Credit Suisse analyst cuts PetSmart to Neutral, cites declining margins and softening salesAugust 20th, 2009 Ahead of the Bell: PetSmart downgradedNEW YORK — Falling margins and weakening sales prompted a Credit Suisse analyst to downgrade PetSmart Inc. to "Neutral" from "Outperform" on Thursday.
Pimco hires Marc Seidner as executive vice president and portfolio managerAugust 14th, 2009 Pimco hires new portfolio managerNEWPORT BEACH, Calif. — Pacific Investment Management Co.
Credit Suisse says new AIG chief Benmosche stepping down from bank's board after 7 yearsAugust 10th, 2009 New AIG chief leaves Credit Suisse boardZURICH —Robert Benmosche, who starts this week as the new president and CEO of American International Group Inc., has stepped down from Credit Suisse Group's board with immediate effect, the Swiss bank said Monday. The former chairman and chief executive of insurance company MetLife Inc.
Perrigo falls after analyst cuts rating to 'Neutral,' as shares are up 50 percent from lowsJuly 28th, 2009 Perrigo slips following Credit Suisse downgradeNEW YORK — Perrigo Co. shares dipped Tuesday after a Credit Suisse analyst downgraded the drugmaker's shares to "Neutral" from "Outperform."
Perrigo stock set an annual low of $18.54 on March 2, and as of Monday's closing price, is up 52.6 percent since that time.
Swiss bank Credit Suisse reports 29 percent rise in 2Q net profit to $1.41 billionJuly 23rd, 2009 Credit Suisse reports $1.41 billion 2ndQ profitZURICH — Swiss bank Credit Suisse Group has reported a 29 percent rise in second-quarter net profit to 1.57 billion francs ($1.41 billion). The bank says the results include one-time charges, legal costs and tax benefits.
Huntsman announces $1.7 billion legal settlement, ending dispute with banks over buyoutJune 23rd, 2009 Huntsman announces legal settlement with banksTHE WOODLANDS, Texas — Chemicals maker Huntsman Corp. says it has reached a $1.7 billion settlement with two banks over its accusation they schemed to scuttle a $6.5 billion buyout of the chemicals maker last year.
Connecticut court rules that Credit Suisse CEO Dougan is trying to renege on divorce dealMay 14th, 2009 Conn. court rules against Credit Suisse CEOHARTFORD, Conn. — The chief executive of Swiss banking giant Credit Suisse is haggling with his ex-wife over nearly $1 million she says he owes her for being 12 days late with a divorce-related payment in 2006.
Bankruptcy judge says Swiss bank's bid for posh Mont. club must include $42M in debt paymentMay 13th, 2009 To buy Mont. club, Swiss bank must repay $42M debtHELENA, Mont.
Federal bankruptcy judge says Credit Suisse loan to Yellowstone Club was predatoryMay 12th, 2009 Judge says loan to Yellowstone Club was predatoryHELENA, Mont. — A federal bankruptcy judge has ruled that a $375 million loan made by Credit Suisse to a Montana resort for the ultrarich was predatory and should be subordinated to other debts.
Financial giant Credit Suisse defends its $375M loan to Montana's fancy Yellowstone ClubMay 9th, 2009 Credit Suisse defends $375M loan to Montana resortMISSOULA, Mont. — Financial giant Credit Suisse is defending its $375 million loan to a now-bankrupt Montana resort for the rich, saying it was a legitimate transaction that reflected standard lending practices at the time.
Swiss banking giant Credit Suisse reports 1st quarter net profit of $1.72 billionApril 23rd, 2009 Credit Suisse reports 1Q net profit of 2B francsZURICH — Swiss banking giant Credit Suisse on Thursday reported a first-quarter net profit of 2 billion Swiss francs ($1.72 billion), following a turnaround in its investment bank, which had previously been hit hard by the credit crunch. The figure was better than analysts' expectations for a net profit of up to 1 billion francs and compared with a net loss of 2.15 billion francs in the same quarter last year.
Credit Suisse reports 1st quarter net profit of 2 billion Swiss francsApril 23rd, 2009 Credit Suisse reports Q1 net profit of 2B francsZURICH — Swiss banking giant Credit Suisse on Thursday reported a first-quarter net profit of 2 billion Swiss francs ($1.72 billion), following a turnaround in its investment bank, which had previously been hit hard by the credit crunch. The figure was better than analysts' expectations for a net profit of up to 1 billion francs and compared with a net loss of 2.15 billion francs in the same quarter last year.
Credit Suisse reports $1.71 bn profit in first quarterApril 23rd, 2009 GENEVA - Banking giant Credit Suisse Group reported Thursday a net profit of 2 billion Swiss francs ($1.71 billion) in the first quarter of 2009, in part owing to a recovery of its trading unit. Last year's first quarter saw the bank lose 2.15 billion francs.
Shakeups at top of Credit Suisse, Swiss ReMarch 10th, 2009 ZURICH - Credit Suisse and Swiss Re, both hit hard by the financial crisis, announced changes at the top of the companies Monday. Peter Forstmoser, the chairman of Swiss Re, the re-insurer, announced in a statement that he would resign from the board and be replaced by Walter B.
Goldman Sachs infuses Rs.3.7 bn into Indian subsidiaryFebruary 9th, 2009 MUMBAI - Taking a cue from Credit Suisse and Morgan Stanley, banking and investment services firm Goldman Sachs has infused Rs.3.7 billion (Rs.370 crore/$76 million) into its Indian subsidiary Pratham Investments and Trading Pvt Ltd, it was announced Tuesday. Earlier this month, Morgan Stanley had invested an additional Rs.1 billion into its Indian retail stock broking and portfolio management services firm Morgan Stanley India Financial Services (MSIFS).
Loading ...