First Niagara Financial Group, Inc. ( Nasdaq: FNFG ) announced Monday that they have entered into a $237 million deal to buyout struggling bank Harleysville National Corporation ( Nasdaq: HNBC ), the bank having for a few months now been

Companies with strong fundamental are the first to rise out of the crisis. Even during the time of decreased demand, some companies are successfully building their future. One of such examples is Textron Inc. (NYSE: TXT ), a producer of

Japan's number three automaker, Nissan Motor Co., Ltd. ( NASDAQ:NSANY ) intends to mount a high-tech electric drive train system upon a hatchback sedan to be launched in 2010, and billed for parade on August 2, the same date that

Sprint Nextel Corporation (NYSE: S ) was hardly successful with generating any profit over the past couple of years. Constant losses made the company think expansion is the key to success and so they've decided to buy Virgin Mobile USA

Primarily citing a 39 % decline in crane sales, manufacturer of construction cranes and food service equipment, Manitowoc Company, Inc. ( NYSE : MTW ) announced a second quarterly loss of $18.1 million, or $0.14 per share - which included

Having nosedived almost full length on a year-over-year basis, predominantly attributable to a withdrawn car demand in the major markets and the after-effects of a stronger yen, fiscal first quarter net earnings of Honda Motor Co., Ltd. ( NYSE: HMC

Sprint Nextel Corp. (NYSE: S ) second quarter results came with no huge surprise - the company was still in the red and the loss was even wider than expected. The report states Sprint's customer base is dwindling albeit at

Despite some decrease in Time Warner Inc. (NYSE: TWX ) quarterly profit, the company still managed to beat analyst estimates. Time Warner's revenues significantly fell in the advertising sector, which was the main reason for low financial expectations. Net income

Knee-jerk selling on a reported car bomb blast in Spain added to the euro's weak tone against the yen in Asia Wednesday, as the European currency also was weighed down by coming euro-denominated bond redemption.

Sterling fell on Tuesday, retreating from earlier gains against the greenback as Britain's main stock index turned negative and data showed UK retail sales fell faster than expected in July. The British Pound, which often tracks UK equities, stumbled to

Risk appetite hit a rough patch today, as weak US consumer confidence data then reports that two of China's largest state-owned commercial banks have put a cap on lending targets, eroded market optimism. Risky Assets came under selling pressure and

In Currencies: Risk aversion hit the market ahead of the European market as China equity markets slip deep into negative territory. Rumors circulated that two Chinese State banks might curb loan growth and month-end flow sent the Shanghi Composite down

The faltering rally in stock markets yesterday had drawn speculation that a correction could be brewing. As a consequence, the USD and the JPY were both favoured in Asia overnight as investors positioned for a pull back in risk appetite.

Overall, after a consolidation period going throughout the Asian session, the major currencies followed the S&P futures lower shortly after the London open. Later in the session, the S&P futures recovered almost all of the ground lost earlier in the

Markets witnessed a slight reversal in risk appetite yesterday, suggesting that perhaps the current risk rally is running out of steam. From a fundamental standpoint there wasn’t really much to point the finger at. In the US session, economic data

Today in the United Kingdom, the Bank of England released its mortgage approvals showing that it inclined to a 14-month high and this supported the fact that the housing sector is finding its bottom despite the fact that lending remains

The market awaits key US data this morning and continued results of US Treasury auctions, Fed Chief Bernanke continues with Part 3 of The Town Hall meeting. USD/JPY sees sharp rally as Asian stocks declined, expected decline in upcoming US

I noticed the Chinese stock market fell 5% last night - at least that's what's been reported by Bloomberg and others; I actually didn't notice it really. Was it JR's Currency Currents of yesterday talking of China coming "unhinged" that

Lending recovery, till when are we going to keep our concerns on the levels of loans banks are offering to the world economies, we can’t really ask any financial institution to risk further cash in financial markets without them holding

The June durable goods new orders report showed that activity dropped a greater-than-expected 2.5% following a downwardly revised 1.3% increase in May (originally reported as up 1.8%) and a 1.4% gain in April. Expectations going into the report were for