Wednesday, August 20, 2008
Forecasting further write-downs, Goldman cuts estimates for banks
Forecasting further write-downs, Goldman cuts estimates for banks
Goldman Sachs becomes the latest to chop profit estimates on bank and
broker stocks on the expectation of more ugly write-downs triggered by
the ongoing tumult in credit markets.
H-P shares get lift on strong earnings forecast
Hewlett-Packard Co. on Tuesday reports fiscal third-quarter profit rose
11% from a year ago as sales reach $28 billion and the technology giant
records growth in all of its main business areas.
Beijing priming post-Olympics money pump
Beijing is likely to implement post-Olympics stimulus measures to offset
a slowing economy and spur jobs growth, taking advantage of a benign
inflationary backdrop and an energized national mood in the wake of the
Games.
U.K. authority may force BAA to sell three airports
U.K. regulators Wednesday call for Britain's main airport operator, BAA,
to sell three airports after an in-depth review finds its dominant
position in London and Scotland is harming passenger interests.
