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Showing posts with the label MarketWatch - Market Pulse

Stocks rebound to hit highs of day; tech leads:

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By Laura Mandaro SAN FRANCISCO (MarketWatch) -- U.S. stocks climbed to their highs of the day in early afternoon trading Wednesday, led by tech shares, as investors shrugged off earlier worries that some euro-zone members were balking at an expanded bailout fund. The Dow Jones Industrial Average DJIA +0.80% gained 89 points, or 0.8%, to 11,191, led by a 2.2% rise in Home Depot Inc. HD +2.14% shares. The S&P 500 SPX +0.78% added 8.6 points, or 0.7%, to 1,181.46, with tech pacing gains for all 10 industry sectors. The Nasdaq Composite

ECB allots $575 million in dollar swap auction: MarketWatch - Market Pulse

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By William L. Watts    FRANKFURT (MarketWatch) -- The European Central Bank on Wednesday said it allotted $575 million at its seven-day dollar term auction to two banks, marking the second time in a month that the facility has been used. The banks will borrow the dollars at a fixed rate of 1.1% after swapping collateral. The move comes as banks find it more difficult to tap dollar funding, signaling a reluctance among banks to lend to each other, analysts said.

Pandora shares fall 6% as Spotify launches in U.S: MarketWatch - Market Pulse

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18.50 18.00 17.50 17.00 16.50 5a 7a 9a 11a 1p 3p By Rex Crum  SAN FRANCISCO (MarketWatch) -- Pandora Media Inc. P -4.74% shares fell $1.05, or nearly 6%, to $16.88 Thursday. The online music-streaming company's stock retreated on the same day that Spotify, a popular music service in Europe, launched Thursday in the U.S. Earlier this week, Pandora said it reached 100 million registered users, and that it had 36 million active monthly users of its service. Spotify, which launched two years ago, has about 10 million registered users of its service, and 1.6 million paid subscribers. Pandora's shares have fluctuated wildly since the Oakland, Calif.-based company went public in June at $16 a share.

Wall Street bets on higher Southern Union price Analysts see rival offer from Williams after Energy Transfer’s raise: MarketWatch | Market Pulse

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By Steve Gelsi , MarketWatch  NEW YORK (MarketWatch) — Investors bid shares of Southern Union Co. above the latest buyout price Tuesday, as Wall Street bets on a loftier offer for the natural-gas-pipeline company.  After opening the takeover competition June 16 with an offer of $33 a share, Energy Transfer Equity LP ETE +0.60%  on Tuesday raised its bid for Southern Union SUG -0.97% to $40 a share, or nearly $9 billion.  The deal includes about $5.1 billion in cash and equity plus $3.7 billion in assumption of Southern Union debt. See story on latest bid for Southern Union. The offer came in ahead of a June 28 buyout proposal of $39 a share in cash from Wil

MarketWatch - Market Pulse Greek stocks tumble in wake of downgrade

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By Barbara Kollmeyer MADRID (MarketWatch) -- Stocks in Athens tumbled on Tuesday as the market got a first chance to react to the prior day's downgrade of Greek government bonds by Moody's Investors Service to B1 to Ba1, with a negative outlook. Monday was a holiday in Greece, with financial markets closed. The Greece ASE Composite index ( XX:COMPO 1,586 , +5.18 , +0.33% ) fell 2.1% to 1,551.95, with National Bank of Greece SA /quotes/comstock/13*!nbg /quotes/nls/nbg ( NBG 1.78 , -0.06 , -3.26% ) off 3.3% and shares of Alpha Bank AE were down 3.5%. The ratings agency highlighted the government's trouble with revenue collection and said Athens may not meet the required criteria for support from the European Union and International Monetary Fund after 2013.

FedEx slashes outlook over storms, fuel prices. MarketWatch - Market Pulse

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By Wallace Witkowski SAN FRANCISCO (MarketWatch) -- FedEx Corp. /quotes/comstock/13*!fdx /quotes/nls/fdx ( FDX 93.31 , -0.68 , -0.72% ) said late Monday that it cut its third-quarter outlook because of severe winter storms and higher-than-expected fuel prices. FedEx lowered its third-quarter earnings outlook to 70 cents to 90 cents a share, from a previous range of 95 cents to $1.15 a share. Analysts surveyed by FactSet Research estimate third-quarter earnings of $1.06 a share. "We experienced significant network disruptions in the U.S. and Europe and unusually high costs from severe winter storms," said Alan Graf, FedEx chief financial officer, in a statement. "In addition, fuel prices continued to escalate since we provided our earnings outlook in December." More  about this story, click: http://www.marketwatch.com/story/fedex-slashes-outlook-over-storms-fuel-prices-2011-02-14?s

Canada stocks up after China posts jump in imports: MarketWatch - Market Pulse

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By Myra P. Saefong SAN FRANCISCO (MarketWatch) -- Canadian stocks climbed Monday, with resources shares gaining ground after the Chinese government reported that a 51% year-on-year jump in January imports cut the nation's monthly trade surplus in half to $6.5 billion. The S&P/TSX Composite Index /quotes/comstock/11t!i:isptx ( CA:$ISPTX 13,867 , +100.58 , +0.73% ) rose 0.6% to 13,854, with the S&P/TSX Capped Diversified Metals & Mining Index adding 1.1% and the S&P/TSX Canadian Enrgy Trust up 0.4%. Shares of Equinox Minerals Ltd. /quotes/comstock/11t!e:eqn ( CA:EQN 6.62 , +0.19 , +2.96% ) /quotes/comstock/11i!eqxmf ( EQXMF 6.49 , -0.21 , -3.07% ) rose 3%, First Quantum Minerals Ltd. /quotes/comstock/11t!e:fm ( CA:FM 134.50 , +1.11 , +0.83% ) /quotes/comstock/11i!fqvlf ( FQV

Egypt's Mubarak may step down: reports. MarketWatch - Market Pulse

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By Sue Chang    SAN FRANCISCO (MarketWatch) -- President Hosni Mubarak of Egypt may bow to pressure and step down Thursday evening with Vice President Omar Suleiman taking over, according to media reports Thursday. The Egyptian military's supreme council has been meeting for several hours and will shortly issue a communique that they say will meet the protesters' demands, the Wall Street Journal reported on its website. Hossan Badrawi, secretary general of the ruling National Democratic Party, told the BBC that Mubarak is likely to speak to the nation later.

Canada stocks slip; TMX Group rally on LSE merger. Marketwatch - Market Pulse

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By Myra P. Saefong SAN FRANCISCO (MarketWatch) -- Canadian stocks traded modestly lower Wednesday as some mining stocks pulled back after gains a day earlier, but shares of TMX Group. Inc. /quotes/comstock/11t!e:x ( CA:X 44.90 , +4.62 , +11.47% ) rallied 11.7% after the U.K.'s London Stock Exchange Group PLC said it will by TMX in an all-stock deal that values TMX at around $3.2 billion. The S&P/TSX Composite Index. To continue reading click: http://www.marketwatch.com/story/canada-stocks-slip-tmx-group-rally-on-lse-merger-2011-02-09 

Stocks rally; Dow's win streak longest since July: MarketWtach - Market Pulse

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Updates to correct that McDonald's reported same-store sales. By: Laura Mandaro SAN FRANCISCO (MarketWatch) -- A rally in consumer stocks drove the market to a sharply higher close Tuesday, as investors focused on January from McDonald's Corp. /quotes/comstock/13*!mcd /quotes/nls/mcd ( MCD 75.36 , +1.91 , +2.60% ) and other results, and overlooked concerns about the latest Chinese rate hike cooling global growth. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed ( DJIA 12,233 , +71.52 , +0.59% ) gained 71.52 points, or 0.6%, to 12,233.15, its seventh straight day of gains, for its longest winning streak since mid-July. It was the highest close since mid-June 2008. McDonald's Corp. /quotes/comstock/13*!mcd /quotes/nls/mcd ( MCD 75.36 , +1.91 , +2.60% ) led the blue-chip average with a 2.6% rise. The S&P 500 /

Nokia's shares tumble 7% following weak outlook; quarterly net profit drops 16% | MarketWatch - Market Pulse

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By Aude Lagorce     LONDON (MarketWatch) -- Nokia Corp. /quotes/comstock/13*!nok /quotes/nls/nok ( NOK 9.97 , -0.76 , -7.08% ) /quotes/comstock/64h!e3:o-nok1v-eur ( FI:NOK1V 7.42 , -0.38 , -4.87% ) , the world's largest maker of mobile phones, on Thursday posted a 16% drop in fourth-quarter net profit to 742 million euros ($1.02 billion), or 20 European cents a share, from 882 million euros, or 26 cents a share, earned in the year-earlier quarter. Adjusted earnings came in at 22 cents a share. The consensus forecast was for earnings of 18 cents a share. Sales rose 6% to 12.6 billion euros. The operating margin in the key devices and services division declined to 11.3% from 15.4% a year earlier. The total number of handsets shipped in the quarter fell 3% year-on-year to 123.7 million. In the first quarter Nokia expects devices and services sales of between 6.8 billion and 7.3 billion

Dow industrials lag as broader U.S. market posts modest gains at Wednesday open| MarketWtach - Market Pulse

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By Kate Gibson 10a 11a 12p 1p 2p 3p NEW YORK (MarketWatch) -- U.S. stocks opened mostly up on Wednesday amid another heavy round of earnings, with Boeing Co. /quotes/comstock/13*!ba /quotes/nls/ba ( BA 69.46 , -2.78 , -3.85% ) weighing on the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed ( DJIA 11,975 , -1.97 , -0.02% ) . The Dow industrials fell 4.77 points to 11,972.42. The Standard & Poor's 500 Index /quotes/comstock/21z!i1:in\x ( SPX 1,293 , +1.73 , +0.13% ) rose 2.68 points to 1,293.86. The Nasdaq Composite /quotes/comstock/10y!i:comp ( COMP 2,721 , +1.69 , +0.06% ) climbed 4.02 points to 2,723.25.

Stocks end week higher, bolstered by late-day rise. Marketwatch - Market Pulse

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market pulse Dec. 3, 2010,  Stocks end week higher, bolstered by late-day rise Related stories U.S. stocks turn up on jobs-data doubts (3:57p) U.S. stocks look to end week on a high note (3:46p) U.S. stocks modestly down after more economic data (10:21a) Orexigen may remain active in evening trade (3:28p)