Thursday, 12 January 2012

Financial News

Sears – If the department store loses the faith of its suppliers, thing could get very ugly very fast.

Chevron – The second-largest US oil company warned that its earnings for the fourth quarter of last year would be “significantly” below the third quarter’s as a result of a slump in refining profits.

Fiat – Does the carmaker’s long-term future lie outside of Italy?

Indian airlines – The share price rally due to foreign direct investment looks overblown.

QBE – The Australian insurer’s near-perfect storm of catastrophe pay-outs isn’t a surprise. The share price plunge then says a lot about investor trust in its management.

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