Archive for September 16th, 2009

Arkansas applies for $145M in fed funds for bypass (AP)

Arkansas transportation officials have submitted an application for federal money to help build the proposed Bella Vista bypass.

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Sector Snap: Analyst initiates lodging coverage (AP)

A Citi Investment Research analyst began coverage on several lodging companies Wednesday, saying the sector is gearing up for a recovery once demand picks up.

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Anheuser-Busch InBev lists "BUD" on NYSE (AP)

The “BUD” ticker is back. Anheuser-Busch InBev said starting Wednesday, the famed “BUD” ticker symbol is trading again on the New York Stock Exchange.

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S&P, Nasdaq jump 1 percent on economy, M&A (Reuters)

The S&P 500 and Nasdaq both jumped 1 percent on Wednesday as increased industrial production and a pickup in mergers and acquisitions reinforced hopes the economy was gaining speed.

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Warner Music Group shares jump after upgrade (AP)

Shares of Warner Music Group Corp. got a boost Wednesday after a Citi Investment Research analyst upgraded the recording company saying it has a “lot more breathing room” now that it has tapped capital markets for permanent financing.

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Verizon shares fall after UBS downgrade (AP)

Shares of Verizon Communications Inc. were down slightly Wednesday after a UBS analyst downgraded them from “Buy” to “Neutral,” saying margins are likely to be lower.

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Agco cuts 2009 guidance; shares fall (AP)

Shares of Agco Corp. fell Wednesday after the agricultural equipment company slashed its fiscal year profit and sales guidance, citing lower-than-expected sales and profits in Europe, Africa and the Middle East.

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Tempur Pedic shares rise on analyst upgrade (AP)

Tempur Pedic International Inc. could be one of the first mattress makers to recover from the downturn, said an analyst who upgraded the stock Wednesday.

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Premarket roundup: Whiting Petroleum, Citigroup (AP)

Shares of Whiting Petroleum Corp. rallied over the summer to a fair value, an analyst said on Wednesday as he downgraded the independent oil and gas company’s stock.

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Premarket roundup: Adobe, HCP (AP)

Adobe Systems Inc.’s purchase of Omniture Inc. should expand its customer base, but immediate gains in sales and cost savings gains will likely be minimal, analysts said Wednesday.

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