Obama Holds Rally In Support Of Health Care Reform
With the House poised to take a crucial vote on health reform legislation over the weekend, President Barack Obama Friday held a campaign-style rally hoping...
Obama To Host Mexican President For State Dinner
United States President Barack Obama will host the second state dinner of his presidency for his Mexican counterpart Felipe Calderon in recognition of their...
Indian Central Bank Raises Rates
The Reserve Bank of India announced Friday that it is raising its key policy rates by 25 basis points with immediate effect.
The central bank raised the repo...
Belgium's Consumer Confidence Improves In March
Belgium's consumer confidence improved in March after remaining stable for two months in a row, survey data released by the National Bank of Belgium showed Friday....
German Govt: IMF Aid For Greece Not Ruled Out
Germany said Friday that it has not ruled out financial assistance for Greece from the International Monetary Fund.
"We have not ruled out financial aid from...
Dollar Gains On Euro, Slides Versus Loonie As Canadian Inflation Picks Up
The dollar was mixed Friday morning, losing ground versus the loonie while strengthening against the euro and sterling.
Inflation concerns in Canada may force policy makers to hie rates north of the border, keeping the dollar...
Leading Indicators Index Rises For Eleventh Consecutive Month
Thursday morning, the Conference Board released its report on leading economic indicators in the month of February, showing that its leading economic indicators index increased slightly, marking the eleventh consecutive month...
Philadelphia-Area Manufacturing Shows Continued Signs Of Growth
Manufacturing activity in the mid-Atlantic region is continuing to show signs of growth in the month of March, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the index of activity...
Stocks closed lower by moderate margins on a quadruple witching Friday, as some profit taking along with overseas inflation and credit concerns prompted a pullback. The major averages all closed in negative territory, moving off of the more than one-year highs reached this week. Despite the pullback, the major averages all saw gains on the week, with the Dow and the S&P 500 advancing by 1.1 percent and 0.9 percent, respectively, while the Nasdaq edged up by 0.3 percent.
Obama Holds Rally In Support Of Health Care Reform
With the House poised to take a crucial vote on health reform legislation over the weekend, President Barack Obama Friday held a campaign-style rally hoping to show wavering lawmakers the popularity of the proposal.
Obama, speaking to an estimated 8,500 people, more than half of whom were students, at George Mason University in northern Virginia, said that the long debate about health care reform was about more than just the cost of health care or reforming insurance practices.
AARP, AMA Call For Passage Of Health Care Reform Bill
As Democrats enter the final stretch of efforts to enact a health reform bill, the measure picked up two crucial endorsements Friday, with the American Association of Retired Persons and the American Medical Association both offering their support.
The endorsements come in advance of a crucial House vote Sunday to advance the Senate health care bill along with a package of technical fixes to remove some of the bill's more controversial provisions.
BREAKING NEWS
U.S. Banks' Q4 Trading Revenue Down 66% Sequentially
3/20/2010 2:21:54 AM
The Office of the Comptroller of the Currency or OCC said that U.S. commercial banks reported trading revenues of $1.9 billion in the fourth quarter, sharply down 66% from $5.7 billion in the third quarter.....
Regulators Close Seven Banks; Failure Toll Rises To 37 In 2010
3/20/2010 12:56:13 AM
Regulators closed seven banks on Friday, bringing the bank failure toll to 37 in 2010. The Federal Deposit Insurance Corporation was named the receiver for all those failed banks, which include American....
Nortel Closes Optical Networking & Carrier Ethernet Business Sale - Update
3/19/2010 8:33:52 PM
Friday, Nortel Networks Corp. (NRTLQ.PK) said that its principal operating subsidiary Nortel Networks Ltd, and certain of its other subsidiaries including Nortel Networks Inc. and Nortel Networks UK Ltd. have....
Cytokinetics In Phase IIa Clinical Trial For ALS Drug- Update
3/19/2010 7:30:23 PM
Friday, Cytokinetics, Inc. (CYTK) revealed opening of a Phase IIa "Evidence of Effect" clinical trial of CK-2017357 for patients with amyotrophic lateral sclerosis, the central nervous system disorder. ....
Citigroup Plans Expansion Of Mortgage Business: Reports
3/19/2010 6:50:37 PM
Friday, according to media reports, financial services company Citigroup Inc. (C) is all set to increase the purchase of mortgages underwritten by other firms and retain more loans on its balance sheet as it....
QUICK FACTS
Interpublic Group Ex-CEO John Dooner Sells $3.4 Mln Worth Shares
3/20/2010 3:14:34 AM
Interpublic Group of Companies, Inc. (IPG)'s Chairman, Chief Executive Officer and President of McCann WG, John Dooner has sold 400,000 shares in the company at $8.5129 per share for approximately $3.4...
Allianz, Corio Reportedly In Talks To Acquire Italy's Biggest Mall
3/19/2010 11:34:31 PM
Allianz SE (AZ, AZSEY.PK) and Corio NV (CRIO) are in talks to purchase half of the Porta di Roma mall, Italy's largest shopping center, from 4 investors for around EUR 430 million or $582 million, according...
DayStar Tech Q4 Net Loss Narrows - Quick Facts
3/19/2010 8:14:12 PM
DayStar Technologies Inc. (DSTI) reported a net loss of $4.6 million or $0.14 per share for the fourth quarter, compared to a net loss of $7.8 million or $0.23 per share in the prior year quarter.
The...
Choppy Trading Likely Amid Lack Of Data, Quadruple Witching
The major U.S. index futures are pointing to a roughly flat open on Friday, with a lack of first-tier economic data likely to contribute to a lack of direction for the markets early on in the quadruple witching session. While some traders may look to cash in on some of the market's recent strength ahead......
(complete analysis)
TSX Closes Below 12K As Commodity Stocks Slump
3/19/2010 5:20:54 PM
Fall in commodity prices hurt energy and resource stocks, pulling Toronto's main index down for the second session. The growing likelihood of an early rate hike by the central bank also spread caution in the market, following the release of stronger inflation data.
The S&P/TSX Composite Index ended......
TSX Heads For Weekly Loss
3/19/2010 2:24:03 PM
The Canadian market looks set to end the week on a lower note, as selling continued in energy and metal stocks for a second day. The greenback extended the previous session's sharp gains versus the euro, resulting in a slump in commodity prices.
Data showing a stronger-than-expected rise in core......
TSX Dips Below 12,000 Amid Inflation Data
3/19/2010 12:12:54 PM
Bay Street stocks were lingering in the red in mid-morning deals Friday as a firm dollar put pressure on oil and gold prices. Meanwhile, today's inflation data came in higher-than-expected, raising speculation that Bank of Canada might hike rates sooner-than-expected. Also strong retail sales numbers......
Major European Averages In The Green
The major European averages are hovering in positive territory, after a profit forecast from U.K.'s Lloyds Banking....
China Recycling Energy in the watch list – Stocks To Watch
3/18/2010 8:53:59 AM
China Recycling Energy Corp. (CREG.OB), an industrial waste-to-energy solution provider in China, swung to an annual profit in 2009, on 130% growth in revenues, and issued upbeat forecast...
Vaalco Energy Pumped Up - Stocks To Watch
3/17/2010 8:57:27 AM
Independent energy company Vaalco Energy Inc. (EGY) returned to profit in the fourth quarter - its second quarterly profit in a row, thanks to high crude prices that boosted revenues...
CyberDefender in the watch list - Stocks To watch
3/16/2010 8:39:22 AM
CyberDefender Corp. (CYDE.OB), a provider of internet security technology for the consumer market, significantly narrowed its net loss for the fourth quarter, as revenues grew more...
LONG TERM
MKT TREND
Computer Hardware Stocks Led Lower By Palm
3/19/2010 11:23:48 AM
Computer hardware stocks are moving notably lower during trading on Friday, with Smartphone maker Palm Inc.'s (PALM) disappointing quarterly results generating selling pressure.
The...
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Health Insurance Stocks Posting Notable Gains In Late-Morning Trading
3/18/2010 11:35:41 AM
Health insurance stocks are some of the market's strongest performers in late-morning trading on Thursday, extending this month's steady upward move.
The strength among health insurance...
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Oil Stocks Extending Gains Along With Price Of Crude
3/17/2010 11:37:37 AM
Oil stocks are seeing considerable strength during trading on Wednesday, contributing to the upward move by the broader markets. The gains by oil stocks come as oil inventories rose...
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