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Saturday, May 31, 2008

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HONG KONG (Reuters) - Asian stocks rose on Friday, led by exporters in Japan, as fears of a deep U.S. recession receded, but gains were capped by worries that inflation will cut into growth and lead to higher borrowing costs. Despite a $4 drop in oil ...


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NEW YORK (Associated Press) - Investors on Friday rewarded Joy Global Inc., which makes mining equipment, for a fiscal second-quarter profit that easily topped Wall Street expectations. The stock peaked at a new year high. Net income for the three ...



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NEW YORK, May 30 (Reuters) - The dollar rose briefly versus the euro and the yen on Friday after a government report showed a key inflation measure rose as expected in April. In morning trading in New York, the euro was last at $1.5510 after dipping ...



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Billionaire investor Kirk Kerkorian will continue with his $8.50 per share tender offer for 20 million shares of Ford stock, despite the recent drop in the automaker's price.



Friday, May 30, 2008

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Despite the recent hot weather, I've held off from writing about summery vegetables until now because our home-grown varieties of peas, beans and the like have barely started to appear and I haven't wanted to encourage you to buy imported veg ...



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Naturally, this running order doesn't tell the entire story. While Richard Childress Racing did post a one-two-three finish, Tony Stewart seemed primed to win the event, but Harvick got too aggressive and smacked into him with two laps left, sending ...


NEW YORK (AP) - Stock prices are firm, helped by a lift in technology shares. The key averages are on track for weekly gains. NEW YORK (AP) - Prices at the gas pump have risen another cent today, which appears to be putting them on track to hit $4 in ...



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NEW YORK (AP) - Investors on Friday rewarded Joy Global Inc., which makes mining equipment, for a fiscal second-quarter profit that easily topped Wall Street expectations. Net income for the three months ended May 2 fell to $72.1 million, or 66 cents ...


BOSTON (Thomson Financial) - Airline stocks traded broadly lower Friday as crude-oil futures rose back above the $127-per-barrel mark. The Amex Airline Index, made up of shares of 14 air carriers, fell 1.2% to $19.15, led by shares of US Airways ...



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SYDNEY (Thomson Financial) - The U.S. dollar remained near three-month highs against the euro following data showing that the U.S. economy grew faster than previously estimated in the first quarter, bolstering expectations that the Federal Reserve ...


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Thursday, May 29, 2008

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Keeping both customers and shareholders content is rarely easy for a power utility, as yesterdays full-year figures from Scottish & Southern Energy attest. By being the last of the six retail energy suppliers to increase its tariffs by some 15 ...


Blackbaud, Inc. (NASDAQ: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, announced today that it is acquiring Kintera, Inc. (NASDAQ: KNTA), a pioneer and leading provider of a Software ...



Wednesday, May 28, 2008

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NEW YORK, May 28 /PRNewswire-FirstCall/ -- MFA Mortgage Investments, Inc. (NYSE: MFA) announced today the pricing of an underwritten public offering of 40,000,000 shares of its common stock, at a price to the public of $6.95 per share, for estimated ...



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CHICAGO (Reuters) - Shares of Expedia Inc (EXPE.O: Quote , Profile , Research ) rose more than 7 percent on Wednesday and its options volume surged on speculation that Chairman Barry Diller was considering taking the No. 1 online travel agency ...


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The market's inability to follow through to the upside a week ago continues to create opportunities for strong stocks to move lower, with many of those names becoming more attractive in the process. Think of how differently you would view the market ...



Tuesday, May 27, 2008

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Monday, May 26, 2008

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Winnebago Industries, Inc.'s (NYSE: WGO) 2008 Itasca Sunova has been recognized as a Consumers Digest Best Buy. Featured in the June 2008 issue, a Consumers Digest Best Buy is defined as a product that offers the most value for a given amount of ...


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Saturday, May 24, 2008

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Pay is back as a big issue and will remain so for some time. In a challenging market, like the one we are entering, boardroom compensation will be an emotive issue. In the past week we have seen Royal Dutch Shell, the oil giant, face down a barrage ...

Transaction valued at approximately $44.6 billion in cash and stock; provides 62 percent premium to current trading price for Yahoo! shareholders; combined entity to create a more competitive company, providing superior value to shareholders, better choice and innovation for customers and partnersMicrosoft Proposes Acquisition of Yahoo for 31 per Share



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Allos Therapeutics, Inc. ALTH announced the pricing of an underwritten public offering of 10,800,000 shares of newly issued common stock at a public offering price of $5.64 per share. The closing of the offering is expected to take place on May 29 ...



Friday, May 23, 2008

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HONG KONG (MarketWatch) -- Asian stocks traded mixed Friday, with Tokyo nudging higher on gains by Sony Corp. and other export-heavy shares after the yen weakened against the U.S. dollar. Overnight declines in metals and crude oil prices weighed on ...


NEW YORK (Reuters) - Oil prices surged more than $3 to a record above $132 a barrel on Wednesday after a U.S. government report showed a surprise drop in crude stockpiles, reinvigorating fears of a worsening supply crunch. The gains bring oil up more ...


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DETROIT -- This decade has already seen burst bubbles in tech stocks, homes and credit. Now, it seems, another segment has fallen victim to irrational exuberance: the U.S. auto market. Like investors who sent dot-com stocks or house prices to ...



Thursday, May 22, 2008

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BUENOS AIRES (Reuters) - Argentina's Grupo Petersen, which recently bought a 14.9 percent stake in Repsol's Argentine affiliate, YPF, launched an offer Wednesday to buy all of YPF's floating shares. In a statement to the Buenos Aires Stock Exchange ...


MUMBAI (Reuters) - The partially convertible Indian rupee pushed away from 13-month lows in early deals on Friday after oil dipped from record highs and stock market gains raised hopes of capital inflows. Traders were also wary of adding to long ...



Wednesday, May 21, 2008

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NEW YORK (Reuters) - Independent energy company Pinnacle Gas Resources Inc (PINN.O: Quote , Profile , Research ) said on Monday that Quest Resource Corp (QRCP.O: Quote , Profile , Research ) has terminated its offer to buy Pinnacle. Last year ...


MEXICO CITY -(Dow Jones)- Mexican banking group Ixe Grupo Financiero SA ( IXEGF.MX) said Tuesday that it's in preliminary talks with a subsidiary of GMAC Financial Services to buy its local mortgage lending operations. In a filing with the Mexican ...


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IS inflation roaring back with a vengeance? It depends on whom you ask. The experience we have had in recent years harks back to the 1970s, when commodities prices surged, said Zvi Bodie, a professor of finance and economics at the Boston ...



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HONG KONG, May 20 (Reuters) - Asian stocks edged lower on Tuesday, snapping a six-day rising trend, weighed by retailers as oil continued a relentless rise, keeping inflation fears high. Stocks around the world on Monday rallied to a four-month peak ...


LONDON : Britain's top share index fell 1.2 percent by midday on Tuesday, snapping a four-day winning run, as miners gave up recent gains and banks remained under pressure on the glum mood in the sector. By 1017 GMT (11:17 a.m. British time), the ...



Tuesday, May 20, 2008

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NEW YORK (AP) - Stock prices are getting hit by inflation worries, including surging oil prices. The Dow has lost more than 100 points in the first hour of trading. VIENNA, Austria (AP) - Oil prices have risen to a fresh trading high, pushing past ...


IS inflation roaring back with a vengeance? It depends on whom you ask. The experience we have had in recent years harks back to the 1970s, when commodities prices surged, said Zvi Bodie, a professor of finance and economics at the Boston ...



Monday, May 19, 2008

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SYDNEY (Thomson Financial) - The U.S. dollar was trading mixed against major currencies on Monday as investors searched for direction after a rally last week showed signs of fatigue on Friday when weak data cast doubts on the view the Federal Reserve ...



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NEW YORK (Thomson Financial) - Electro Scientific Industries Inc. Monday said its board approved the repurchase of up to $20 million of the company's common stock, primarily to offset dilution from equity compensation programs. There is no fixed ...


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Sunday, May 18, 2008

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LOS ANGELES (Hollywood Reporter) - Apparently, 68% growth just isn't good enough, so investors sold shares of the video game software makers Friday. Research firm NPD triggered Friday's sell-off with a report that said the U.S. video game sector grew ...



Saturday, May 17, 2008

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CBS Corp. announced Thursday that it would buy Internet media company CNET Networks Inc. for $1.8 billion. The work sees the acquisition as an opportunity to expand its advertising reach on the Web, but critics citing the lack of overlap between the ...


HOFFMAN ESTATES, Ill., May 15 /PRNewswire/ -- As more customers turn online for their entertainment shopping needs, Sears is supporting this increased demand through a large-scale expansion of its online store. This month, at Sears.com, customers can ...



Friday, May 16, 2008

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MUMBAI (Reuters) - The Indian rupee hit a 13-month low near 43 per dollar on Friday after data showed inflation at a 3- year high, but recovered smartly to end stronger as exporters decided it was good time to cash in dollar holdings. The partially ...



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Thursday, May 15, 2008

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NEW YORK (AP) - Shares of Deere & Co. declined in Wednesday premarket trading, after the farm and construction machinery company warned that rising material costs will pressure results for the rest of 2008. Deere also expects a sharp decline in U.S ...


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Wednesday, May 14, 2008

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May 14 (Bloomberg) -- Billionaire investor Carl Icahn plans to nominate his own slate of directors at Yahoo! Inc. 's next annual meeting after buying a stake in the Internet company, a person familiar with the plans said. Icahn has chosen at least 10 ...


BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has provided subscribers with a report on ethanol producers, including VeraSun Energy (NYSE ...



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Tuesday, May 13, 2008

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Who will win the Democratic nomination? Who will be the next president? When might Britney Spears go back to rehab? And who will be the next "American Idol"? On Intrade.com traders can buy shares of Hillary Clinton and Barack Obama. Their price ...


Repossession orders granted by courts in England and Wales leapt in the first quarter, to 27,530, up 17 per cent from a year earlier and up 9 per cent on the previous quarter. The rise was blamed on fallout from the mortgage market logjam and led to ...


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Monday, May 12, 2008

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Sunday, May 11, 2008

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Saturday, May 10, 2008

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MANILA (Thomson Financial) - Philippine shares closed higher on Friday on bargain-hunting after investors snapped up recently battered stocks. 'Investors continued their cherry-picking of stocks, but the market had a hard time trekking higher ...



Friday, May 9, 2008

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Stocks extended gains Thursday afternoon as crude-oil futures fell and retail sales for April showed consumers still spending, albeit more frugally. "Consumers are seeking bargains, bulking up and scaling down," said Art Hogan , chief market ...


U.S. stocks rose at the open Thursday, after the last session's big pullback, with oil futures still trading near $123 a barrel but with investors finding relief in decent retail sales from the likes of Wal-Mart Stores . The Dow Jones Industrial ...



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Circuit City Stores Inc. said Friday it will allow video-rental chain Blockbuster Inc., and its largest shareholder Carl Icahn, to conduct due diligence in connection with Blockbuster's bid to buy the consumer electronics retailer. Circuit City also ...


Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection with the video-rental chain's bid to buy the company. Circuit City also revealed that it received a letter from Blockbuster ...



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Thursday, May 8, 2008

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Drug developer shifts focus to selling drugs that treat central nervous system disorders; will buy back up to 14-million common shares ... Read the full article Please let us know if this readers comment breaks the editor's rules and is obscene ...


SAN FRANCISCO -- It's hard to believe Google Inc. actually looked vulnerable just two months ago. The Internet search leader's stock had plummeted 45 percent from its peak. And its two biggest rivals, Microsoft Corp. and Yahoo Inc., appeared poised ...



Wednesday, May 7, 2008

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NEW YORK -- A Goldman Sachs analyst predicts that oil prices could reach $150 to $200 a barrel over the next 6 months to two years, but said that how far prices could climb still "remains a major uncertainty." "We believe the current energy crisis ...



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NEW YORK (Associated Press) - Shares of health care equipment and supply companies were mixed in early trading Wednesday, as was the broader market, as investors awaited a report from the National Association of Realtors on pending home sales. How ...


IRVING, Texas (AP) - Engineering and construction company Fluor Corp. said Wednesday its board approved a two-for-one stock split. The company said the split will come in the form of a stock dividend of one additional share of stock for each share ...



Tuesday, May 6, 2008

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FXstreet.com (Barcelona) The Dollar has lost some of the value obtained late last week. Cornelius Luca, economist at Global Forex Trading, advances the possibility of further recovery for the USD: The candle chart suggests a bullish reversal ...


5/6/2008 1:50:04 AM Following the release of the Swiss consumer price index report for April, the franc dropped against its major counterparts. By about 1:47 am ET, the franc was quoted at 2.0757 against the pound and 1.0517 against the dollar ...



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Microsoft has ended takeover talks with Yahoo! after an increased 24 billion bid was rejected by the internet search icon. The decision to abandon three months of increasingly acrimonious negotiations came as a surprise to analysts, who had thought ...



Sunday, May 4, 2008

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KUALA LUMPUR (Thomson Financial) - Malaysian shares ended the morning session little changed on Monday after Maybank unveiled its plan to acquire a big stake in a Pakistani bank. The country's largest bank said it would pay 2.17 billion ringgit ($672 ...


May 4 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close. The X-DAX Index lost 0.2 percent to 7,034.72 on May 2 ...



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NEW YORK (Associated Press) - British drug maker GlaxoSmithKline said Friday it has begun a tender offer to buy all of the outstanding shares of Sirtris Pharmaceuticals Inc. for $22.50 apiece in cash. Cambridge, Mass.-based Sirtris said its board ...


Resize Text SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) walked away from its bid to buy Yahoo Inc (YHOO.O) on Saturday after the Internet company turned down its offer to raise the price by $5 billion to $47.5 billion. Microsoft's offer was for ...



Saturday, May 3, 2008

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Time Warner Inc. Chief Executive Officer Jeffrey Bewkes said he will separate the cable-systems unit from the film and television businesses, bringing him a step closer to breaking up the world's biggest media company. The announcement came as Time ...



Friday, May 2, 2008

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The gyrations in gold prices have upended the market for precious coins just as a lot of new investors have rushed in. Coin sales surged for most of the last year as the price of gold and silver shot up. Buyers view coins as a way to hoard wealth and ...


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May 2 (Bloomberg) -- Countrywide Financial Corp. 's credit rating was unexpectedly cut to junk by Standard & Poor's Corp., which cited doubt about whether Bank of America Corp. will back the home lender's debt after a pending takeover is completed ...


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