Nov. 9 (Bloomberg) -- Continental AG, Europe’s second- largest auto-parts maker, was upgraded to “buy” from “hold” at Citigroup Inc., which cited “raised earnings forecasts and greater prospects for a favourable debt refinancing.”
Nov. 9 (Bloomberg) -- Continental AG had its share rating increased to “buy” from “hold” at Citigroup Inc., which cited improved earnings prospects and the potential for a “favorable” debt refinancing next year in a note to clients.
Nov. 9 (Bloomberg) -- U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index may rise for a sixth day, after the Group of 20 nations agreed to maintain stimulus efforts and metals prices rallied.
Hoping to encourage bankers and managers to stay, Citigroup has begun dispensing several million stock options to more than a quarter of its workers in a way that could result in a sizable gain for them, The New York Times’s Eric Dash reports.
Nov. 9 (Bloomberg) -- German stocks advanced for a fourth day, the longest winning streak since September, after the Group of 20 nations agreed to maintain stimulus measures and Allianz SE said third-quarter profit more than doubled.
Nov. 9 (Bloomberg) -- Group of 20 governments signaled banks will be forced to cover a greater cost of future bailouts even as they split over whether that should be achieved by taxing financial trading.
Nov. 9 (Bloomberg) -- European and Asian shares advanced and U.S. stock-index futures gained after the Group of 20 nations agreed to maintain stimulus efforts and Axa SA and AMP Ltd. offered to buy Axa Asia Pacific Holdings Ltd.
Nov. 9 (Bloomberg) -- Coca-Cola Hellenic Bottling Co.’s sale of 300 million euros of seven-year bonds will be priced to yield 110 basis points more than the benchmark mid-swap rate, according to a banker involved in the transaction.
Nov. 9 (Bloomberg) -- Treasuries fell as the U.S. prepared to sell a record $81 billion of 3-, 10- and 30-year debt this week, fueling speculation supply may overwhelm demand as an economic recovery boosts appetite for higher-yielding assets.
Nov. 9 (Bloomberg) -- Stocks around the world are falling at the fastest rate since the worst of the credit crisis on concern central banks will start raising rates, a signal that triggered the biggest rallies over the past three decades.
Nov. 9 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner is echoing billionaire investor Warren Buffett in telling banks “to take a chance again on the American economy.” So far, his appeal is falling flat.
Commodity-sector stocks are among the strongest performers as metal and oil futures climb.
Nov. 9 (Bloomberg) -- Sands China Ltd., the Macau unit of billionaire Sheldon Adelson’s casino company, plans to raise as much as HK$26 billion ($3.4 billion) in a Hong Kong initial share sale, three people familiar with the matter said.
Nov. 9 (Bloomberg) -- Coca-Cola Hellenic Bottling Co. plans to sell 300 million euros of seven-year bonds, according to a banker involved in the transaction.
Nov. 9 (Bloomberg) -- It’s a, well, golden opportunity. Investor Jim Rogers thinks gold will double to at least $2,000 an ounce. Economist Nouriel Roubini says that’s “utter nonsense.”