Uncategorized

Banks lead S&P 500 to seventh week of gains

By Rodrigo Campos – Fri Jan 14, 2011 NEW YORK (Reuters) – The S&P 500 ended a seventh straight week of gains with a banks-led rally amid healthy volume after encouraging financial results from JPMorgan.   Strength in financial stocks helped offset economic reports that showed soft December retail sales and consumer sentiment dented by […]

Goldman’s Blankfein pitches for Groupon’s IPO: report

– Fri Jan 14, 2011 NEW YORK (Reuters) – Goldman Sachs Chief Executive Officer Lloyd Blankfein went to Chicago to pitch Groupon executives on hiring his bank to underwrite the online coupon company’s initial public offering, Bloomberg reported on Friday.   The report was attributed to a single unnamed source. Banks are currently pitching to […]

Union Bank: Sack imminent over strike action, bans Seniour staff union

By investadvocate Jan 14 2011 15.12 GMT Lagos (INVESTADVOCATE)-Sacking is imminent at Union Bank of Nigeria Plc (UBN) over staff involvement in a recent strike action the Management of the Bank under Funke Osibodu, Group Managing Director/Chief Executive Officer (GMD/CEO) termed as illegal.   Following this, Osibudo announced Thursday January […]