Archive for August 19th, 2009

LaHood says car dealers will ‘get their money’ (AP)

Transportation Secretary Ray LaHood assured car dealers Wednesday that they will be reimbursed for the money they have fronted to customers buying cars under the Cash for Clunkers program, responding to complaints over a backlog of rebate payments.

No Comments

Consumers to benefit as credit card law debuts (Reuters)

U.S. consumers will see on Thursday the first signs of the biggest overhaul of the credit card industry in at least two decades, as companies will be forced to provide customers with more time to pay their bills and be required to give more warning of contractual changes.

No Comments

Cardiovascular Systems Reports Fiscal Fourth-Quarter and Full-Fiscal 2009 Financial Results (Business Wire)

ST. PAUL, Minn.—-Cardiovascular Systems, Inc. , a medical device company developing and commercializing innovative interventional treatment systems for vascular disease, today reported financial results for its fourth quarter and fiscal year ended June 30, 2009.

No Comments

HHS Issues Rule Requiring Individuals Be Notified of Breaches of Their Health Information (Business Wire)

WASHINGTON—-New regulations requiring health care providers, health plans, and other entities covered by the Health Insurance Portability and Accountability Act to notify individuals when their health information is breached were issued today by the U.S.

No Comments

Wall Street gains as oil lifts mood (Reuters)

Stocks rose on Wednesday, shaking off a slide in Chinese stocks, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.

No Comments

Palm shares fall after sour earnings prediction (AP)

Shares of Palm Inc. slipped Wednesday after a CL King analyst predicted the smart phone maker will miss profit forecasts for its next fiscal year.

No Comments

Southwest Airlines shares fall after downgrade (AP)

Southwest Airlines Co. shares fell Wednesday after an analyst downgraded the stock to “Sell,” saying the shares were overpriced because the carrier is profitable but not growing.

No Comments

Major business events scheduled for Thursday (AP)

No Comments

Cyberonics shares drop after downgrade to ‘Hold’ (AP)

Shares of medical device maker Cyberonics Inc. fell Wednesday after a Canaccord Adams analyst downgraded the company, saying a Belgian biopharmaceutial company’s new anti-seizure drug will slow Cyberonics’ patient growth and drag on sales growth.

No Comments

Sector Snap: Entertainment stocks rise on comments (AP)

Entertainment media stocks rose Wednesday with UBS suggesting investors are underestimating the potential for a rebound in advertising markets.

No Comments