GULFPORT — Hancock Holding Co. is offering about $200 million of its common stock shares. Gulfport, Miss.-based Hancock said today that it would use proceeds for general corporate purposes. Those include boosting its capital and buying preferred shares of Whitney Holding Corp. Hancock has a $1.5-billion stock deal pending to acquire New Orleans-based Whitney. As [...] [...]
NEW YORK — Shares of cosmetics and skin care company Avon Products Inc. rose 9 percent in pre-market trading today after a report that L’Oreal may be interested in making a bid for the company. A report in the U.K.’s Daily Mai said French beauty company L’Oreal SA could offer more than $44 per share [...] [...]
LONDON (AP) — European stocks markets were dragged lower today by an expected retreat on Wall Street, at the start of a major week on the economic news front that may go a long way to determining investors’ views about the world economy going into the last quarter of the year. In Europe, the FTSE [...] [...]
NEW YORK — A tearful former IBM executive was sentenced to six months in prison yesterday for his role in what prosecutors call the biggest hedge fund insider trading case in history. Robert Moffat, 54, was also ordered to pay a $50,000 fine by U.S. District Judge Deborah A. Batts following his guilty plea earlier [...] [...]
NEW YORK — Stock futures rose sharply today as investors gained confidence in the banking sector following the passage of new global regulations and China’s economy continued its robust growth. Global regulators agreed to reforms that could help avert another credit crisis that plagued financial markets worldwide in 2008. Banks will gradually have to increase [...] [...]
by Associated Press Published: September 8,2010
Tags: disaster, energy, environment, investing, investments, markets, offshore drilling, oil and gas, oil spill, stocks and bonds
LONDON — Shares in BP PLC have extended gains after the release of an internal report on the disastrous oil spill in the Gulf of Mexico that deflects much of the blame onto contractor Transocean. The stock was up 2 percent at 414.95 pence ($6.41) shortly after the report was made public today. BP fulfils [...] [...]
NEW YORK — Stock futures rose slightly today as investors tried to brush off fresh worries about the health of European banks. Major indexes had retreated yesterday after new questions surfaced about exactly how much potentially risky government debt European banks are holding. That snapped a strong four-day rally in the U.S. where investor optimism [...] [...]
NEW YORK — Stock futures slipped today, a day after investors sent stocks surging to start the new month. The hesitancy to extend the market’s big gains came as investors prepare for key readings on the jobs market over the next two days. Retailers are also reporting monthly sales figures today, while data on factory [...] [...]
NEW YORK — Stock futures surged today after upbeat signs of growth in China and Australia alleviated worries about a global economic slowdown. Overseas markets rose sharply after reports showed the pace of growth in China’s manufacturing sector rose in August for the first time in four months and Australia economy grew by the fastest [...] [...]
PALO ALTO, Calif. — Hewlett-Packard Co. said today its board has authorized the repurchase of $10 billion in shares. The announcement comes as the personal computer maker is involved in a bidding contest with rival Dell Inc. for the data storage company 3Par Inc. Shares of HP, which is based in Palo Alto, Calif., rose [...] [...]
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