Archive for January 29th, 2010

Research and Markets: Venezuela Pharmaceuticals and Healthcare Report Q1 2010 (Business Wire)

DUBLIN—-Research and Markets has announced the addition of the “Venezuela Pharmaceuticals and Healthcare Report Q1 2010″ report to their offering.

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Oil rises after GDP posts 5.7% increase (CNNMoney.com)

Oil prices gained Friday after a report showed that the U.S. economy grew last quarter at the fastest pace in over six years.

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Economy soars 5.7 percent, fastest in 6 years (Reuters)

The economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending.

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Rambus shares drop on larger 4Q loss (AP)

Memory chip company Rambus Inc. reported an 18 percent decline in revenue and bigger losses during the fourth quarter, though business appeared to pick up from earlier in the year.

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Newell shares down on Venezuela hit to ’10 profit (Reuters)

Newell Rubbermaid Inc posted a fourth-quarter profit on cost-cutting and lower raw materials prices, but the maker of Rubbermaid containers and Sharpie pens said the recent devaluation of Venezuela’s currency would hurt 2010 results, sending shares down 4 percent.

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Stocks advance after upbeat data (Reuters)

U.S. stocks advanced on Friday, sending major indexes up more than 1 percent, as reassuring reports on the fourth-quarter 2009 gross domestic product and January consumer sentiment rekindled the appetite for riskier assets.

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Honeywell sets low quarterly forecast, shares fall (Reuters)

Diversified U.S. manufacturer Honeywell International Inc set a first-quarter profit target that fell short of analysts’ forecasts and its shares fell 4 percent.

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Arch Coal’s 4Q earnings plunge, shares fall (AP)

Arch Coal Inc. cited nagging softness in coal demand from power plants and steelmakers for lower than expected earnings in the fourth quarter, but the miner insisted the industry was poised for a rebound this year.

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Premarket roundup: Amazon.com, Robert Half (AP)

Among the premarket stories for Friday, Jan. 29, from AP Financial News: — Analysts applauded Amazon.com’s fourth-quarter earnings report, and several raised their price targets for the stock.

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Ahead of the Bell: Analysts like Amazon results (AP)

Analysts applauded Amazon.com’s fourth-quarter earnings report, and several raised their price targets for the stock. Shares of the Internet retailer rose $3.98, or 3.2 percent, at $130.01 in premarket trading Friday.

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