stock index futures suggested a flat market open on Monday as optimism for a bond insurer rescue plan was offset by a round of cuts in earnings outlooks for major U.S. banks. ... Markets in Europe were lifted after Dresdner Bank said on Monday it...                    

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