NYSE Reviews Early-Morning Trades
Heavy computer-based trading caused several different unrelated shares to be halted and disrupt normal activity.
Enel Green Power Profit Drops as 2011 Gains Not Repeated
Enel Green Power SpA (EGPW.MI), one of the world's biggest renewable energy companies, said Wednesday first-half net profit fell a less-than-expected 26% on the year, as special gains in 2011 weren't repeated.
Ally Financial Reports 2nd-Quarter Loss on $1.2 Billion ResCap Charge
Ally Financial Inc. swung to an $898 million second-quarter loss as the government-controlled auto lender recorded a massive charge from the May bankruptcy of its money-losing mortgage subsidiary, Residential Capital.
Peregrine Financial Trustee Seeks Subpoena for 10 Banks -Filing
The trustee overseeing Peregrine Financial Group Inc. wants to subpoena financial records from 10 banks involved with the collapsed U.S. brokerage.
S Africa Platinum Sector Participants Meet To Consider Way Around Layoffs
Platinum sector participants in South Africa met Wednesday and promised to look for ways around laying off workers amid weakening demand and lower prices for the metal, which have been hit particularly hard by economic problems in Europe.
Italy PM Sees ESM Banking License In Due Course
Italian Prime Minister Mario Monti said Wednesday that he expects the European Union's permanent bailout fund to be granted a banking license "in due course," defying staunch opposition from the German central bank and government.
U.S. Construction Spending Rises 0.4% in June
Spending on construction projects rose for the third straight month in June based on the strength of private residential builders, another encouraging sign in a series of positive marks on the long struggling housing market.
Polypore International, True Religion Apparel Among Stocks Gapping Down Wednesday
These are stocks that gapped down today and had opening prices significantly lower than the close on the previous trading day: Polypore International (NYSE:PPO) opened at $32.88, gapping down from its previous close of $37.16.
BBVA Starts Studying Proposals to Sell Some LatAm Assets -Report
Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) has started studying several proposals for the sale of its Latin American pension-fund manager assets, El Mercurio newspaper reported Wednesday.
Allergan Climbs 6% On Solid Earnings Report
Allergan Inc. shares rose 6% to $86.73 in early trading Wednesday after the Botox and medical-device maker issued a strong second-quarter earnings report.