Stock Market Books

Wednesday, September 17, 2008

AIG gets $85B loan from US government

17/9 AIG averts financial collapse after accepting $85b loan from US govt, which will take up 79.9% stake, AIG senior manager, CEO to resign.

17/9 Wall Street was up 141.51 points to 11,059.02; Crude oil at US$91.15, eroded US $4.56 a barrel.

16/9 Bank Negara reinstates nod to Maybank to buy Bank Internasional Indonesia provided Bapepam agrees to sell-down rule.

16/9 Maybank says Bapepam informed of possible extension of timeframe for 20% refloat after buying Bank Internasional Indonesia.

16/9 SapuraCrest Petroleum second quarter net profit RM32.1m vs RM 11.2m a year ago, revenue RM 903m vs Rm 570.5m, boost from drilling, marine services. EPS 2.73c

16/9 Securities Commission rejects Kzen Solutions proposed acquisition of Izzinet for RM 150m waiver for MGO, share placement.

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