Archive for August 7th, 2009

Markets advance on June payroll data, bank strength (Reuters)

U.S. stocks advanced on Friday after stronger-than-expected non-farm payroll data lifted investor optimism and pushed the S&P 500 to a 10-month high.

No Comments

Irish unemployment at 14-year high of 12.2 percent (AP)

Unemployment in recession-hit Ireland has risen to a 14-year high of 12.2 percent, the country’s Central Statistics Office reported Friday.

No Comments

Nevada renews push to poach businesses from Calif. (AP)

Talk about kicking a neighbor while he’s down: Nevada is spending $250,000 for an ad campaign that compares California legislators to talking chimps and tells business owners they can “kiss their assets goodbye” if they stay put.

No Comments

ResMed shares rise on 2Q profit boost (AP)

Shares of respiratory equipment maker ResMed Inc. rose Friday after the company reported a 53 percent boost in second-quarter profit, topping Wall Street expectations.

No Comments

Urban Outfitters shares rise on upgrade (AP)

Shares of Urban Outfitters rose Friday, after the company reported second-quarter sales slightly better than expected and an analyst upgraded the stock.

No Comments

Markets advance on June payroll data, bank strength (Reuters)

U.S. stocks advanced on Friday after stronger-than-expected non-farm payroll data lifted investor optimism and pushed the S&P 500 to a 10-month high.

No Comments

AIG shares jump after posting profit (Reuters)

AIG, the giant insurer bailed out by the U.S. government, posted its first profit in seven quarters on Friday, helped by large investment gains as financial markets improved, sending its shares up 18 percent.

No Comments

Chiquita shares soar on 2Q results (AP)

Shares of banana producer Chiquita Brands International Inc. soared on Friday following a better-than-expected second-quarter profit.

No Comments

PMI narrows 2Q loss; shares drop on mortgage woes (AP)

PMI Group Inc. on Friday reported a narrower second-quarter loss, but investors sent the stock tumbling as the worse-than-expected results showed its mortgage insurance business continues to suffer.

No Comments

U-Store-It Trust shares soar on financing progress (AP)

U-Store-It Trust shares soared Friday after the company reported successful fundraising and an analyst upgraded the stock as the public storage real estate investment trust’s second-quarter results beat Wall Street expectations.

No Comments