Abhey Lamba, managing director at International Strategy & Investment Group, talks about the sales outlook for Research in Motion Ltd.’s PlayBook tablet. RIM, maker of the BlackBerry smartphone, fell as much as 13 percent in late trading yesterday after forecasting first-quarter revenue and profit that missed analysts’ estimates. Lamba speaks with Erik Schatzker on Bloomberg [...]
Antonio Garcia Pascual, chief southern European economist at Barclays Capital, talks about stress tests for European banks. A Committee of European Banking Supervisors spokeswoman said yesterday the CEBS had taken no decision on whether to publish any information on the stress tests before the disclosure of the results later this month. Garcia Pascual speaks with [...]
(Reuters) – Treasury Secretary Timothy Geithner said Friday he believed the Senate was “very close” to a financial reform bill that protects consumers and limits financial company risk taking that will win Republican supporters.
April 16 (Bloomberg) — American International Group Inc. is close to selling its U.S. auto insurance business to Zurich Financial Services AG for about $2 billion, the company’s biggest divestiture since being rescued by the government, said three people familiar with the situation. An agreement to sell New York-based AIG’s 21st Century Insurance unit may [...]
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