Conservative Candidate Seeks Rematch In NY-23
Conservative activist Doug Hoffman announced Monday he will seek a rematch against the Democrat who defeated him in a special election in upstate New....
Japan Jan Machine Orders Ease 3.7% On Month
Core machinery orders in Japan were down a seasonally adjusted 3.7 percent in January compared to the previous month, the Cabinet Office said on Wednesday. That...
Philippines Exports Soar 42.5% In January
The National Statistics Office of Philippines said on Wednesday that exports from the country climbed 42.5% on a yearly basis in January, accelerating from the revised...
Australia Must Increase Housing Supply - RBA's Lowe
The outlook for the Australian economy is a positive one with growth over the next two years at, or above, average, but flexibility in both the economy and macroeconomic...
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 Settles Near $81.50, Awaits Inventory Data
The price of crude oil settled well off day's lows Tuesday, as the greenback gave back its early gains against the euro. Profit booking from a two-month high reached in the previous session and expectation of a further increase...
Dollar Stands Pat As Greek PM Calls Out Hedge Funds
The dollar firmed up against key European currencies on Tuesday, supported by renewed fears that the Greek debt crisis may spread to other vulnerable European states.
Greek officials visiting Washington downplayed their nation's...
Euro Wobbles As Greek PM Blames "Speculators"
The euro resumed its slump against the dollar on Tuesday as Greece Prime Minister George Papandreou met with U.S. President Barack Obama in Washington, making the case for increased regulation on the speculators betting Greece...
Abbott Laboratories said Tuesday that it has agreed to buy Facet Biotech Corp. for $27 per share in cash to further strengthen its biologics capabilities and pharmaceutical pipeline. The net value of the deal is about $450 million, which includes a purchase price of about $722 million less Facet's projected cash and marketable securities at closing of about $272 million.
InterMune Gets FDA Advisory Committee Nod For Lung Drug Esbriet
Tuesday, biotechnology company InterMune, Inc. said the U.S. Food and Drug Administration's Pulmonary-Allergy Drugs Advisory Committee voted 9-3, recommending the approval of Esbriet or pirfenidone to treat patients with idiopathic pulmonary fibrosis to reduce decline in lung function.
Navistar Q1 Profit Plunges, Shares Down
Truck maker Navistar International Corp. said Tuesday its profit for the first quarter plunged from last year, hurt by lower revenues and higher expenses. However, the company managed to post a profit amid tough economic conditions, due to improved commercial performance, higher market share and efforts to control costs over manufacturing expenses. Following the news, the company's shares lost nearly 8% in after-hours trading.
BREAKING NEWS
FAA Projects Slow Rebound In Air Travel - Update
3/9/2010 10:37:28 PM
The Federal Aviation Administration on Tuesday said that air travel will begin rebounding slowly in 2010 and predicted slow growth over the next two decades. In its annual forecast, the agency also projects....
Main Street Capital Q4 Loss Widens - Update
3/9/2010 8:53:47 PM
Specialty investment company Main Street Capital Corp. (MAIN) reported a net realized loss for the fourth quarter that widened from the year-ago period, hurt by a wider net realized loss from investments and a....
OMA February Terminal Passenger Traffic Decreases 12.5% - Quick Facts
3/9/2010 10:19:05 PM
Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (OMAB) reported that terminal passenger traffic at its 13 airports decreased 12.5% in February 2010, as compared...
Savvis Names Mark Smith New Managing Director For North Asia - Quick Facts
3/9/2010 10:14:03 PM
Savvis Inc. (SVVS) announced the appointment of Mark Smith as new managing director for North Asia, which includes Hong Kong, China, Taiwan, Korea and Japan.
The company said that Smith will be responsible...
Bruker To Acquire Certain Varian Product Lines - Quick Facts
3/9/2010 9:55:36 PM
Varian Inc. (VARI) announced that Bruker Corp. (BRKR) and Agilent Technologies Inc. (A) have entered into definitive asset purchase agreement. Pursuant to deal, Bruker will acquire certain product lines...
Risk Aversion Amid Lack of Direction May Drive Traders Away From Equities
The major U.S. index futures are pointing to a lower opening on Tuesday. For the second day in running, there isn’t much economic news to digest and therefore, traders are likely to be left with little clues to decide their course of action. That said, earnings from some major European as well as U.S.......
(complete analysis)
Profit Booking Takes TSX Down 45 Points
3/9/2010 5:07:19 PM
Canadian stocks deepened losses towards the closing bell Tuesday, as resource stocks leveled off for a second day.
Financial stocks too felt the heat even as Canada's third largest lender Scotiabank (BNS.TO) reported first-quarter earnings above estimates, rounding off a robust earnings season for......
TSX Partially Erase Losses; Tracks Commodity Prices
3/9/2010 2:45:22 PM
Toronto's main index cut losses in mid-afternoon trade Tuesday as commodity prices came off their lows, but remained in the red zone. Financial stocks struggled to get a firm foot-hold, in spite of an impressive earnings report from Scotiabank (BNS.TO).
The S&P/TSX Composite Index was down 12.64 points......
TSX Edges Down For A Second Session Amid Weak Commodity Prices
3/9/2010 11:15:21 AM
Bay Street stocks continued to linger below the center line in mid-morning deals Tuesday, with the heavily weighted financial and commodity stocks edging lower. Easing commodity prices and profit taking, as the main index gathered around 3% in the last week, dragged the index lower.
The S&P/TSX Composite......
Easyhome Q4 Profit Declines - Quick Facts
3/9/2010 10:39:31 PM
Easyhome Ltd. (EH.TO) reported fourth quarter net income C$1.4 million or C$0.14 per share, compared with C$1.8....
Xyratex upbeat on Q1 – Stocks To Watch
3/8/2010 8:59:12 AM
Xyratex Ltd.(XRTX), a provider of modular enterprise-class data storage solutions, boosted its first-quarter outlook, citing an improvement in demand in both its businesses and across...
Geron in the watch list – Stocks To Watch
3/4/2010 8:57:11 AM
Geron Corp. (GERN) highlighted a product launch by Corning Inc. (GLW) developed under a collaboration and license agreement between the two companies.
Corning is launching the Synthemax...
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...
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Brokerage Stocks Helping To Fuel Friday's Rally
3/5/2010 11:50:19 AM
While biotechnology stocks are turning in the market's best performances in late-morning trading on Friday, notable strength is also visible among brokerage stocks. The sector has jumped...
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Networking Stocks Headed Lower As Ciena's Results Disappoint
3/4/2010 11:44:33 AM
After moving higher for the most of the past month, networking stocks are giving back some ground during trading on Thursday. Disappointing earnings and guidance from Ciena Corp. (CIEN)...
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