Market Gawk

United States Market and Economy

May 23rd, 2007

First Charter OKs buyback of 1.6 million shares

First Charter Corp. told shareholders Wednesday that its board of directors has authorized 1.6 million shares to be sold in a stock repurchase program the bank hopes will boost its sagging share price.

Original post by FeedZilla

May 23rd, 2007

Xcel boosts dividend

Xcel Energy Inc. will increase its quarterly dividend to 23 cents per share, up 3.3 percent from 22.25 cents a share previously, the Minneapolis-based utility announced Thursday.

Original post by FeedZilla

May 23rd, 2007

Payless To Walk in Stride Rite’s Shoes

The discount shoe retailer is attempting to move up-market by buying footwear company

Original post by FeedZilla

May 23rd, 2007

Abercrombie & Fitch (ANF) Beats Earnings Expectations, Falls Short on Revenue

Abercrombie & Fitch (ANF) announced after the close today that its first-quarter earnings came in at %2460.1 million, or 65 cents per share, a 7% improvement over its year-ago profit of %2456.2 million, or 62 cents per share…(Read More)

Original post by FeedZilla

May 23rd, 2007

Wall St retreats on Greenspan remarks

US stocks retreated in late trading, closing lower, after former Federal Reserve chairman said he feared a ‘massive contraction’ in Chinese stocks and a slowdown in global growth.

Original post by FeedZilla

May 23rd, 2007

Philips adds own test device to white spaces effort

SAN FRANCISCO (MarketWatch) — Philips Electronics North America Corp. has submitted its own testing device to U.S. regulators as part of a coalition lobbying to open up surplus spectrum for high-speed Internet use.

Original post by FeedZilla

May 23rd, 2007

Japanese Yen: Carry Trade Demand and Weak Data Sends Yen Tumbling (Daily FX)

The Japanese Yen weakened significantly on the weight of carry trade demand and soft economic data. Activity in Japan continues to be lackluster with the all industry index falling by the largest amount in 3 years.

Original post by FeedZilla

May 23rd, 2007

Euro: German IFO to Give the Market Clues on Policy Actions beyond June (Daily FX)

Positive economic data continues to fuel gains in the Euro. Italian retail sales doubled expectations by rising 0.5 percent in March, bringing the annualized pace of growth up from 0.4 percent to 2.6 percent.

Original post by FeedZilla

May 23rd, 2007

Dollar: Dow Struggles to Stay Positive, What Does this Mean for the Dollar? (Daily FX)

What could trigger a more significant move lower in the Dow and dollar? Perhaps durable goods and new home sales.

Original post by FeedZilla

May 23rd, 2007

Single ETF captures 13% of world silver output

A single exchange-traded fund captured more than 13 per cent of the world’s silver output last year, according to data from GFMS, a precious metals consultancy.

Original post by FeedZilla