“That’s the primary reason I’ve been less enthusiastic about Continental”

The skies around Continental Airlines just got bluer. On Tuesday, the airline operator reported traffic and revenue gains for June that beat expectations and sent shares skyrocketing. via Forbes.com

Original post by Forbes.com

“As these big companies get taken away, obviously people have to move to other areas, right? And you can see, financials haven’t done well but utilities are doing better”

“New York, certainly to us, is the most relevant market because a lot of Canadian money managers, when they think of investing internationally, still think of the U.S. That’s the bulk of their overseas … via The Globe and Mail

Original post by The Globe and Mail

Carlyle Capital Corporation Ltd. began trade on Amsterdam’s stock exchange at $20 per share Wednesday, after a trimmed initial public offering that raised $303.5 million for the affiliate of Carlyle Group. via Money

Original post by Money

“It puts us all of us into unfamiliar territory.”

NEW YORK: In another sign that troubles in the mortgage market are spreading, a prominent hedge fund that specializes in bonds backed by home loans has suspended redemption requests by investors. via International Herald Tribune

Original post by International Herald Tribune

European stocks advanced for a second day, led by hotel companies after Hilton Hotels Corp. via Bloomberg Business News

Original post by Bloomberg Business News

“You have got a possibility of more M&A activity with Kraft-Danone, and European shares are up. That’s fueling the market in this shortened trading session in a shortened week”

Wall Street was set to start a shortened session higher on Tuesday, boosted by the latest merger and acquisition news and before data on the manufacturing and housing sectors. via Earth Times

Original post by Earth Times