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Bloomberg Articles

Morgan Stanley Shares Up On Talk of a Discover Sale

Morgan Stanley shares have gone up since its board of directors has approved the sale of its Discover credit card business.

Oil Continues to Climb

With OPEC to discuss a second increase in output, oil prices have jumped to over $58 a barrel.

Oil Jumps Over $58 With OPEC Set to Discuss Output Increase

OPEC will be discussing a second increase in output which has caused oil prices to jump to over $58 a barrel.

Oil Prices Rise Again

Oil prices went back up even though an increase in inventories was announced, and OPEC said that there was no supply problem.

Yukos Security Chief Gets 20 Years for Murder

Alexei Pichugin, the former security chief of Russian oil giant, YUKOS, recieved a 20 year sentence for murder and attempted murder.

MCI Gets a Deadline From Qwest

Qwest Communications has given MCI until April 5 to decide whether or not it wants to accept its offer.

Oil Prices Down As Well As Supply and Demand Concerns

Oil prices have gone down with concern with peak global consumption supply and demand conerns fading.

Durable Goods Orders Turn Around

Durable goods orders in the United States increased 0.3% last month, after dropping the previous month.

Prudential Gets Rid of Bloomer

After months of criticism from shareholders, Prudential has decided to get rid of chief executive, Jonathan Bloomer.

GE Raises Outlook Sending Shares Up

General Electric shares went up after the company raised its outlook for first quarter earnings.

AIG’s Greenberg May Leave Altogether

American International Group’s (AIG) has replaced President and CEO, Maurice “Hank” Greenberg with Martin J. Sullivan.

Qwest to Up Bid for MCI

Qwest Communications is planning increase its bid for MCI to stop its deal with Verizon.

U.S. Current Account Deficit to Correct Itself?

Federal Reserve Chairman Alan Greenspan believes that the U.S. current account deficit will correct itself without causing major problems for the world’s biggest economy.

Warner Music Group Files for IPO

Warner Music Group has filed a registration statement with the Securities and Exchange Commission in connection with a proposed initial public offering of its common stock.

Oil Prices Drop to Under $53

Oil prices dropped to under $53 a barrel after nearly reaching record highs earlier in the week.

Nucor Increases 1Q Earnings Guidance

Nucor announced today that better than expected shipments and margins have increased the earnings guidance for its first quarter ending April 2, 2005.

Intel’s First Quarter Expectations

Intel expects revenue for the first quarter to be between $9.2 billion and $9.4 billion, as compared to the previous range of $8.8 billion to $9.4 billion.

Bank of England Keeps Interest Rates at 4.75%

The Bank of England kept interest rates at 4.75% for the seventh consecutive month.

Oil Prices Down After Nearing Record Highs

Oil prices went down for the first time this week after nearly hitting record highs yesterday.

BHP Outbids Xstrata for WMC

BHP Billiton made an offer of $7.3 billion in cash for WMC Resources after a $6.5 billion bid was made by Xstrata PLC.

OPEC May Pump More

Oil prices fell as a result of speculation that OPEC might pump more to meet increasing demand.