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REPORTS
OFHEO's Lockhart Promotes Increased Regulatory Power
The Office of Federal Housing Enterprise Oversight's managing director James Lockhart discussed the lessons that housing GSEs Fannie Mae (FNM) and Freddie Mac (FRE) "must learn" from the current market turmoil, expressing his...
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Crude Oil Closes Above $126
Crude oil closed above the $126 a barrel mark on Friday and again added to its record levels. Light sweet crude closed at $126.29, up $2.17 on the day. Oil touched a record high of $127.82 in the early going before easing back...
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Dismal Consumer Confidence Reading Weighs On Dollar
The dollar hit the skids against other major currencies on Friday as the release of a report showing that US consumer sentiment dropped to its lowest since 1980 overshadowed a relatively encouraging reading on the housing situation.
The...
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BREAKING NEWS
Hovnanian prices $600 Mln of senior notes - Quick facts
5/16/2008 6:01:47 PM
Hovnanian Enterprises, Inc. (HOV) said Friday that it has priced $600.0 million aggregate principal amount of 11 1/2% senior secured notes due May 1, 2013 in a private placement.
The company said it plans to ....
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PVF Capital issues Letter to Stockholders
5/16/2008 5:34:48 PM
Friday, PVF Capital Corp. (PVFC) said that it remains committed to delivering maximum value to all its stockholders and also open to strategic alternatives that would enhance value for all stockholders, in ....
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American International Q1 loss widens on lower revenues
5/16/2008 5:12:48 PM
Friday, American International Industries, Inc. (AMIN), a diversified holding company, reported that its first-quarter loss widened, as its quarterly revenues declined over last year.
Net loss for the first ....
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QUICK FACTS
NASDAQ OMX April average daily value rises - Quick Facts
5/16/2008 6:25:53 PM
NASDAQ OMX Group Inc. (NDAQ) announced consolidated market performance statistics for its U.S. and Nordic exchanges for the month of April 2008.
The average daily value traded on NASDAQ OMX exchanges...
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Hovnanian prices $600 Mln of senior notes - Quick facts
5/16/2008 6:01:47 PM
Hovnanian Enterprises, Inc. (HOV) said Friday that it has priced $600.0 million aggregate principal amount of 11 1/2% senior secured notes due May 1, 2013 in a private placement.
The company said it...
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Positive Housing Report May Lead to Early Strength; Oil Prices in Focus
The major U.S. index futures are pointing to a higher opening on Friday. Markets may see an initial euphoria over an unexpected increase in housing starts for April. The sharp spike in the price of oil and gold may generate some buying interest in the resource space, while it could pressure oil-sensitive......
(complete analysis)
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CANADA
TSX Hits another record high just shy of 15,000 - Canadian Commentary
5/16/2008 4:45:07 PM
Bay Street finished up a record-smashing week on another high note Friday as surging oil prices fueled strong gains in the energy sector, while a weaker US dollar helped drive gold stocks deep into positive territory.
The S&P/TSX Composite Index extended its all-time high for a second session, jumping... ...
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Canadian Stocks Extend Record Highs -- Canadian Commentary
5/16/2008 10:31:00 AM
There's no stopping the Bay Street bulls these days, as historically high oil prices have helped energy stocks drive the S&P/TSX further into record territory Friday morning. With base metals and gold producers also leading the charge, Toronto's main index is up 140 points at 14,970, extending Thursday's... ...
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Ensco climbs to new high on contract update
5/16/2008 5:08:12 PM
Ensco International Inc. (ESV) climbed throughout Friday's trading after the company reported an update for the Offshore Rig Fleet contract.
The stock closed at $73.98 up $3.82 from......
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SHORT TERM
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XTO Energy Takes Back This Week's Losses
5/16/2008 3:35:23 PM
XTO Energy (XTO) has drifted higher throughout most of today's trading, rising steeply during the first half hour of the session. The stock took back losses posted earlier this week......
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LONG TERM
Excavating Bucyrus
5/14/2008 9:33:33 AM
For mining equipment maker Bucyrus, the resurrection from bankruptcy has been a second lease on life. The stock has increased eight-fold in the last 4 years, thanks to the bull run......
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MKT TREND
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Major Averages Staging Another Recovery Attempt
5/16/2008 2:32:55 PM
Stocks remain moderately lower in mid-afternoon trading on Friday after an independent report showed that consumer confidence fell to its lowest level in nearly 28 years. The troubling......
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