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Business Update: Relief for jobless
10 Mar 2010 at 7:08pm
The U.S. Senate approved an extension in jobless benefits until the end of the year.
New name tops Forbes rich list
10 Mar 2010 at 6:52pm
Mexican telecom mogul Carlos Slim Helu has edged Bill Gates out of the new top spot on the Forbes billionaire list.
NYSE Closing Bell Market Monitor: C, AIG
10 Mar 2010 at 5:02pm
03/10/10 The latest in news, commentary, and information on what's moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ "http://www.nyx.com/marketmonitor"
Ford Introduces India To The "Figo"
10 Mar 2010 at 5:00pm
03/10/10 The Ford Motor Company officially launched the "Figo" vehicle thisTuesday in India. It marks Ford's first ever made-for-India compact car.
Crude Rises On Hurricane Season Concerns
10 Mar 2010 at 4:50pm
03/10/10 Front month crude prices were on the upside this session on concerns over the severity of the upcoming hurricane season
OPEC Hikes Oil Demand Projections
10 Mar 2010 at 4:02pm
The Organization of Petroleum Exporting Countries released a report today projecting that world oil demand would rise to nearly 900,000 barrels per day this year. Thats 100,000 barrels more in demand than it projected in February.
Daily Dividend Report: OLP, HNZ, VGR, BKCC, SPLS
10 Mar 2010 at 3:58pm
After the bell yesterday, One Liberty Properties (OLP) declared its quarterly dividend of of thirty cents per share, an increase of about 36% over its prior dividend. Notable about this dividend is the company's decision to pay shareholders in cash instead of a combination of shares and cash that was so common in 2009.
Wednesday Midday Sector Laggards: Machine Tools, Gold Stocks
10 Mar 2010 at 3:28pm
In midday trading Wednesday, Machine Tools shares were relative laggards, down on the day by about 1.3%. Helping drag down the group were shares of Flow International (FLOW), down about 9.8% and shares of Exco Tech Limited (XTC.
Wednesday's ETF Movers: FBT, GDX
10 Mar 2010 at 3:22pm
In midday trading Wednesday, the First Trust Biotech ETF (FBT) is outperforming other ETFs, up about 3.3% on the day. Components of that ETF showing particular strength include shares of Intermune (ITMN), up about 64.4% and shares of Amylin Pharmaceuticals (AMLN), up about 4.9% on the day.
03/10 FX Options Report
10 Mar 2010 at 3:22pm
The USD and EUR advanced vs. the JPY, as risk appetite rose in mid-week trade.
Wednesday Midday Sector Leaders: Department Stores, Airlines
10 Mar 2010 at 3:18pm
In midday trading Wednesday, Department Stores shares were relative leaders, up on the day by about 2.6%. Leading the group were shares of Bon Ton Stores (BONT), up about 10.8% and shares of Cost Plus (CPWM) up about 7.9% on the day.
Downgrades: JCG, CVX, DOW
10 Mar 2010 at 2:52pm
This morning, Citigroup downgraded shares of J. Crew (JCG) from Buy to Hold as the stock has climbed more than twenty percent over the last month.
Loonie at par by summer: economists
10 Mar 2010 at 2:48pm
Rising interest rates will drive the Canadian loonie back up to parity with its U.S. counterpart by summer, say some economists
Today's Big Losers: ABVT, PSS, NAV, TRK
10 Mar 2010 at 2:28pm
AboveNet (ABVT) posted revenue in the fourth quarter of $94.3 million, an increase of $4.5 million, or 5%, compared to the fourth quarter of 2008. Operating income was $23.5 million compared to $25.3 million for the fourth quarter of 2008.
Congress to Extend Unemployment Benefits
10 Mar 2010 at 2:22pm
Despite soaring deficits, Congress is pushing through legislation to provide unemployment benefits for longer periods of time, despite protests from Conservatives. The proposed bill will increase the duration of unemployment benefits to 99 weeks in many states and this could add up to $130 billion to the deficit over the next 18 months.
Short-Selling Rumors Give Stocks a Boost
10 Mar 2010 at 2:18pm
Amid speculation that regulators could ban short-selling, shares of Citigroup (C), AIG (AIG), Fannie Mae (FNM) and Freddie Mac (FRE) all climbed higher this morning. With short interest high in these beaten down stocks, fear of a short-selling ban had investors trying to buy back shares to cover their positions.
Living wall is a breath of fresh air
10 Mar 2010 at 2:18pm
U.S. retailer Anthropologie's London store attracts customers with a 1,500 square foot indoor 'Living Wall'.
Terra Prefers Bid From CF Industries
10 Mar 2010 at 2:12pm
Terra Industries (TRA) announced this morning that it would prefer to be acquired by CF Industries (CF) rather than Yara as their bid is considerably higher. Last month, Yara announced a $4.1 billion buyout offer, but this was trumped by CF Industries earlier in the week with a $4.7 billion offer.
Market Movers: AIG, C, GR, CVX, JCG, NFLX
10 Mar 2010 at 1:58pm
03/10/10 The latest news and information on U.S. stocks that are moving the market.
Today's Big Gainers: AIG, ZNH, RF, ITMN
10 Mar 2010 at 1:58pm
American International Group (AIG) is seeing their shares up more than 10% today, gaining along with many other financials, including Citigroup (C) which is currently up more than 5.5%, and Regions Financial up nearly 9%. China Southern Airlines (ZNH) is gaining today after yesterday's announcement that they'd be doing an offering to repay debt.
Yen Falters On Rise In Chinese Exports
10 Mar 2010 at 1:12pm
03/10/10 The Japanese yen took a dive this session following data showing Chinese exports nearly tripled last month.
Business Update: Slow growth
10 Mar 2010 at 1:08pm
Economists predict the U.S. recovery will be slow enough to prevent interest rates from heading higher.
Tourism touted for Greek recovery
10 Mar 2010 at 12:48pm
Germany's largest tourism fair opens its doors as the industry expresses cautious optimism that travel-demand is recovering.
Upgrades: GPN, BUCY, HOT
10 Mar 2010 at 12:28pm
This morning, Susquehanna upgraded shares of Global Payments (GPN) to Positive as the firm sees credit recovering with the economy. Furthermore, the firm expects margins to improve with the release of the new G2 platform.
FDA Approvals: Allergan, Abbott
10 Mar 2010 at 12:08pm
The Food and Drug Administration said late yesterday that it has approved the use of Allergans (AGN) Botox to treat spasticity in elbow, wrist and finger muscles. Allergan will now be allowed to market Botox typically use to relax facial wrinkles for use in treating spastic muscles.
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