ECONOMY & MARKETS

U.S. Stocks

Stocks rise on Bin Laden Death

The dollar rebounded from three-year lows and U.S. crude slid more than 1 percent on Monday on the back of news that a U.S.-led operation killed Osama bin Laden in Pakistan.

Autodesk Profit Estimates, Price Target Raised by Jefferies

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Jefferies & Co. raised its price target on shares of Autodesk, Inc. (NASDAQ: ADSK) to $47 from $42, while maintaining its hold rating. The brokerage raised its fiscal 2012 EPS estimate for Autodesk to $1.73 on revenue of $2.21 billion from $1.62 on revenue of $2.156 billion, and its 2013 estimate to $2.08 on revenue of $2.474 billion from $1.93 on revenue of $2.381 billion.
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Traders work on the floor of the New York Stock Exchange

US stocks open lower after GDP, Jobless Claims

U.S. stocks declined in early trade on Thursday after government reports showed that US economic activity slowed significantly in the first quarter and applications for jobless benefits unexpectedly increased.
ABS flags retail sector turnaround in April

GDP growth slows to 1.8 percent in 2011 Q1

US GDP growth in 2011 first quarter slowed to an annual rate of 1.8 percent, compared to a rate of 3.1 percent in fourth quarter 2010 and 3.7 percent in first quarter 2010.
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World Market Overview 04/28/2011

The Australian share market closed lower amid concerns about a tough upcoming federal budget, strong local dollar and possible interest rate rises sparked by higher inflation figures.
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Cardiome Pharma Upgraded at RBC Capital

RBC Capital Markets upgraded its rating on shares of Cardiome Pharma Corp. (NASDAQ: CRME) (TSX: COM) to outperform from sector perform on recent weakness and upcoming catalysts, with a price target of $8.

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