Obama Pushes Foreign Trade To Create Jobs
President Barack Obama Thursday set the federal government on course to aggressively promote foreign export opportunities for American businesses.
Speaking...
House Republicans Adopt Unilateral Ban On Earmarks
In an effort to signal their commitment to cutting federal spending, House Republicans announced Thursday that they have adopted a unilateral moratorium on...
Harry Reid's Wife, Daughter Injured In Car Crash
The wife and daughter of U.S. Senate Majority Leader Harry Reid (D-Nev.) were injured Thursday in a four-car crash on Interstate 95.
Sixty-nine-year-old....
Obama Announces Peace Prize Charity Donations
President Barack Obama announced Thursday that he plans to spread the money that accompanies his Nobel Peace Prize among 10 different charities.
Obama,....
Japan Industrial Output Due On Friday
Japan is scheduled to release final January numbers for industrial production on Friday, headlining a light day for Asian economic activity.
Analysts are expecting...
Brazil Jan. Retail Sales Increase More Than Expected
Thursday, Brazil's statistical office IBGE announced that the retail sales rose 2.7% month-on-month in December, compared to the 0.7% fall in the previous month....
Reviving Health ReformWashington Democrats sought to reinvigorate stalled discussions on how to reform the nation’s health insurance system with President Barack Obama hosting a full day summit between House and Senate leaders from both parties.
Oil Stuck Near $82 Amid Demand Concerns
Oil prices ended flat Thursday amid uncertainty over demand outlook, as traders were caught in a trade-off between Chinese policy-tightening fears and OPEC's upward revision of oil demand growth forecast. Positive trade data from...
Dollar Stays On Pause Versus Euro
The dollar was unable to sustain any direction Thursday as traders continued to be confronted by mixed clues about the condition of the global economy.
After a solid February that saw the dollar hit 9-month highs against...
Dollar Uncertain Ahead Of Jobless Claims
The dollar struggled for direction versus other majors Thursday morning as traders looked ahead to the latest round of data on the US jobs market.
While February's monthly jobs report was relatively encouraging, many economists...
Chipmaker National Semiconductor Corp. said Thursday after the markets closed that its third quarter profit more than doubled from last year, helped by higher sales and improved gross margins. The company's quarterly earnings per share came in above analysts' expectations as did its quarterly sales. At the same time, the company forecast fourth quarter sales above analysts' current consensus estimate.
Aeropostale Q4 Profit Rises 42%, Tops Estimate
Teen apparel discount retailer Aeropostale Inc. said Thursday its profit for the fourth quarter increased 42% over last year, driven by strong customer reaction to its spring merchandise assortment, which resulted in higher sales and improved margins. Quarterly earnings came in well ahead of the analysts' expectations, as did sales. Looking ahead, the company provided earnings outlook for the first quarter, which is expected to beat the Street consensus.
Pfizer Terminates Phase 3 Trial Of Figitumumab In Non-Small Cell Lung Cancer
pharma giant Pfizer Inc. announced the termination of a Phase 3 clinical trial examining the effects of investigational compound figitumumab with erlotinib as a second/third-line treatment in patients with non-small cell lung cancer, as the study failed to show any significant results of the desired end point. In addition, the company said its two Phase 3 studies of Sutent in advanced breast cancer also did not meet their primary endpoints.
BREAKING NEWS
Provident Energy Trust Q4 Loss Narrows - Update
3/11/2010 10:26:21 PM
Canada-based Provident Energy Trust (PVX, PVE_UN.TO) on Thursday reported a net loss for the fourth quarter that narrowed from the year-ago period, which included a hefty goodwill impairment charge in the....
Potash Corp. Raises Earnings Outlook For Q1 - Update
3/11/2010 8:09:06 PM
Fertilizer giant Potash Corp. of Saskatchewan Inc. (POT, POT.TO) Thursday raised its earnings guidance for the first quarter of the fiscal 2010, based on increasing demand for potash and higher margins in....
Smith & Wesson Holding Q3 Profit Flat - Update
3/11/2010 7:34:35 PM
Thursday, Smith & Wesson Holding Corp. (SWHC), posted a third quarter profit that was flat from last year quarter. The company also provided fiscal 2009 fourth quarter revenue guidance that came below analysts'....
QUICK FACTS
AVEO Pharmaceuticals Prices IPO Of 9 Mln Shares At $9/Share
3/11/2010 10:54:47 PM
AVEO Pharmaceuticals, Inc., a biopharmaceutical company focused on discovering, developing and commercializing cancer therapeutics, announced the pricing of its initial public offering of 9 million common...
TransCanada Receives National Energy Board Approval For Keystone Expansion
3/11/2010 10:39:29 PM
TransCanada Corp. (TRP, TRP.TO) announced the receipt of approval from National Energy Board for its application to construct and operate the Canadian portion of the Keystone Gulf Coast Expansion Project.
TransCanada...
OTS Terminates Enforcement Action Against First Marblehead
3/11/2010 9:38:45 PM
First Marblehead Corp. (FMD) announced that, effective March 10, 2010, the Office of Thrift Supervision or OTS has terminated the enforcement action against the company.
In connection with this termination,...
Provident Energy Trust Q4 Loss Narrows - Quick Facts
3/11/2010 8:29:58 PM
Provident Energy Trust (PVE_UN.TO, PVX) reported a fourth quarter net loss of C$20.34 million or C$0.08 per unit, compared to a loss of C$43.25 million or C$0.17 per unit in the same period last year.
Quarterly...
Chinese Inflation Data and Friday’s Retail Sales Data May Keep Traders on Sidelines
The major U.S. index futures are pointing to a lower opening on Thursday, with sentiment reflecting caution after China reported inflation data that came in above expectations. However, domestically, there has been encouraging news, with the Labor Department reporting a decline in jobless claims in the......
(complete analysis)
TSX At New Closing High For 2010
3/11/2010 5:05:37 PM
Bay Street ended a lackluster day with modest gains, at the highest closing level so far in 2010.
The specter of further tightening measures by China offset any optimism generated by encouraging trade figures from Canada and the US.
The S&P/TSX Composite Index ended higher 18.64 points or 0.16%......
TSX Stuck In A Narrow Range, Gold Stocks Up
3/11/2010 1:50:53 PM
Toronto's main index was little changed in afternoon trading, as traders digested a slew of economic data from Canada, the US and China.
Traders were cautious amid worries that China may resort to more tightening measures, including interest rate hikes, to slow down economic growth in the context......
Bay Street Struggles For Direction Thursday Morning Amid Mixed Data
3/11/2010 11:14:25 AM
Canadian stocks were hovering near the unchanged line in mid-morning deals Thursday amid mixed economic data and easing commodity prices.
Commodities moved lower after China reported a bigger-than-expected jump in inflation in February, raising speculation for a quicker monetary tightening there.......
Asian Markets Mostly Subdued
Asian stock markets are mostly subdued on Friday with investors treading cautiously due to lack of prominent....
South Korean Market Pares Early Gains
After trading notably higher early on, the South Korean stock market has shed most of its gains on Friday with....
Keeping an eye on OccuLogix – Stocks to watch
3/11/2010 8:57:09 AM
OccuLogix, Inc. doing business as TearLab Corp. (TEAR) said its TearLab Osmolarity System will be installed in eight U.S. refractive surgery centers of eye care services company...
Orchid Cellmark in the watchlist – stocks to watch
3/11/2010 8:50:10 AM
Orchid Cellmark Inc. (ORCH), an international provider of identity DNA testing services, returned to profit in the fourth quarter, after three consecutive quarterly losses, citing...
Harbin Electric in the watch list – Stocks To Watch
3/10/2010 9:01:11 AM
China-based electric motors manufacturer Harbin Electric, Inc. (HRBN) posted stellar results for the fourth quarter and full year, thanks to an acquisition, as well as increased sales...
LONG TERM
Connecting To Digi International
3/2/2010 12:47:31 PM
Having turned in a good performance in the latest quarter with year-over-year and sequential increases in revenue and profitability, Digi International Inc. (DGII), which is emerging...
...
MKT TREND
Railroad Stocks Advancing Following Upbeat Earnings View From CSX
3/11/2010 11:55:56 AM
Railroad stocks are extending a recent upward move on Thursday, posting notable gains despite today's lackluster outing in the broader markets. The advance in the sector comes as traders...
...
Banking Stocks Advance Amid M&A Rumors
3/10/2010 11:50:20 AM
Banking stocks have helped to lead the markets higher on Wednesday, with prospective merger and acquisition activity sparking buying interest in the sector.
The strength in the banking...
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