Red Light Revolt!

NEW YORK (CHICAGOPRESSRELEASE.COM) – General Electric delivered a shot of confidence to U.S. investors when it raised its dividend on Friday, pushing the S&P 500 through the key 1,100 level. GE (GE.N) gained 3.3 percent in high volume after the U.S

LONDON/MADRID (CHICAGOPRESSRELEASE.COM) – Seven European banks are not strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), far less than expected, stoking fears the keenly-awaited stress tests were too soft. While the modest findings cast doubt on the credibility of the bank tests — released on Friday in a bid to restore investor confidence — with the European economy apparently improving fast, some analysts said that may not matter.

LONDON/MADRID (CHICAGOPRESSRELEASE.COM) – Seven European banks are not strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), far less than expected, stoking fears the keenly-awaited stress tests were too soft. While the modest findings cast doubt on the credibility of the bank tests — released on Friday in a bid to restore investor confidence — with the European economy apparently improving fast, some analysts said that may not matter. Five of Spain’s smaller regional lenders, known as cajas, failed the test and their recapitalization will almost complete a state-funded drive to consolidate the country’s network of its unlisted savings banks

NEW YORK (CHICAGOPRESSRELEASE.COM) – General Electric delivered a shot of confidence to U.S.

WASHINGTON (CHICAGOPRESSRELEASE.COM) – Morgan Stanley (MS.N), Citigroup (C.N) and JPMorgan Chase (JPM.N) were among banks that sold Goldman Sachs (GS.N) protection against the risk of a collapse of giant insurer American International Group (AIG.N), a source familiar with the matter said on Friday. Goldman Sachs has turned over a list of the counterparties, which also includes Deutsche Bank (DBKGn.DE) and Credit Suisse (CSGN.VX), to the Financial Crisis Inquiry Commission (FCIC) following a recent hearing exploring the links between Goldman and AIG, the source said.

BOSTON/NEW YORK (CHICAGOPRESSRELEASE.COM) – Manufacturers Honeywell International Inc (HON.N), Ingersoll-Rand Plc (IR.N) and Dover Corp (DOV.N) posted better-than-expected results on Friday, saying they were increasingly confident in the economic recovery. Honeywell, the world’s largest maker of cockpit electronics, boosted its profit forecast for the rest of 2010, saying it expected to see organic sales — excluding the effect of acquisitions and currency fluctuations — to accelerate through the second half. Ingersoll, which makes cooling systems for homes and businesses, also raised its full-year earnings view.

– Results published in July Issue of Annals of Rheumatic Diseases – NORTHBROOK, Ill., July 23 /CHICAGOPRESSRELEASE.COM/ – Horizon Pharma, Inc. announced today the results from the extended open label portion of The Circadian Administration of Prednisone in Rheumatoid Arthritis-1 (CAPRA-1) Phase 3 European registration study of LODOTRA®, a programmed release formulation of low-dose prednisone, which showed sustained improvement in reducing the duration of morning stiffness in patients with Rheumatoid Arthritis (RA) over a 12 month period

LONDON (CHICAGOPRESSRELEASE.COM) – Ten out of the 91 banks subjected to Europe’s stress tests are expected to fail, according to a survey of investors conducted by Goldman Sachs. In an effort to calm investors’ jitters over the potential impact of the euro zone debt crisis on Europe’s banking system, banking regulators are assessing how 91 banks across Europe would cope with another economic downturn, and the results are set to be published at 1600 GMT (12 noon EDT) on Friday. The Goldman Sachs poll of 376 respondents, including hedge funds and long-only investors, showed European banks were on average expected to raise 37.6 billion euros ($48.4 billion) in extra capital following the tests, Goldman said in a note dated July 22.

LONDON (CHICAGOPRESSRELEASE.COM) – Ten out of the 91 banks subjected to Europe’s stress tests are expected to fail, according to a survey of investors conducted by Goldman Sachs. In an effort to calm investors’ jitters over the potential impact of the euro zone debt crisis on Europe’s banking system, banking regulators are assessing how 91 banks across Europe would cope with another economic downturn, and the results are set to be published at 1600 GMT (12 noon EDT) on Friday. The Goldman Sachs poll of 376 respondents, including hedge funds and long-only investors, showed European banks were on average expected to raise 37.6 billion euros ($48.4 billion) in extra capital following the tests, Goldman said in a note dated July 22.

HONG KONG (CHICAGOPRESSRELEASE.COM) – Asian stocks rose on Friday as strong earnings from economic bellwethers such as Caterpillar tempered concerns about a global slowdown, while the euro steadied ahead of European bank stress test results later in the day. Results of the tests on 91 European lenders are eagerly awaited by markets whose skepticism about the sector has driven up funding costs and weighed on share prices since Greece’s debt crisis triggered fears that the euro zone could unravel. The euro jumped more than 1 percent against the dollar on Thursday to around $1.29 and European bank stocks rose across the board in a sign that investors are starting to hope the worst is behind the region’s financial industry