SEOUL (Reuters) - South Korea’s Samsung Securities Co
(016360.KS: Quote, Profile, Research) said on Thursday its quarterly net profit more than
doubled as surging stock trading volumes and sales of equity
funds boosted commissions, but the results missed expectations.
The 2008 outlook for domestic brokerages such as Samsung
and Daewoo Securities (006800.KS: Quote, Profile, Research) is clouded by [...]
SEOUL (Reuters) - South Korea’s Samsung Securities Co
(016360.KS: Quote, Profile, Research) said on Thursday its quarterly net profit more than
doubled as surging stock trading volumes and sales of equity
funds boosted commissions, but the results missed expectations.
The 2008 outlook for domestic brokerages such as Samsung
and Daewoo Securities (006800.KS: Quote, Profile, Research) is clouded by [...]
SEOUL, Jan 31 (Reuters) - South Korea’s Samsung Securities Co
(016360.KS: Quote, Profile, Research) on Thursday reported a quarterly net profit that more
than doubled as stock trading volumes and sales of equity funds
surged, boosting the broker’s commissions.
Samsung, which brokers around 7.4 percent of South Korea’s
stock trading, said net profit in its fiscal third quarter [...]
NEW YORK %26mdash; This week, investors were bracing for Black Tuesday. Instead, they got Whiplash Wednesday.
A day after the Federal Reserve slashed interest rates, averting a nasty nose dive in the market, Wall Street watched as the Dow Jones industrial average swung like a yo-yo, diving nearly 250 points in the opening minutes, spending [...]
NEW YORK %26mdash; This week, investors were bracing for Black Tuesday. Instead, they got Whiplash Wednesday.
A day after the Federal Reserve slashed interest rates, averting a nasty nose dive in the market, Wall Street watched as the Dow Jones industrial average swung like a yo-yo, diving nearly 250 points in the opening minutes, spending [...]
RAB Posts Slowest Full-Year Profit Growth Since IPO (Update6)
By Tom Cahill
Jan. 18 (Bloomberg) — RAB Capital Plc, the second-biggest
shareholder of Northern Rock Plc, reported the slowest earnings
growth since the hedge-fund manager sold shares to the public
almost three years ago. [...]
RAB Posts Slowest Full-Year Profit Growth Since IPO (Update6)
By Tom Cahill
Jan. 18 (Bloomberg) — RAB Capital Plc, the second-biggest
shareholder of Northern Rock Plc, reported the slowest earnings
growth since the hedge-fund manager sold shares to the public
almost three years ago. [...]
The FINANCIAL — A consortium of leading global banks today announced an agreement in principle to create and provide liquidity support to a master conduit to enhance liquidity in the market for asset-backed commercial paper and medium-term notes issued by structured investment vehicles (SIVs).
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Bank of America Corp. (NYSE: [...]
NEW YORK (CNNMoney.com) — Bank of America came to the rescue of embattled mortgage lender Countrywide Financial Corp. Friday, announcing it would buy the company for $4 billion in an all-stock deal.Countrywide (CFC, Fortune 500) shares tumbled 15 percent in afternoon trading on the New York Stock Exchange a day after soaring 51 percent on [...]
By Jonathan Stempel
NEW YORK (Reuters) - Jefferies Group Inc (JEF.N: Quote, Profile, Research), an investment bank that serves mid-sized companies, on Monday said it expects to report a surprise fourth-quarter loss, hurt by higher compensation costs, trading losses and weak results in its high-yield and asset management businesses.
Shares of Jefferies fell as much as 13.6 [...]
