PPM Blog
Spain’s Bankia: Depositors have nothing to fear
MADRID (MarketWatch) — Spanish lender Bankia SA said depositors have “nothing to fear,” in a statement issued Thursday in reponse to a report in El Mundo that customers have withdrawn 1 billion euros ($1.3 billion). Shares tumbled 11% on Thursday, [...]
Financial Stocks: J.P. Morgan down again as financials weaken
J.P. Morgan Chase & Co. falls 2.5% after a report of further derivatives losses, a standout among falling financials. Read More
Wal-Mart probed by SEC, DOJ, Mexican agencies
NEW YORK (MarketWatch) — Wal-Mart Stores Inc. , undergoing an internal investigation into whether it allegedly violated the U.S. Foreign Corrupt Practices Act in its Mexican market and whether prior allegations were mishandled by the company, said in a regulatory [...]
Wal-Mart rallies as U.S. gains traction
Wal-Mart Stores Inc. shares jump on Thursday after Walmart U.S., its biggest unit, reported a third straight quarterly same-store sales gain. Read More
Newswatch: U.S. stock futures wobble on Greece worries
U.S. stock-index futures pointed to a flat open for Wall Street, as investors remained focused on Greece’s politics and finances. Read More
Federal regulators to meet after J.P. Morgan trade
WASHINGTON (MarketWatch) – A government council made up of bank and securities regulators that seeks to identify systemic risk issues plans to meet Tuesday privately, according to a Treasury official. The meeting, which the official said is a regularly scheduled [...]
How politicians see a battleground Ohio county
The chairmen of the Democratic and Republican parties of Wood County, Ohio, talk to MarketWatch about their plans to help Barack Obama and Mitt Romney win their bellwether county this fall. Read More
Newswatch: The swing county in swing state that picks winners
Voters in election bellwether Wood County, Ohio, talk with MarketWatch about Barack Obama’s and Mitt Romney’s chances for winning their county and the presidency, and why the race for the Buckeye State will be close this fall. Read More
Arena offering priced at 9.2% discount; shares off
Arena Pharmaceuticals Inc.’s ARNA public offering of 11 million shares priced at a 9.2% discount to its Tuesday closing price. Shares were off 6.3% in premarket trading to $5.67, above the offer price of $5.50. The biotechnology company said it [...]
Regulator eyes operational risk at big banks
WASHINGTON (MarketWatch) – Even though capital at big banks stands at its highest level in a decade there is a rising operational risk at banks, a chief U.S regulator for big banks said Wednesday. “As the industry continues to heal [...]