Archive for July 21st, 2009
Sector Snap: Coal shares fall on Peabody results (AP)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
Cache shares fall on weak 3rd-quarter guidance (AP)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
Sector Snap: Solar shares jump on China subsidies (AP)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
JPMorgan Chase CEO Dimon exercises 660,000 stock options (Reuters)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
JPMorgan Chase CEO Dimon exercises 660,000 stock options (Reuters)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
Caterpillar lifts outlook on signs of economic stability (Reuters)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
Sherwin-Williams shares fall after earnings report (AP)
Posted by Bancherul.com in Finance News on July 21st, 2009
Shares of Sherwin-Williams Co. dropped Tuesday after the paint maker said its same-store sales fell during the second quarter.
Wall Street slides on caution, Bernanke testimony (Reuters)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
AK Steel shares fall, profit-taking cited (AP)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
Barnes Group shares rise after analyst upgrade (AP)
Posted by Bancherul.com in Finance News on July 21st, 2009
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.
