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ECONOMICS

Fed's Evans Predicts "Sluggish" GDP Growth In Second Half Of 2008
GDP growth will likely not return to its normal pace until 2009, a top Fed Official said Monday. Though conditions are expected to improve in the second half of...
India's Mar IIP Falls On Slow Growth From All Sectors
Monday, the Central Statistical Organization of the Ministry of Statistics and Programme Implementation released India's Index of Industrial Production for the month...
China’s April Inflation +8.5% on Year
Dragged higher by the soaring cost of food, consumer prices in China increased by 8.5 percent on year in April, the National Bureau of Statistics said in a statement...

REPORTS

Fed's Evans Predicts "Sluggish" GDP Growth In Second Half Of 2008
GDP growth will likely not return to its normal pace until 2009, a top Fed Official said Monday. Though conditions are expected to improve in the second half of 2008, economic activity will still run "at a relatively sluggish...
Dollar mixed versus majors Monday morning
The dollar was mixed against other majors Monday morning in New York, giving back its overnight gains against the euro and sterling. Monday will be a relatively light day on the economic calendar, but activity on the economic...
US stocks look to rebound Monday morning
US stocks were poised for a modest recovery Monday morning after suffering steep losses in the previous. Oil prices have eased a bit from record levels, giving investors an opportunity to do some bargain hunting. As of 6 am...

POLITICS

Former HP Chairwoman Fiorina Seen As Possible McCain VP
While presumptive Republican presidential nominee John McCain has said that his vice presidential search is still in its nascent stages, a number of ....
Pakistan Muslim League-Nawaz to pull out of the national government
Pakistan's three months old government looks to be in trouble after Pakistan Muslim League-Nawaz, one of the main parties in the coalition, has announced ....
Hezbollah to call back gunmen from Beirut
Hezbollah has agreed to withdraw gunmen from Beirut, Lebanon. Hezbollah has seized most of western Beirut since last week. Lebanese army was able to settle ....



TOP STORIES

Former HP Chairwoman Fiorina Seen As Possible McCain VP

While presumptive Republican presidential nominee John McCain has said that his vice presidential search is still in its nascent stages, a number of possible choices are being discussed in the media, including some big names from the corporate world.

Research In Motion Announces BlackBerry Bold Smartphone
Research In Motion Ltd. (RIMM, RIM.TO) stock is enjoying a surge Monday on the heels of the announced launch of its BlackBerry Bold smartphone, called the BlackBerry Bold. The stock...
Fed's Evans Predicts "Sluggish" GDP Growth In Second Half Of 2008
GDP growth will likely not return to its normal pace until 2009, a top Fed Official said Monday. Though conditions are expected to improve in the second half of 2008, economic activity...

BREAKING NEWS

EV Energy Partners Q1 Loss Widens On Expenses
5/12/2008 12:19:08 PM Developer of oil and gas properties EV Energy Partners LP (EVEP) on Monday announced first quarter financial results, reporting a wider loss mainly on higher loss on mark-to-market derivates, even as revenues ....
Gerdau AmeriSteel Q1 earnings rise on higher shipments, margin; declares dividend
5/12/2008 12:11:43 PM Monday, Gerdau AmeriSteel Corp. (GNA), a mini-mill steel producer, reported an increase in its first-quarter earnings, helped by higher shipments and margin. Further, the company declared a quarterly dividend ....
Compass Diversified Holdings slips to loss in Q1
5/12/2008 12:03:32 PM Compass Diversified Holdings (CODI) on Monday reported a net loss for the first quarter, hurt by higher expenses. The company posted a net loss of $795 thousand or $0.03 per share, compared to net income ....
TransCanada signs MOU on Pathfinder Pipeline project - Update
5/12/2008 11:36:14 AM The Calgary, Canada-based TransCanada Corp. (TRP, TRP.TO), a provider of energy infrastructure, announced on Monday that it signed a Memorandum of Understanding regarding the proposed Pathfinder Pipeline ....
Calpine Q1 loss narrows; revenue up 17% - Update
5/12/2008 11:29:35 AM Power company Calpine Corp. (CPN) reported net loss for the first quarter that narrowed from a year ago, aided by a 17% growth in revenue. The increase in revenue for the latest quarter was due to an 18% ....

QUICK FACTS

Connecticut Water Service Q1 profit rises - Quick Facts
5/12/2008 12:24:06 PM Connecticut Water Service Inc. (CTWS) posted first quarter net income applicable to common shareholders of $1.7 million or $0.20 per share, compared to $1.5 million or $0.18 per share in the prior year...
SouthWest Water slip to loss in Q1
5/12/2008 12:16:08 PM SouthWest Water Co. (SWWC) reported first quarter net loss applicable to common holders of $607thousand or $0.02 per share, compared to net income of $608 thousand or $0.03 per share in the previous year...
Comtex News Network turns to profit in Q3
5/12/2008 11:57:46 AM Comtex News Network Inc. (CMTX.OB) posted third quarter net income of $244 thousand or $0.02 per share, compared to a net loss of $181 thousand or $0.01 per share in the last year quarter. Revenues...
Alseres Pharma Reports 12 Month Interim Results from Phase I/IIa Cethrin Clinical Trial - quick facts
5/12/2008 11:54:05 AM Alseres Pharmaceuticals Inc. (ALSE) reported 12-month interim data from its Phase I/IIa clinical trial of Cethrin, a proprietary recombinant protein that is being investigated for its potential to restore...
ArQule Q1 Loss narrows; backs FY08 guidance - Quick Facts
5/12/2008 11:31:34 AM ArQule, Inc. (ARQL) on Monday announced financial results for the first quarter, posting a net loss of $13.91 million or $0.32 per share, narrower than a net loss of $14.50 million or $0.40 per share in...


MORNING BRIEF

Bargain Hunting May Lift Markets as Oil Prices Recoil
The major U.S. index futures are pointing to a higher opening on Monday. Stocks remain on track for a rebound after sharp declines at the end of last week. On the corporate front, the tidings are mixed, with FedEx (FDX) warning on the pretext of higher oil prices, while HSBC Holdings (HBC) said .... (complete analysis)

U.S

Stocks Seeing Additional Buying Interest In Late Morning Trading - U.S. Commentary
Bargain hunters are buying up stocks in late-morning trading, as the price of oil takes a break from its record ....
First Trust Advisors Comments Ahead of Treasury Department Federal Budget
Brian Wesbury and Robert Stein from First Trust Advisors commented Monday that later today the Treasury Department ....
Stocks Seeing Modest Gains In Morning Trading - U.S. Commentary
Stocks are posting modest gains in morning trading on Monday after showing considerable declines last week. While ....

CANADA

Led By RIMM and EnCana, TSX Surges to New Record Highs -- Canadian Commentary
5/12/2008 11:49:49 AM Canadian stocks raced higher Monday morning in Toronto, erasing Friday's losses on the way to a new record intraday high for the S&P/TSX Composite Index. Energy stocks have surged higher despite slightly lower oil prices, while the tech sector is getting a big boost from the release of Research in...
TSX hugging unchanged line Monday morning; RIM debuts Bold i-Phone
5/12/2008 10:15:28 AM Canadian stocks are little changed in early dealing Monday morning, with weakness among metals stocks offsetting gains in the energy and tech sectors. The S&P/TSX Composite Index is up 17 points at 14,538.12, inching back towards Thursday's 6-month closing high. Stocks rose sharply at the opening...
Bay Street Looks To Get Back On The Winning Track Monday Morning - Canadian Commentary
5/12/2008 7:38:51 AM Canadian stocks will look to snap back from losses in the previous session Monday morning in Toronto. Early signals are mixed, with the price of oil easing from record highs amid news of a major shakeup for energy giant EnCana (ECA.TO). The S&P/TSX Composite Index tumbled 86.80 points to 14,521.19...

EUROPE

European Shares to Move Sideways as Trading Week Starts Quietly - European Commentary
Futures are indicating a flat opening for the major European indices as the trading week begins a bit slowly in the ....
European markets fall on credit concern, oil surge – European commentary
The European markets fell on Friday on renewed concern about the ongoing credit crisis after American International ....

ASIA-PACIFIC

Asian markets close higher as Japan rebounds
Stock markets across the Asia-Pacific region closed higher after the Japanese market rebounded as the dollar gained ....
China stocks rebound in late trade
Shanghai shares closed higher on Monday, but off the day's highs after a strong earthquake hit the southwest of the ....


Compton Petroleum Q1 profit falls
5/12/2008 10:35:49 AM Monday, Calgary, Canada - based oil and gas production company Compton Petroleum Corp. (CMZ, CMT.TO) announced a ....
EnCana to split into separate gas, oil companies - Update
5/12/2008 1:54:01 AM Canada-based oil and natural gas company EnCana Corp. (ECA) said Sunday that its board of directors has approved a ....
Prosys Q3 sales Fall – Quick Facts
5/9/2008 5:57:39 PM Prosys-Tech Corp. (POZ.V) Friday reported net sales of C$9 million for third quarter, compared to C$18 million in ....

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PMI Group Q1 2008 Earnings Conference Call At 12:00 PM
Building Materials Holding Q1 2008 Earnings Conference Call At 12:00 PM
Standard-Pacific Q1 2008 Earnings Conference Call At 11:00 AM
Valspar Q2 2008 Earnings Conference Call At 11:00 AM
VENOCO Q1 2008 Earnings Conference Call At 11:00 AM
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