Archive for July 14th, 2009

Housing Costs and Local Spending Top Concerns Among State of Washington’s Citizens (Business Wire)

LANSING, Mich.—-Washington State citizens rate management of local governments and economic health as driving concerns.

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Stock futures up after earnings, retail reports (AP)

Stock futures are mostly higher Tuesday following better-than-expected earnings reports from Johnson & Johnson and Goldman Sachs and upbeat reading on retail sales.

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World stock gains capped by US inflation worries (AP)

European stock markets and Wall Street futures traded higher Tuesday after strong earnings from investment bank Goldman Sachs Group Inc. and health care products maker Johnson & Johnson — but a surprising spike in U.S. producer price pressures capped the gains.

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Ahead of the Bell: VMware upgraded by Jefferies (AP)

Licensing revenue is holding up at VMware Inc. thanks to early contract renewals and pre-sales of new software, Jefferies & Co. said Tuesday as he upgraded the company.

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Ahead of the Bell: Managed Care (AP)

Despite multibillion dollar potential, Aetna Inc. and UnitedHealth Group Inc. will likely only benefit modestly from new military health insurance contracts, an analyst at Deutsche Bank-North America said Tuesday.

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Ahead of the Bell: Cinemark Holdings upgraded (AP)

Cinemark Holdings Inc.’s recent debt offering clears the way for a rollout of digital projectors and 3-D technology, an analyst said as he upgraded the movie theater chain’s stock.

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Stock futures lose ground after retail sales data (Reuters)

Stock index futures briefly turned negative on Tuesday following a report that pointed to underlying weakness in consumer spending in June.

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Ahead of the Bell: Callaway Golf Co. (AP)

A KeyBanc Capital Markets analyst said Monday that Callaway Golf Co. appears poised for double-digit sales declines in the third quarter but still reiterated a “Buy” rating on the company.

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Ahead of the Bell: Caterpillar (AP)

Heavy equipment dealers believe the market will remain weak for the rest of the year with sales in western Europe down steeply, an analyst said Tuesday as he slashed his profit estimates for Caterpillar Inc.

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Ahead of the Bell: Callaway Golf (AP)

A KeyBanc Capital Markets analyst said Monday that Callaway Golf Co. appears poised for double-digit sales declines in the third quarter but still reiterated a “Buy” rating on the company.

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