Archive for December 1st, 2009

Major business events scheduled for Wednesday (AP)

Major business events and economic events scheduled for Wednesday: WASHINGTON — Federal Reserve releases Beige Book, 2 p.m.

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Mattson shares up on big Samsung order (AP)

Shares of Mattson Technology Inc. rose Tuesday after an analyst upgraded the stock based on improving market demand and a big order coming from Samsung Electronics Co. Ltd., a major customer.

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Bed Bath & Beyond shares rise after report (AP)

Shares of Bed Bath & Beyond rose Tuesday after an analyst added the housewares retailer to its best ideas list and reiterated an “Outperform” rating.

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Stocks jumps as housing data, dollar help (Reuters)

U.S. stocks climbed on Tuesday as a weak dollar boosted natural resource companies’ shares and housing data reassured investors about the recovery.

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Protalix shares fall following Pfizer deal (AP)

Shares of Protalix BioTherapeutics Inc. fell Tuesday as a newly announced licensing deal with Pfizer Inc. appeared to dispel hopes of a buyout.

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Clearwire shares rise following new financing (AP)

Shares of Clearwire Corp. rose Tuesday after an analyst said the company’s path to growth seemed more certain following a round of financing that will give it the capital needed to grow its wireless data network.

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Helix shares rise on oil and gas discoveries (AP)

Shares of Helix Energy Solutions Group Inc. jumped on Tuesday a day after the oil services provider said a subsidiary made new oil and gas discoveries in the Gulf of Mexico.

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Shares rise in packaging sector on price increases (AP)

Shares of several packaging and containerboard companies rose Tuesday on price increases and the prospect of rising profit.

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Sector snap: Airline shares rise (AP)

Airline shares rose Tuesday, lifted by an analyst’s note saying investors have been overlooking the sector. Continental Airlines Inc. was expected to report a key revenue measure on Tuesday evening, and its shares were up 58 cents, or 4.1 percent, to $14.84 in afternoon trading.

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Tata Motors shares rise on analyst upgrade (AP)

U.S.-traded shares of India’s Tata Motors Inc. jumped on Tuesday on an analyst upgrade. On the New York Stock Exchange, Tata Motors rose $1.46, or 10.2 percent, to $15.78 in afternoon trading.

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