Archive for December 29th, 2009

Zacks Analyst Blog Highlights: Bank of America, J.P. Morgan, Macy’s, J.C. Penney and Sinopec (Business Wire)

CHICAGO—-Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

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Stock futures point to extended Xmas rally (Reuters)

U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.16 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.15 percent at 4.10 a.m.

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Business Highlights (AP)

In-flight security rules have been eased after a two-day clampdown, airline officials familiar with the matter said Monday.

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Wall St edges up to ’09 highs as holiday sales help (Reuters)

U.S. stocks edged higher for a sixth straight day on Monday as data indicating improved consumer spending lifted shares of retailers, offsetting a drop in airline shares amid security worries.

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Fannie Mae, Cal-Maine Foods are big movers (AP)

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

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Pilgrim’s Pride exits bankruptcy under JBS deal (Reuters)

U.S. chicken producer Pilgrim’s Pride Corp said on Monday it has emerged from bankruptcy protection, just over a year after beginning the process.

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Air travel hassles worse after scare; shares dip (Reuters)

Frequent flyers grudgingly remove their shoes and keep liquids in tiny bottles to appease airport security, but measures imposed after a foiled Christmas Day terror plot could tempt frustrated travelers to find alternatives to commercial airlines, experts say.

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Actuate shares up, analyst upbeat on Xenos buyout (AP)

Business software maker Actuate Corp. jumped Monday after an analyst said Actuate’s takeover of Xenos Group Inc., another software company, should help it turn around declining revenue.

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Major business events scheduled for Tuesday (AP)

Major business events and economic events scheduled for Tuesday. All times are EST: NEW YORK — Standard & Poor’s/Case-Shiller releases its October index of home prices, 9 a.m.

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Fannie, Freddie shares up on bailout changes (AP)

Shares of mortgage giants Fannie Mae and Freddie Mac soared Monday after the Treasury Department removed limits on how much money it will spend to keep the companies operating.

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