Archive for February 9th, 2010
Business Highlights (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
In public, Toyota is running apologetic TV ads and vowing to win back customers’ trust. Behind the scenes, the besieged carmaker is trying to learn all it can about congressional investigations, maybe even steer them if it can.
Wall St rises on reports of help for Greece (Reuters)
Posted by Bancherul.com in Finance News on February 9th, 2010
The Dow posted its largest one-day percentage gain in three months on Tuesday, boosted by reports of an aid plan for heavily indebted Greece.
Solar Capital shares drop in trading debut (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
Shares of investment company Solar Capital Ltd. dropped in its market debut Tuesday after it raised less money than it had hoped for in a weak market for IPOs.
NYSE Euronext returns to profit in 4th quarter (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
Trans-Atlantic stock exchange operator NYSE Euronext said Tuesday that it returned to profit in the fourth quarter as cost-cutting efforts helped offset a drop in revenue amid falling global share trading volumes.
Calendar of business events set for Wednesday (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
Major business events and economic events scheduled for Wednesday: WASHINGTON — Commerce Department releases international trade for December, 8:30 a.m.
Caterpillar upgraded to ‘Overweight,’ shares rise (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
Shares of Caterpillar climbed more than 5 percent Tuesday after an analyst upgraded the stock, saying the heavy equipment maker is well positioned to ride out the economic recovery.
Encore Capital shares surge on stronger 4Q earns (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
Shares of Encore Capital Group Inc. soared nearly 17 percent Tuesday after the debt collection firm reported better-than-expected fourth-quarter profit.
Parkway Properties shares plunge on dividend cut (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
Shares of Parkway Properties Inc. plunged Tuesday after the office property owner slashed its dividend. Late Monday, Parkway said it would reduce its annual dividend rate to 30 cents from $1.30.
Veeco Instruments turns profit in 4Q; shares jump (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
Shares of Veeco Instruments jumped almost 10 percent on Tuesday, a day after the maker of precision manufacturing equipment posted better-than-expected fourth-quarter profits.
Sector Snap: Railroads gain after upgrades (AP)
Posted by Bancherul.com in Finance News on February 9th, 2010
Railroad stocks advanced with the broader market Tuesday after a Stifel Nicolaus analyst upgraded two of the biggest North American names to “Buy,” citing their ability to grow earnings with even a gradual economic recovery.
