Market Gawk

United States Market and Economy

August 23rd, 2007

Avoiding a Mortgage Meltdown

If the deepening lending crisis is an imminent threat, borrowers have options to improve their standing

Original post by FeedZilla

August 23rd, 2007

Stocks’ Summer Smackdown

Investors saw trillions of dollars of assets vanish in a month-long sell-off. One surprise: Financial stocks didn’t do as badly as you’d think

Original post by FeedZilla

August 23rd, 2007

X-Ray Detection Systems Maker Vies For Big Government Contracts

Since 9/11, national security has become big business. Whether it’s securing borders or the nation’s airports and seaports, the need for screening…

Original post by FeedZilla

August 23rd, 2007

X-Rite to agrees to acquire Pantone for $180 mln

SAN FRANCISCO (MarketWatch) — X-Rite Inc. late Thursday said it has agreed to acquire Carlstadt, N.J.-based Pantone Inc. for $180 million. X-Rite said it expects to incur cash restructuring costs of about $5.5 million in the first year of combined operations. In the second year, the transaction is expected to add to the company’s per-share earnings, and provide about $6.5 million of annual operating expense cost savings. The deal is expected to close in the fall of 2007. Pantone generated revenue of about $42 million in 2006. Grand Rapids, Mich.-based X-Rite operates as a technology company that develops color management systems and solutions. 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.

Original post by FeedZilla

August 23rd, 2007

Jamba Juice: Calif. employee treated for hepatitis A

SAN FRANCISCO (MarketWatch) — Jamba Juice Inc. late Thursday said an employee at its Willow Glen store in San Jose, Calif., has been diagnosed and treated for hepatitis A. ”There is no connection between the contraction of the virus by this one individual and Jamba Juice stores and our products,” the company said in a statement. Jamba Juice also said it has conducted a thorough cleaning and sanitization of the store at Willow Glen, among other efforts to address the situation. ”The health and well-being of our customers and Jamba Juice team members are our highest priorities,” the company said.
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.

Original post by FeedZilla

August 23rd, 2007

Appeals court clears way for Whole Foods/Wild Oats deal: AP

SAN FRANCISCO (MarketWatch) — A federal appeals court denied a request by the Federal Trade Commission to block Whole Foods Market Inc.’s proposed acquisition of rival Wild Oats Markets Inc. , the Associated Press reported late Thursday. The ruling by the three-judge panel of the U.S. Court of Appeal clears the way for the $565-million deal to go forward, the report said. The appeals court agreed that the FTC ”raised some questions” about the merger, but the judges said the government agency had not proven that the decision by U.S. District Judge Paul Friedman was flawed, the AP reported.
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.

Original post by FeedZilla

August 23rd, 2007

Medtronic names successor to Collins

Medtronic Inc. has named William A. Hawkins its new CEO.

Original post by FeedZilla

August 23rd, 2007

Medtronic names Hawkins CEO

Medtronic Inc. on Thursday named William Hawkins its new president and CEO.

Original post by FeedZilla

August 23rd, 2007

Global overview: Signs of abating risk aversion

There were clear signs of risk appetite returning to financial markets as investors piled back into emerging market assets and took on fresh carry trade positions

Original post by FeedZilla

August 23rd, 2007

Nasdaq Drops After Early Gain Soon Disappears

The NASDAQ fell Thursday after giving up early gains, but the index finished above its session lows.

Original post by FeedZilla