Facebook to move into new HQ in Menlo Park
Social network giant, Facebook, has confirmed its plans on Tuesday to move its headquarters to Sun Microsystems' former campus in Menlo Park, California.
Stocks in Focus (CSCO, ALL, LGF, PEP, S, PM, WYNN, GT, KFT, NBL)
The companies which are expected to see active trade on Thursday are: Cisco Systems, Allstate Corp, Lions Gate Entertainment, PepsiCo, Sprint Nextel, Philip Morris International and Wynn Resorts.
Top After-Market NYSE Movers (ECA, ENS, LGF, FXCM, GT, TEX, TVL, ALL, CGA, CY)
The top after-market NYSE gainers on Wednesday are: Encana Corp, EnerSys, Lions Gate Entertainment, FXCM and Goodyear Tire & Rubber. The top after-market NYSE losers are: Terex, LIN TV, Allstate, China Green Agriculture and Cypress Sharpridge Investments.
Post-Market NASDAQ Movers (SCSS, WFMI, FLWS, SFSF, LCRY, IDIX, PACR, TQNT, AMKR, AKAM)
The top after-market NASDAQ stock market gainers are: Select Comfort, Whole Foods Market, 1-800-Flowers.com, SuccessFactors, and LeCroy. The top after-market NASDAQ stock market losers are: Idenix Pharmaceuticals, Pacer International, TriQuint Semiconductor, Amkor Technology, and Akamai Technologies.
More news
S.Africa's rand enjoys slight reprieve but stocks dip
South Africa's rand crept higher against the dollar on Wednesday, partly aided by a firmer price for gold, but remains one of the worst emerging market performers so far this year, as the central bank continues to accumulate foreign reserves.
Ghana inflation rises for first time in 19 months
Ghana's inflation rate jumped to 9.08 percent in January, the first increase in 19 months and due partly to a 30 percent rise in petrol prices, but analysts still expect the central bank to keep interest rates on hold next week.
S.Africa's Zuma to focus on cutting unemployment
South African President Jacob Zuma will use a major policy speech on Thursday to lay out his plans to create jobs in the regional economic power where unemployment has lingered at about 25 percent for years.
Africa warned of unrest if resource wealth not spread
Resource-rich African governments risk unrest if they hold back the benefits of soaring global commodity prices from their own people, delegates to a major mining conference were told on Wednesday.
US stocks decline on profit taking
U.S. stocks declined in early trade on Wednesday as investors preferred to take profits after the Dow Jones Industrial Average reached its highest level since June 2008 on Tuesday.
Consumers are borrowing again: is that a good thing?
Consumers have started to borrow again after 19 consecutive months of paying down their debt. Assuming this trend continues, what does it mean for the US economy?
Early market gainers on Feb. 9 (PLAB, DSW, ATML, RVI, BECN, BGC, BGC, RL, DIS)
The companies whose shares are gaining in early session on Wednesday are: Photronics, DSW, Atmel, Retail Ventures, Beacon Roofing, General Cable, Polo Ralph Lauren and Walt Disney.
US stocks open lower ahead of Bernanke Testimony
U.S. stocks opened modestly lower on Wednesday as investors await comments from Federal Reserve Chairman Ben Bernanke on the economic outlook and monetary policy.
Peak oil theory raised by Husseini of Saudi Arabia: Wikileaks
The issue of peak oil was raised by Sadad al Husseini, a former top official at Aramco, Saudi Arabia's oil monopoly, in conversations with US officials, according to Wikileaks.
IDC Report: Smartphone market larger than PC segment
Between October and December 2010, 101 million smartphones were shipped as opposed to 92 million PCs.
Top Five Reasons for High Unemployment in US
Though the official version, and most of the media, paints a rosy picture, the reality on the ground is vastly different, with people finding it ever harder to find jobs, according to many observers. Some even say the BLS unemployment figures are an eyewash.
IDC Report: Smartphone market larger than that of personal computers
Between October and December 2010, 101 million smartphones were shipped as opposed to 92 million PCs.
Pre-Market NASDAQ Movers (PLAB, ATML, TTHI, TTWO, MERC, SMSI, SWIR, MOTR, WSB, ZLCS)
The top pre-market NASDAQ stock market gainers are: Photronics, Transition Therapeutics, Take-Two Interactive Software, Atmel, and Mercer International. The top pre-market NASDAQ stock market losers are: Smith Micro Software, Sierra Wireless, Motricity, WSB Holdings, and Zalicus.
AIG Sees $4.1 Bln Charge in Q4
American International Group, Inc. said it expects to record a $4.1 billion charge in the fourth quarter to boost the loss reserves in its Chartis property and casualty insurance subsidiaries.
Pre-market movers on Feb. 9 (DIS, JDSU, KO, PPL, IR, MS, WFC, TWX, GOOG)
The companies whose shares are moving in pre-market trade on Wednesday are: Walt Disney, Jds Uniphase, PPL Corp, Ingersoll-Rand, Motorola Solutions, Wells Fargo, Time Warner and Google.
IMF calls for quick reform of Japanese public finances
Japan should work on its huge public sector debt and budget deficit and Japanese banks should secure more capital, a senior International Monetary Fund (IMF) official has said.
US weekly mortgage demand falls as rates rise
The U.S. home loan demand fell sharply in the week ended Feb. 4, as the mortgage rates continue to rise from their lowest levels amid growing confidence on the economic conditions of the nation, the Mortgage Bankers Association (MBA) said on Wednesday.
Novatel Wireless downgraded at Jefferies
Jefferies & Co. downgraded its rating on shares of Novatel Wireless Inc. (NVTL) to hold from buy and lowered its price target to $8.50 from $13.50.
No Electronic Flaws Found in Toyota Vehicles: US Report
Toyota vehicles didn't have any electronic flaws that were earlier blamed to have caused sudden acceleration in its vehicles, according to a report from the U.S. Department of Transportation.
Stocks in Focus (CSCO, MET, KO, DIS, AKAM, CS, RL, WFMI, EFX, XRAY)
The companies which are expected to see active trade on Wednesday are: Cisco Systems, MetLife, Coca-Cola, Akamai Technologies, Polo Ralph Lauren, Whole Foods Market and Walt Disney.
Analysis: Forcing 'haircuts' on Irish bank senior debt could cause bank run
If Fine Gael party emerges as a key partner in a coalition government, the senior debt holders will have to make sacrifices as the new government goes ahead with a bank debt restructuring.
UK goods trade deficit widens to record high
UK's goods trade deficit surged to record high of 9.247 billion pounds in December from 8.460 billion in the previous month, the Office for National Statistics announced on Wednesday. The widening of the deficit was larger than economists' consensus forecast of 8.6 billion pounds.
Top After-Market NYSE Movers (JOE, RVI, DSW, BGC, CBL, USNA, SMS, LTM, GET, MMR )
The top after-market NYSE gainers on Tuesday are: St. Joe, Retail Ventures, DSW, General Cable and CBL & Associates. The top after-market NYSE losers on Tuesday are: USANA Health Sciences, Sims Metal Management, Life Time Fitness, Gaylord Entertainment and McMoRan Exploration.
Inflation - Retail Friend or Foe?
Robert W. Baird forecasts inflation to upswing during the course of 2011, while inflation overall is expected to remain rather benign by historical standards. The brokerage said food and gasoline are among the items poised to see upward price pressure this year.
Post-Market NASDAQ Movers (PRCP, WWWW, ANDE, PROJ, ASYS, SWIR, MOTR, IPHS, BCDS, PNCL)
The top after-market NASDAQ stock market gainers are: Perceptron, Web.com Group, The Andersons, Deltek, and Amtech Systems. The top after-market NASDAQ stock market losers are: Sierra Wireless, Motricity, Innophos Holdings, BCD Semiconductor Manufacturing, and Pinnacle Airlines.
Catholic Church gives nod to 'Confession' Application for Apple iPhone, iPad and iPod Touch
The Vatican has given its approval for a new Confession application for Apple iPhone, iPad and iPod Touch.
London Stock Exchange seeks to merge with Toronto's TMX
The London Stock Exchange Group plc (LSE) said that it is in advanced negotiations with the operator of the Toronto Stock Exchange, the TMX Group, regarding a potential merger.
HK to lift land supply to cool property mkt - paper
Hong Kong's government will increase land supply in the coming fiscal year in a bid to cool property prices, the Ming Pao newspaper reported on Tuesday.
Stocks rise, Dow gains for 7th straight day
The Dow Jones Industrial Average scores its seventh straight daily gain, as U.S. stocks seemed to shrug off another interest rate hike by the central bank of China.
COLUMN: Payrolls gain, the golden indicator for 2011 and beyond
Payroll gains are the golden indicator for the US economy at this time because it reveals conditions in crucial areas and is the catalyst for the next step of the recovery process.
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