ECONOMY & MARKETS

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Traders work on the floor of the New York Stock Exchange

Stocks climb moderately, Dow at 28-month high

Stocks rose moderately, boosted by some M&A activity and an easing of hostilities in Korea, with the Dow Jones index reaching a 28-month high and the Nasdaq at a three-year high, albeit in light pre-holiday trading.
Michael Jordan holds Air Jordan XX2 during launch party in Las Vegas

Nike posts higher Q2 earnings

NIKE Inc. (NYSE: NKE) reported net income of $457-million, or diluted earnings of $0.94 per share, on revenues of $4.8-billion for the fiscal second quarter of 2011.
President and Chief Executive Officer of Adobe Systems Incorporated Shantanu Narayen

Adobe shares rising on strong Q4 results

Adobe Systems Inc. (Nasdaq: ADBE) is rising in early trading, on the strength of a strong fiscal fourth quarter earnings report the company released yesterday after closing.
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AUD/JPY technical analysis-Heading to new multi-month high?

AUD/JPY added to Monday's gains on Tuesday and is currently trying to retest the 7-month high of 83.66 hit early last week. A break above that level may take the pair to 85.3 before marching towards 88.035, the 1-1/2-year high it hit late April.
Former HP CEO Mark Hurd speaks to the audience at Oracle Open World in San Francisco

SEC probing Hurd's departure from HP

U.S. Securities and Exchange Commission is investigating the departure of Mark Hurd as the chief Executive officer from Hewlett-Packard Co. (NASDAQ:HPQ) as part of its broad inquiry in to various claims, including insider trading by the former executive.
Senior scientist Murat looks at DNA fingerprints of truffles at a laboratory of the INRA in Champenoux near Nancy

Ultrafast Gene Sequencing On Anvil

Scientists in the UK are developing technology using nanopores that could ultimately sequence a person’s genome in mere minutes, unlike available commercial methods, which require complex process.
NY Traders.

Stocks boosted by Chesapeake, financials

The stock market is up slightly as Chesapeake Energy (NYSE:CHK) jumped 8.41 percent and financial stocks rose broadly. However enthusiasm was tempered by the downgrade of American Express (NYSE:AXP).
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Sallie Mae surging on positive report in Barron’s

Shares of SLM Corp. (NYSE: SLM) are soaring this morning, reaping the benefits of a favorable report in Barron’s over the weekend, citing that the stock looks expensive, given future earnings prospects.
Pedestrians walk past an American Eagle Outfitters store in New York

American Eagle dropping on brokerage downgrade

Shares of American Eagle Outfitters Inc (NYSE: AEO) are sinking this morning after Susquehanna Financial Group downgraded the stock’s rating to neutral, citing a sluggish December sales picture.

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