Economic News

• Daily Dividend Report: CASY, GG, HRC, CSE, HAV 09/07/2010
  This morning, Casey's General Stores (CASY) declared its quarterly dividned of 13.5 cents per share, an increase of 35% over its prior dividend. Based on the current stock price, investors can expect a yield of about 1.3% going forward. […]
• Tuesday Sector Leaders: Aluminum & Copper, Gold Stocks 09/07/2010
  In trading on Tuesday, aluminum & copper shares were relative leaders, up on the day by about 3%. Leading the group were shares of Marathon (MAR. […]
• Oracle Hires Former HP CEO Hurd 09/07/2010
  Oracle (ORCL) has hired former HP (HPQ) CEO Mark Hurd as President. Hurd left HP earlier in the summer after alleged misconduct. […]
• Tuesday Sector Laggards: Drug Related Products, Staffing & Outsourcing Services 09/07/2010
  In trading on Tuesday, Drug Related Products shares were relative laggards, down on the day by about 3.4%. Helping drag down the group were shares of China Sky One Medical (CSKI), down about 30.1% and shares of China Biotics (CHBT) down about 10.9% on the day. […]
• Tuesday's ETF Movers: AXMT, PSI 09/07/2010
  In trading ON Tuesday, the iShares MSCI ACWI ex US Materials Sector Index Fund ETF (AXMT) is outperforming other ETFs, up about 5.2% on the day. Components of that ETF showing particular strength include shares of Posco (PKX), up about 4.4% and shares of Gerdau (GGB), up about 2.2% on the day. […]
• Monday Deals: Inergy, Emdeon 09/07/2010
  Propane and natural gas marketer and distributor Inergy (NRGY) said today it has agreed to buy Tres Palacios Gas Storage for $725 million. Inergy will also pay for reimbursement of certain capital expenditures. […]
• Barclays Tap Diamond; Beckman Coulter CEO Resigns 09/07/2010
  Barclays (BCS) said today that its investment banking chief, Robert Diamond, will become CEO in 2011. Current CEO John Varley will resign his post on March 31. […]
• Coke Enterprises Hikes Forecast 09/07/2010
  Coca-Cola Enterprises (CCE) said today it is hiking its full-year 2010 earnings guidance to a range of $1.78 to $1.82 per share, including a negative currency impact of $0.07 per share. Revenue will grow 4-6%, helped by growth in Europe. […]
• iPhone Sales Hurt Margins at AT&T 09/07/2010
  This morning, Janney Montgomery Scott downgraded shares of Campbell Soup (CPB) from buy to neutral after the company indicated it would pursue acquisitions rather than buy back stock. With the downgrade, the firm set a price target of $37 per share. […]
• Citigroup Bullish on BMC Software 09/07/2010
  This morning, Citigroup initiated coverage on shares of BMC Software (BMC) with a buy rating as the firm believes growth targets can be acheived this year. With the buy rating, Citigroup set a price target of $45 per share. […]