US Senate Approves Jobless Aid Bill
The U.S. Senate on Wednesday approved a $149 billion spending bill that would extend jobless benefits and tax breaks to citizens besides helping States pay...
TARP Watchdog Questions GMAC Bailout
The Treasury Department missed opportunities to increase accountability and better protect taxpayers' money in its $17.2 billion bailout of GMAC, a....
ECONOMICS
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....
Brazil Q4 GDP Grows
Brazil's gross domestic product or GDP increased 4.3% on an annual basis in the fourth quarter, compared to the 1.2% drop in the previous quarter, the statistical...
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.
First-Time Jobless Claims Show Modest Decrease, Continuing Claims Rise
While the Labor Department released a report Thursday morning showing a modest decrease in first-time claims for unemployment benefits in the week ended March 6th, the report also showed an increase in continuing claims.
The...
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...
Oil Closes Above $82 On Inventories, Demand Outlook
Oil prices ended at a two-month high Wednesday, finding support in a smaller-than-expected build in US crude inventories and an upward revision of global oil demand forecast by the Organization of the Petroleum Exporting Countries....
While the Labor Department released a report Thursday morning showing a modest decrease in first-time claims for unemployment benefits in the week ended March 6th, the report also showed an increase in continuing claims.
The report showed that initial jobless claims edged down to 462,000 from the previous week's revised figure of 468,000. Economists had expected jobless claims to slip to 460,000 from the 469,000 originally reported for the previous week.
TARP Watchdog Questions GMAC Bailout
The Treasury Department missed opportunities to increase accountability and better protect taxpayers' money in its $17.2 billion bailout of GMAC, a congressional oversight panel reported...
Phillips-Van Heusen Affirms Q4, FY09, FY10 Outlook
Branded shirts, sportswear, and footwear retailer Phillips-Van Heusen Corp. Thursday confirmed its fourth quarter, fiscal 2009 and fiscal 2010 earnings and revenue outlook, provided on February 17. The company's non-GAAP earnings estimates for the fourth quarter and fiscal 2009 are in line with analysts' expectations.
BREAKING NEWS
Metalico Q4 Loss Narrows - Update
3/11/2010 1:24:41 PM
Thursday, Metalico Inc. (MEA) reported that its fourth-quarter net loss narrowed from the previous year quarter in the absence of significant amount of impairment charges that impacted year ago results.
The....
Arch Coal Buys 35% Equity Interest In Tenaska's Trailblazer Project - Update
3/11/2010 12:47:55 PM
Arch Coal, Inc. (ACI), Thursday said it has acquired a 35% equity interest in the Trailblazer Energy Center, which is being developed by Tenaska, Inc. near Sweetwater, Texas, as part of its ongoing strategy of....
CBOE Holdings Files IPO Of $300 Mln - Update
3/11/2010 12:38:48 PM
Options exchange CBOE Holdings, Inc., c/o Chicago Board Options Exchange, Inc., Thursday filed its plan to raise upto $300 million in initial public offering of unrestricted common stock, par value $0.01 per....
UTStarcom Q4 Loss Narrows - Quick Facts
3/11/2010 1:25:17 PM
UTStarcom Inc. (UTSI) reported that its fourth-quarter net loss attributable to company narrowed to $39.39 million or $0.31 per share from $80.95 million or $0.65 per share last year.
Net sales decreased...
EDiets.com Q4 Loss Narrows - Quick Facts
3/11/2010 1:09:42 PM
eDiets.com, Inc. (DIET) posted fourth quarter net loss of $3.3 million or $0.12 per share, compared to a net loss of $8.4 million or $0.33 per share in the last year quarter.
Revenues for the quarter...
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)
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.......
TSX May Open Lower As Commodities Ease
3/11/2010 9:26:38 AM
Canadian stocks may struggle to move higher Thursday morning on lack of positive triggers to support the main index surpass the calendar year high. Commodity prices were off from their recent highs after China reported a bigger than expected jump in inflation in February, while worries over the Greece......
TSX Closes Higher After Two Losing Sessions
3/10/2010 5:03:35 PM
Toronto's main index managed moderate gains Wednesday, even as gold stocks fell for a third day tracking the price of the commodity. The energy and base metal shares led the advancers.
Chinese trade data released early in the day revealed a strong growth in imports, which provided an upward thrust......
TSX Biding Time In Afternoon Trade
3/11/2010 12:49:28 PM
Toronto's main index was little changed in afternoon trading, as traders digested a slew of economic data from....
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
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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