Economic News

• Lawsuits Could Cost Toyota $3 Billion 03/09/2010
  Class-action lawsuits against Toyota (TM) in the wake of its 8 million-plus auto recalls could reportedly cost the company $3 billion, or even more. The Associated Press reported that its review of cases and legal precedent reveals the safety recalls could cost Toyota at least $3 billion in payments to vehicles owners who have seen their vehicle values plum […]
• Burger King Hit by Storm Losses in February 03/09/2010
  Burger King (BKC) said today it took a big hit in sales in January and February as a result of stormy winter weather. Same-store sales in the US and Canada fell 8.2 percent in January and February, the fast food chain said. […]
• Daily Dividend Report: AMAT, CHK, BG, MEOH, CSE 03/08/2010
  This morning, Applied Materials (AMAT) declared its quarterly dividend of seven cents per share, an increase of about 17% over its prior dividend. With the new dividend, the company also announced a $2 billion share repurchase program to bolster shareholder value. […]
• Monday's ETF Movers: IFNA, KWT 03/08/2010
  In midday trading Monday, the iShares FTSE EPRA/NAREIT North America Index Fund ETF (IFNA) is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Cbl & Assoc Properties (CBL), up about 4.9% and shares of Felcor Lodging Trust (FCH), up about 3.9% on the day. […]
• Monday Midday Sector Laggards: Wholesale, Security & Protection Services 03/08/2010
  In midday trading Monday, Wholesale shares were relative laggards, down on the day by about 1%. Helping drag down the group were shares of Man Sang International Limited B V I (MHJ), off about 5.4% and shares of Sims Metal Management Limited (SMS) off about 1.8% on the day. […]
• Deal News: Bank of NY Mellon, Arrow Energy 03/08/2010
  Bank of New York Mellon (BK) said today it will acquire Germanys BHF Asset Servicing from BHF Bank and Sal. Oppenheim Jr. […]
• Downgrades: AKS, PALM, FITB 03/08/2010
  This morning, Goldman Sachs downgraded shares of AK Steel (AKS) from Buy to Neutral as the stock approaches the firm's $26 price target. Goldman noted that margins could come under pressure this year as iron ore prices creep higher. […]
• Upgrades: YHOO, RIMM, X 03/08/2010
  This morning, JMP Securities upgraded shares of Yahoo! (YHOO) from Market Perform to Outperform citing its new deal with Microsoft (MSFT). The firm sees their search partnership helping to drive better results for Yahoo! in the coming quarters. […]
• Today's Big Losers: YGE, TTM, ICO, AKS 03/08/2010
  Yingli Green Energy (YGE) posted net revenues of $370.8 million and a diluted loss per ordinary share and per American depositary share of $0.04. On an adjusted non-GAAP basis, net income was $20.2 million and diluted earnings per ordinary share and per ADS was $0.13. […]
• Today's Big Gainers: HLX, CTIC, XRTX 03/08/2010
  Helix Energy Solutions (HLX) is engaging financial advisors to assist the company in evaluating the strategic alternatives available for a complete divestment of its oil and gas business. On the news, shares of Helix are up over 6.25%. […]