Archive for July 3rd, 2009

Reportlinker Adds China Concrete Machinery Industry Report, 2008-2009 (Business Wire)

NEW YORK—-Reportlinker.com announces that a new market research report is available in its catalogue.

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Chinese shares rise to new 1-year high (AP)

China’s shares edged up Friday to a new one-year high on optimism about a possible economic revival, with real estate and dairies up but banks and metals mixed.

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LDK Solar outlook falls below Wall Street view (AP)

LDK Solar Co., which makes wafers used in solar cells, said Thursday its second-quarter wafer shipments will top an earlier forecast, but sales will come in below Wall Street’s expectations.

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Business Highlights (AP)

Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy’s road to recovery will be bumpy.

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Bleak payrolls report mauls Wall St; volume thin (Reuters)

Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.

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Business events scheduled for the coming week (AP)

MONDAY, July 6 NEW YORK — The Institute for Supply Management releases its services sector index for June, 10 a.m. EDT.

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A. Schulman fiscal 3Q profit rises 5 percent (AP)

A. Schulman Inc., which makes plastic compounds and resins for consumer products and automotive markets, said Thursday its fiscal third-quarter profit rose 5 percent as cost controls offset sinking sales linked to the economic downturn.

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Elan, NRG Energy, Boeing are big movers (AP)

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE:

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J&J buys $1 billion Elan stake, gains Alzheimer’s R&D (Reuters)

Johnson & Johnson has agreed to pay $1 billion for an 18.4 percent stake in Irish drugmaker Elan Corp , and will acquire a major stake in Elan’s portfolio of experimental drugs to treat Alzheimer’s disease.

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Oil prices, one year after the record high (CNNMoney.com)

One year ago, on July 3, 2008, oil prices settled at a record high — a once-unthinkable $145.29 a barrel

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