Insurance sector moves higher as China dismisses talk of bond sales LONDON (MarketWatch) — Shares in Prudential rose as much as 8% Thursday following reports that as many as 20% of the U.K. insurer’s shareholders are ready to oppose its $35.5 billion takeover of American International Group’s Asian business. The gains also came amid solid [...]
SAN FRANCISCO (MarketWatch) — Apple Inc said Tuesday that profit rose 90% in its fiscal second quarter as it sold almost 9 million iPhones, easily topping analyst estimates in both profit and sales amid a surge in demand in international markets. Shares of Apple /quotes/comstock/15*!aapl/quotes/nls/aapl (AAPL 257.46, +12.87, +5.26%) jumped more than 5% in after-hours [...]
BOSTON (MarketWatch) — Bank of America Corp. has gone outside its ranks to appoint a chief financial officer, just days ahead of the release of its first-quarter earnings report. B. of A. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 19.03, +0.36, +1.90%) on Wednesday named Charles Noski CFO effective May 11. Noski, 57, was CFO at telecom firm AT&T /quotes/comstock/13*!t/quotes/nls/t [...]
LONDON (MarketWatch) — Royal Dutch Shell on Tuesday outlined a future where the oil giant is swimming in cash, as it sees cash flow from operations climbing by over 80% in 2012 if oil prices stay at current levels.
SAN FRANCISCO (MarketWatch) — Technology stocks struggled for direction Tuesday, as the sector awaited what Cisco Systems Inc. claimed would be a “significant announcement” about its plans for the Internet.
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