Economic News

• Daily Dividend Report: ALNC, SNV, ABM, PNNT, CH 09/01/2010
  Alliance Financial Corporation (ALNC) announced its quarterly dividend of 30 cents per share, an increase of about 7% over its prior dividend in June of 28 cents. The dividend is payable on October 1, 2010 to shareholders of record on September 17, 2010. […]
• Today's Big Losers: SKS, BF.A, BF.B, CHRS 09/01/2010
  This morning JP Morgan (JPM) downgraded shares of Saks Inc. (SKS) to neutral from overweight. […]
• Wednesday's ETF Movers: FTY, GDX 09/01/2010
  In midday trading Wednesday, the iShares FTSE NAREIT Real Estate 50 Index Fund ETF (FTY) is outperforming other ETFs, up about 5.5% on the day. Components of that ETF showing particular strength include shares of Taubman Centers (TCO), up about 3.5% and shares of Apartment Investment & Management (AIV), up about 3.3% on the day. […]
• Wednesday's ETF with Unusual Volume: PIZ 09/01/2010
  The DWA Developed Markets Technical Leaders Portfolio ETF (PIZ) is seeing unusually high volume in afternoon trading Wednesday, with over 717,000 shares traded versus three month average volume of about 38,000. Shares of PIZ were up about 3.9% on the day. […]
• Today's Big Gainers: SRZ, BKC, RDC, AMPH, GIII 09/01/2010
  Sunrise Senior Living (SRZ) entered into a settlement and restructuring agreement with HCP, Inc. to, among other things, transition Sunrise from management of 27 HCP-owned senior living communities for an aggregate cash payment of $50 million to Sunrise, and to settle the lawsuits between the Company and HCP pending in Virginia and Delaware. […]
• Five Day ETF Leaders and Laggards: EMFN, AXIT 09/01/2010
  The iShares MSCI Emerging Markets Financials Sector Index Fund ETF (EMFN) is outperforming other ETFs over the last five trading days, up about 9.1%. Components of that ETF showing particular strength include shares of Bancolombia (CIB), up about 11.2% and shares of Banco Santander Chile (SAN), up about 9% over the five days. […]
• PerkinElmer Sells Unit to Private Equity Firm 09/01/2010
  PerkinElmer (PKI) said late Tuesday it has agreed to sell its illumination and detection solutions business to Veritas Capital Fund for $500 million in cash. The unit includes 3,000 employees and 14 manufacturing facilities, making custom-designed specialty lighting and sensor components, subsystems and integrated solutions serving applications within healt […]
• Amazon.com Reportedly Working on Internet-Based TV and Movies 09/01/2010
  Amazon. om is reportedly working on a subscription, internet-based TV and movie service. […]
• Upgrades: PRSP, CTCM, WDC 09/01/2010
  This morning Morgan Stanley (MS) upgraded shares of Prosperity Bancshares (PRSP) to equal weight from under weight. So far today, shares of Prosperity are up over 3%. […]
• Foreign Manufacturing Activity Grows; ETFs Trade Higher 09/01/2010
  Figures for manufacturing activity in China and the UK are out today. In China, manufacturing activity as measured by the HSBC China Manufacturing Purchasing Managers Index, rose from 49.4 to 51.9 in August, indicating expansion. […]