Market Gawk

United States Market and Economy

February 1st, 2008

Microsoft’s Yahoo bid heralds seismic shift

Microsoft Corp.’s $44.6 billion bid Friday for Internet rival Yahoo Inc. is a radical departure for the storied Redmond, Wash., firm in terms of financial scope, ambition and fundamental strategy.

Original post by FeedZilla

February 1st, 2008

Storms halt China’s inflation fight as banks ordered to lend

China’s efforts to rein in rampant inflation took a step backward this week after the central bank made an emergency effort to soften the economic pain caused by ongoing brutal snowstorms.

Original post by FeedZilla

February 1st, 2008

Banks link to solve bond insurers crisis

US and European banks are joining forces to try to solve the crisis among US bond insurers that could exacerbate the impact of the credit squeeze

Original post by FeedZilla

February 1st, 2008

Biotech Firm Banks On A Pig In A Poke To Expand Internationally

For the team at LifeCell, this year’s national sales meeting won’t be a routine event.

Original post by FeedZilla

February 1st, 2008

Strong Earnings Results Lift Nasdaq To 1% Gain

The NASDAQ composite shook off Google’s (GOOG) 9% drop Friday to close higher and cap a week of big gains.

Original post by FeedZilla

February 1st, 2008

NYSE Stocks Rally, Ending Productive Week; Volume Falls

NYSE stocks rose Friday , capping a week of sizable gains.

Original post by FeedZilla

February 1st, 2008

Stocks Overcome Jobs Report, Rally On Merger Buzz

Stocks rose again Friday, as Microsoft’s buyout offer for embattled Internet firm Yahoo stoked a rally on Wall Street.

Original post by FeedZilla

February 1st, 2008

Cerner Slides On Disappointing Sales

The medical software developer reporters weaker-than-expected fourth-quarter sales.

Original post by FeedZilla

February 1st, 2008

Motorola CEO Brown to take charge of handset unit: report

SAN FRANCISCO (MarketWatch) - Motorola Inc.’s Chief Executive Greg Brown is assuming direct oversight of the company’s ailing handset division after pushing aside division head Stu Reed, The Wall Street Journal reported late Friday on its Web site. Reed will remain with the company and work closely with Brown, the Journal said, quoting a Motorola spokeswoman. The move comes a day after Motorola said it is considering a spin-off of its troubled handset unit. 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

February 1st, 2008

Dollar Thrifty cuts 2007 adjusted EPS estimate to 90c to 95c

SAN FRANCISCO (MarketWatch) - Dollar Thrifty Automotive Group Inc. late Friday lowered its adjusted earnings-per-share estimate for 2007 to a range of 90 cents to 95 cents from $1.75 to $1.85 previously. In GAAP terms, it expects earnings to be flat or post a loss of 5 cents a share. The Tulsa, Okla.-based car rental company cited weaker industry demand in the travel market, excess fleet capacity in the industry, and a weakening used car market for its more bearish outlook. The company also said it is suspending its share buyback program.
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