European markets remained depressed Monday, as a sharp jump in the price of oil offset gains by the banking sector after the clampdown on short-selling of financial stocks widened across Europe, and miners soared on commodity price gains.
"Since that time, we have had approximately three million shares outstanding, and interest in our stock has widened, and the trading activity has increased substantially".
And those that might have started to invest again have been deterred by sliding stock prices, widening bond spreads and revelations about corporate scandal.
3Dlabs Inc., a maker of chips and software for three-dimensional computer images, agreed today to buy an unit of the Intergraph Corporation for $24.7 million in stock to widen its range of graphics products.
JPMorgan Chase and Goldman Sachs are expected to report another strong quarter, largely because trading profits have soared with the stock market, widening the performance gap with their peers and putting their bankers on track for big bonuses this year.
Stock losses widened in afternoon trading, as the market turned its gaze on Alcoa, which reports its latest results after the closing bell.
Fitch said AIGs financial flexibility and ability to raise holding company cash are extremely limited due to recent declines in the companys stock price, widening credit spreads, and difficult capital market conditions".
Fitch said AIG's financial flexibility and ability to raise holding company cash are "extremely limited due to recent declines in the company's stock price, widening credit spreads and difficult capital market conditions".
He encouraged a widened stock ownership base in the belief that, as more people bought the company's stock, more would buy its products.
But if that happens, the divergence between blue chips and other stocks could actually widen as investors seek a safe haven in familiar names.
