Archive for the Category ◊ Trading News ◊

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• Wednesday, March 10th, 2010

The Gymboree Corporation Reports Preliminary Fourth Quarter and Full Year 2009 Results
SAN FRANCISCO, March 10 /PRNewswire-FirstCall/ — The Gymboree Corporation (Nasdaq: GYMB) today reported consolidated financial results for the fourth fiscal quarter and full year ended January 30, 2010. Fourth Fiscal Quarter Ended January 30, 2010 For the fourth fiscal quarter, net sales were $299

Sony unveils PlayStation Move motion controller
Sony lifts the wraps on its new motion-control video game system called PlayStation Move, which is expected to hit the market later this year.


AMREP Reports Third Quarter and Nine Month Results
PRINCETON, N.J., March 10 /PRNewswire-FirstCall/ — AMREP Corporation (NYSE: AXR) today reported a net loss of $721,000, or $0.12 per share, for its fiscal 2010 third quarter ended January 31, 2010 compared to a net loss of $100,000, or $0.02 per share, for its fiscal 2009 third quarter ended Januar

Ballard Reports Audited Fourth Quarter and Full Year 2009 Results
VANCOUVER, March 10 /PRNewswire-FirstCall/ – Ballard Power Systems (TSX: BLD; NASDAQ: BLDP) announced its financial results for the fourth quarter and full-year ended December 31, 2009 today. All amounts are in U.S. dollars, unless otherwise noted. Fourth Quarter 2009 Highlights – Fourt

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• Wednesday, March 10th, 2010

Pandit sees revival of Citi’s fortunes
Vikram Pandit, Citigroup’s chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mark a sharp revival in Citi’s fortunes

Wall St up on one-year anniversary of bottom
US equities rallied modestly a year to the day since markets closed at their lows during the financial crisis, as investors took stock of the recovery

Wholesale inventories fall, restocking expected
WASHINGTON (Reuters) – U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would support economic growth.


Incentive Capital Management Selects Pricing Partners
Dublin-based asset manager chooses Price-It Excel to price and risk manage its inflation linked derivatives business.

BlackRock Selects Pyxis Mobile Platform For Multiple Business Units
The Pyxis Mobile platform is extending multiple CRM systems to BlackRock’s mobile workforce, aggregating and accessing all the systems through native applications on employee devices.

Senate passes $149 bln for jobless aid, tax breaks
WASHINGTON (Reuters) – The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.


Asian stocks ease after China data, yen struggles
SINGAPORE (Reuters) – Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan’s economy may need more support.


Wall Street rises on bank deal speculation
US stocks posted decent gains as they marked the 10-year anniversary of the Nasdaq’s peak. However, following a series of rises over previous sessions, markets lacked a positive driver to send them higher

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• Wednesday, March 10th, 2010

Boeing study says its tanker to create more jobs
WASHINGTON (Reuters) – A study paid for by Boeing Co found that a Boeing-built aerial tanker would create 10 times as many new U.S. jobs as the now-withdrawn plan by Northrop Grumman Corp and EADS .


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• Wednesday, March 10th, 2010

Lawsuits, poker and the death of a boutique bank
NEW YORK (Reuters) – In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.


Blue chips’ ties to pay advisers under spotlight
NEW YORK (Reuters) – A dark corner of corporate America is being thrust into the harsh glare of disclosure.


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• Tuesday, March 09th, 2010

How the major stock indexes fared on Tuesday (AP)
AP – Financial companies led stocks higher Tuesday on the one-year anniversary of the market’s hitting a 12-year low. The gain in bank stocks came as traders reacted to rumors that the government might prohibit the trades known as short sales in the stocks of companies it owns. Such a move would be aimed at preventing sharp drops in stocks including Citigroup Inc. and American International Group Inc.

Great Investors Go It Alone
Fewer distractions can mean better decisions.


SEC sues ex-NY loan trader over alleged kickbacks (Reuters)
Reuters – A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday.

Todd Harrison: The witch hunt widens on Wall Street
Perspective is paramount as we pave the path for future generations, writes Todd Harrison.


Are You Saving Enough for Retirement?
Your goals are unique, so the way you reach those goals should be, too.


Summary Box: Gains slow after big year for stocks (AP)
AP – A YEAR LATER: The Dow Jones industrial average is up 61.4 percent since it closed at a 12-year low of 6,547 on March 9, 2009. On paper, U.S. stocks have gained about $5.7 trillion but are still down about $5.5 trillion from the peak in October 2007.

Asia markets little changed as China exports surge (AP)

Traders work on the floor of the  New York Stock Exchange, Tuesday, March 9, 2010.(AP Photo/Mark Lennihan)AP – Asian stock markets were little changed Wednesday even as surging Chinese exports pointed to a pickup in global trade.


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• Tuesday, March 09th, 2010

Volatility ebbs but Wall Street is flat
Improving sentiment surrounding European sovereign debt was not enough to significantly move US stocks in the absence of significant macroeconomic or corporate news

How the major stock indexes fared on Tuesday (AP)
AP – Financial companies led stocks higher Tuesday on the one-year anniversary of the market’s hitting a 12-year low. The gain in bank stocks came as traders reacted to rumors that the government might prohibit the trades known as short sales in the stocks of companies it owns. Such a move would be aimed at preventing sharp drops in stocks including Citigroup Inc. and American International Group Inc.

Kroger, Ruby Tuesday, UAL are big movers (AP)
AP – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

Bulls may run more from March 2009 lows (Reuters)

Traders work on the floor of the New York Stock Exchange in this March 9, 2009 file photo. U.S. stocks edged higher on March 9, 2010, the one-year anniversary of the market lows reached in the recession, helped by gains in industrial shares as optimism about the recovery remained intact.   REUTERS/Brendan McDermid/Files (UNITED STATES - Tags: ANNIVERSARY BUSINESS)Reuters – Bulls may get more room to run this week on the anniversary of the March 2009 lows — if U.S. stock investors see more signs of stability after Friday’s rally on smaller-than-expected job losses.


Summary Box: Dollar, stock relationship ending (AP)
AP – THE BREAKUP: During last year’s big market rally, the dollar consistently fell on days when stocks rose, and vice versa. That hasn’t been the case in the past three months.

SEC chief economist leaving (AP)
AP – The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.

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• Tuesday, March 09th, 2010

Economic Report: Japan core machinery orders decline in January
Japan’s closely watched core machinery orders decline in January at a rate that matches analysts’ expectations, while the country’s wholesale prices rise slightly in February.


FTSE 100 climbs at the open (AFP)

Leading shares climbed at the start of trade following strong gains in Asia.(AFP/File/Shaun Curry)AFP – Leading shares climbed at the start of trade on Monday following strong gains in Asia.


SEC sues ex-NY loan trader over alleged kickbacks (Reuters)
Reuters – A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday.

China’s BYD may put plant in California: report
Chinese car maker BYD may reportedly build an assembly plant and open its North American headquarters in Los Angeles County.


Robert Powell: Three ways to boost retirement confidence
I know, I know, we’re starting to sound like a broken record, or MP3 player. But researchers are once again sounding the alarm that Americans are not saving enough for retirement.


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• Monday, March 08th, 2010

FTSE 100 inches higher (AFP)

The FTSE 100 stock exchange inched higher on Monday as a rally brought on by better-than-expected US jobs data petered out due to uncertainty about Europe's economic outlook.(AFP/File/Ben Stansall)AFP – The FTSE 100 stock exchange inched higher on Monday as a rally brought on by better-than-expected US jobs data petered out due to uncertainty about Europe’s economic outlook.


Summary Box: Dollar, stock relationship ending (AP)
AP – THE BREAKUP: During last year’s big market rally, the dollar consistently fell on days when stocks rose, and vice versa. That hasn’t been the case in the past three months.

Nasdaq rises on upgrades, market barely budges (Reuters)

Traders work on the floor of the New York Stock Exchange, February 18, 2010. REUTERS/Brendan McDermidReuters – Technology shares pushed the Nasdaq higher on Monday on an otherwise flat day for stocks, led by BlackBerry maker Research in Motion and Cisco Systems.


How the major stock indexes fared on Monday (AP)
AP – Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy. Financial shares rose after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Meanwhile, health care stocks fell after President Barack Obama called for passage of health care legislation.

Coal companies surge on reports of BHP deal (AP)
AP – Coal company stocks led a rally on Wall Street Friday after published reports said that a Japanese steel maker paid higher prices for coal than expected.

Remodeling activity is on the rise, architects say
Instead of playing the trade-up game, more homeowners are staying in their homes, upgrading kitchens and baths and building additions to accommodate their needs instead of moving into a bigger house, but there are also some early signs of an improving real-estate market, according to a new survey of architecture firms.


Asia Markets: Optimism for steel makers, despite rising costs
Japanese steel makers’ willingness to pay a 55% increase in price to buy coking coal from BHP Billiton is leading a new wave of optimism for Asia’s steel industry, with analysts hopeful that the steel mills may in turn be able to raise prices to cover most of the increase in costs.


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Author:
• Monday, March 08th, 2010

Must-Read Mutual Fund News
Stay on top of the latest from the fund industry.


Summary Box: Stocks end day of quiet trading mixed (AP)
AP – MODEST MOVES: Stocks ended mixed after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Investors see buyouts as a sign of confidence in the economy.

How to Replace $6.1 Billion in Lost Revenue
It’s not easy, but Bristol-Myers will give it a shot.


A Big Upgrade for Northrop Grumman
This bullish call comes from more than just one analyst.


Dividends for 100 Years
Want an investment you can count on? Check these out.


One Small Cap for the Coming Rally
Underpriced quality small caps that should soon catch the attention of institutions and individual investors alike.


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Author:
• Monday, March 08th, 2010

This Rally Is Ridiculous
But there’s still serious money to be made.


Stocks for the Next Decade
Innovative companies provide you with the best chance for stellar returns.


5 Superball Stocks
Sometimes, the harder you throw a ball, the higher it bounces.


We Buy Ugly Stocks
Ugly stocks, pretty profits.


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