ECONOMY & MARKETS

World Market Overview 04/07/2011

Traders work on the floor of the New York Stock Exchange
U.S. stock markets ended higher on Wednesday, led by gains from technology and banking sector stocks. Cisco Systems led gains in technology stocks after CEO John Chambers said in a memo to employees that the company has lost its way and will need to restore its credibility. Chambers suggested Cisco might change operations to narrow the company's focus.

Delta Air Lines Shares Hit New Low

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Shares of Delta Air Lines Inc. (NYSE: DAL) touched a new 52-week low of $9.31 on Wednesday. The company said its load factor for the month of March declined 4.5 percentage points to 79.7 percent from 84.2 percent last year.
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Traders work on the floor of the New York Stock Exchange

World Market Update 04/06/2011

U.S. stocks pared earlier gains as energy companies’ shares declined after a higher-than-expected increase in petroleum inventories and Monsanto Co. shares declined as its revenue fell short of expectations.
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US stocks pare gains; Monsanto weighs

U.S. stocks pared earlier gains as energy companies’ shares declined after a higher-than-expected increase in petroleum inventories and Monsanto Co. shares declined as its revenue fell short of expectations.
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American Superconductor Shares Hit New Low on Lost Shipments

Shares of American Superconductor Corp. (NASDAQ: AMSC) touched a new 52-week low of $12.54 on Wednesday morning, as it expects to post a fourth quarter loss mainly reflecting the refusal by one of its customers to accept contracted shipments.
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Cubist Pharma Shares Hit New High

Shares of Cubist Pharmaceuticals Inc. (CBST) touched a new 52-week high of $30.02 on Wednesday morning. Optimer Pharmaceuticals Inc. (OPTR) said it has entered an exclusive two-year co-promotion agreement with Cubist to market Dificid in the U.S.
Traders work on the floor of the New York Stock Exchange

US Stocks in Focus (ORCH, NUS, CLH, MSM, AMSC)

The companies whose shares are actively trading in Wednesday's morning session include Orchid Cellmark, MSC Industrial, Nu Skin Enterprises, Clean Harbors and American Superconductor.
John Chambers, CEO of Cisco Systems Inc.

Cisco CEO's Internal Memo To Employees [FULL TEXT]

Following is the full text of an internal memo sent by John Chambers, CEO of Cisco Systems (NASDAQ: CSCO) to the employees, where he talked about the company's execution issues, loss of credibility and making bold changes.
Broadcom CEO Scott McGregor stands in front of the company's logo in Taipei

Broadcom Upgraded at Oppenheimer

Oppenheimer has upgraded shares of Broadcom to outperform from perform citing strong growth profile, management's stated efforts to pursue profitable growth, a more disciplined operating expense and compensation strategy.
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Genpact paying $550 mln for Headstrong to expand in U.S.

Genpact Ltd (NYSE: G), the outsourcing company spun off from General Electric Co., has agreed to acquire privately-held IT services provider Headstrong Corp. for $550 million in cash to expand its operations in the United States.
Traders work on the floor of the New York Stock Exchange

Global Market Overview 04/06/2011

U.S. stocks ended mixed on Tuesday as weaker-than-expected ISM Services PMI report and hawkish Fed meeting minutes weighed on the sentiment.
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Questcor Pharma Shares Hit Life-Time High

Shares of Questcor Pharmaceuticals, Inc. (QCOR) touched a new life-time high of $18.50 on Tuesday. The company issued preliminary metrics for the first quarter, whereby it projects a 115 percent first quarter surge in sales of its main drug H.P. Acthar Gel that is used to treat certain disorders with an inflammatory component.
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World Market Overview 04/06/2011

The Australian share market closed higher for a sixth consecutive trading day with activity subdued after the Reserve Bank (RBA) left interest rates unchanged.

What moves the forex market?

The forex market is dominated by financial/speculative transactions rather than commercial transactions. Of financial transactions, it’s dominated by trades in currencies themselves rather than portfolio flows.

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