Archive for August 13th, 2009

Major business events scheduled for Friday (AP)

Major business events and economic events scheduled for Friday: WASHINGTON — Labor Department releases Consumer Price Index for July, 8:30 a.m.

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U.S. food companies seek easier sugar quotas (Reuters)

Large U.S. food companies have been pushing the Obama administration to ease sugar import curbs, citing forecasts for unprecedented sugar shortages that could result in higher retail prices and possible job losses.

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NetEase shares sink after 2Q report (AP)

U.S.-traded shares of NetEase.com Inc. fell Thursday after the Chinese online gaming company reported second-quarter results ahead of analyst expectations but indicated a boost came from the recognition of revenue related to the cleanup of dormant user accounts.

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Wall Street edges up, Wal-Mart offsets data (Reuters)

Stocks rose slightly on Thursday as better-than-expected earnings by Wal-Mart Stores Inc helped offset gloomy government numbers on retail sales and jobs.

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BofA shares jump after exec, hedge fund buy shares (AP)

Shares of Bank of America shot up Thursday as a new executive at the bank, as well as a prominent hedge-fund manager, decided to place big bets on the company by buying up blocks of shares.

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Business events scheduled for the coming week (AP)

MONDAY, Aug. 17 WASHINGTON — National Association of Home Builders releases housing market index for August, 1 p.m.; Treasury releases Treasury International Capital securities and banking data for June, 9 a.m.

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Sector Snap: Solar shares fall on dismal outlook (AP)

Shares of solar stocks tumbled Thursday on troubled second-quarter results, as analysts warned of a dismal near-term outlook.

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Movers roundup: Youbet.com, PerkinElmer (AP)

Shares of Youbet.com Inc. fell after the online horse racing and betting company reported its second-quarter earnings sank 28 percent — missing analyst expectations and providing another indication the gambling industry is still hurting from lower consumer spending during the recession.

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Major business events scheduled for Friday (AP)

Major business events and economic events scheduled for Friday: WASHINGTON — Labor Department releases Consumer Price Index for July, 8:30 a.m.

No Comments

Youbet.com shares fall after 2Q report (AP)

Shares of Youbet.com Inc. fell Thursday after the online horse racing and betting company reported its second-quarter earnings sank 28 percent — missing analyst expectations and providing another indication the gambling industry is still hurting from lower consumer spending during the recession.

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