GLOBAL MARKETS

Tesco Corp. Stock Hit New High On Q4 Results

IBTimes Logo
Shares of Tesco Corp. (NASDAQ: TESO) touched a new 52-week high of $18.72 on Tuesday. The company Thursday reported higher fourth quarter earnings on positive momentum across all of its product lines and expects a stronger 2011. The positive results was seen in trading of Tesco stock that had reached a new high for third day in a row.
More news
IBTimes Logo

Gold surges to record on Libya, political unrest

Spot gold rallied to a record of $1,432.10 an ounce, surpassing its previous record of $1,430.95 set on December 7, as chaos in Libya and political turmoil in the Arab world prompted safe-haven buying and soaring oil prices boosted bullion's inflation hedge appeal.
Gold bars are pictured at the Ginza Tanaka store during a photo opportunity in Tokyo

Gold and Silver at New Record Highs!

Gold jumped against a falling Dollar in London trade on Tuesday, touching $1,432.10 per ounce, one dollar above the all-time peak of 7th Dec. Silver marks a fresh all-time high at $34.44/oz, while Western stock markets fell and Brent crude oil rose towards new two-year highs.

Gold rapidly closes in on all-time high as dollar weakens drastically

Spot gold rose to a session peak at $1,421.35 an ounce and was up 0.6 percent at $1,419.66 an ounce by 1240 GMT. It rose 6 percent in February, its largest monthly rise since August, when the U.S. Federal Reserve first indicated that it would continue the massive money printing by monetizing government bonds.
IBTimes Logo

Tenet Healthcare Stock Hit New High On Q4 Results

Shares of Tenet Healthcare Corp. (THC) touched a new 52-week high of $7.27 on Monday. The company said Friday that its fourth quarter earnings more than tripled as patient visits improved signaling better consumer confidence.
Honda Fit

Honda, Subaru make best vehicles while Ford gains: report

Honda and Subaru still make the best vehicles overall, but Ford posted the largest gain in the past year, improving in its road-test and reliability scores, Consumer Reports said. Newer models such as the Flex SUV pumped up Ford's overall road-test score.

Qualcomm Stock Hit New High

Shares of Qualcomm Inc. (NASDAQ: QCOM) touched a new 52-week high of $59.80 on Monday, compared to its previous high of $59.43 on Feb. 18.
An online coupon sent via email from Groupon is pictured on a laptop screen in Los Angeles

Groupon enters China

U.S.-based discount coupon site Groupon.com has launched a group-buying site in China, called Gaopeng.com.
Vertex Pharmaceuticals

Vertex Pharma Stock Hit New High On Positive Cystic Fibrosis Study

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) announced positive results on Wednesday from a late-stage STRIVE study of its oral drug VX-770 for treatment of cystic fibrosis, a genetic disease that impairs the lung. The shares of the drugmaker touched a new 52-week high of $46.75 on Monday.
IBTimes Logo

HSBC shares fall to one-month low in biggest dive in a year

Hong Kong-listed shares of HSBC Holdings Plc fell more than 5 percent on Tuesday, the biggest single-day decline in almost a year after Europe's biggest bank cut its profitability target citing the cost of tougher banking regulations.
U.S. Stocks

China shares rise, HK struggles as HSBC weighs

Chinese shares rose on Tuesday on decent volume suggesting further strength ahead, while markets in Hong Kong struggled to hold gains under pressure from a near 5 percent slide in heavyweight HSBC.
IBTimes Logo

Gold in February with biggest monthly gain since August

Gold was little changed near $1,410 an ounce on Monday but notched its biggest monthly gain since August as chaos in Libya and rising tensions across the Middle East prompted investors to buy the metal as a safe haven. The US dollar lost its status and is at November lows.
Saudi Arabia

10 Mideast Stock Markets Pummeled by Unrest

The Middle East unrest has been bad for the global markets. The following are stock markets that have been pummeled by the Middle East revolts; unrest either happened there or is expected to happen in the future.
Zain

Sonatel's margins pressured by rivals, tax

Senegalese telecom operator Sonatel saw 2010 net profits slip as tougher competition nibbled at its margins and it was hit by a temporary tax surcharge on incoming traffic, the group said.
IBTimes Logo

Medicis Pharmaceutical Upgraded at RBC Capital

RBC Capital Markets upgraded its rating on shares of Medicis Pharmaceutical Corp. (NYSE: MRX) to outperform with above average risk from sector perform and increased its price target to $32 from $30.
IBTimes Logo

P&G Downgraded at BMO

BMO Capital Markets has downgraded shares of FMCG giant Procter & Gamble to market perform from outperform, saying that the earnings growth in the second half will be slower than its expectations.

Stocks open higher in early trade, incomes jump

US stocks opened higher in early trade on Monday, with S&P 500 Index gaining 7.54 points, or 0.57 percent, to trade at 1,326.97 at 09:55 a.m. EST. The Dow Jones Industrial Average is up 76.82 points, or 0.63 percent, to trade at 12,207.27. The Nasdaq Composite Index rose 0.49 percent to trade at 2,795.40.
IBTimes Logo

Sunstone Hotel Investors Upgraded at RBC Capital

RBC Capital Markets upgraded its rating on shares of Sunstone Hotel Investors Inc. (NYSE: SHO) to "outperform" with above average risk from "sector perform" and increased price target to $14 from $11.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.