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1Ahead of the Bell: Steel Dynamics tumbles 1 Citation Shares of Steel Dynamics Inc. tumbled in premarket trading Thursday, a day after the steel producer slashed its first-quarter outlook to a loss due to falling demand. The stock retreated $1.54, or 18 percent, to $7.01 ahead of market open. The stock has traded in a 52-week range of $5.18 to $40.92. The Fort Wayne, Ind.-based company now projects a loss of 40 cents per share to 45 cents per shares as it makes inventory adjustments to reflect weak market conditions. Steel Dynamics (nasdaq: S, technorati.com
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Business confidence rises, but future scares India Inc. 1 Citation New Delhi, March 23 (IANS) While overall business confidence has improved this fiscal, corporates are not confident about the future, says the latest business confidence survey released Monday by the Federation of Indian Chambers of Commerce and Industry (FICCI). The FICCI Business Confidence Survey for the third quarter of 2008-09 said 64 percent of the 384 , technorati.com
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Wall Street: Ripe for a rally? 1 Citation NEW YORK (CNNMoney.com) -- With little in the way of earnings or market-moving economic news on tap this week, stocks will continue to take a cue from the financial sector as investors try to see if the latest levels can hold. There's been such a tremendous selloff in the financial sector and in some of the retailers, that at some point even traders who are betting on a weak market are going to want to get in, said Fred Dickson, chief market strategist at D.A. Davidson & Co. And the mi, technorati.com
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The market back in rally atempt 1 Citation Yesterday and today?s gains returned the stock market back to rally attempt. It still is attempting rally and it may fail as it happened couple times ago. It still is not the right time for buying new stocks, however this attempt may be the bottom bounce, which puts the market into the confirmed rally and we can start investing again. The market returned back above its support line today. If it sustains on that level and continues growing, we may be at the bottom finally and the worst thin, technorati.com
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Adu Dhabi Sovereign Fund Loses 400Million Dollars in Madoff Ponzi Scheme 1 Citation UAE investors went on a selling spree on Sunday as news of the world?s largest sovereign fund?s exposure to Bernard Madoff?s Ponzi scheme came to light and rumours of corruption scandals hitting the real estate sector and sparking the setting up of accountability body in Abu Dhabi did the rounds in the markets. ?Why is it is being established now, such questions are being asked and people are speculating and this does not help at all,? said head of equities, ING Investment Manageme, technorati.com
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1 Citation Obama faces a tough job MSN Money Latest Articles Mon, 01/19/2009 - 12:00 Markets have been a mess for more than a year, and a weak market so far in January suggests there's more turmoil ahead. Obama could do no worse than making moves to limit new market bubbles., technorati.com
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Winners and Losers: Sealy - TheStreet.com 1 Citation Winners and Losers: Sealy TheStreet.com Shares of mattress maker Sealy(ZZ Quote - Cramer on ZZ - Stock Picks) were up 82.5% on Wednesday as the company announced it was cutting costs after a big drop in its quarterly profit. Mattress maker Sealy's shares soar on Q1 results Reuters Ahead of the Bell: Sealy cuts costs in weak market Forbes FOXBusiness - BusinessWeek - Wall Street Journal - Furniture Today all 37 news articles Read the original post: Winners and Losers: Sealy - TheStree, technorati.com
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Intel profit falls, beats the street 1 Citation Intel Corp. said Tuesday its first-quarter profit dropped 55% amid a weak market for personal computers, but the world's largest chipmaker topped Wall Street's forecasts for earnings and revenue., technorati.com
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HK April business contraction slowest in 7 mths-PMI 1 Citation HONG KONG, May 4 (Reuters) - Private business activity in Hong Kong continued to shrink in April for a 10th successive month on sluggish global demand, although the decline was the slowest since September, a purchasing managers' survey showed on Monday. The Hong Kong purchasing managers' index (PMI) in April remained well below 50, which means business activity continued to contract, although the index edged up to a seasonally adjusted 44.3 from 42.7 in March. HK detects no new case of infl, technorati.com
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Neo Solar Power?s Long-term Rating Cut on Weakened Profitability 1 Citation Neo Solar Power?s Long-term Rating Cut on Weakened Profitability Taiwan Ratings Corp. recently lowered its long-term corporate credit rating on Neo Solar Power Corp. (NSP) to `twB+` from `twBB-`, as well as lowering the issue rating on NSP`s US$50 million unsecured Euro convertible corporate bond to `twB` from `twB+`. The outlook on the ratings is stable. The , technorati.com
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