E.U. Ambassadors Leave Honduras
All European Union nations have withdrawn their ambassadors in Honduras following Sunday's military coup that ousted Honduran President Manuel Zelaya and....
Obama Calls On Senate For Environmental Action
President Barack Obama Thursday called on the Senate to swiftly enact a climate change and energy bill that passed the House last week.
Speaking in the....
IMF: Nascent Economic Recovery Underway In Zimbabwe
The International Monetary Fund on Thursday said a nascent economic recovery appears to be underway in Zimbabwe as a result of improvements in macroeconomic policies.
"A...
Eurozone Composite PMI Rises To 44.6 In June
Friday, reports said citing data released by the Markit Economics that the composite purchasing managers' index or PMI, a measure of private sector activities in...
Crude Oil Prices Plunge Below $67
Oil dropped to its lowest level in nearly a month on Thursday as a disappointing employment report sparked demand concerns. Crude finished in negative territory for a third straight session.
Light sweet crude oil for August...
Gold Drops As Dollar Rebounds
Gold finished lower on Thursday and surrendered most of its gains from the previous session. A disappointing employment report and stronger U.S. dollar dragged the precious metal into negative territory.
August gold ended...
Dollar Withstands Dismal Jobs Report Thursday
The dollar was mostly stable versus other majors Thursday, ceding ground only to the yen following the release of dismal employment numbers, which fueled fears that the economic outlook remains bleak.
Reflecting continued weakness...
With new labor department figures showing the unemployment rate creeping up to 9.5 percent, the White House said Thursday things are likely to get worse before it gets better.
Press Secretary Robert Gibbs said that although the President's economic stimulus and recovery package is working to slow the rate of job loss, unemployment was likely to hit 10 percent in the next few months.
British Airways June Traffic Falls 3.8%; Cuts Spending
Friday, British Airways plc (BAY, BAY.L,BABWF.PK, BAIRY.PK) posted a 3.8% fall in June traffic. Apart from the challenging economic conditions, June performance metrics reflected the impact of the rapidly spreading A(H1N1) flu. The airline slashed its projected capital spending for 2009 and 2010.
Weak Employment Data Contributes To Sell-Off On Wall Street
After plummeting early on in reaction to disappointing employment data, stocks lingered near their worst levels of the day throughout the trading session on Thursday. The major averages all posted steep losses ending the holiday-shortened week on a sour note. For the week the, Dow fell by 1.9 percent, the Nasdaq slipped 2.3 percent and the S&P 500 dropped by 2.4 percent. The week's downward move was largely due to today's retreat.
BREAKING NEWS
Alaska Governor Sarah Palin To Resign
7/3/2009 8:36:22 PM
Alaska governor Sarah Palin said Friday that she will resign on July 26 and not seek re-election. Her term of office was due to end in 2010.
Ms. Palin, 45, announced her decision at a hastily convened press....
DOJ Opens Antitrust Probe Against Google Book Deal
7/3/2009 8:48:11 AM
The U.S. Department of Justice has initiated investigation of an antitrust probe against Google Inc. (GOOG) in connection with its Book deal.
In a letter dated July 2, written to the U.S. district court....
India's Company Law Board To Recall Its Six Satyam Directors: Reports
7/3/2009 7:20:41 AM
India's Company Law Board, or CLB, on the government's request, will recall the six directors it had appointed to the board of Satyam Computer Services Ltd. (SAY), now called Mahindra Satyam, the Wall Street....
CEMEX Declares Strabag Withdrawal Notice Invalid - Quick Facts
7/3/2009 3:34:25 PM
CEMEX, S.A.B. de C.V. (CX) said on Friday that it received notice on July 1 from Strabag SE that it was withdrawing from the share purchase agreement signed between the companies on June 30, 2008. The...
Jobs Data May Not Bode Well for Recovery
The major U.S. index futures are pointing to a lower opening on Thursday, with the weakness intensifying following the release of the non-farm payroll employment report that showed bigger-than-expected job losses. The jobless rate only rose marginally. The weak data may exert pressure on oil, which does......
(complete analysis)
Bay Street Stocks Rise Slightly, Finish Week Lower - Canadian Commentary
7/3/2009 4:39:22 PM
Toronto stocks finished a light trading day slightly higher on Friday, snapping a two-session streak of declines. Mining stocks post a notable gain in an otherwise uneventful session.
The S&P/TSX Composite Index climbed 37.19 points or 0.36% to move 10,283.10. U.S. traders were off in observance......
Mining Stocks Lead TSX Mildly Higher - Canadian Commentary
7/3/2009 2:14:42 PM
Bay Street have moved slightly higher on Friday, paring some of the losses from the previous two sessions. A strong day in the mining sector has led the market to the upside.
The S&P/TSX Composite Index has added 25.27 points or 0.25% to move 10,271.18. Volume was light as U.S. traders are off for......
Toronto Stocks Move Slightly Higher Amid Light Trading - Canadian Commentary
7/3/2009 10:32:56 AM
Bay Street stocks are slightly higher on Friday, led by strength in the mining sector. Trading is lighter than normal with U.S. markets closed for Independence Day.
The S&P/TSX Composite Index has added 34.13 points or 0.33% to move 10,280.03. The main index had declined in each of the two previous......
STEC Inc. Has Broken Out To A New High
7/1/2009 10:20:15 AM
Shares of STEC Inc. (STEC) have been rising steadily since the open Wednesday. The stock is now up 1.83 at $25.02, with volume increasing in the last 10 minutes.
STEC Inc. has climbed......
SHORT TERM
Evergreen Solar Rises On Analyst Upgrade
7/2/2009 10:19:59 AM
Boosted by positive analyst comments, Evergreen Solar Inc. (ESLR) gapped open Thursday and has continued to rise steadily through the first 45 minutes of the session.
The stock...
Elan Higher On J&J Deal
7/2/2009 9:51:15 AM
Elan Corp. plc (ELN) gapped open higher on Thursday following news of a deal with Johnson & Johnson (JNJ). The stock has taken another leg up in the last few minutes, and is now up...
Sepracor Falls On Disappointing Drug Trial
7/2/2009 9:45:07 AM
Sepracor, Inc. (SEPR) gapped open sharply lower on Thursday and has continued to fall in the first few minutes of trading. The slide has come on strong volume.
The stock is now...
LONG TERM
MKT TREND
Oil Service Stocks Move Sharply Lower Along With Oil Prices
7/2/2009 11:14:14 AM
While most of the major sectors have moved lower over the course of morning trading on Thursday, substantial weakness has emerged among oil service stocks, which are moving sharply......
Gold Stocks Moving Higher Along With Price Of Precious Metal
7/1/2009 12:02:43 PM
Gold stocks have shown a notable upward move over the course of the trading session on Wednesday, contributing to the considerable strength in the broader markets. The gold sector is......
Airline Stocks Under Considerable Selling Pressure
6/30/2009 11:40:44 AM
After seeing some strength in the past few sessions, airline stocks have come under considerable selling pressure in morning trading on Tuesday, contributing to the substantial downturn......
Sacre-Coeur Minerals Technical Conference Call At 4:00 PM
Systemax Financial Results And Management's Outlook At 11:00 AM
MSCI Q2 09 Earnings Conference Call At 11:00 AM
MSC INDUSTRIAL DIRECT Q3 09 Earnings Conference Call At 11:00 AM
Acuity Brands Q3 09 Earnings Conference Call At 10:00 AM
.jpg)
.jpg)
