Market Gawk

After downgrade, S&P warns of further troubles ahead.

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Gym firm sets guidance below Wall Street’s expectations. Its stock slumps, but stick around for the rematch.

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Gary Black, CEO of Janus Capital Group Inc., increased his stake in the mutual fund company by 50,000 shares this week. (JNS)

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SAN FRANCISCO (MarketWatch) - Time Warner Inc. expects to cut more jobs in its magazine publishing division in the first quarter, resulting in $10 million to $20 million in expenses, the Associated Press reported Friday, citing a regulatory filing by the company. Time Inc. spokeswoman Dawn Bridges told the AP that the job cuts affected fewer than 100 people, and that most of them had already occurred in various parts of the company.

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

SAN FRANCISCO (MarketWatch) - Time Warner Inc. expects to cut more jobs in its magazine publishing division in the first quarter, resulting in $10 million to $20 million in expenses, the Associated Press reported Friday, citing a regulatory filing by the company. Time Inc. spokeswoman Dawn Bridges told the AP that the job cuts affected fewer than 100 people, and that most of them had already occurred in various parts of the company.

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) - Citigroup Inc. is bailing out an internal hedge fund group that ran into trouble from bad bets on the credit markets, the Wall Street Journal reported on its Web site Friday, citing a regulatory report filed by the company. Citigroup is providing a $500 million credit line to its struggling Falcon Strategies funds, which tumbled 30% last year.
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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News that a bank bailout plan for bond insurer AMBAC will be announced Monday or Tuesday triggered a 200 point reversal in the Dow. Unsurprisingly, the move had only a limited impact on carry trades.

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Dark clouds continue to hang over the US dollar as bearish sentiment took hold of investors, and pushed the already weakened currency lower against most of the major currencies. In today? session, the Yen picked up as falling stock prices provided confirmation that investors are reducing their net positions in carry trades, while the Pound Sterling and the Swiss Franc extended their gains as economic data for the countries remain bare till next week.

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EURUSD is a closely watched pair; and as it approaches its record high?s, the market?s focus will only intensify. However, despite this attention, the pair has also carved a notable range.

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Genentech says it has received accelerated approval from U.S. regulators for breast-cancer treatment Avastin.

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