- The companies whose shares are moving in pre-market trade on Thursday are: Motorola Mobility, Fedex Corp, Nvidia, Nextera Energy, Amgen, Qualcomm, Sanmina-SCI, Sun Bancorp, THQ and Cypress Semiconductor.
Kids for Cash trial: Ciavarella found guilty of racketeering, tax fraud, cleared of extortion, bribery chargesThe trial of Mark Ciavarella, a former Pennsylvania judge who has been charged with racketeering, fraud, money laundering, extortion, bribery and federal tax violations, drew to a close on Friday with the jury returning a guilty verdict.
- The Kids for Cash trial resumed this week with former Pennsylvania Judge mark Ciavarella's attorneys trying to undermine the credibility of the prosecution witnesses and the accused vehemently claiming that though he has committed tax fraud, he never extorted money from others or took bribe in return for sending juveniles to a private detention center.
- Geopolitics around the Middle East continues to be the main driver for oil prices at the moment. With unrest in Iran, Algeria, Bahrain and Yemen over the last several days the concerns in the market over the potential interruption in oil flow has ratcheted up several notches. Unlike non oil exporting Egypt the contagion is now spreading to a part of the Middle East that could impact the flow of oil directly. Based on the EIA's latest Short Term Energy Outlook report Iran is producing 3.7 mill...
- The companies which are expected to see active trade on Tuesday are: FedEx, Marriot International, Dell, Analog Devices, Omnicom Group, CenturyLink, Host Hotels & Resorts and Watson Pharmaceuticals.
- Shipping giant FedEx slashed its third quarter profit forecast by 25 cents, blaming higher fuel prices and disruptions from winter storms in the U.S. and Europe.
- The trial of Mark A. Ciavarella Jr., a former Pennsylvania judge who has been charged with honest services fraud, wire fraud and tax evasion in connection with receiving $2.6 million in kickbacks from a private juvenile jail facility, resumes today and is grabbing national attention as the case highlights the dangerous gap in the juvenile justice systems of many states - children appearing in court without lawyers.
- Several U.S. companies, including Verizon and Macy's, posted higher revenues in 2010, but fired thousands of its workers.
- Stocks rose, likely boosted by a drop in jobless claims and an optimistic forecast by FedEx Corp. (NYSE: FDX), ahead of post-closing earnings reports from Research In Motion (Nasdaq: RIMM) and Oracle (Nasdaq: ORCL).