Economic News

• Bank of America to Cut Overdraft Protection Fees 03/10/2010
  In a move to comply with coming regulations on overdraft fees, Bank of America (BAC) said it will simply not allow customers to spend more than is in their checking account with debit purchases. As of July, the Federal Reserve has mandated that banks get customer permission for charging an overdraft fee. […]
• Airlines Give Up Runway Time to Satisfy Regulators 03/10/2010
  British Airways, American Airlines (AMR) and Iberia members of the OneWorld Alliance have said they will give up takeoff and landing slots at Heathrow, Gatwick, and JFK airports to put to rest competition concerns raised by the European Commission. The Commission said it will check with other airlines on whether that move would do enough to inspire compet […]
• Abbott Labs to Acquire Facet Biotech 03/10/2010
  Abbott Laboratories (ABT) announced late yesterday that it will buy Facet Biotech (FACT) for a total net value of $450 million. Abbott is paying $27 per share for Facet, a 67 percent premium over the stocks closing price yesterday. […]
• Retail News: J. Crew, American Eagle, Children's Place 03/10/2010
  J. Crew (JCG) posted a fourth quarter profit after the bell Tuesday, of $40.4 million, or 61 cents per share. […]
• Tuesday's ETF Movers: FAA, TAN 03/09/2010
  In midday trading Tuesday, the Claymore Airline ETF (FAA) is outperforming other ETFs, up about 2.8% on the day. Components of that ETF showing particular strength include shares of AMR (AMR), up about 10.3% and shares of UAL (UAUA), up about 8.3% on the day. […]
• Tuesday Midday Sector Leaders: Trucks & Other Vehicles, Airlines 03/09/2010
  In midday trading Tuesday, Trucks & Other Vehicles shares were relative leaders, up on the day by about 4.1%. Leading the group were shares of Force Protection (FRPT), up about 16.6% and shares of Wabash National (WNC) up about 8.4% on the day. […]
• Tuesday Midday Sector Laggards: Hospitals, Diversified Utilities 03/09/2010
  In midday trading Tuesday, Hospital shares were relative laggards, down on the day by about 1%. Helping drag down the group were shares of Select Medical Holdings (SEM), off about 6.3% and shares of Community Health Systems (CYH) off about 2.4% on the day. […]
• Daily Dividend Report: EMCI, MSFT, STLD, EJ, BNS 03/09/2010
  This morning, EMC Insurance (EMCI) declared its quarterly dividend of 18 cents per share, maintaining the amount paid last quarter. Based on the current stock price, investors can expect a yield of about three percent going forward. […]
• Today's Big Movers: GAIA, ZNH, FEED 03/09/2010
  After the bell yesterday afternoon, Gaiam (GAIA) reported fourth quarter earnings of seventeen cents per share, beating Wall Street estimates by three cents. Also impressing investors was strong revenue of $87.6 million in the quarter. […]
• Today's Big Losers: JSDA, ZIGO, MVIS 03/09/2010
  This morning, investors are exiting shares of Jones Soda (JSDA) as quickly as possible following news that Reed's (REED) would be buying the company. Jones Soda investor will receive approximately 0.17 shares of Reed plus ten cents for every share of Jones Soda owned. […]