TOP 100 FINANCIAL SITES
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| MBIA's shares gain as $1 billion share offering is priced Troubled bond insurer MBIA Inc. increased by 33% its planned common-stock offering to $1 billion, pricing the shares to be sold at $12.15 each. The pricing, announced late Thursday, sent MBIA's shares down more than 10% in pre-open trading Friday on dilution fears, but they clawed back into the black as analysts suggested the move could help the company keep a top-of-line credit rating. feeds.marketwatch.com |
Luxury firm's profit jumps 35% PPR SA, the owner of Gucci Group, said 2007 profit rose 35 percent on increased sales of Bottega Veneta handbags and the acquisition of a controlling stake in the sportswear maker Puma AG.Net income climbed to 922 million euros, from 68 ... english.people.com.cn |
Siemens's Warning Sends Shares Down Siemens warned that problems with major projects would cut quarterly net by about $1.4 billion. Shares fell 17%. online.wsj.com |
Japan to nominate new central bank chief before next weekend The Japanese government intends to nominate new chief for the Bank of Japan (BOJ) before the Group ofSeven finance officials' meeting scheduled for the end of next week in Washington, Chief Cabinet Secretary Nobutaka Machimura said Thursday ... english.people.com.cn |
Cost Cuts Help Lift Boston Scientific's Net Boston Scientific's net income more than doubled on a gain from the sales of business units, strong international sales and cost cutting. online.wsj.com |