Stocks end positive ahead of resistance level and Chinese CPI
3/10/10 •
The U.S. stock market eked out a modest gain ahead of an important resistance level for the S&P 500 Index and a Chinese CPI report, which market participants will use [...]
Market Sector News
Oil prices rise to settle above $82
3/10/10 •
NEW YORK (AP) – Oil settled above $82 on Wednesday after driving past $83 briefly following a government report that showed U.S. crude oil supplies didn’t grow as much as [...]
CA Agrees to Buy Nimsoft for $350 Million in Cash
3/10/10 •
By Katie Hoffmann and Hugo Miller (Bloomberg) – CA Inc., the second-largest maker of software for mainframe computers, agreed to buy closely held Nimsoft Inc. for about $350 million to [...]
Unemployment rises in 30 states in January
3/10/10 •
WASHINGTON (AP) – Unemployment rose in 30 states in January, the Labor Department said Wednesday, evidence that jobs remain scarce in most regions of the country.
The data is somewhat better [...]
Bank of America Eliminates Overdraft Fees on Debit Buys
3/10/10 •
By DAN FITZPATRICK And ROBIN SIDEL
Bank of America Corp. plans to announce Wednesday that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead [...]
Gymboree 4Q Profit Jumps 13%; Plans Mideast Franchise Expansion
3/10/10 •
DOW JONES – Gymboree Corp.’s (GYMB) fiscal fourth-quarter profit grew 13% as the children’s apparel maker posted higher sales and margins.
Shares were up 2.8% at $47.60 in after-hours trading, as [...]
Toyota Reviewing U.S. Report of Prius With Stuck Gas Pedal
3/09/10 •
By Jeff Plungis and Alan Ohnsman (Bloomberg) – Toyota Motor Corp., struggling to regain a reputation for quality after unintended acceleration forced millions of vehicle recalls, will investigate a report [...]
Cisco, Texas Instruments in tech-sector spotlight
3/09/10 •
SAN FRANCISCO (MarketWatch) – Technology stocks struggled for direction Tuesday, as the sector awaited what Cisco Systems Inc. claimed would be a “significant announcement” about its plans for the Internet.
Shares [...]
McDonald’s key sales figure rises in February
3/08/10 •
OAK BROOK, Ill. (AP) – Strong overseas growth for McDonald’s Corp. in February outweighed U.S. sales that barely nudged upward as the world’s largest fast-food chain posted a 4.8 percent [...]
AIG sells Alico unit to MetLife for $15.5 billion
3/08/10 •
CHARLOTTE, N.C. (AP) -American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG’s second [...]
Arrow Energy gets $3 billion takeover bid
3/08/10 •
SYDNEY, (AP) – Arrow Energy Ltd., a major owner of natural gas assets in northern Australia, said Monday that a company jointly owned by Royal Dutch Shell and PetroChina has [...]
