International Business News - Sector http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of independent energy companies sank on Thursday, along with the broader market and crude oil, just two months removed from a quarter where companies reported robust earnings. http://www.ibtimes.com/articles/20081204/sector-snap-independent-energy-sector-tumbles.htm Thu, 04 Dec 2008 16:41:42 EST A handful of business services companies saw shares retreat Thursday after a Goldman Sachs analyst downgraded their stocks, adjusting for slower technology spending from businesses as consumers pull back. http://www.ibtimes.com/articles/20081204/sector-snap-business-services-slide-on-downgrade.htm Thu, 04 Dec 2008 16:08:01 EST Airline shares rose Thursday as a drop in oil prices appeared to ease worries about how travel demand will hold up in a recession. The Amex Airline Index rose 1 percent to 20.52 points on a day when broader market fell. http://www.ibtimes.com/articles/20081204/sector-snap-airlines-rise-as-oil-falls.htm Thu, 04 Dec 2008 15:21:29 EST Shares of mortgage insurers mostly rose Thursday, as the Treasury Department weighs new plans to revive the sagging housing market, including potentially lowering mortgage rates. http://www.ibtimes.com/articles/20081204/sector-snap-mortgage-insurers-mostly-rise.htm Thu, 04 Dec 2008 15:13:15 EST Among the sector activity stories for Thursday, Dec. 4, from AP Financial News: NEW YORK (AP)--Homebuilder stocks continued to rally Thursday, after one of the largest builders reported stronger-than-expected quarterly sales and 30-year mortgage rates dropped to their lowest level since January. http://www.ibtimes.com/articles/20081204/sector-roundup-homebuilders-coal-companies.htm Thu, 04 Dec 2008 14:36:40 EST Homebuilder stocks continued to rally Thursday, after one of the largest builders reported stronger-than-expected quarterly sales and 30-year mortgage rates dropped to their lowest level since January. http://www.ibtimes.com/articles/20081204/sector-snap-toll-4q-mortgage-rates-lift-builders.htm Thu, 04 Dec 2008 13:15:50 EST Shares of coal companies fell on Thursday as steel companies, facing their own dissolving demand, pulled back orders, and analysts predicted near-future cutbacks in production and capital investment for the coal sector. http://www.ibtimes.com/articles/20081204/sector-snap-coal-sector-falls-on-weak-demand.htm Thu, 04 Dec 2008 12:13:46 EST Among the sector activity stories for Wednesday, Dec. 3, from AP Financial News: NEW YORK (AP)--Deteriorating conditions in the PC market in Asia are hurting companies that make computer chips, analysts said on Wednesday, on the same day research firm IDC said it expects U.S. computer shipments to decline next year because of the economic crisis. http://www.ibtimes.com/articles/20081203/sector-roundup-pc-makers-airlines.htm Wed, 03 Dec 2008 17:22:35 EST Deteriorating conditions in the PC market in Asia are hurting companies that make computer chips, analysts said on Wednesday, on the same day research firm IDC said it expects U.S. computer shipments to decline next year because of the economic crisis. http://www.ibtimes.com/articles/20081203/sector-snap-weak-pc-market-hurting-chip-companies.htm Wed, 03 Dec 2008 15:23:30 EST Airline shares recovered Wednesdat afternoon from a morning sell-off, with some posting modest price increases as oil prices stayed low. Oil prices settled at $46.79 a barrel, down 17 cents, on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20081203/sector-snap-airlines-recover-from-morning-drop.htm Wed, 03 Dec 2008 15:22:47 EST Among the sector activity stories for Wednesday, Dec. 3, from AP Financial News: NEW YORK (AP)--Stock exchange operators' shares were mixed Wednesday even as an analyst cut his estimates on CME Group Inc. and IntercontinentalExchange Inc. http://www.ibtimes.com/articles/20081203/sector-roundup-exchange-operators-homebuilders.htm Wed, 03 Dec 2008 15:21:01 EST Shares of some PC makers inched lower Wednesday as the broader market declined, after research firm IDC said it expects U.S. shipments of personal computers to drop nearly 3 percent in 2009. http://www.ibtimes.com/articles/20081203/sector-snap-among-pc-makers-dell-hp-inch-lower.htm Wed, 03 Dec 2008 14:35:21 EST Stock exchange operators' shares were mixed Wednesday even as an analyst cut his estimates on CME Group Inc. and IntercontinentalExchange Inc. William Blair & Co. analyst Mark Lane cut earnings estimates for both CME Group and ICE a day after CME said its November volume fell 29 percent while ICE's volume rose 9 percent. http://www.ibtimes.com/articles/20081203/sector-snap-exchange-operators.htm Wed, 03 Dec 2008 13:02:31 EST Homebuilder shares climbed Wednesday after a mortgage trade group said the number of home loan applications soared last week. Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey, though much of the activity came from refinancings. http://www.ibtimes.com/articles/20081203/sector-snap-homebuilder-stocks-up-on-trade-index.htm Wed, 03 Dec 2008 12:31:53 EST Toys sales are expected to pick up for the rest of the year during the holiday season, and an analyst said they might be among the best stocks to own in the leisure sector. http://www.ibtimes.com/articles/20081203/sector-snap-toy-makers.htm Wed, 03 Dec 2008 11:42:36 EST Steel company shares slid Wednesday morning, a day after U.S. Steel Corp.--the largest U.S.-based steelmaker--said it will temporarily idle three plants and lay off 3,500 union and nonunion workers in its latest bid to cut production amid falling demand for steel products. http://www.ibtimes.com/articles/20081203/steel-shares-drop-amid-continuing-market-weakness.htm Wed, 03 Dec 2008 11:04:46 EST Shares of refiners were mixed on Tuesday as oil slid to a new year-low and an analyst downgraded the entire sector. In electronic trading on Tuesday crude oil prices fell to a new low of $46.82. Crude prices have tumbled since mid-summer record highs, shedding more than two-thirds of its value. http://www.ibtimes.com/articles/20081202/sector-snap-refineries-mixed-as-market-rises.htm Tue, 02 Dec 2008 16:09:48 EST Most financial stocks advanced Tuesday, buoyed by news that the Federal Reserve plans to extend the life of key programs aimed at loosening the credit markets. http://www.ibtimes.com/articles/20081202/sector-wrap-financial-stocks-rally.htm Tue, 02 Dec 2008 15:16:50 EST Among the sector activity stories for Tuesday, Dec. 2, from AP Financial News: NEW YORK (AP)--Analysts on Tuesday said they expect apparel retailers' November same-store sales to continue to be dismal, as consumers cut back on more discretionary items such as clothing amid a recession. http://www.ibtimes.com/articles/20081202/sector-roundup-retailers-airlines.htm Tue, 02 Dec 2008 14:19:59 EST Analysts on Tuesday said they expect apparel retailers' November same-store sales to continue to be dismal, as consumers cut back on more discretionary items such as clothing amid an economic recession. http://www.ibtimes.com/articles/20081202/sector-snap-november-same-store-sales.htm Tue, 02 Dec 2008 13:39:25 EST