Harry Reid's Wife, Daughter Injured In Car Crash
The wife and daughter of U.S. Senate Majority Leader Harry Reid (D-Nev.) were injured Thursday in a four-car crash on Interstate 95.
Sixty-nine-year-old....
Obama Announces Peace Prize Charity Donations
President Barack Obama announced Thursday that he plans to spread the money that accompanies his Nobel Peace Prize among 10 different charities.
Obama,....
Consumer Sentiment Index Unexpectedly Slips To 72.5
While retail sales data released earlier in the day suggested that consumers continue to spend, Reuters and the University of Michigan released a separate report...
Poland Jan. Current Account Deficit Narrows
Poland's current account deficit narrowed to US$710 million in January from US$1.03 billion in the previous month, the National Bank of Poland said on Friday.
The...
ECB's Nowotny: Economic Crisis Over, Growth Still Weak
The worst of the economic crisis is over but overall growth is still weak, European Central Bank Governing Council member Ewald Nowotny told Austrian newspaper Die...
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.
Retail Sales Show Unexpected Growth In February Despite Snowstorms
Retail sales unexpectedly showed a modest increase in the month of February, according to a report released by the Commerce Department on Friday, with the unexpected growth partly due to a jump in sales by electronics and appliance...
Canadian Unemployment Rate Edges Lower To 8.2%
Canada's unemployment rate edged lower in February as the nation's economy created nearly 21,000 jobs, fueling expectations that policy makers in Ottawa will raise interest rates sooner than previously expected.
Employment...
Dollar Hits Lowest Since 2008 Versus Loonie
The dollar tumbled to its lowest level in more than a year versus its Canadian counterpart and weakened against European currencies Friday morning ahead of a deluge of economic data from the US.
Greece announced new spending...
Retail sales unexpectedly showed a modest increase in the month of February, according to a report released by the Commerce Department on Friday, with the unexpected growth partly due to a jump in sales by electronics and appliance stores.
The report showed that retail sales rose by 0.3 percent in February following a downwardly revised 0.1 percent increase in January. The sales growth came as a surprise to economists, who had expected sales to edge down by 0.2 percent.
KKR & Co. files for NYSE listing
Private equity giant Kohlberg Kravis Roberts & Co. L.P. on Friday filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of common units worth about $2.21 billion. The move takes the company a step closer to fulfilling its long-awaited plan of a listing on the New York Stock Exchange. The company plans to list its common shares under the symbol "KKR".
Agrium not to pursue acquisition of CF Industries
In what will end a year long take-over battle, Canadian fertilizer and agricultural products distributor Agrium, Inc. announced Thursday that it will no longer pursue U.S.-based rival CF Industries Holdings, Inc., and will let its exchange offer for CF shares expire on March 22. It will also not push for the election of its nominees to the CF board.
BREAKING NEWS
Broadwind Energy Posts Wider Loss In Q4; Shares Down - Update
3/12/2010 10:01:15 AM
Energy services provider Broadwind Energy, Inc. (BWEN) on Friday reported a wider loss for the fourth quarter, hurt primarily by lower revenues and a significant rise in goodwill and intangible impairment....
Cytori Therapeutics Q4 Loss Widens, Shares Plunge - Update
3/12/2010 9:52:30 AM
Medical technologies developer Cytori Therapeutics Inc. (CYTX), Friday reported a wider loss for the fourth quarter, reflecting higher operating expenses that more than offset an increase in revenues. Following....
Furmanite Falls To Loss In Q4 - Update
3/12/2010 9:30:02 AM
Technical services firm Furmanite Corp. (FRM) Friday reported loss for the fourth quarter compared to profit last year, hurt mainly by lower revenues. Both earnings and revenues for the quarter, missed Street....
Arena Pharmaceuticals Q4 Loss Narrows - Update
3/12/2010 9:23:17 AM
Arena Pharmaceuticals, Inc. (ARNA), a clinical-stage biopharmaceutical company, Thursday, reported a narrower fourth quarter loss, helped by sharply lower research and development expenses due to the completion....
Halozyme Therapeutics Q4 Loss Narrows - Update
3/12/2010 9:19:31 AM
Biopharmaceutical company Halozyme Therapeutics, Inc. (HALO) reported Friday a loss for the fourth quarter, narrower than last year. Revenue grew year-over-year driven by a "milestone" payment from Roche for....
Torch River Resources Announces Private Placement
3/12/2010 9:54:44 AM
Torch River Resources Ltd. (TCR.V, TORVF.PK) announced a non-brokered private placement of up to 4 million units at $0.05 per Unit for gross proceeds of approximately $200 thousand.
The company will...
The Cushing MLP Total Return Fund Prices Public Offering - Quick Facts
3/12/2010 9:47:58 AM
The Cushing MLP Total Return Fund (SRV) announced the pricing of a public offering of common shares. The Fund agreed to sell a total of 4 million common shares at a price to the public of $8.05 per share....
Alma Maritime Announces Initial Public Offering - Quick Facts
3/12/2010 9:42:56 AM
Alma Maritime Ltd. (AAM) announced a proposed initial public offering of common stock. The initial public offering price is anticipated to be between $19.00 and $21.00 per share. The offering is currently...
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 May Build On Gains As Commodities Recover
3/12/2010 9:35:54 AM
Canadian stocks are poised for a positive opening Friday on firm commodity prices. Also, encouraging news in the form of domestic jobs data, a spurt in euro zone industrial production in February and better-than-expected retail sales data form the U.S. will likely to help lift sentiment.
The U.S.......
TSX At New Closing High For 2010
3/11/2010 5:05:37 PM
Bay Street ended a lackluster day with modest gains, at the highest closing level so far in 2010.
The specter of further tightening measures by China offset any optimism generated by encouraging trade figures from Canada and the US.
The S&P/TSX Composite Index ended higher 18.64 points or 0.16%......
TSX Stuck In A Narrow Range, Gold Stocks Up
3/11/2010 1:50:53 PM
Toronto's main index was little changed in afternoon trading, as traders digested a slew of economic data from Canada, the US and China.
Traders were cautious amid worries that China may resort to more tightening measures, including interest rate hikes, to slow down economic growth in the context......
Indian Market Ends Flat
The Indian market ended the trading session on Friday on a flat note as traders preferred to adopt a wait-and-watch....
Bay Street Flares Up At Open Friday
3/12/2010 10:07:11 AM
Canadian stocks opened higher Friday as gauges of most sectors were in the green, with materials stocks turning in....
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...
...
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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