Japan Stocks Soared On Stronger Japanese GDP and Asian markets
Tokyo stocks closed sharply higher Wednesday on rises in Asian stock markets and stronger-than-expected Japanese economic growth data.
XTO to buy Hunt Petroleum for $4.2 bln
XTO Energy Inc, the natural gas producer, said on Tuesday it has agreed to acquire privately held Hunt Petroleum Corp for about $4.2 billion.
Dollar steady versus Euro after Bernanke comments.
The dollar was steady against the yen on Tuesday after Federal Reserve chief Ben Bernanke said risks to the U.S. economy had decreased and signaled a willingness to fight inflation.
Fitch downgrades MGIC Investment, PMI ratings on Poor Underwritings
Fitch Ratings downgraded MGIC Investment Corp and PMI Group on Thursday, citing the stressful mortgage environment, and has become more pessimistic on its outlook for the mortgage insurance sector.
Fed OKs Bank of America Takeover of Countrywide
US banking giant, Bank of America, is free to take over the country's biggest mortgage lender, Countrywide Financial after gaining the Federal Reserve's approval.
Copper Recovers as Dollar Slides, Demand Outlook Weakens
Copper futures recovered earlier losses on Thursday as the dollar fell and demand for metals rose to compensate for inflation.
Wal-Mart's Sam's Club Test Store for Small Business
Wal-Mart's Sam's Club is going to open a business center focused solely to serve its small business customers, the company's executives said on Thursday.
PRECIOUS METALS: Gold Drops as Dollar Gains, Losing Over $21 in Three Sessions
Gold futures fell to its lowest level in three weeks on Thursday; dropping more than $21 an ounce, on speculation the U.S. will increase interest rates in order to protect the dollar which dampened the demand for the precious metal as an alternative investment.
Take-Two Soars on Stronger 'Grand Theft' Sales
Take-Two Interactive Software Inc. reported Thursday its first profit in more than two years and beat Wall Street's expectations as revenue doubled on stronger sales of its popular Grand Theft Auto IV.
Ford Shakes Up Management Positions
Ford Motor Co. said Thursday it will cut salaried employee costs by 15 percent by August 1 and some people will loose their jobs.
Natural Gas Weekly Update - Jun 5
Spot gas at most market locations (outside the Rocky Mountain Region) traded above $10 per million Btu (MMBtu) this report week (Wednesday-Wednesday), with many points registering prices in excess of $12 per MMBtu.
Crude oil jumps more than 4 pct as dollar falls on ECB chief's comments
Crude oil futures climbed on Thursday as the dollar fell on speculation that the European Central Bank may raise interest rates next month, pressured by inflation.
Novartis Osteoporosis' drug gets new FDA approval
Novartis AG said Thursday the U.S. Food and Drug Administration approved the osteoporosis drug Reclast which prevent new fractures in patients following a hip fracture.
Wal-Mart, Costco Beat Same-Store Sales Estimates on Gasoline, Food
Wal-Mart Stores Inc., the world's largest retailer, and Costco Wholesale Corp. reported a better-than-expected rise in May sales s record gasoline and food prices led shoppers to prefer discount chains.
U.S. Stocks Surge on Stronger Retail Sales, Jobless Claims
U.S. stocks gained on Thursday, with all three indexes gaining at least 1 percent as May sales at Wal-Mart Stores Inc. and Costco Wholesale Corp. beat analysts' estimates while jobless claims fell, boosting expectations that consumer spending will increase the retailers profits.
Continental Slashes Capacity, Eliminates 3,000 Jobs
Continental Airlines said Thursday it will cut 3,000 jobs, or 6.7 percent of its 45,000 employees; retire 67 mainline aircraft; and reduce mainline flights because of soaring fuel costs, making it the second major airline this week to announce cutbacks.
Martek Biosciences 2Q profit surpasses forecasts
Martek Biosciences Corp. said on Wednesday its second quarter net income was $9.2 million or 28 cents a share, surpassing analysts forecasts.
Sequenom shares jump nearly 22 pct on efficient Down syndrome test
Sequenom Inc. provider of genetic analysis and services said on Wednesday that its device to detect Down syndrome in a prenatal stage, showed no margin of error when tested in 200 samples and sent its shares up over 20 percent.
ADC Telecommunications 2Q Profit Drops on Higher Costs
ADC Telecommunications said late Wednesday its fiscal second-quarter profit declined, citing a surge in expenses but offered a rosier outlook for the year.
Staples Unit to Acquire More Corporate Express Shares
U.S. office supplies giant Staples Inc. said late Wednesday that its subsidiary Staples Acquisition B.V. has entered into agreements to buy an additional 12.3 percent of Corporate Express NV's shares in its hostile bid for the Dutch office products company.
U.S. Stocks Mixed on Credit Woes
U.S. stocks were mixed Wednesday afternoon after Moody's said it may be forced to downgrade the credit ratings on MBIA Inc and Ambac Financial.
United to Close Ted Unit, Ground More Planes, Slash Jobs
UAL Corp.'s United Airlines, the world's second-largest carrier, said Wednesday it will shut its low-fare Ted airline, ground 100 fuel-inefficient planes and cut 1,400 to 1,600 salaried management jobs to help counter record fuel costs.
Softbank, Telefonica ink deals to sell Apple iPhone in Japan, Spain
Softbank Mobile Corp. and Telefonica SA announced on Wednesday they have reached deals to sell the Apple iPhone device later this year in Japan and Spain respectively.
American Express affirms earnings forecast, shares rise
American Express Co. on Wednesday affirmed its full-year profit, sending its shares up nearly three percent.
Yahoo wins exclusive ad deal with Wal-Mart
Yahoo announced on Wednesday it has made an exclusive display advertising deal with Walmart.com.
Boston Scientific Extends CEO's Tenure
Boston Scientific Corp. said on Tuesday that its president and chief executive officer Jim Tobin will be extending his tenure at the company and the he plans to remain in the role for the foreseeable future.
Guess jumps on higher earnings forecast
Guess Inc, the apparel and accessories retailer, jumped nearly 7 percent on Tuesday after reporting better than expected first quarter earnings on strong Europe and Asia sales while boosting its full-year earnings outlook.
GM, Toyota, Ford, Chrysler May sales fall but Honda Jumps
Amid soaring crude oil prices and weak demand, General Motors, Toyota, Ford, and Chrysler reported declining sales in May but Honda sales jumped.
HLTH sells ViPS Segment for $225 mln to General Dynamics
HLTH Corp., a provider of health information services, said Tuesday that it agreed to sell its ViPS segment to General Dynamics Information Technology, Inc., a wholly-owned subsidiary of General Dynamics Corporation (NYSE:GD) for $225 million in cash.
Borders Group slashes 274 jobs to save $120 million a year
Borders Group Inc. said on Tuesday it will slash 274 jobs which represent 20 percent of its corporate positions in an attempt to save $120 million a year.