Finance Info Blog

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Gilead Aims To Extend Dominance

The HIV market leader inks a deal with J&J’s Tibotec unit to create a second three-in-one AIDS pill.
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The world’s largest maker of mobile handsets alarmed investors by signalling that the profitability of its handset unit was unlikely to recover until 2010 as it reported a sharp fall in earnings for the second quarter
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Citigroup Fights To The Finish

The ailing bank is set to report Q2 earnings on Friday. Will its hard work be enough?
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Michael Ding, head of Accenture’s utility industry consulting practice in Beijing, on what’s brewing.
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False Bottoms

The recession is not over. Investors will soon return to worrying about deflation and weak share earnings.
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The Father Of Shale Gas

Billionaire George Mitchell talks with Forbes about his pioneering drilling work and the difficulties of the current market.
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Thriving In Chaos

What’s making the market jumpy? Fear? Deleveraging? No. It’s Reg FD.
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Citigroup and Bank of America earnings could move financials while Google and IBM results will have tech investors buzzing.
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Microsoft Bets On Bar Codes

Tech giant will put the 2-D technology in videogames, on posters, even on Kobe Bryant.
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Obama tackles racism in NAACP speech

Barack Obama, US president, told the National Association for the Advancement of Colored People that Americans must keep fighting to eradicate bigotry, racism and discrimination and acknowledged civil rights pioneers for making his own election possible
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IBM adds to signs of comeback in sector

IBM reported an unexpected surge in quarterly profit on Thursday, providing further evidence that the technology industry is poised for a comeback in the second half of the year
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Muni Bond Malaise

Don’t hold your breath for AAA bonds; AA is fine. It’ll probably become the new market standard.
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Jamie Dimon, chief executive of JPMorgan Chase, hit out at strict rules on US credit cards, saying they would cost the bank’s lossmaking card unit up to $700m next year
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Bankers hit back at Walker Review

Leading London bankers hit out at government-backed recommendations to rein in executive power and make public the details of top bankers’ salaries, saying the proposals were overly bureaucratic and populist
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CIT on the brink as bail-out talks fail

Shares in CIT, the US small-business lender, fell 75 per cent after the failure of government bail-out talks prompted fears of a bankruptcy filing
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Google sees signs of stabilization

Google said Thursday it was seeing signs of stabilization in what has been a very rough advertising environment.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/29oRlaHJE1c” height=”1″ width=”1″/
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BB&T’s expected strong second quarter won’t keep investors from asking where its credit losses are.
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Google executives said they had seen a return to stability in the online advertising market as the internet company reported quarterly earnings ahead of Wall Street forecasts
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Jamie Dimon, chief executive of JPMorgan Chase, hit out at strict rules on US credit cards, saying they would cost the bank’s lossmaking card unit up to $700m next year
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Bank Earnings: Beauty Is Skin-Deep

Profit and revenue surges belie deterioration in JPMorgan’s loan portfolio and Goldman’s asset management business.
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Algosaibi sues Saad Group owner

One of Saudi Arabia’s most powerful family-owned companies has filed a lawsuit in which it accuses Maan Al-Sanea, the Saudi billionaire, of “massive fraud” and alleges that he “misappropriated approximately $10bn as a result of his frauds”
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IRS signals willingness to help states adopt California tactic.
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Bonds rise after 3-day sell off

Read full story for latest details.img src=”http://feeds.feedburner.com/~r/rss/money_markets/~4/g4×6v5hZpVY” height=”1″ width=”1″/
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Starbucks unveils a new drink: Booze

Read full story for latest details.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/2veDs7Khk5s” height=”1″ width=”1″/
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Citigroup Fights To The Finish

The ailing bank is set to report Q2 earnings on Friday. Will its hard work be enough?
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