Market Recap
DJIA -1.66%, Nasdaq -0.98% and S&P -2.36%
Nikkei -3.81%
WTI Crude Oil USD 43.90
Gold USD 952
USD/EUR 1.26
U.S. News
AIG could report USD 60bn Q4 loss, and will have access to new government USD 30bn help.
NY Times says Yahoo!’s efforts to sell advertising with newspapers has been a success.
Motorola sees improvement in mobile phone unit in Q2, CEO told the FT.
European News
HSBC will raise $17.7bn in rights offer. Profit slumps to $5.7bn
Vivendi reports FY08 revenues EUR 25.4bn, EBIT EUR 4.95bn, net profit EUR 2.74bn, dividend in line, co sees EBITDA growth and operating profit rising strongly in FY 09.
Ahold reports strong Q4 numbers with a net income EUR 285m but gives no forecast.
BNP and Fortis agreement is extended until March 6.
ENEL could announce soon a rights issue. (Press)
Bayer and Syngenta may be interested in a bid for Dow Chemical’s Agro science unit value at USD 10bn.
ACS exercised a 4.9% stake in Hochtief (now holding 29.98%)
UBS new CEO said it is impossible to know when UBS will return to profitability, market conditions are too volatile.
UBS said its Private Banking division expects margins to fall sharply and is planning to shed most of its structured-products business.
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