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Daily Dividend Report: PM, CVS, TGT, APA, SWY
11 Mar 2010 at 4:08pm
This morning, Philip Morris International (PM) declared its quarterly dividend of 58 cents per share, maintaining the amount paid last quarter. Based on the current stock price, investors can expect a yield of about 4.7% going forward.
Sector Wrap: Technology, Energy, Financials
11 Mar 2010 at 3:58pm
The broader indices have traded in a tight range all week as there has been little corporate or economic data to move the major averages. On the week, the Dow is trading flat, the S&P 500 is trading up one half of one percent and the Nasdaq has gained the most, up 1.3% so far.
Thursday's ETF Movers: ROB, IIH
11 Mar 2010 at 3:22pm
In midday trading Thursday, the Claymore Luxury Goods ETF (ROB) is outperforming other ETFs, up about 1.4% on the day. Components of that ETF showing particular strength include shares of Orient-express Hotels Limited (OEH), up about 3.8% and shares of Luxottica Group (LUX), up about 1.4% on the day.
Thursday Midday Sector Leaders: Communication Services, Railroads
11 Mar 2010 at 3:12pm
In midday trading Thursday, Communication Services shares were relative leaders, up on the day by about 1%. Leading the group were shares of Terrestar (TSTR), up about 22.8% and shares of GeoEye (GEOY) up about 16.9% on the day.
Thursday Midday Sector Laggards: Air Services, Luxury Goods
11 Mar 2010 at 3:02pm
In midday trading Thursday, Air Services shares were relative laggards, down on the day by about 2.3%. Helping drag down the group were shares of Transat (TRZ.
Financial Firms Shopping For Deals
11 Mar 2010 at 2:42pm
After Barclays announced yesterday that it was looking to acquire a US regional bank, investors saw shares of Fifth Third (FITB), SunTrust (STI) and Regions Financial (RF) post sizable gains. Today, however, asset management firms will have the spotlight.
Today's Big Gainers: SNV, ES, GEOY, EPL
11 Mar 2010 at 2:32pm
Synovus (SNV) Chairman and Chief Executive Officer Richard Anthony is presenting at Citis (C) 2010 Financial Services Conference today. The company, which has received TARP funds, hopes to become profitable this year.
Today's Big Losers: CNK, CSR, WG
11 Mar 2010 at 2:12pm
Cinemark Holdings (CNK), announced the completion of the Digital Cinema Implementation Partners financing transactions, which are expected to cover the cost of conversion for a large portion of the Companys US screens. The company said their immediate focus will be on 3D deployments Following the 3D roll-out, they will begin the full digital conversion of theatres.
Crude Trades In A Tight Range
11 Mar 2010 at 1:58pm
03/11/10 Front month crude prices remained steady following a clash between weak jobless claims data, low inventories, and a trade balance improvement.
BMW's February Sales
11 Mar 2010 at 1:56pm
03/11/10 BMW AG announced that its February sales figures
Greek unrest continues
11 Mar 2010 at 1:52pm
Greek tourism minister says things will be back to normal by the summer while protests against austerity measures turn violent.
Business Update: Global air lift
11 Mar 2010 at 1:28pm
A global airline industry association cut its full-year lost projections in half as demand rebounds faster than anticipated.
Market Movers: SNV, CNK, ZLC, JTX, DPS, BBBY
11 Mar 2010 at 1:14pm
03/11/10 The latest news and information on U.S. stocks that are moving the market.
Weak Jobless Claims Figures Lead To Dollar Decline
11 Mar 2010 at 1:12pm
03/11/10 Investors have steered clear of the US dollar this session following weak US jobless claims figures.
Saving Big on Spring Break
11 Mar 2010 at 12:44pm
If you're planning a spring break trip, or know someone who is, these tips can save tons of cash.
Downgrades: YHOO, BBBY
11 Mar 2010 at 12:38pm
This morning, Benchmark downgraded shares of Yahoo! (YHOO) from Buy to Hold calling the stock a value trap. While shares could appear attractive at these levels, the firm warns that further losses in market share to Google and Microsoft could make the stock overvalued.
Upgrades: UNM, BA, VECO
11 Mar 2010 at 12:22pm
This morning, Goldman Sachs initiated coverage on shares of the Unum Group (UNM) with a Buy rating. The firm believes Unum is well positioned in the sector for long term growth and as an added value to shareholders, Goldman believes a buyback program could be announced soon.
Exxon Mobil Announces Capex Plans for 2010
11 Mar 2010 at 12:18pm
Exxon Mobil (XOM) revealed its capital expenditures plans for 2010. In an analyst meeting, the oil giant said it will spend about $27 billion in 2010 on capital projects, $1 billion more than it spent in 2009.
Smithfield Swings to a Profit
11 Mar 2010 at 12:02pm
Smithfield Foods (SFD) swung to a profit for a third quarter, as the company fought back from a loss due to a weak economy and high feed costs. Smithfield earned $37.3 million, or 22 cents per share, as compared to a loss of $105.7 million, or 74 cents per share, in the same quarter last year.
Sony Unveils Motion-Control System for PlayStation
11 Mar 2010 at 11:52am
Sony (SNE) has unveiled a new video game control system that allows players to play games with their body movements, called PlayStation Move. The new control system which challenges Nintendos motion-controlled Wii will be available later in the year.
ING Downgrades ArcelorMittal
11 Mar 2010 at 11:48am
There is another call on the steel sector for ING this morning. ING downgraded ArcelorMittal (MT) stock from Buy to Hold today, ING said it sees price increases on the horizon for raw materials iron ore and coking coal of as much as 35 percent.
Stocks to Watch: Gymboree, Men's Wearhouse
11 Mar 2010 at 11:32am
Keep an eye on retail stocks Gymboree (GYMB) and Mens Wearhouse (MW) today, after both announced earnings last night that could impact their trade today. Childrens clothing retailer Gymboree announced an earnings increase of 13 percent in its fourth quarter, to $33.2 million, or $1.11 per share.
FuelCell Shares Trade Higher on New Subcontract
11 Mar 2010 at 11:22am
FuelCell Energy (FCEL) shares are trading higher Thursday after the company announced late yesterday it won a $2.1 million subcontract from Air Products (APD). FuelCell will incorporate its clean energy technology into a hydrogen fueling station that Air Products is developing.
Volkswagen bullish for 2010
11 Mar 2010 at 11:18am
Despite confirming anticipated company losses for last year, Volkswagen says it will keep up the pace as it plans to chase Toyota's tail.
Carlos Slim Tops Forbes Billionaire List
11 Mar 2010 at 11:02am
Carlos Slim Helu has toppled Bill Gates from the head of the Forbes annual billionaire rankings. Slim, whose fortune is based in the Mexican telecom industry, is worth $53.5 billion, an increase of $18.5 billion over last years rankings.
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