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Stocks to Watch: Stocks in focus for Wednesday Among the companies whose shares are expected to see active trade in Wednesday's session are Ingersoll-Rand, Credit Suisse, Activision Blizzard and ArcelorMittal. Market WatchAmerican Airlines to Only Accept Credit and Debit Onboard February 10, 2009 By Justin McHenryAmerican Airlines announced today that it will begin to transition to a “cashless cabin” this summer during flights within the united states and to and from Canada. Flight attendants will only accept credit cards and debit cards for purchases of food and beverages, headsets, etc.Other airlines that have gone cashless [...] ICC Credit CardTree Island Receives Notice of Default From Lenders VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2009) - Tree Island Wire Income Fund (the 'Fund') (TSX:TIL.UN) today announced that it has received a written notice of default from its lenders under the GE credit facilities. To date, the lenders have not exercised their default-related rights under the credit facilities.As previously announced, as a result of the global economic crisis which led to an unprecedented decrease in global steel prices during the fourth quarter of 2008, Tree Island's raw material and finished goods inventories are overvalued based on current market prices. In accordance with GAAP requirements and subject to final audit, the Fund anticipates that approximately $18 million of this overvaluation will be written down in the fourth quarter of fiscal 2008. This has resulted in the Fund being out of compliance with its current debt services ratio covenant and triggered the notice of default under the GE credit facilities. MarketwireInsurers` Stocks Get Hammered Life insurers' stocks slid amid worse-than-expected earnings, sinking credit ratings and concerns about the adequacy of capital bases. WSJ.comGoldcorp`s Midas Touch Deficit spending and credit creation are pushing gold toward old highs, and this miner is a great way to ride the trend. ForbesGreater Baltimore home sales fall 21 percent in January The number of homes sold in Greater Baltimore dropped 21 percent in January, as potential buyers continue to battle a credit crisis. BizJournalsInsurers` Stocks Take a Beating Life insurers' stocks slid amid worse-than-expected earnings, sinking credit ratings and concerns about the adequacy of capital bases. WSJ.comCoates International, Ltd.: Stockholders Update: Coates International, Ltd. Receives Written Proposal of Incentives Amounting to $787,526,057 U.S. Dollars and a Tax Credit Package of $779,158,557 WALL TOWNSHIP, NJ (MARKET WIRE) Coates International, Ltd. (the 'Company') (OTCBB: COTE) has received a written proposal from one of our states, to set up Coates' mass production and manufacturing operations in that state. These incentives will be spread over 10 years with the creation of new quality jobs, cash incentive of $787,526,057 U.S. Dollars and a tax credit package of $779,158,557. Management is also in direct contact with the Federal Government regarding start-up funding, etc. Management is carefully studying all proposals from all interested states and countries. Market WireOil tumbles after rescue plan unveiled - Twincities.com: News SIOUX FALLS, S.D. — Oil prices fell alongside the broader markets Tuesday with few details released about a Treasury Department program to raise more than $1 trillion in public and private funds to free up credit markets. NewsRackMarket over 4pc down on US stocks tumbled about 4 per cent this morning, as investors worried that a plan to shore up the financial sector may not be enough to loosen up credit and contain the deepening recession.Apple dropp... bignewsnetwork.com1 2 3 4 5 |
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