Economic News

• Sony Unveils Motion-Control System for PlayStation 03/11/2010
  Sony (SNE) has unveiled a new video game control system that allows players to play games with their body movements, called PlayStation Move. The new control system which challenges Nintendos motion-controlled Wii will be available later in the year. […]
• ING Downgrades ArcelorMittal 03/11/2010
  There is another call on the steel sector for ING this morning. ING downgraded ArcelorMittal (MT) stock from Buy to Hold today, ING said it sees price increases on the horizon for raw materials iron ore and coking coal of as much as 35 percent. […]
• Stocks to Watch: Gymboree, Men's Wearhouse 03/11/2010
  Keep an eye on retail stocks Gymboree (GYMB) and Mens Wearhouse (MW) today, after both announced earnings last night that could impact their trade today. Childrens clothing retailer Gymboree announced an earnings increase of 13 percent in its fourth quarter, to $33.2 million, or $1.11 per share. […]
• FuelCell Shares Trade Higher on New Subcontract 03/11/2010
  FuelCell Energy (FCEL) shares are trading higher Thursday after the company announced late yesterday it won a $2.1 million subcontract from Air Products (APD). FuelCell will incorporate its clean energy technology into a hydrogen fueling station that Air Products is developing. […]
• Carlos Slim Tops Forbes Billionaire List 03/11/2010
  Carlos Slim Helu has toppled Bill Gates from the head of the Forbes annual billionaire rankings. Slim, whose fortune is based in the Mexican telecom industry, is worth $53.5 billion, an increase of $18.5 billion over last years rankings. […]
• BP Enters Brazil Market with Devon Acquisition 03/11/2010
  BP (BP) said it is acquiring a bundle of assets from Devon Energy (DVN), which will marks its entry into Brazil. BP said it will pay $7 billion for stakes in 10 exploration blocks in Brazil, 240 leases in the Gulf of Mexico, and a 5.63 percent stake in Azerbaijan assets, of which it already holds 39.77 percent. […]
• OPEC Hikes Oil Demand Projections 03/10/2010
  The Organization of Petroleum Exporting Countries released a report today projecting that world oil demand would rise to nearly 900,000 barrels per day this year. Thats 100,000 barrels more in demand than it projected in February. […]
• Daily Dividend Report: OLP, HNZ, VGR, BKCC, SPLS 03/10/2010
  After the bell yesterday, One Liberty Properties (OLP) declared its quarterly dividend of of thirty cents per share, an increase of about 36% over its prior dividend. Notable about this dividend is the company's decision to pay shareholders in cash instead of a combination of shares and cash that was so common in 2009. […]
• Wednesday Midday Sector Laggards: Machine Tools, Gold Stocks 03/10/2010
  In midday trading Wednesday, Machine Tools shares were relative laggards, down on the day by about 1.3%. Helping drag down the group were shares of Flow International (FLOW), down about 9.8% and shares of Exco Tech Limited (XTC. […]
• Wednesday's ETF Movers: FBT, GDX 03/10/2010
  In midday trading Wednesday, the First Trust Biotech ETF (FBT) is outperforming other ETFs, up about 3.3% on the day. Components of that ETF showing particular strength include shares of Intermune (ITMN), up about 64.4% and shares of Amylin Pharmaceuticals (AMLN), up about 4.9% on the day. […]