Archive for December 19th, 2009

Business Highlights (AP)

The stock market broke a three-day slide as two big technology companies signaled that business was improving, raising hopes about business spending.

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Movers roundup: Zale, Potash (AP)

Shares of jewelry retailer Zale Corp. plunged as the company canceled orders and delayed payments to suppliers in a tough holiday season.

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Wall St gains in choppy trade; tech lifts Nasdaq (Reuters)

Stocks rose on Friday in choppy trade as quarterly results from Oracle and Research In Motion lifted the Nasdaq more than 1 percent, but the U.S. dollar’s climb curbed gains in both the Dow and the S&P 500.

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Morgan Stanley’s Mack forgoes bonus again (Reuters)

Morgan Stanley Chief Executive John Mack is forgoing a year-end bonus for the third straight year, he said in a memo obtained by Reuters, putting pressure on other Wall Street CEOs to follow suit.

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Carnival outlook disappoints, shares drop (Reuters)

Carnival Corp & Plc , the world’s largest cruise ship operator, reported a 48 percent drop in quarterly profit on Friday because of lower ticket prices, and shares fell 3 percent as it forecast profit for the current quarter below Wall Street estimates.

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Oil, dollar rise on Iran-Iraq tensions (Reuters)

Crude oil rose and the U.S. dollar gained in a safe-haven bid on Friday after Iranian soldiers crossed into Iraqi territory and took up positions in a disputed southern oilfield.

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Sector Snap: Tech shares up after strong earnings (AP)

Upbeat earnings reports helped lift technology stocks Friday, with Oracle Corp. signaling an uptick in corporate information technology spending and Research in Motion Ltd. reporting strong consumer demand for its BlackBerrys.

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NM bank has 180 days to retain Nasdaq compliance (AP)

First State Bancorporation of Albuquerque has been warned that it no longer meets the minimum $1 per share requirement to be listed on the Nasdaq Global Select Market.

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Micron Technology will move stock to Nasdaq (AP)

Micron Technology Inc. said Friday that it will move its stock from the New York Stock Exchange to the Nasdaq exchange effective Dec. 30.

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Premarket roundup: Take-Two, RIM (AP)

Among the premarket stories for Friday, Dec. 18, from AP Financial News: — Shares of Take-Two Interactive Software Inc. advanced ahead of regular trading after activist investor Carl Icahn reported buying up a stake of more than 11 percent in the video game maker.

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