Ford celebrates Ohio engine plant re-opened

Beijing time Tuesday Evening News, Ford Motor Company (F) is the Cleveland suburb of a closed two years of the engine factory to host a grand reopening ceremony.  The plant at Brook Park is currently producing a new series of energy-efficient engines that will be used as standard for the Ford Taurus SHO and will be used as an optional configuration for the Lincoln MKS and MKT, as well as the Ford Flex sedan. Brook Some of the employees returned to the plant last month, and Ford plans to host a welcome back celebration in Tuesday.

JMS raise Aquaamerica rating to buy

On the evening of May 19 in Beijing, a Wall Street analyst announced a rise in the stock rating of the public water and sewer company Aqua America Inc., citing the company's first-quarter performance and the recent sharp decline in its share price. Analysis on the Montgomery Scott of the securities firm Janney Coy (Debra Coy) announced that the stock rating for Aqua America would be upgraded from "neutral" to "buy". In a report to clients, she wrote that the encouraging first-quarter results "show that ...

Market risk appetite picks up sterling exchange rate hit 7-month highs

"MarketWatch London May 19," Beijing time May 19 Evening News, by the global stock market rally and the financial system has improved the good expectations of the Tuesday pound rate climbed to a record high since November last year. On the morning of Tuesday, the pound hit a 2009-year high of 1.5372 against the dollar and rose to 1.5513.  The exchange rate rose to 1.5335 in Monday. The pound rate is usually the same as the stock market.  Monday U.S. stocks were boosted by positive real-estate market data and bank stocks. Paris, France ...

U.S. stocks review: Sun hardware business Destiny has been set

"MarketWatch San Francisco, May 19" We must admit that, at the beginning of the story, Oracle, the Silicon Valley software giant, is not interested in Sun's hardware business at all. If you read the proxy filings filed by Sun (JAVA) last week, you will find that this is actually a cross-cutting theme.  The document reveals more details about how the troubled system and software companies started selling themselves late last year. "." In this effort, Sun hired Credit Suisse to help ...

Mr Wang: Move to return a shares via CDR

China Mobile's chairman, Mr Wang, said after attending the shareholder meeting 19th that the group is proposing to list in the mainland through depository receipts (CDR), hoping to become one of the first listed state-owned companies to return to the form, and the sooner the process is better, there is no specific timetable. Mr Wang said that the market capitalisation of the move should be returned to the mainland stock market early, and the company's share price has come down from the peak, which is believed to be attractive to mainland investors. As for the mobile tendency to be listed in CDR rather than issue a-shares, Mr Wang said that the main hope is to continue corporate governance, regulation and letter ...

Solar energy in the first quarter to lose profit

Beijing time Tuesday Evening News, Jaso announced that because of the recession led to a sharp decline in demand for its products, the first quarter of earnings from the year-earlier profit of 155 million yuan, into a loss of 193 million yuan (28.3 million U.S. dollars, 18 cents per share).  Quarterly revenue fell 79% from 1.12 billion yuan a year earlier to 232 million yuan (about $33.9 million).  Analysts polled by Thomson Reuters on average expect the company to lose 5 cents per share in the quarter, with a revenue of 108 million dollars. CEO Yang Huijin (Sam ...)

How to deal with the market rebound high ten blog to see future

Today, is the Chinese stock market "5-19" market 10 Anniversary Day. Shanghai and Shenzhen are both high on the early plate by the U.S. Prev High Open after maintaining the high volatility trend, 2,688 points in the pan, set a new highs since the rally, Shen Chengzhi Pan 10,465 points, also set a new high in the rally. The volume of the cities can be synchronized more than yesterday.  As of the close, Prev Rose 0.9% reported 2,676 points. Sealed de day: How to deal with the market rebound new high medium and long term technical indicators form continue to maintain strong long features, today began to face the choice to break the pressure on the rail, this breakthrough ...

Brazil's two biggest food companies announce merger

Beijing time May 19 Evening News, Latin America's two largest food companies announced that the impact of the global financial crisis, the two companies decided to merge, trading mode for the exchange of shares. Brazilian company Perdigao SA and Sadia SA said the merged new company, named Brazilian Food Company (Brasil Foods SA), would be Brazil's largest food-processing company and second-largest food company, second only to the São Paulo meat-processing firm JBS  SA Holdings beef exporter friboi. The transaction will be completed after the birth of a global ...

Foreign ministry says it wants us to help recover the proceeds of BOC Kaiping case

China welcomes U.S. lawmakers ' positive role in promoting China-US relations in the new Era China News agency Beijing May 19 (reporter Yu Yu) Chinese Foreign Ministry spokesman Ma Zhaoxu 19th in response to reporters about the original bank of China, Guangdong Kaiping Sub-branch governor Shuphao, and other corrupt criminals in the United States sentenced incident, said  China hopes that the US side will continue to actively assist the Chinese side in recovering the stolen money and repatriate or extradite Shuphao to China as soon as possible. Ma said that China has noted the recent U.S. court to embezzle huge bank funds fled the United States, the former Bank of China Guangdong Kaiping Branch Governor Shuphao, Xu Guojun and other four defendants ...

Daily Watch: Oil ETFs rebound from support

After last week's fall, the U.S. stocks rebounded sharply in Monday, allowing it to regain its 200 daily average, but the volume could shrink to a few weeks to the lowest level. Yesterday, the market jump high, then turn the downward, but the major indexes quickly into a stable upward trend and continued the entire trading day. The Nasdaq composite Index rose 3.1%, the S & P 500 index climbed 3%, and the Dow Jones Industrial average rose 2.9%. The Russell 2000 small-stock index rose 4%, and the S & P 400 medium-stock index soared 3.8%.  All major indices are close to the amplitude highs. Yesterday's full rally lacked ...

Dealer groups ask Chrysler to postpone asset sale time

A Chrysler dealer group filed an application in Tuesday to the U.S. Bankruptcy court to postpone the sale of most of the company's assets, saying the latter would need more time to defend it after Chrysler canceled its dealership's sales contract, the news said late May 19 in Beijing. Lawyers for the John Woo international law Firm (Squire, Sanders Dempsey LLP) in New York today filed an application with the New York State US Bankruptcy court on behalf of some 300 Chrysler dealers from 45 states. Prior to that, Chrysler informed the ...

Regalbeloit will issue 3.75 million shares

Beijing time Tuesday Evening News, movement control and generation equipment manufacturer Regal Beloit Corp. said it had been determined to issue 3.75 million common shares at $36.25 a share, which was about 8% lower than its share price of 39.47 dollars in Monday.  After deducting fees, the company is expected to receive about 131 million dollars in net income from the release.  The company plans to use the proceeds to repay its debts and to fund its operations. The company also granted the underwriters additional subscription for up to 562,500 shares ...

BMO to raise Avon rating to be flat with the market

In the evening of May 19 Beijing time, an analyst at BMO Capital Markets announced that the cosmetics company's Avon (AVP) stock rating had been upgraded from "less than the market" to "flat with the market", citing the new signing of 1 million new sales representatives in the first quarter.  Connie Maneaty, an analyst at BMO, also said Avon should provide more details on the 300 million-to 400 million-dollar restructuring plan when it publishes its second-quarter earnings report, which is expected to Maniti the $200 million trillion cost of the Avon year by 2013. Nevertheless, ...

Daimler enters electric car market to buy Tesla part of stake

German carmaker Daimler AG (DAI) said in Tuesday that it had acquired nearly 10% per cent of Tesla Motors Inc., an electromagnetic-drive car manufacturer in California, to speed up its production of electromagnetic cars, the evening News of Beijing Time, May 19.  Two companies are now working together to create a new battery-driven sedan that will be based on a two-seater compact sedan offered by Daimler, with Tesla's lithium-ion battery module and charging device. Daimler has failed to penetrate ...

Housing data weak, dollar decline narrowed

"MarketWatch New York, May 19," Beijing time May 19 Evening News, after the U.S. Department of Commerce announced the April new housing opened a record low, Tuesday foreign exchange market early in the United States dollar against most major currencies declined. In its estimate, the Commerce Ministry said the number of new homes in the United States had fallen by 12.8% per cent in April, with an annualised figure of 458,000, well below the average of 519,000 previously expected by MarketWatch economists. April new housing construction figures for the Ministry of Commerce since the publication of the data since 1959 ...

Kennametal will sell steel drilling business

Beijing time Tuesday Evening News, metal cutting tools and road Equipment Manufacturers Kennametal Inc., said the high-speed steel drilling business will be sold to the top eastern Drill Co.  The company said it would receive 29 million of billions of dollars from the deal and would include a pre-tax loss of $30 million to $33 million, most of which would be credited to the fiscal quarter ending June 30.  The deal is expected to be completed by June. The sale includes 4 factories, located in Georgia's Evan ...

Introduction to Joseph Yam

Mr Yam joined the Hong Kong civil service in 1971 to serve as a statisticians.  Thereafter, Mr Ren was transferred to the Chief Secretary for Economic services to assist the Financial Secretary of Hong Kong in his work on the budget and economic analysis. He was appointed as Principal Assistant Secretary for Financial services of the Financial Services Branch in 1982 and has been actively involved in monetary and financial affairs in Hong Kong since this time.  Hong Kong has been implementing the linked exchange rate system since 1983 and Mr Ren has also been involved in the preparatory work. Mr Ren was appointed Deputy secretary for Financial services in 1985 and became the director of the Exchange Fund authority in 1991. From ...

Lehman asked to investigate Barclays

On the evening of May 19, Beijing time, lawyers for Lehman Brothers asked bankruptcy court judges to allow them to investigate Barclays PLC (BCS) in Britain.  The British bank scrambled to buy its securities department at the start of Lehman Brothers ' bankruptcy. In documents submitted to the court, Lehman said Barclays had not fully fulfilled its obligations and might have paid less than billions of dollars to Lehman Brothers.  Lehman asked for the right to investigate Barclays Capital. A Barclays spokesman said there was no comment on the matter. ...

PFG will issue 750 million dollar Premium bonds

Beijing time Tuesday Evening News, financial services provider Principal Financial Group INC (PFG), has made a total of 750 million U.S. dollars in the premium bonds to determine the issue price. The company said the proceeds from the release would be used to refinance existing bonds due on August 15.  Residual proceeds will be used for general business purposes. The company said the issue included 5-year bonds with a principal of $400 million, an annual coupon of 7.875%, and 10-year bonds with a principal of $350 million per annum of 8.8.

JP Morgan raise Sherwin-williams stock Rating

"MarketWatch New York May 19," Beijing time May 19 Evening News, JP Morgan Chase analyst Tuesday will paint manufacturers Sherwin-williams Co. (SHW) 's stock rating from "neutral" to "beyond the market performance",  and raised its share price target from $53 to $63.  JPMorgan Chase said the reason for the rise in Sherwin-williams's stock rating and share price targets was the improvement in North America's paint market and the good risk/return ratio of its shares. Beautiful East ...

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