EU Nearing Deal On Greece Bail-out: Reports
The European Union is working on reaching an agreement on a bail-out deal for Greece, media reports said Saturday. Euro leaders are set to meet in Brussels on Monday...
Core-Mark Holding Q4 Profit Rises - Update
Core-Mark Holding Company, Inc.(CORE) reported that its fourth-quarter profit increased from the previous year quarter.
Core-Mark, a distributor of packaged...
Business Inventories Come In Unchanged In January
Business inventories were essentially unchanged in the month of January, according to a report released by the Commerce Department on Friday, with modest decreases...
Dollar Eases To Euro, Near Parity Versus Loonie
The dollar slumped badly on Friday amid growing speculation that Europe can avoid the sovereign debt crisis that had earlier cast doubt sustainability of a continental currency.
A mixed batch of data on the US consumer kept...
Euro Rallies Versus Dollar On Talk Of Greek Bailout
The euro continued its comeback versus "safe haven currencies" on Friday, touching a monthly high versus the dollar amid renewed faith that the Greek debt crisis can be contained.
Sovereign debt issues in Greece and other vulnerable...
Business Inventories Come In Unchanged In January
Business inventories were essentially unchanged in the month of January, according to a report released by the Commerce Department on Friday, with modest decreases in wholesale and retail inventories offsetting a modest increase...
Stocks closed the week on a mixed note Friday, as upbeat February retail sales data failed to rouse the markets in the wake of a disappointing reading on consumer attitudes. The major averages struggled to find direction on the day, ending on opposite sides of the unchanged line. Despite a series of lackluster sessions this week, the major averages were able to see weekly gains. The Dow and the S&P 500 advanced by 0.6 percent and 1 percent, respectively, while the tech-heavy Nasdaq gained 1.8 pe
Pelosi Kills Public Option Despite Senate's Willingness To Fight For It
During her weekly press briefing Friday, House Speaker Nancy Pelosi, D-Calif., revealed that the public option will not be a part of health care reform legislation.
"We had it, we wanted it ... it's not in the reconciliation," Pelosi said. "It isn't in there because [the Senate doesn't] have the votes to have it in there."
The decision comes despite the fact that a spokesperson for Senator Dick Durbin, D-Ill., made comments Friday indicating that the public option could be revived.
President Obama Delays Trip to Indonesia and Australia
According to a Twitter post from White House Press Secretary Robert Gibbs, President Barack Obama is delaying his upcoming trip to Indonesia and Australia from March 18 to March 21.
"The President will delay leaving for Indonesia and Australia - will now leave Sunday - the First Lady and the girls will not be on the trip," Gibbs posted.
BREAKING NEWS
FDA Adds Boxed Warning To Plavix For Reduced Effectiveness In Non-responders
3/13/2010 1:31:02 AM
The Food and Drug Administration added a boxed warning to blood thinner drug Plavix on Friday, alerting patients and health care professionals to the drug's potential for reduced effectiveness in people who....
Suicide Bomb Blast Kills Seven In Pakistan
3/13/2010 1:15:46 AM
Suicide bomb attack in north-western Pakistan on Saturday killed at least seven people. More than 16 people were injured and several vehicles damaged by the explosion. The latest incident comes a day after ....
Chilean President Estimates Earthquake Damages At US$30 Bln
3/12/2010 11:25:15 PM
Newly elected Chilean President Sebastian Pinera, while announcing budget readjustment, said Friday that the earthquake has caused a damage of at least US$30 billion. The earthquake that shattered the country....
Stanley Works Closes Black & Decker Merger - Update
3/12/2010 7:16:46 PM
Friday, power tool maker The Stanley Works (SWK) said that it completed the merger with Black & Decker Corp. (BDK), with the combined company to be known as Stanley Black & Decker. The new entity will trade on....
Disney Reportedly To Close ImageMovers Digital Studio - Quick Facts
3/13/2010 8:55:03 AM
Walt Disney Co. (DIS) plans to shut down ImageMovers Digital facility in Marin County, north of San Francisco, according to media reports. The closure of the facility will be completed by January and result...
Google '99.9%' Certain To Shut Its Search Engine In China:FT - Quick Facts
3/13/2010 6:56:02 AM
Google Inc. (GOOG) is now "99.9 percent" sure to shut its search engine in China, as talks over censorship with the Chinese authorities have reached an apparent impasse, the Financial Times reported on...
Strong Growth Data May Keep Buying Momentum Alive
The major U.S. index futures are pointing to a higher opening on Friday, with the futures getting a lift from relief over the fact that China has not resorted to further monetary policy tightening and the unexpected increase in U.S. retail sales. Commodities are also trading higher in reaction to the......
(complete analysis)
TSX Closes Above 12,000 At The Highest Level Since 2008
3/12/2010 5:03:23 PM
Late buying in materials, financials and consumer discretionaries helped Toronto's main index close moderately higher Friday, at a new closing high for the calendar year.
The S&P/TSX Composite Index ended higher 34.12 points or 0.28% to 12013.82, closing above 12000 for the first time since September......
TSX Near The Neutral Line In Afternoon Trade
3/12/2010 1:27:10 PM
The Canadian market gave back initial gains and slipped into the red in afternoon trading, as resource stocks slumped along with commodity prices. IT, telecom and healthcare sectors too witnessed some sell-off as traders adjusted positions ahead of the weekend.
The S&P/TSX Composite Index was down......
TSX Hovers Above 12,000 On Encouraging Jobs Data
3/12/2010 11:31:58 AM
Bay Street stocks moved higher for a third day in mid-morning deals Friday, on encouraging jobs data and after Potash Corp hiked its earnings outlook. Moreover, better-than-expected retail sales numbers from the U.S., the country's biggest trading partner, and a surge in euro zone industrial production......
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...
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MKT TREND
Healthcare Provider Stocks Pulling Back Off Highs
3/12/2010 11:34:56 AM
Despite the general lack of conviction being shown on Wall Street, healthcare provider stocks are pulling back by substantial margins on Friday.
The losses by healthcare provider...
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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...
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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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