Archive for December 11th, 2009

Stronger retail sales and sentiment boost stocks (AP)

Stocks mostly rose Friday on signs that consumers and businesses are feeling more confident about the economy. The Commerce Department said retail sales rose 1.3 percent in November, more than double the increase analysts had expected and better than the 1.1 percent rise in October.

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NCR shares jump after JP Morgan upgrade (AP)

Shares of NCR Corp. headed higher Friday after the maker of ATMs, checkout scanners and self-serve kiosks was upgraded by a JPMorgan analyst who predicted a revenue boost from Blockbuster kiosks the company makes.

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Dow, S&P up on retail consumer data; Nasdaq lags (Reuters)

The Dow and S&P 500 rose on Friday as a stronger-than-expected retail sales for November reinforced investors’ confidence in a steady recovery of the economy.

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Sector Snap: Retail shares rise after sales report (AP)

Shares of retailers rose on Friday, after the Commerce Department reported an unexpectedly encouraging November sales report.

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IMS Health stock falls, as data mining ban pitched (AP)

Shares of IMS Health Inc. tumbled Friday, a day after an amendment was introduced to the Senate health care overhaul bill that would effectively ban pharmaceutical data mining.

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Sector Snap: Airlines surge as oil keeps dropping (AP)

Airline stocks took off Friday as oil tumbled for the eighth straight day and stocks in the broader market climbed after a positive retail sales report.

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Christopher & Banks shares rise on outlook (AP)

Shares of Christopher and Banks Corp. jumped on Friday after the women’s apparel retailer issued a better-than-expected fiscal third-quarter outlook.

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Sonic Automotive shares up on analyst upgrade (AP)

Shares of auto retailer Sonic Automotive Inc. rose Friday after an analyst upgraded its rating on the stock over improvements in the company’s balance sheet.

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Ahead of the Bell: Kaufman upgrades Yahoo to ‘Buy’ (AP)

A Kaufman Bros. analyst on Friday upgraded Yahoo Inc. to “Buy,” from “Hold,” saying its fundamentals are improving and its search engine is doing better than suggested by a leading research firm.

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Global stocks and oil firmer as China, U.S. data reassures (Reuters)

World stocks extended gains and oil rebounded on Friday as upbeat data from China and the United States underscored an economic recovery, weighing on safe-haven government bonds and the low-yielding yen.

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