Obama To Meet With President Préval Of Haiti
Following meetings with senior advisors, President Barack Obama will meet with Haitian President Rene Préval in the Oval Office later Wednesday....
Seychelles Consumer Prices Decline In February
Seychelles consumer price index or CPI dropped 3.4% year-on-year in February, compared to the 2.2% fall in the previous month, the National Statistics Bureau said...
BoE's Posen: Bank Has Done With QE
The Bank of England has done all with the quantitative easing and there is no need for pumping additional money in to the economy, the bank's monetary policy committee...
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.
Euro Fights Back As Stocks Steady On Wall Street
The euro firmed up versus the dollar on Wednesday, extending its week long run of choppy trading following a move to 9-month lows earlier in March.
Risk appetite is returning to the markets in fits and starts, and today's...
Dollar Mixed Ahead Of Wholesale Inventories
The dollar was mixed Wednesday morning in New York amid lingering concerns about the pace of the global economic recovery.
Lower-yielding currencies like the dollar and yen have strengthened at the expense of the euro and...
Oil Settles Near $81.50, Awaits Inventory Data
The price of crude oil settled well off day's lows Tuesday, as the greenback gave back its early gains against the euro. Profit booking from a two-month high reached in the previous session and expectation of a further increase...
Nitrogen products maker Terra Industries Inc. (TRA), Wednesday said it now considers the latest bid put forward by CF Industries Holdings, Inc. (CF) better than the deal made in February with Norway-based Yara International ASA (YAR.OL, YARIY.PK). Yara now has five days to come up with a better offer. Meanwhile, CF Industries said Terra is worth more to it than any other company given the strategic benefits, including synergies.
American Eagle Q4 Profit climbs 81%
Teen clothing retailer American Eagle Outfitters, Inc. reported Wednesday that profit for the fourth quarter climbed 81% from last year, helped by strong sales and margins amid fewer markdown sales during the Christmas shopping season. Adjusted earnings per share surged, and came in line with analysts' expectations. Quarterly net sales grew 7%, and topped consensus estimate by a whisker. The company also provided earnings forecast for the first quarter of fiscal 2010, above Street view.
Brown-Forman Q3 profit drops; narrows FY10 EPS outlook
Alcoholic beverage manufacturer Brown-Forman Corp. Wednesday reported a decline in third-quarter profit, as expenses escalated, despite a rise in sales. Looking ahead, the company narrowed its full-year 2010 earnings forecast. The Louisville, Kentucky-based company's third-quarter net income declined to $107.9 million or $0.73 per share from $123.4 million or $0.81 per share in the corresponding period last year. Third-quarter net sales improved to $861.7 million from $784.1 million.
BREAKING NEWS
Genesee & Wyoming February Traffic Down 9% - Update
3/10/2010 12:18:48 PM
Genesee & Wyoming Inc. (GWR), which owns and operates short line and regional freight railroads in the United States, Canada, Australia and the Netherlands, said Wednesday that its February traffic fell 9% from....
QLT Reports Increase In Q4 Profit - Update
3/10/2010 12:15:02 PM
Wednesday, biopharmaceutical company QLT Inc. (QLTI, QLT.TO) reported an increase in profit for the fourth quarter, primarily due to the significant gain from the sale of QLT USA.
Net income for the quarter....
Harbin Electric Q4 Profit Surges; Shares Up - Update
3/10/2010 12:13:54 PM
China-based developer and manufacturer of electric motors Harbin Electric, Inc.(HRBN, HRBN.OB), Wednesday reported a significant increase in profit for the fourth quarter in comparison with last year. The....
Ferrellgas Partners Q2 Profit Rises - Update
3/10/2010 12:04:02 PM
Propane distributor Ferrellgas Partners, L.P. (FGP), Wednesday reported a rise in profit for the second quarter of fiscal year 2010, reflecting higher propane sales volumes. Earnings for the quarter were in....
Fortune Brands To Sell Cobra Golf Brand To Puma - Update
3/10/2010 11:31:27 AM
Consumer products company Fortune Brands, Inc. (FO) said Wednesday that it has agreed to sell its Cobra golf brand to German sportswear maker Puma AG. Financial terms of the deal were not immediately disclosed.....
Marketing Alliance Turns To Profit In Q3 - Quick Facts
3/10/2010 12:11:26 PM
The Marketing Alliance, Inc. (MAAL.PK) posted third-quarter net income of $162 thousand or $0.08 per share, compared with a net loss of $225 thousand or $0.12 per share in the prior year period.
Total...
Sentiment Guarded Due to Reduced Visibility
The major U.S. index futures are pointing to a mixed opening on Wednesday, as traders head into another session with a lack of any major first-tier economic data. Given the lackluster trading volumes in recent sessions, one cannot attach much significance to market movement. Some degree of apprehension......
(complete analysis)
Widespread Buying Pushes TSX Near 12,000
3/10/2010 11:33:01 AM
Snapping a two-day funk, Canadian stocks moved up up in mid-morning deals Wednesday amid widespread buying. Also encouraging trade data from China, one of the largest destinations for the country's exports, helped lift sentiment.
The S&P/TSX Composite Index was up 69.88 points or 0.59% to 11,988.59.......
TSX May Gain On Firm Commodities Prices
3/10/2010 9:14:37 AM
Canadian stocks are likely to open higher Wednesday on firm commodities prices and on encouraging economic data from China, one of Canada's largest export destinations.
Tuesday, the S&P/TSX Composite Index lost 45.13 points or 0.38% to 11,918.71, after having risen above the 12,000-mark in last Friday.......
Profit Booking Takes TSX Down 45 Points
3/9/2010 5:07:19 PM
Canadian stocks deepened losses towards the closing bell Tuesday, as resource stocks leveled off for a second day.
Financial stocks too felt the heat even as Canada's third largest lender Scotiabank (BNS.TO) reported first-quarter earnings above estimates, rounding off a robust earnings season for......
EUROPE
Major European Averages In The Green
The major European averages are hovering in positive territory in early afternoon trading Wednesday, following an....
Indian Market Pares Early Gains
The Indian market ended a volatile session off the day's high as profit taking emerged at higher levels following....
QLT Reports Increase In Q4 Profit - Update
3/10/2010 12:15:02 PM
Wednesday, biopharmaceutical company QLT Inc. (QLTI, QLT.TO) reported an increase in profit for the fourth quarter,....
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...
Xyratex upbeat on Q1 – Stocks To Watch
3/8/2010 8:59:12 AM
Xyratex Ltd.(XRTX), a provider of modular enterprise-class data storage solutions, boosted its first-quarter outlook, citing an improvement in demand in both its businesses and across...
Geron in the watch list – Stocks To Watch
3/4/2010 8:57:11 AM
Geron Corp. (GERN) highlighted a product launch by Corning Inc. (GLW) developed under a collaboration and license agreement between the two companies.
Corning is launching the Synthemax...
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
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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Brokerage Stocks Helping To Fuel Friday's Rally
3/5/2010 11:50:19 AM
While biotechnology stocks are turning in the market's best performances in late-morning trading on Friday, notable strength is also visible among brokerage stocks. The sector has jumped...
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