Archive for July 1st, 2009

In an attempt to gain and hang onto new listings in this rough market, two major exchanges have made some concessions to the economy either temporarily lowering listing standards or offering services to tiny, private companies. NYSE Euronext is lowering its standards for stocks that can trade on the exchange, extending its temporary suspension of… »

Newspapers across Europe have struggled for subscriptions and advertising with some on the brink of bankruptcy. Across the continent, newspapers have been slashing staff and budgets in an effort to survive the downturn, while readers move to online resources. But a bit of hope emerged for European newspapers on Wednesday after a note by UBS… »

An agreement between McClatchy Co. and its banks puts the country’s third-largest newspaper chain at risk of defaulting on its debt by the end of the year, according to credit analysts. If that happens, Bank of America and other creditors could either show leniency and rework the terms of their agreement or push the publisher… »

Don’t follow the crowd. That’s the advice analysts gave Volkswagen, the only known European manufacturer with plans to develop production in Russia. Despite U.S. car manufacturers General Motors and Ford suspending operations on their production lines in Russia, analysts say that their German rival should stick to its plans as demand is bound to pick… »

Brits have not been the only ones benefiting from the U.K.’s unusually hot weather this summer. It also apparently helped British mid-market retailer Marks & Spencer get more goods off the shelves and post a smaller-than-expected drop in first-quarter underlying sales.And while its chief executive, Stuart Rose, said he was “cautious about the outlook for… »

Citigroup’s former chairman, Win Bischoff, is being mooted as the frontrunner to chair Lloyds Banking Group; the British bank could do a lot worse than appoint him. Bishop, 67, is no stranger to making tough strategic decisions. As chairman of Schroders he negotiated the split up of the group in 2000 at the top of… »