Archive for July 21st, 2009

Sector Snap: Coal shares fall on Peabody results (AP)

Shares of coal companies tumbled on Tuesday following bleak second-quarter results and disappointing production guidance by one of the world’s largest coal producers.

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Cache shares fall on weak 3rd-quarter guidance (AP)

Shares of Cache Inc. fell on Tuesday, after the apparel retailer said it expects a wider third-quarter loss than Wall Street amid continued weak demand for its merchandise.

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Sector Snap: Solar shares jump on China subsidies (AP)

Solar stocks jumped Tuesday on news that the Chinese government will dole out significant subsidies for solar projects. The Golden Sun solar-subsidy program will fund 50 percent of the total investment for on-grid projects and 70 percent of the total investment for off-grid projects in remote areas, according to China’s Ministry of Finance.

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JPMorgan Chase CEO Dimon exercises 660,000 stock options (Reuters)

According to a U.S. Securities and Exchange Commission filing, JPMorgan Chase & Co CEO Jamie Dimon exercises 660,000 stock options, exercise price is $29.96 per share.

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JPMorgan Chase CEO Dimon exercises 660,000 stock options (Reuters)

According to a U.S. Securities and Exchange Commission filing, JPMorgan Chase & Co’s CEO Jamie Dimon exercises 660,000 stock options, exercise price is $29.96 per share.

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Caterpillar lifts outlook on signs of economic stability (Reuters)

U.S. machinery maker Caterpillar Inc posted stronger-than-expected second-quarter earnings and raised its full-year outlook, citing signs of global economic stability, sending its shares up as much as 13 percent.

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Sherwin-Williams shares fall after earnings report (AP)

Shares of Sherwin-Williams Co. dropped Tuesday after the paint maker said its same-store sales fell during the second quarter.

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Wall Street slides on caution, Bernanke testimony (Reuters)

U.S. stocks slid on Tuesday, retreating after initial, earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.

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AK Steel shares fall, profit-taking cited (AP)

Shares of AK Steel Holding Corp. fell Tuesday after the company reported its third consecutive quarterly loss, though results were not as bad as analysts expected.

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Barnes Group shares rise after analyst upgrade (AP)

Barnes Group Inc. stock jumped Tuesday after an analyst upgraded the aerospace and industrial parts maker following a recent share price decline and expectations of strong free cash flow.

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