Archive for December 2nd, 2009

Senator moves to block Bernanke confirmation (AP)

Irked by the Federal Reserve’s bailout of Wall Street, Sen. Bernie Sanders of Vermont said Wednesday that he will seek to block the Senate from confirming Ben Bernanke to a second term as chairman of the nation’s central bank.

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Synopsys fiscal 4Q profit drops, shares fall (AP)

Synopsys Inc. said Wednesday that its fiscal fourth-quarter profit sank as revenue declined and operating expenses rose. The maker of chip testing and development software also gave first-quarter and fiscal 2010 guidance that was lower than analysts expected.

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Aeropostale shares fall on 4Q outlook (AP)

Apparel retailer Aeropostale Inc. said Wednesday its profit rose 47 percent in the third quarter as sales climbed by a double-digit percentage. But shares tumbled after-hours as the company’s outlook disappointed Wall Street.

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Nasdaq rises with online retailers; Dow dips on oil (Reuters)

The Nasdaq rose on Wednesday as strong online holiday sales boosted shares of retailers, including Amazon.com , and relieved some concerns about the consumer.

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Nasdaq Stock Market delists 4 small companies (AP)

The Nasdaq Stock Market on Wednesday said it will delist the stocks of four small companies. Nasdaq will file the necessary paperwork with the Securities and Exchange Commission to complete the delistings, which will become effective 10 days later.

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Sector Snap: movie theater chain shares rise (AP)

Shares of movie theater chains rose Wednesday after a Raymond James analyst started coverage of several stocks with “strong buy” ratings.

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Business Highlights (AP)

Unemployment worsened or stayed the same in most metro areas in October, the Labor Department said Wednesday, as jobs remained scarce nationwide.

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Panel OKs key regulatory measure; House vote next (AP)

House Democrats cleared a crucial hurdle Wednesday in their drive to expand the government’s power over Wall Street even as black lawmakers warned that they would use their votes as leverage to secure more economic aid to African-American communities.

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Delta, Walgreen, Diedrich Coffee are big movers (AP)

The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

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G-III Apparel shares rise after 3Q report (AP)

G-III Apparel Group Inc. shares rose Wednesday after the apparel manufacturer posted a rise in its third-quarter profit, helped by demand for dresses and sports clothing, and lifted its profit and revenue outlook for fiscal 2010.

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