Oakshire Financial
12-12-2011, 01:20 PM
The market has taken a downturn to start this week after leaders in Europe balked at taking decisive measures to alleviate their countries debt situations.* On Friday, all the countries in the Eurozone agreed to tighten their budgetary rules; today, Fitch Ratings and Moody’s lambasted the budget moves, saying that the debt crisis will extend to 2012 and the measures country’s have taken already aren’t extensive enough.
In company news:
 
Intel (NASDAQ:INTC)
The biggest news for the day comes from Intel.* The computer chip maker cut its revenue forecast by $1 billion for 2011.* The company cited a shortage of hard drives as the primary cause for the revenue slash.* Shares in the company are trading 4.41% lower at the time of writing.
 
General Electric (NYSE:GE)
Blue chip company GE is also down in trading so far today.* The giant announced last week that they were planning to increase their dividend payments to share holders, according to Zack’s.* The dividend payment will be increased by $0.02 per share, to $0.17.* The stock price for GE is down 2.91% so far today.
 
Bank of America (NYSE:BAC)
Once again, B of A stock has taken a hit toda.* The…
more at Oakshire Financial (http://feedproxy.google.com/~r/oakshire/~3/CtUEAeFCN88/)
In company news:
 
Intel (NASDAQ:INTC)
The biggest news for the day comes from Intel.* The computer chip maker cut its revenue forecast by $1 billion for 2011.* The company cited a shortage of hard drives as the primary cause for the revenue slash.* Shares in the company are trading 4.41% lower at the time of writing.
 
General Electric (NYSE:GE)
Blue chip company GE is also down in trading so far today.* The giant announced last week that they were planning to increase their dividend payments to share holders, according to Zack’s.* The dividend payment will be increased by $0.02 per share, to $0.17.* The stock price for GE is down 2.91% so far today.
 
Bank of America (NYSE:BAC)
Once again, B of A stock has taken a hit toda.* The…
more at Oakshire Financial (http://feedproxy.google.com/~r/oakshire/~3/CtUEAeFCN88/)