Peregrine bankruptcy roils Hong Kong markets and global stocks
Hong Kong’s Peregrine Investment Holdings filed for bankruptcy triggering a market selloff as Hang Seng slumped about 9 percent and European indices fell while U.S. markets recovered from earlier losses. Traders sought havens as yields on gilts and Treasuries dropped amid regional crisis fears.
MENTIONED IN THIS ARTICLE
Peregrine Investment Holdings
Hong Kong
Europe
Dow
Peregrine
Asia
Hang Seng
Mark Mobius
Templeton
South Korea
Indonesia
International Monetary Fund
Sudradjad Djiwandono
London
Hsbc Holdings
Standard Chartered
Cable & Wireless
James Montier
NatWest Markets
U.S
Germany
Venezuela
Hans Tietmeyer
Bundesbank
Basel
Korea
Dow recovers after early slide in volatile trading
Dow Jones rose 66.76 to 7647.18 as bargain buyers snapped up shares after a sharp morning dip below 7300. Broad market gains followed a Southeast Asia selloff with tech names leading the rebound. Merck, Procter & Gamble, GE and Nasdaq components posted gains while decliners slightly outnumbered advancers.
MENTIONED IN THIS ARTICLE
Southeast Asia
Hong Kong
Technology
Consid
Ered
Asia
Intel
Dow
Merck
Procter & Gamble
General Electric
Dell Computer
Microsoft
Bob Morris Partners With Kia Motors in North Ridgeville
Lorain County car dealer Bob Morris announces Kia Motors becomes his first Midwest Kia dealership in North Ridgeville joining his Cleveland site. Kia, founded in 1944, aims for affordable, well made vehicles with early models like the Aspire. Morris cites market appeal and sub $19,000 sport utility price as strengths while contrasting with Yugo failures.
MENTIONED IN THIS ARTICLE
North Ridgeville
Bob Morris
Pontiac
Lorain County
Kia Motors Corp
Ford
Kia
U.S
Midwest
Korea
Morris
Yugoslavia
Cleveland
Early Active Stocks In New York Markets
The market report highlights the most active stocks in New York with brief mentions of leading movers and notable volumes. It references traders and sector names in a rapid scan of price action and notable listings, noting several tickers and intraday movements.
MENTIONED IN THIS ARTICLE
New York
Wyse
Local Stocks Rise Amid Mixed Market Signals
A compact market brief notes fluctuating stock activity with percentages including 40 39 18 28 and 27a among listed figures. Mentions BF Goodrich and related ticker fragments alongside a string of numeric codes suggesting trading levels and indices.
FedEx to acquire Caliber in $2.4 billion trucking deal
FedEx wins shareholder approval to buy Caliber System Inc. parent of RPS Inc., creating holding company FDX Corp. The deal combines FedEx express services with Caliber trucking, yielding 170,000 employees and about $15 billion in annual revenue. Caliber shareholders get 0.8 shares of FDX per Caliber share. FedEx holders receive 1 for 1. Caliber ceases as an entity. leadership shifts to new FDX board and executives.
MENTIONED IN THIS ARTICLE
Memphis, Tenn
Federal Express
United Parcel Service
Caliber System Inc
RPS Inc
FedEx
Caliber
Memphis
FDX Corp
FDX
Akron
Ohio
Bill Margaritis
Margaritis
Teams
UPS
RPS of
Pittsburgh
RPS
Also Mentioned on This Page
China
Ricky Harrington
Interstate
New York Stock Exchange
NYSE
The
Standard & Poor
Kia Motors
Dane’ Trager
the Chronicle-Telegram
BRUCE
Sid al Lo Ee
Reeh Martyn
Atehs
Howler Hedep S
Tveslke agSated
Indate
Iems
Ian Ignegat
John
Mae Fi Kowa
Wow
Baha
Seth
Msn
Torker
Lew
Abe
Ag Woaills
Abe Keron
Alon Investment Securites
Aegon USA Secures, Inc
NASD
SIPC
Allied Corporation
Allies
American Greetings
Bob Evans
Centenor Energy
Chrysler CoBancorp Inc
Columbia Gas
CVS
Com
Emerson
Electrc
Englehart
First Energy FirstMent
Bancorp
Ford Motor
General Motors
Geon
Hills Dept
Invacare Corp
Keycorp
Lear Seatng
LNB Bancorp
Lesco Inc
Limited
Mid-Am. Inc
P.N.C. Com
Parker Hannfin
RPM Inc
Royal Appliance
Sherwin Willams
Smuckers/SUMA
Stens
Sunnse Medical
TRW
Usx
Ao York Internaional Newena Pen Archive
Trucking Group
Frederick W. Smith
Ted Weise
Daniel J. Sullivan
Viking Freight Inc
San Jose
Calif
Roberts Express Inc
Caliber Logistics Inc
Hudson, Ohio
Caliber Technology Inc
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