investment

Love it or loathe it, Triangle radio listeners are getting twice as much Christmas music this year. Wachovia has started replacing its ATMs in the Triangle with next-generation machines, part of the bank's transformation under the ownership of Wells Fargo. Investment banking giant Credit Suisse has sold back about half its land in Research Triangle Park after concluding that it has ample room for expansion in its facility.  

US stocks drifted downward Friday, with the tech sector in focus after disappointing results from computer maker Dell on the heels of a downgrade of several key semiconductor stocks. The Dow Jones Industrial Average dipped 10.95 points (0.11 percent) in opening trades to 10,321.49 after two consecutive losing sessions. The tech-heavy Nasdaq lost 10.32 points (0.48 percent) to 2,146.50 and the broad-market Standard & Poor's 500 index fell 2.44 points (0.22 percent) to 1,092.46. Stocks started off the

The technology sector is in trouble...as traders have reacted negatively to Dell's third-quarter earnings report   -Joseph Hargett

 

Asian markets fell on Friday as investors followed a Wall Street tumble on renewed concerns about the global economic recovery while Japan declared it was in a state of deflation. Tokyo lost 0.54 percent, Hong Kong 0.83 percent, Sydney 1.34 percent and Taipei one percent. Wall Street shed 0.90 percent after eight microchip firms, including Intel and Texas Instruments, were downgraded on fears their inventories were too high.

With the stock index approaching its highest level this year, it will face more profit-taking   -Zheng Gang

 

Tata Power Company Ltd today said it has raised 300 million dollar through the issue of Foreign Currency Convertible Bonds (FCCBs). The company had earlier this month launched a 250 million dollar FCCB issue, with an upsize option of 50 miilion dollars, The FCCBs are convertible at 10 per cent premium over the closing price of the company's shares on National Stock Exchange of India Ltd on November 5 and bear a yield to maturity of 3.5 per ecnt per annum, calculated on a semi-annual basis. The allotme  

Thanks to fairly heavy buying by foreign institutional investors and a fair amount of short-covering ahead of November series derivatives expiry guided the market to a positive close last week. The market witnessed a few rounds of profit taking during the middle of the week, but solid gains recorded on the first two sessions and the sharp rally on Friday enabled it to sign off on a firm note. While a spate of new orders buoyed up information technology stocks, hopes of consolidation among state run bank  

Ironwood Pharmaceuticals, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. The co-managers will be BofA Merrill Lynch and Wedbush PacGrow Life Sciences.  

Indices of the national bourse remained bearish for the third consecutive week due to a package of reasons. The Kuwait Stock Exchange (KSE) posted the lowest drop in seven months due to limited intervention by the "billion's portfolio," where it currently deals in only KD 400 million, compared to KD 1.5 billion in the past. The report alluded the downturn tendency of the stock trading to delay of adoption of the financial stability law, stumbling of the Zain deal, in addition to Agility's hiking price  

Hershey Co. may bid $17 billion for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reported Friday. The bid wouldn't be ready for two weeks, and the terms are in flux, the newspaper says people close to the matter have said. But the people said that the charitable trust that controls the company and has complicated Hershey's merger efforts in the past is now prodding CEO David West to beat Kraft's offer, the Journal reports.

We’re the only offer on the table   -Michael Mitchell

 

The stock market ended a down week with light selling as investors grew uneasy about a rising dollar and spiking demand for the safest government debt. After two strong weeks, investors tried unsuccessfully to extend the market's rally after major stock indexes closed at 13-month highs on Tuesday. Disappointing reports on housing and worries about flagging demand at technology companies sapped strength from the rally.