Solar products makers rise on tax credit optimism Shares of solar products makers rose Tuesday on improving prospects for a continuation of an investment tax credit that has encouraged investment in the industry. 13 May 2008
672.
Opening Glance: Construction, engineering open up Shares of construction and engineering companies opened higher after Fluor Corp. said its first-quarter profit soared 63 percent to $138 million, or $1.50 per share, after winning an array of new projects, particularly in the oil and gas sector. 13 May 2008
673.
Opening Glance: Electrical equipment shares mixed Shares of electrical equipment companies opened mixed on Tuesday as broader markets slipped following a Commerce Department report showing retail sales fell in April, fueling recession fears. 13 May 2008
674.
Ahead of the Bell: Caterpillar price target raised Goldman Sachs raised its price target on Caterpillar Inc. stock Tuesday in a wide-ranging analysis of the industrial and construction sectors. A team of Goldman analysts led by Terry Darling increased their price target on the Dow Jones industrial average component to $86 from $79. The new target implies he expects the stock to rise about 3 percent over Monday's $83.82 close. 13 May 2008
675.
TBS, some shareholders to sell 3.4 million shares TBS International Ltd., which owns and operates a fleet of drybulk carriers, and some shareholders said they will sell a total of 3.4 million shares of the company's common stock. 13 May 2008
676.
Kemet swings to loss on higher costs and charges Kemet Corp., which makes capacitors for electronics, said Tuesday it swung to a fiscal fourth-quarter loss, as special charges and higher costs countered a boost in revenue. 13 May 2008
677.
DynCorp names Ballhaus president, chief executive Defense contractor DynCorp International Inc. on Tuesday named William L. Ballhaus its new president and chief executive. He will join the company Monday. 13 May 2008
678.
Staples strengthens hostile bid for Corp. Express Corporate Express says it's willing to speak with Staples after the U.S. office supplies retailer strenthened its hostile bid. Staples Inc. boosted its offering price another 10 percent after its initial bid was rejected three months ago by Netherlands-based Corporate Express NV. 13 May 2008
679.
Canadian Solar sees 2Q revenue besting Street view Canadian Solar Inc., which makes solar cells, on Tuesday forecast second-quarter revenue well ahead of what analysts expect for the period. The company, which is incorporated in Canada and conducts all its manufacturing in China, forecast second-quarter revenue in a range of $185 million to $190 million. Analysts polled by Thomson Financial, on average, expect $167.6 million. 13 May 2008
680.
Eaton's new facility to lift backstop capacity Eaton Corp. said Tuesday a new $500 million revolving credit agreement will boost its commercial paper backstop capacity to $1.7 billion. The backstop capacity amount excludes remaining capacity under a previously announced revolving credit agreement, the diversified industrial manufacturer said. 13 May 2008
0.31%QQQQ 43.45 
0.48%XLF 21.74 
