Wolseley Q1 trading profit up 39 pct on overseas growth
British construction products supplier Wolseley said trading profit rose 39 percent in the first quarter, helped by revenue growth in the US and Canada as well as cost control measures.
Treasury to sell remaining Citigroup stake through offering
The U.S. Department of the Treasury said it plans a public offering of its remaining 2.4 billion shares of Citigroup Inc. (NYSE: C) common stock.
Stocks recover early losses, finish mixed
Stocks, which fell early in the session on some gloomy remarks on the economy from Federal reserve Chairman Ben Bernanke, pared much of their losses later in the day on hopes that The Republicans and Democrats in Congress can hammer out a compromise on extending the Bush tax cuts as well as unemployment benefits.
Top Chinese official doubts country's economic data: WikiLeaks
Wikileaks revealed that Li Keqiang, a senior Chinese politician with many economic-related duties, doubts the country's economic data.
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Kellogg CEO Mackay to retire, COO Bryant to succeed
Kellogg Co. (NYSE: K) said chief executive David Mackay announced his plans to step down, and he will be succeeded by chief operating officer John Bryant, effective January 2, 2011. The cereal giant also reaffirmed its 2010 and 2011 sales and profit forecasts.
EUR/USD falls within channel; aims 1.3113 (S2) after 1.3199 (S1) amid debt woes
Despite a dovish Bernanke, EUR/USD's attempt to break above the upper limit of a downward channel from early November highs on the back of a weak non-farm payrolls data proved unsuccessful as debt-related worries of euro-zone continued to weigh on the single currency.
FBR Capital lifts profit view of Illinois Tool Works
The brokerage reiterated its 'outperform' rating on shares of the industrial products maker, while increasing its price target to $62 from $60.
'Euro can be saved if PIGS bow out'
The crisis-hit peripheral countries have more of a 'solvency problem' than a liquidity problem and their public finances cannot be brought to order without leading to a deep and prolonged recession, as long as they are part of the eurozone, analysts have said.
USD/JPY off day's lows; poised for rebound to 83.4 (R1) before 83.7 (R2)
Momentum indicators MACD and RSI on 4-hour chart suggest the pair is in oversold zone and up for a rebound. The first stop up (R1) for USD/JPY could be 83.40 as indicated by 100-day SMA and 23.6 percent Fibonacci and further higher, the pair has resistance near 83.7 (R2), as shown by the 50-day SMA.
US stock futures point to lower open
Futures on the S&P 500 are down 0.30 percent to 1,219.80, futures on the Dow Jones Industrial Average are down 0.21 percent to 11,340.00 and Nasdaq100 futures are down 0.19 percent to 2,183.00.
Shanghai loses top spot as preferred property investment destination
Shanghai in China dropped to second place in the list of most favorable destinations for property investments in Asia, said a survey on Monday.
Pfizer's Kindler steps down as chief executive, replaced by Ian Read
Pfizer Inc. announced that its chief executive Jeffrey Kindler has retired from the company and he will be replaced by Ian Read, currently head of its global biopharmaceutical operations.
Top After-Market NASDAQ Gainers and Losers
The top after-market NASDAQ stock market gainers are: Nova Measuring Instruments, China Biologic Products, MannKind, GT Solar International, and DDI. The top after-market NASDAQ stock market losers are: SuperMedia, Human Genome Sciences, China Electric Motor, Neutral Tandem, and ArQule.
Metropolitan cities in emerging markets lead global recovery
The global economic recovery is being led by large metropolitan cities accounting for about half of the global gross domestic product (GDP), said a report.
Is Windows 7 Tablet-Only Edition On The Horizon?
As the tablet market is being crowded each day with more and more devices, time is ripe for Microsoft to unveil a new operating system exclusively for tablets.
Is Broadband Bad For Energy?
Increased broadband access worldwide has meant a rise in demand for online media services and this could have implications for a society that is living within environmental limits. The researchers found the current energy demand for bandwidth to be four watt-hours per MB.
Late-session buying surge pushes stocks into positive territory
A late-session rally pushed stocks modestly into the black after a very disappointing November jobs report battered equities earlier in the day.
EUR/USD breaks above 100-day SMA , aims key 1.3446 post-weak US jobs data
Weaker-than-expected US jobs data helped the EUR/USD break above its 100-day SMA and pair is now heading toward key long-term resiatnce of 1.3446 (R1 on daily chart).
Top Pre-Market NASDAQ Losers (SMT, OREX, CWTR, PWAV, REDF)
The top pre-market NASDAQ stock market losers are: Smart Technologies, Orexigen Therapeutics, Coldwater Creek, Powerwave Technologies, Rediff.com India, Ku6 Media, SPS Commerce, Aruba Networks, Huntington Bancshares, and Marvell Technology Group.
Qualcomm profit view lowered at Oppenheimer
Oppenheimer has lowered its fiscal 2011 earnings forecast for chip maker Qualcomm, saying that margins at the company's CDMA unit will decline to drive share gains.
US futures decline after jobs data
Futures on major U.S. stock indices point to lower on Friday after a government report showed that the unemployment rate unexpectedly increased in November.
Top Pre-Market NASDAQ Gainers (ASCMA, CISG, PMCS, CONN, HTCH)
The top pre-market NASDAQ stock market gainers are: Ascent Media, Cninsure, PMC-Sierra, Conn's, Hutchinson Technology, VIVUS, DryShips, Power-One, and Yongye International.
US futures hold tight ahead of payrolls data
Futures on major U.S. stock indices remained range-bound on Friday as investors await for key U.S. monthly non-farm payrolls and unemployment data from the government.
USD/CAD sees 0.9976 (S1) post-data; may rebound to 1.0112 (R2) on big surprise
USD/CAD is technically poised for a bounce back from current levels just above parity, but given the uncertainty about key data due later in the day, one should also be prepared for a move on the other side, which could easily take the pair to 0.9976 (S1) support.
Indian economic growth to overtake China's in ten years: Roubini
Economic growth in India will overtake that of China in the next ten years, boosted by huge domestic demand, said noted global economist Nouriel Roubini.
Eurozone Oct. retail sales rise unexpectedly
Eurozone retail sales rose unexpectedly in October for the first time in three months, showing an improvement in household demand.
US futures edge lower; jobs data eyed
Futures on major U.S. stock indices point to modestly lower opening on Friday ahead of key U.S. monthly non-farm payrolls and unemployment data from the government.
Berkeley confident of beating FY view, house sales rise
U.K. homebuilder Berkeley Group said it was confident of outperforming its full-year expectations, saying there is an underlying demand for the well-located, quality homes developed by Berkeley in London and the South East.
EUR/USD has 1.3283 nearest target ahead of key data; to end bearishness above 1.3697
Market is widely prepared for better readigs for both the EU indicators due Friday, and as of now, 1.3283 works out to be the nearest target upside on the 4-hour chart.
Greene King interim profits rise 17 pct, LFL food sales up 8.5 pct
U.K.'s Greene King Plc, the brewer of Old Speckled Hen ale, reported a 17 percent rise in interim pretax profits, driven by strong like-for-like (LFL) sales growth at its Retail division.
Top After-Market NASDAQ Losers (OCLR, ERES, AVGO, CYBX, IDTI)
The top after-market NASDAQ stock market losers are: Oclaro, eResearchTechnology, Avago Technologies, Cyberonics, Integrated Device Technology, Vitacost.com, Ebix, Nanometrics, Parexel International, and CVB Financial.
Top After-Market NASDAQ Gainers (CONN, KIRK, INAP, RUE, HAWK)
The top after-market NASDAQ stock market gainers are: Conn's, Kirkland's, Internap Network Services, rue21, Seahawk Drilling, Digital River, Peet's Coffee & Tea, optionsXpress Holdings, Semtech, and Cninsure.
Why U.S. stocks can go up in 2011
The health of the American economy and the level of accommodation in monetary policy are the two most important factors that influence U.S. stock price movements. In 2011, it seems U.S. equities may get support both.
Stocks rally for second straight session
Stocks rallied for a second straight session as traders sentiment was buoyed by some strong November chain-store retail sales figures and by the European Central Bank (ECB) to maintain liquidity safety measures for troubled banks.
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