Archive for July 7th, 2009

Move into defensives helps lift Dow and S&P (Reuters)

The Dow industrials rose and the S&P 500 rebounded in late trading on Monday as investors’ concerns about the strength of an economic recovery triggered a move into defensive stocks.

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Sector Snap: Airlines fluctuate as oil falls (AP)

Airline stocks were mixed Monday, as oil fell to five-week lows but most carriers’ June traffic reports showed demand has yet to rebound.

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Sector Snap: Solar stocks face near-term weakness (AP)

The solar sector will likely outshine S&P 500 in the long run, but its near-term outlook is less attractive, said an analyst on Monday as he lowered price targets on a number of solar stocks.

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Singer’s luxe lifestyle aided by Wall Street firms (AP)

Music lovers weren’t the only ones drawn to the King of Pop. Wooed by his global fame and earning power, a bevy of financial firms ponied up tens of millions to finance the singer’s luxe lifestyle and kick-start his troubled career.

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Sector Snap: Refiners slip on crude, weak outlook (AP)

Shares of oil refiners slid Monday along with crude prices on growing concerns that a prolonged recession will continue to erode energy demand.

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Sector Snap: Drybulk shipping stocks sink (AP)

Drybulk shipping stocks fell Monday as the rates for the largest bulk ships fell, and fears surfaced that rates have more room to slide later in the year.

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Movers roundup: Blackbaud, Sprint Nextel (AP)

Shares of Blackbaud Inc. fell after an analyst downgraded the company, saying budget constraints among its nonprofit customers are hurting sales of its fundraising software.

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Băncile vor să dubleze numărul de bancomate

Numărul bancomatelor (ATM) operate de băncile româneşti s-ar putea dubla în următorii ani, urmând tendinţa din alte ţări europene şi utilizarea pe scară tot mai largă a cardurilor, spun bancherii. 
Astfel, în România există în prezent un bancomat la 2.100 de locuitori, faţă de o medie europeană de un ATM la 1.000 de locuitori. „Aceasta înseamnă că România ar mai avea nevoie de încă aproximativ 10.000 de ATM-uri, ce ar putea fi instalate pe parcursul următorilor 14 ani”, spune Igor Zganjer, director executiv al direcţiei de carduri din cadrul BCR.

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