Market Gawk

NaturallyCurly.com Inc. has raised $600,000 from angel investors.

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Midwest Air Group Inc. is expecting to report a first-quarter loss but the corporate parent of Midwest Airlines is still projecting a substantial increase in profit for the year.

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Growing hedge fund and non-bank activity in lending has opened up the market to electronic separation of public and private transactions.

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The yen rose sharply and high-yielding currencies came under pressure as rumours of a military incident involving Iran and the US rattled investor confidence.

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Escalating geopolitical tensions and tightening supply caused a jump in oil prices, taking US crude futures to a six-month high.

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Kazakhstan has become the first of the central Asian republics to launch a transparent money market index, which governs the lending rates between banks and is crucial in developing local currency capital markets.

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Vodafone was in focus as shares in the mobile phone company outperformed a weak London market as traders built positions ahead of tomorrow’s presentation on its UK and German operations.

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SAN FRANCISCO (MarketWatch) — Switch and Data Facilities Co. late Wednesday reported a fourth-quarter net loss of $1.66 million, compared with a net loss of $3.83 million in the same period last year. Net loss attributable to common shareholders came in at $5.14 million, or 5 cents a share, compared with $24 million, or 22 cents a share, last year. Switch and Data, which provides Internet exchange and colocation services, said revenue in the three months ended Dec. 31 rose 9.5% to $29.3 million from $26.7 million. For full-year 2007, the company expects revenue of $127 million and adjusted earnings before interest, taxes, depreciation and amortization of $40 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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SAN FRANCISCO (MarketWatch) — Sunoco Logistics Partners L.P. late Wednesday said it has named Neal Murphy as chief financial officer, effective in early April. Murphy comes from Quaker Chemical Corp. where served as CFO and had responsibility for business operations in Asia and South America. Philadelphia-based Sunoco Logistics is a master limited partnership formed to acquire, own and operate refined product and crude oil pipelines and terminal facilities.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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SAN FRANCISCO (MarketWatch) — URS Corp. said late Wednesday its EG&G division has been awarded one of 16 contracts to provide logistics support services to Defense Department agencies under the Field & Installation Readiness Support Team program. The maximum value of all 16 contracts under the program is $9 billion over the initial five-year base period, San Francisco-based URS said. Task orders under the contract will be issued over the base period, followed by three, five-year option periods.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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