Opening Glance: Staffing stocks trade higher Shares of staffing companies rose slightly on Wednesday, while Wall Street wavered as the price of oil soared to a fresh high. Crude oil shot past $130 a barrel for the first time, which is of concern to investors, who understand that consumers are facing high gas prices, in addition to tightening credit. 21 May 2008
472.
Opening Glance: Machinery shares rise Shares of machinery companies rose in early trading Wednesday, as the overall market attempted to rebound from a big drop a day earlier and the price of crude oil briefly shot past $130 a barrel for the first time. 21 May 2008
473.
Opening Glance: Electrical equipment opens higher Shares of electrical equipment companies opened mostly higher as the broader market wobbled following oil's jump past $130 a barrel on the New York Mercantile Exchange. 21 May 2008
474.
Opening Glance: Construction, engineering climbs Shares of construction and engineering companies were mostly higher on Wednesday as the broader markets wavered following oil's jump past $130 a barrel. 21 May 2008
475.
Opening Glance: Aerospace stocks edge upward Aerospace and defense companies edged up in Wednesday morning trading, recovering from their losses a day earlier. The stocks came under pressure Tuesday as oil prices rose, and while those prices were still climbing early Wednesday, shares of most aerospace companies saw small gains. 21 May 2008
476.
Premarket roundup: DryShips, Time Warner Among the premarket stories for Wednesday, May 21, from AP Financial News: NEW YORK (AP) _ A Jefferies analyst reiterated his "Buy" rating on DryShips Inc., saying shares of the Greece-based bulk shipper are attractively priced after the company posted better-than-expected first-quarter earnings. 21 May 2008
477.
Out of the Gate: Solarfun soars on 1Q earns Shares of Solarfun Power Holdings Co. surged at market open Tuesday after the China-based solar cell maker said it swung to a first-quarter profit. The stock climbed $3.22, or 12.8 percent, to $28.46. 21 May 2008
478.
Boeing debuts new 777 twin-engine cargo plane Boeing Co. on Wednesday debuted its new 777 freighter, a twin-engine airplane that can carry 226,000 pounds of cargo with a range of 4,885 nautical miles. 21 May 2008
479.
Advanced Battery names Taylor Zhang as its CFO Chinese battery manufacturer Advanced Battery Technologies Inc. on Wednesday named Taylor Zhang as chief financial officer to succeed Sharon Tang. Zhang previously served as vice president of finance at China Natural Gas Inc. 21 May 2008
480.
Kelly Services names Patricia Little CFO Human resources company Kelly Services Inc. said Wednesday it named Patricia Little executive vice president and chief financial officer, replacing Michael Debs, who had been interim CFO since January. 21 May 2008