Winter Haven NEWS - Bank shares help world markets extend rally - MSN MoneyCentral Winter Haven NEWS - Bank shares help world markets extend rally - MSN MoneyCentral

Wednesday, March 11, 2009

Winter Haven NEWS - Bank shares help world markets extend rally - MSN MoneyCentral

LONDON (AP) - European and Asian stock markets were mostly higher Wednesday as sentiment remained relatively well-supported by upbeat comments from Citigroup's chief executive, who claimed in a internal company memo that the ailing U.S. banking giant Alameda NEWS

FTSE adds 5% as resurgent financials elevate market London's FTSE 100 Index soared to gains of almost 5% yesterday as investors returned to beleaguered financial stocks. FTSE in black as major oil gains keep market afloat The FTSE 100 Index dragged Alameda NEWS

The megabank reveaed it had returned to profit in the first two months of the year. The Australian and Asian markets followed up big gains on Wall Street and in Europe by finishing sharply higher, though analysts cautioned it was too early to call an Alameda NEWS

TOKYO (Reuters) - Shares of Japan's Toshiba Corp ( 6502.T ) gained 9.5 percent after a newspaper reported it would likely see an operating profit of about $1 billion next business year, in sharp contrast with analyst estimates for a loss. The Nikkei Alameda NEWS

March 11 (Bloomberg) -- Germany’s DAX Index rose, heading for an almost two-week high, led by a rally in financial companies and carmakers. Deutsche Bank AG climbed 7.1 percent as a unit of the bank is seeking to reclaim some funds lost in the Alameda NEWS

BANGALORE, March 10 (Reuters) - Dick's Sporting Goods Inc ( DKS.N ) posted a better-than-expected adjusted quarterly profit and said it expects to reduce operating costs in 2009 by about $50 million through payroll and other expense reductions Alameda NEWS

DUBLIN -- Irish airline Aer Lingus Group PLC said Wednesday that record costs for fuel pushed it to a 2008 full year net loss, which it said would deepen in 2009 as demand evaporated amid Ireland's recession. The company's shares nosedived on the Alameda NEWS

GEDERA, Israel , March 11 /PRNewswire-FirstCall/ -- TAT Technologies Ltd. TATTF today announced that its Board of Directors has approved the exercise of the Company's option to purchase an additional 18% of the outstanding shares of Bental Industries Alameda NEWS

March 11 (Bloomberg) -- U.K. stocks swung between gains and losses as a drop in crude prices pushed oil producers lower, overshadowing a rally in mining companies. Tullow Oil Plc and Cairn Energy Plc dropped as crude fell for a second day in New York Alameda NEWS

LONDON : Shares in HSBC remained volatile on the last day investors were entitled to the right to participate in the bank's $18 billion (13 billion pound) deeply discounted share sale. In London, HSBC shares dropped 5.76 percent to trade at 376.25 Alameda NEWS

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