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U.K. Economy Grows More Than Forecast in Quarter, Led by Services, Finance
The U.K. economy grew faster than forecast in the third quarter as manufacturing and services industries rebounded from disruptions during the previous three months. Gross domestic product rose 0.5 percent from the second quarter, when it increased 0.1 percent, the Office for National Statistics… read full news Published: Tue, 01 Nov 2011… »
Barclays High Wire Act – US-FOREX.US
Two sets of similar earnings, two different ways to get them. While net profits at HSBC more than halved to around 3.4 billion for the first six months of the year, they rose by 10% at Barclays to approximately 3.2 billion. While HSBC has been focusing on building up its Tier one capital ratio with… »
GEs Got Worries – US-FOREX.US
Once considered among the world’s safest stocks, the shine has come off General Electric in a hurry over the past two years and with second-quarter earnings due Friday, expectations are muted.The conglomerate slashed its dividend in February, drawing the ire of shareholders, many of them retirees that depend on quarterly payouts as a substantial portion… »
Goldmans Operating Gem – US-FOREX.US
Goldman Sachs isn’t perfect, but the one time king of the bulge brackets newly-minted as a plain-old bank-holding company benefited from a nearly-perfect storm during the second quarter, as the financial market came back to life while its competitors were forced to make cuts.”Operating earnings are going to be terrific and I think the stock… »
A Power Couple Exits – US-FOREX.US
London power couple, Ron Beller, the former chief of now-collapsed hedge fund Peloton Partners, and his wife Jennifer Moses, a senior advisor to Prime Minister Gordon Brown, are quitting the City. The two, who are moving to San Francisco this summer, are well-known figures in London’s financial and political spheres. Beller, a former partner at… »
Is TARP Still Working – US-FOREX.US
New loan origination at banks that received Troubled Asset Relief Program assistance from the U.S. Treasury slipped 7% between the end of April and the end of March, reports the Financial Services Roundtable, a lobbyist organization that represents 100 large financial companies. The total average loan balances on the books of the banks nearly held… »