Archive for July, 2009

MetLife Makes Easiest Billion Dollars? on Rate Bet

July 31 — MetLife Inc. Chief Financial Officer William Wheeler , whose hedges against market slides contributed to a second-quarter loss, said he previously helped the biggest U.S. life insurer make $1.5 billion betting on interest rates. (2 hours ago)

Fed’s Bear Stearns, Aig Assets Rise, Paring Losses

July 30 — The Federal Reserve raised its estimated value of investment portfolios acquired in the rescues of Bear Stearns Cos. and American International Group Inc., paring potential taxpayer losses. (9 mins to go)

New Zealand Leaves Key Rate Unchanged a Second Month

July 30 — New Zealand’s central bank kept its benchmark interest rate unchanged for a second month and said it may cut borrowing costs further as a rising currency threatens a recovery from the worst recession in three decades. (15 mins to go)

Lower oil price takes more than half out of BP’s profits

Lower oil prices cut BP’s profis in half in the second quarter, but the oil giant is anticipating an extra $1bn in cost savings as costs in its supply chain tumble. (16 mins to go)

Valley retail market sinks in second quarter

Eroding consumer confidence and rising unemployment drove valleywide retail vacancies up to 9.8 percent in the second quarter, a 3.5-percentage point increase from a year ago, reports Voit Commercial Real Estate Services. (4 mins to go)

Hungary’s Central Bank to Cut Key Interest Rate, Survey Shows

July 27 — Hungary’s central bank probably will cut the benchmark interest rate for the first time in six months today as a stronger forint eases concern over financial stability and an economic recession keeps inflation in check. (13 mins ago)

California Pension Fund Hopes Riskier Bets Will Restore Its Health

LESLIE WAYNE The new investment chief of California’s biggest pension fund thinks he can help it recover from losing almost a quarter of its portfolio last year. (6 hours ago)

Corporate debt markets rally to best levels in a year

Corporate credit in the US and Europe rally to levels last seen more than a year ago as company earnings beat estimates at a record pace. (9 mins ago)

S.T.A.L.K.E.R.: Shadow of Chernobyl – Walkthrough

S.T.A.L.K.E.R.: Shadow of Chernobyl Stalker Shadow Of Chernobyl (13 mins to go)

Axtel Reports 2q09 Results

SAN PEDRO GARZA GARCIA, Mexico, July 22 /PRNewswire-FirstCall/ — Axtel, S.A.B. de C.V. (4 mins ago)