Market Gawk

SAN FRANCISCO (MarketWatch) — Shares of Research in Motion jumped more than 11% by the close of trading Friday, settling in at $220.52. The gains put the stock back at its closing level from last week. Since Monday, shares of the BlackBerry maker slid more than 6%, tracking weakness in the overall market. At least three analysts issued reports Friday touting the stock. Rob Sanderson at American Technology Research recommended that investors pick up the shares on the market correction because of ”great fundamentals and near-term earnings momentum.” 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) — Multi-Color Corp. said late Friday it’s board has declared a three-for-two stock split. The stock split will be effected through a 50% stock dividend, payable Sept. 17 to shareholders of record as of Aug. 31. Cincinnati-based Multi-Color makes labels and shrink sleeves.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) — Hurricane Dean continued to move west through the eastern Caribbean on Friday, packing maximum sustained winds near 125 mph. According to the National Hurricane Center, as of 5 p.m. Eastern time, the center of the hurricane was located 260 miles south-southeast of San Juan, Puerto Rico, moving to the west at 21 mph. A Category 3 storm and the first Atlantic hurricane of the season, Dean tore roofs off buildings and knocked out power on the Caribbean islands of St. Lucia and Martinique, the Associated Press reported. Dean is expected to reach Mexico’s Yucatan Peninsula next week and could strengthen into a Category 4 storm.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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AUG 21 BOC Core CPI BOC Core CPI Expected: 0.1% Expected: 2.3% Previous: 0.0% Previous: 2.5%

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During this week, the Japanese yen staged a spectacular rally against the world?s most traded currencies as losses linked to subprime debt pushed investors to pare holdings of higher-yielding assets funded by loans in Japan .

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Stocks barreled higher Friday after the Federal Reserve did what Wall Street was clamoring for and cut its key discount rate a half percentage point. The move quelled investors’ credit worries at least for the time being and sent the Dow Jones industrials up about 230 points.

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A cheer could be heard from the adults in my neighborhood this week. No, it wasn’t because of the surprise discount rate cut from the Fed…(Read More)

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New Yorkers will soon be able to bid on rare, distilled spirits now that Gov. Eliot Spitzer has signed into law legislation legalizing the auctions.

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In the last fiscal year, 24 companies have joined its incubator program, according to Rennselaer Polytechnic Institute.

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Stocks of Minnesota companies, like those nationwide, rose Friday after the Federal Reserve Friday announced a half-percentage point cut to the discount rate on loans to banks, a move meant to stabilize financial markets.

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