GLOBAL MARKETS

A sign marks the headquarters of Genzyme in Cambridge

Genzyme Shares Hit New High as Board Recommends Sanofi's Revised Offer

Shares of Genzyme Corp. (NASDAQ: GENZ) touched a new 52-week high of $75.90 on Monday. The biotechnology firm's board has unanimously recommended to its shareholders to accept the latest sweetened offer from French drug giant Sanofi-Aventis SA (NYSE: SNY) and to tender their shares into the revised offer.

World Market Overview 08/03/2011

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U.S. stocks ended lower on Monday, led by declines from technology shares after Wells Fargo downgraded the semiconductors sector.
Tomotherapy Hi Art

TomoTherapy Shares Hit New High On Accuray Merger

Shares of TomoTherapy Inc. (NASDAQ: TOMO) touched a new 52-week high of $4.70 on Monday after it agreed to be acquired by Accuray Inc. (NASDAQ: ARAY) for $4.80 a share in cash and stock or a total of about $277 million.
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US stocks retreat as tech shares weigh

U.S. stocks turned lower on Monday, led by declines from technology and consumer-discretionary companies as oil prices remained near $105-a-barrel amid ongoing political tensions in Libya
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Gold climbs to record as Mideast violence flares

Gold climbed to a record high above $1,440 an ounce on Monday as the threat of violence spreading in the Middle East and North Africa pushed oil prices to 2-1/2 year highs and burnished the metal's safe-haven appeal.
Iraq’s largest oil refinery, Baiji

Iraq stocks surge on strong pent-up demand

Pent-up demand has resulted in a surge in Iraqi stocks due to political gains and lifting of UN sanctions, says investment management company Global Capital Investments.
AOL

AOL Closes Acquisition of Huffington Post

AOL Inc. (NYSE: AOL) said it has closed its acquisition of news and opinion site The Huffington Post, creating a premier content network with local, national and international reach.
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Any Export in Storm -- Potential for LNG Exports

U.S. Federal Energy Regulatory Commission (FERC) has exclusive authority under the Natural Gas Act to authorize the siting of facilities for imports or exports of liquefied natural gas (LNG), according to FBR Capital Markets.
Altera Corp.

Altera Shares Hit New High

Shares of Altera Corp. (NASDAQ: ALTR) touched a new 52-week high of $45 on Friday. The compay said March 1 that it still predicts first quarter sales to decline 1 percent to 5 percent sequentially.
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EXFO Shares Hit New High

Shares of EXFO Inc (NASDAQ: EXFO) touched a new 52-week high of $12.86 on Friday. The company said it extends its optical transport network testing capabilities to qualify 100G/40G Ethernet client services.
 BlackBerry 9700

RIM Marketing Chief to Leave in Six Months

Blackberry maker Research in Motion Ltd. (RIM) said its chief marketing officer Keith Pardy will be leaving in six months, just weeks ahead of its PlayBook tablet launch.
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Global Market overview 07/03/2011

U.S. stocks ended lower on Friday as a spike in oil prices (driven by deepening unrest in Libya) overshadowed a strong February jobs report.
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Union Drilling, Bronco Drilling Shares Hit New High

Shares of Union Drilling, Inc. (NASDAQ: UDRL) and Bronco Drilling Co. Inc. (NASDAQ: BRNC) touched a new 52-week high of $10.35 each on Friday. The onshore drillers reported a narrower loss for the fourth quarter on strong drilling activity.
Vertex Pharmaceuticals

Vertex Pharma Shares Hit New High Again

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) reported positive interim results on March 2 from a Phase 2 two-part study of 'telaprevir' combination therapy for treatment of hepatitis C virus and human immunodeficiency virus, also known as HCV-HIV co-infection. The shares of the drugmaker touched a new 52-week high of $51.10 on Friday.
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World Market Overview 07/03/2011

U.S. stocks ended lower on Friday as a spike in oil prices (driven by deepening unrest in Libya) overshadowed a strong February jobs report.

China coal output could reach 4 bln T by 2015 -Datong Coal

China could be producing as much as 4 billion tonnes of coal by 2015, up from an estimated 3.2 billion last year, the head of one of China's leading coal firms said on Friday.Wu Yongping, the chairman of Datong Coal Mine Group, the country's third biggest producer, said despite China's efforts to reduce its dependence on coal, the dirtiest of fossil fuels, it would continue to play a dominant role in China's energy mix.I can't see coal's position in China's energ...

Marc Chandler: In Defense of the US Dollar

After the financial crisis, US dollar-bashing has become en vogue. Marc Chandler, however, has emerged as a defender of the US dollar and “empire,” as he calls it.
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Gold Price Gains for 5th Week vs. Dollar, Buoyed by Liquidity

The Gold Price eased back for Dollar investors on Friday in London, but recovered one third of yesterday's sharp sell-off – and was heading higher for the fifth weekly gain in a row – as official data said US unemployment retreated to 8.9% last month.
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Gold rises towards $1,425/oz after U.S. payrolls

Gold rose toward $1,425 an ounce on Friday as U.S. February payrolls data supported expectations the Federal Reserve will hold off tightening monetary policy and as unrest in North Africa continued.
A PetSmart Store

PetSmart Stock Hits New High On Q4 Results

Shares of PetSmart, Inc. (NASDAQ: PETM) touched a new 52-week high of $43.39 on Thursday. The company reported a 20 percent growth in fourth quarter earnings on Tuesday, helped by more customer transactions and a strong holiday season.

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