ECONOMY & MARKETS

Synthesis Energy Shares Hit New High on China Investment

Shares of Synthesis Energy Systems, Inc. (NASDAQ: SYMX) touched a new 52-week high of $3.12 on Thursday. The company has agreed with China Energy Industry Holding Group Co. Limited for a cash investment of about $83.8 million to support the company's business strategy in China, including project development and investment.

Oil prices above $107 as Libya fighting intensifies

Rebels repel assault on Misrata, five dead
Oil prices rose above $107 on Friday in Asia, amid concerns that escalating fighting between the rebels and Moammar Gadhafi’s forces in Libya would lead to disruption of oil exports from the OPEC nation for longer than expected.
Traders work in the oil options pit on the floor of the New York Mercantile Exchange in New York City

US stocks end mixed ahead of payrolls data

US stocks ended mixed on Thursday as investors awaited Friday’s Bureau of Labor Statistics (BLS) jobs report and slightly weaker than expected economic reports on jobless claims even as Chicago Purchasing Managers index weighed on the sentiment.
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Western Digital's Caviar Blue Hard Drive

ThinkEquity Starts Western Digital with Buy

ThinkEquity initiated coverage of Western Digital Corp. (NYSE:WDC) with a buy rating and $42 price target, saying accelerating growth of digital data will continue driving strong unit Hard Disk Drive (HDD) growth in the future.
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World Market Overview 31/03/2011

Telecommunications stocks led U.S. indexes higher Wednesday, as optimism over deal activity added to confidence that jobs data would continue pointing to a strengthening labor market.
Teva Pharmaceutical

Near-Term Generic For Teva's Copaxone Still Unlikely: Analyst

RBC Capital Markets continues to believe that Teva Pharmaceutical Industries Ltd.'s (NASDAQ: TEVA) generic Copaxone is unlikely in the near term. The brokerage also said FDA denied Copaxone Citizen Petition (CP) as it is premature to make a decision on generic approvability.
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Gold price shoots up in European trading

Gold shot up by nearly one percent on Wednesday, after four sessions of losses amid broad support from unrest in the Middle East and North Africa, but gains may stay limited by expectations monetary policy in key regions may tighten. Spot gold was bid at $1,430.55 an ounce at 1344 GMT, against $1,415.95 late in New York on Tuesday.
Level 3 To buy Global Crossing

Salesforce.com To Acquire Radian6 for about $326 mln

Salesforce.com said it agreed to acquire Radian6, a social media monitoring platform, for about $326 million in cash and stock deal a move that will help Salesforce to effectively market its cloud-based products.
Traders work on the floor of the New York Stock Exchange

World Market Update 29/03/2011

U.S. stocks gave up modest gains and ended slightly lower as declines from consumer and technology companies’ shares weighed in the final hour of trading session.
1. Amazon.com

Amazon launches cloud music player

Amazon.com Inc has launched an online service that would enable its customers to securely store music in the cloud and play it on any Android phone, Android tablet, Mac or PC, wherever they are.

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