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By Svea Herbst-Bayliss BOSTON, May 15 (Reuters) - Billionaire investor John Paulson bet more heavily on mortgage insurers during the first quarter, which suggests that his hedge fund expects the housing recovery to grow stronger in the months ahead. Between January and the end of Marc
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Vodafone may cut 5,000 jobs and close 100 stores as part of the company's cost reduction programme, German website Manager Magazin reported Wednesday. The group is undergoing a massive restructuring to improve efficiencies and boost profits. In April it announced plans to outsource service staff
Read moreSTOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0905GMT 15May13 - Safaricom shares hit 5-year high after record profits ---------------------------------------------------------------------- Shares in Safaricom
Read more-------------- Note: Reuters has not verified the story and does not vouch for its accuracy.
Read moreMay 15 (Reuters) - GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange are 0.4 percent up and the MSCI-Asia Pacific index excluding Japan is 0.27 percent lower. * Asian shares were steady on Wednesday, with Tokyo stocks surging to a fresh 5-1/2 year high as Japanese exp
Read moreNEW YORK, May 14 (Reuters) - Verizon Communications Inc does not need more cash from its wireless venture with Vodafone Group Plc to support its own dividend payments, Verizon Chief Financial Officer Fran Shammo said on Tuesday. Shammo also said future dividends from Verizon Wireless would
Read moreBy Brenda Goh and Ritsuko Ando LONDON/HELSINKI, May 14 (Reuters) - Nokia unveiled a lighter, metal model in its Lumia smartphone range, as it tries to catch the eye of buyers to close the huge market lead of rivals Samsung and Apple Inc in the lucrative handset market. The Lumia 925
Read moreNEW YORK, May 14 (Reuters) - Verizon Wireless dividend payments may be lean going forward as the venture of Verizon Communications Inc and Vodafone Group Plc conserves cash to pay down debt and prepare for a spectrum auction, a top Verizon Communications executive said on Tuesday. Verizon
Read more(For more market insights, including options activity, click on STXNEWS/US; for The Day Ahead newsletter http://link.reuters.com/mex49s) May 14 (Reuters) - Some U.S. stocks to watch on Tuesday: FUTURES TICK LOWER AS INVESTORS LOOK FOR CATALYSTS U.S. stock index futures edged low
Read moreStrong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak. "The broader market malaise is
Read moreNomura has kept its 'neutral' rating and 195p target price for telecoms giant Vodafone after the announcement of a 2.1bn-pound dividend payment from its stake in Verizon Wireless (VZW). The broker said that Verizon's Chief Executive Officer Lowell McAdam has gone back on his comments last week in w
Read moreNomura has kept its 'neutral' rating and 195p target price for telecoms giant Vodafone after the announcement of a 2.1bn-pound dividend payment from its stake in Verizon Wireless (VZW). VZW, which has been at the centre of takeover rumours by Verizon for months, is paying a total of $7.0bn (£4.6bn)
Read moreStrong gains for Severn Trent and other utility providers helped offset weakness elsewhere on Tuesday morning as the FTSE 100 paused for breath following an eight-day winning streak. "European markets moved forward modestly today shunning a mixed trading session in Asian stock markets overnight as
Read moreCity sources predict the FTSE 100 will open up 17 points from yesterday's close of 6,632, boosted by better-than-expected US retail sales and the first positive reading on the UK RICS house price balance since June three years ago. On today's agenda are the following: the German consumer price ind
Read moreTelecoms giant Vodafone has announced that it is to receive over two billion pounds via a dividend from its stake in its US wireless joint venture with Verizon. Verizon Wireless (VZW), which has been at the centre of takeover rumours by Verizon for months, is paying a total of $7.0bn (£4.6bn) to sh
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