Financial Markets
Wall St gains on economy bets; banks, techs lead
Mar 10, 2010 16:26 EST
NEW YORK (Reuters) - Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits.
Stocks rise after inventories fall and sales gain
Mar 10, 2010 16:10 EST
Stocks inch higher after wholesale inventories slip and sales climb; Dow edges up 3 points. Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies' inventories.
Washington Federal warrants bring $15.39 million
Mar 10, 2010 16:07 EST
Treasury Department receives $15.39 million in auction of Washington Federal warrants. The Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal Inc. as part of the support it provided from the government's $700 billion bailout program.
New Zealand central bank holds rates at record low
Mar 10, 2010 15:49 EST
New Zealand's central bank said Thursday it would hold the official interest rate at a record low 2.5 percent and signalled the first rise was likely around the middle of the year.
Oil prices settle above $82
Mar 10, 2010 15:47 EST
Oil prices settle above $82. Oil settled above $82 on Wednesday after rising as high as $83. Prices got a bump in morning trading following the government's weekly crude inventory report, which showed a smaller increase in supplies than expected. Prices also got some support from OPEC raising its outlook for world oil demand.
Oil prices rise to settle above $82
Mar 10, 2010 15:41 EST
Oil prices head higher again on inventories report and stronger OPEC demand outlook. Oil settled above $82 on Wednesday after driving past $83 briefly following a government report that showed U.S. crude oil supplies didn't grow as much as analysts expected last week.
Summary Box: Corn, wheat fall on oversupply
Mar 10, 2010 15:33 EST
Summary Box: Corn, wheat prices fall after USDA report shows more supply than expected. CORN: For the second time in three months, the USDA's latest crop report surprised analysts. Supply rose unexpected by 80 million bushels. Analysts were expecting a slight drop.
Corn, wheat fall after latest crop report
Mar 10, 2010 15:33 EST
Corn, wheat fall after latest crop report shows unexpected rise in supply of the grains. Corn and wheat prices retreated Wednesday after the U.S. Department of Agriculture's monthly crop report showed plenty of supply for the two grains.
Kinetic Concepts shares rise on patent ruling
Mar 10, 2010 15:28 EST
Jury says Smith & Nephew infringed wound care technology licensed to Kinetic Concepts. Shares of medical device maker Kinetic Concepts rose Wednesday after a jury ruled that rival Smith & Nephew infringed patents licensed to the company.
Miller Industries names new board member
Mar 10, 2010 15:24 EST
Miller Industries names Ashford to board of directors. Miller Industries Inc. said Wednesday that Theodore Ashford III was elected to the company's board of directors.
Rockwell takes smaller 4Q loss on greater revenue
Mar 10, 2010 15:24 EST
Rockwell Medical posts smaller 4th-quarter loss on improved sales and trimmed spending. Rockwell Medical Technologies Inc., which makes products used in the treatment of kidney disease and anemia, reported a smaller fourth-quarter loss Wednesday as its sales grew and expenses came down.
ExlService 4Q results, 2010 guidance top estimates
Mar 10, 2010 15:08 EST
ExlService shares hit 21-month high as 4Q results, year sales guidance top expectations. Shares of ExlService Holdings Inc. hit their highest point since June 2008 Wednesday after the company's fourth-quarter results and 2010 sales guidance topped analyst expectations.
Psychiatric Solutions shares rise on buyout report
Mar 10, 2010 14:35 EST
Psychiatric Solutions shares rise on media report of potential buyout by Bain Capital. Shares of Psychiatric Solutions Inc. surged Wednesday after media reports said the mental health hospital operator may be bought out by private-equity firm Bain Capital.
Canadian dollar likely to trump US greenback: experts
Mar 10, 2010 14:17 EST
The Canadian dollar, or loonie as it is affectionately called here, is likely to soar above parity with the US greenback this year, experts at a Canadian bank said Wednesday.
Lockheed Martin wins $17 million Navy contract
Mar 10, 2010 14:09 EST
Lockheed wins $17 million Navy contract for missile launch systems, could reach $104 million. Lockheed Martin Corp. said Wednesday it recently won a $17 million Navy contract for engineering on Navy missile launch systems, and with options it could be worth $104 million over four years.
3Com gets 3-year networking contract
Mar 10, 2010 14:07 EST
3Com gets 3-year contract to provide networking equipment at some Australia schools. Computer networking systems maker 3Com Corp. said Wednesday that it received a three-year contract with the Department of Education and Training in Australia's Northern Territory to supply schools.
Sonic Auto to sell $210 million of senior notes
Mar 10, 2010 14:07 EST
Sonic Auto releases pricing of $210 million of senior subordinated notes. Sonic Automotive Inc. said Wednesday that it has priced $210 million of senior subordinated notes due in 2018.
W.W. Grainger's daily sales up 12 percent in Feb.
Mar 10, 2010 14:03 EST
W.W. Grainger's daily sales rise 12 percent in February, partly on acquisitions. W.W. Grainger Inc. said Wednesday that its daily sales rose 12 percent in February on acquisitions, seasonal product sales and favorable foreign exchange rates.
China to lead oil demand growth as OECD area struggles
Mar 10, 2010 13:59 EST
China's hunger for oil is set to drive global demand in the coming years as consumption in the industrialized countries may not regain pre-economic crisis levels, experts say.
Cincinnati Bell plans $400M notes offering
Mar 10, 2010 13:53 EST
Cincinnati Bell plans to offer $400 million of senior subordinated notes due 2018. Regional telephone company Cincinnati Bell Inc. said Wednesday that it plans to publicly offer $400 million worth of senior subordinated notes due in 2018.
Wire Headlines
- Senate passes jobless aid, business tax breaks
- Boyfriend: 'Jihad Jane' suspect wasn't religious
- Appeals court hears arguments on forest roads rule
- Va OKs 1st bill banning mandated health coverage
- Female WWII aviators honored with gold medal
- Ex-Detroit councilwoman gets 3 years for bribes
- Conan's lone Twitter followee: 'It's totally nuts'
- Clinton, Gates say US help abroad improves image
