Downtown Scottsdale is the hottest place to see and be seen at night in the sprawling Phoenix metropolitan area as fans and celebrities pour onto the 786-acre stretch of bars, restaurants and nightclubs during this Super Bowl weekend.
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Citigroup has told more than 160,000 customers in the U.K. that they will not be able to use their card cards after the first week of March, according to media reports Saturday. The bank is canceling credit cards for customers it considers risky following a review of accounts at Egg Banking PLC, an Internet bank Citigroup purchased in May 2007, according to a report in The Wall Street Journal. The figure represents about 7% of the Egg unit’s credit card customers.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Investors will attempt to cement a nascent recovery in stocks next week, seeking help from earnings growth outside the battered financial sector and trying to gauge whether much lower interest rates will be enough to prevent the U.S. economy from sliding into recession.
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Sen. Barack Obama, D-Ill., may continue to trail Sen. Hillary Clinton, D-N.Y., for delegates, but following an important win in South Carolina last week, the former university professor might be pulling ahead in presidential campaign contributions after collecting a record $32 million in January.
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The Tadawul All-Share Index (Tasi) gained 3.4% last week, which closed at 9,675.02 points, but is currently 13.4% lower than the year’s start, reported Arab News. Newcomer Petro Rabigh was reported as most active by value selling shares worth SR32.53bn last week.
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Damac-owned Al Ahlia Insurance reported a net profit of Dhs32m for the year 2007 as against 2006 net profit of Dhs24m, registering a growth of 29%. Shareholders equity increased by 110%during 2007 while the investment fair value reserve increased by 528%.
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