Daily Forex Analysis

SAN FRANCISCO (MarketWatch) — Anheuser-Busch Inc. said late Tuesday it will keep all 12 U.S. breweries open for the next five years under a tentative labor agreement reached with International Brotherhood of Teamsters. The agreement covers 5,000 full-time employees. Anheuser-Busch said the agreement will remain in place with the company’s planned acquisition by InBev […]

G10 Advancers and Decliners vs USD
SEK
1.24
NOK
0.89
CAD
-0.71
AUD
-2.13
The Usd returned some of yesterday’s gains after an active trading day across the G10. The EurUsd added 120 pips bringing the pair to the low range of 1.36, while the UsdJpy was mostly flat trading with a 101 handle. The GbpUsd rose a bit over 90 pips […]

SAN FRANCISCO (MarketWatch) — Fidelity Investments’s retail and institutional money market mutual funds will participate in the Temporary Guarantee Program offered by the Treasury Department, Fidelity said late Tuesday. “Even though it is highly unlikely that the insurance will be needed for any of our funds, we expect the program to reassure our investors that […]

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Tuesday lowered Legg Mason Inc.’s senior debt rating to A3 from A2 and indicated that there could be additional downgrades. The move was due to continued pressure on Legg Mason’s business profile and profitability resulting from its financial support of constant net asset value money market […]

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Tuesday lowered Legg Mason Inc.’s senior debt rating to A3 from A2 and indicated that there could be additional downgrades. The move was due to continued pressure on Legg Mason’s business profile and profitability resulting from its financial support of constant net asset value money market […]

SAN FRANCISCO (MarketWatch) — Brocade said late Tuesday it entered into a $1.225 billion secured credit facility to partly finance its buyout of Foundry Networks . In addition to the funds, Brocade expects to raise up to $400 million in additional financing and using cash on hand to fund the deal. The proposed buyout has […]

SAN FRANCISCO (MarketWatch) — Brocade said late Tuesday it entered into a $1.225 billion secured credit facility to partly finance its buyout of Foundry Networks . In addition to the funds, Brocade expects to raise up to $400 million in additional financing and using cash on hand to fund the deal. The proposed buyout has […]

SAN FRANCISCO (MarketWatch) — Aluminum giant Alcoa Inc. on Tuesday reported a third-quarter profit of $268 million, or 33 cents a share, down from $555 million, or 63 cents a share, a year ago when the company benefited from an asset sale. The most recent results include an after-tax charge of 4 cents a […]

SAN FRANCISCO (MarketWatch) — Aluminum giant Alcoa Inc. on Tuesday reported a third-quarter profit of $268 million, or 33 cents a share, down from $555 million, or 63 cents a share, a year ago when the company benefited from an asset sale. The most recent results include an after-tax charge of 4 cents a […]

SAN FRANCISCO (MarketWatch) — Fast-food operator Yum Brands Inc. late Tuesday reported its third-quarter profit rose 4.4% from a year ago. The company backed its 2008 profit outlook. Yum said it earned $282 million, or 58 cents a share, compared with a profit of $270 million, or 50 cents a share, in the year-earlier […]