GLOBAL MARKETS

Portugal Bailout is Coming

Portugal will need a bailout, said outgoing Finance Minister Fernando Teixeira dos Santos to Jornal de Negocios, a Portuguese business publication.

World Market Update 04/06/2011

Traders work on the floor of the New York Stock Exchange
U.S. stocks pared earlier gains as energy companies’ shares declined after a higher-than-expected increase in petroleum inventories and Monsanto Co. shares declined as its revenue fell short of expectations.
IBTimes Logo

US stocks pare gains; Monsanto weighs

U.S. stocks pared earlier gains as energy companies’ shares declined after a higher-than-expected increase in petroleum inventories and Monsanto Co. shares declined as its revenue fell short of expectations.
More news
Traders work on the floor of the New York Stock Exchange

US Stocks in Focus (ORCH, NUS, CLH, MSM, AMSC)

The companies whose shares are actively trading in Wednesday's morning session include Orchid Cellmark, MSC Industrial, Nu Skin Enterprises, Clean Harbors and American Superconductor.
John Chambers, CEO of Cisco Systems Inc.

Cisco CEO's Internal Memo To Employees [FULL TEXT]

Following is the full text of an internal memo sent by John Chambers, CEO of Cisco Systems (NASDAQ: CSCO) to the employees, where he talked about the company's execution issues, loss of credibility and making bold changes.
Broadcom CEO Scott McGregor stands in front of the company's logo in Taipei

Broadcom Upgraded at Oppenheimer

Oppenheimer has upgraded shares of Broadcom to outperform from perform citing strong growth profile, management's stated efforts to pursue profitable growth, a more disciplined operating expense and compensation strategy.
IBTimes Logo

Genpact paying $550 mln for Headstrong to expand in U.S.

Genpact Ltd (NYSE: G), the outsourcing company spun off from General Electric Co., has agreed to acquire privately-held IT services provider Headstrong Corp. for $550 million in cash to expand its operations in the United States.
Traders work on the floor of the New York Stock Exchange

Global Market Overview 04/06/2011

U.S. stocks ended mixed on Tuesday as weaker-than-expected ISM Services PMI report and hawkish Fed meeting minutes weighed on the sentiment.
IBTimes Logo

Questcor Pharma Shares Hit Life-Time High

Shares of Questcor Pharmaceuticals, Inc. (QCOR) touched a new life-time high of $18.50 on Tuesday. The company issued preliminary metrics for the first quarter, whereby it projects a 115 percent first quarter surge in sales of its main drug H.P. Acthar Gel that is used to treat certain disorders with an inflammatory component.
Follow

World Market Overview 04/06/2011

The Australian share market closed higher for a sixth consecutive trading day with activity subdued after the Reserve Bank (RBA) left interest rates unchanged.

What moves the forex market?

The forex market is dominated by financial/speculative transactions rather than commercial transactions. Of financial transactions, it’s dominated by trades in currencies themselves rather than portfolio flows.
Traders work on the floor of the New York Stock Exchange

US stocks slightly lower in early trade

U.S. stocks slightly declined in early trade on Tuesday as investors await the release of the minutes of the latest Federal Reserve Open Market Committee (FOMC) meeting.
IBTimes Logo

Calix Shares to Sell Off Modestly on Tuesday: Analyst

Jefferies & Co. expects that shares of Calix, Inc. (NYSE: CALX) will sell off modestly on Tuesday as investors contemplate another round of very conservative guidance from the company. The brokerage reiterated its buy rating on shares of Calix, while increasing its price target to $24.50 from $16.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.