| Movers roundup: Laboratory, Imation, Gymboree (AP) |
| Tue, 6 Jan 2009 19:22:20 Etc/GMT |
| Shares of Laboratory Corp. of America Holdings skidded Tuesday after the clinical lab services company cut its 2009 profit and revenue estimates due to worsening economic conditions. |
| Movers roundup: Super Micro, Allied Capital (AP) |
| Tue, 6 Jan 2009 19:19:38 Etc/GMT |
| Shares of Super Micro Computer Inc. tumbled Tuesday after the server maker lowered its fiscal second-quarter outlook and received a downgrade from Merriman Curhan Ford. |
| Sector Snap: Solar slides on weak demand, credit (AP) |
| Tue, 6 Jan 2009 19:14:06 Etc/GMT |
| The solar sector slid on Tuesday as solar power companies continued to face weak customer demand and dried up credit markets. |
| Sector roundup: Building materials, health care IT (AP) |
| Tue, 6 Jan 2009 19:11:02 Etc/GMT |
| Shares of several building materials companies rose Tuesday as a key index of the service sector fell less than expected amid optimism that President-elect Obama will act quickly to halt home foreclosures. |
| Christopher & Banks shares fall on downgrade (AP) |
| Tue, 6 Jan 2009 19:10:03 Etc/GMT |
| Shares of Christopher & Banks Corp. fell Tuesday as an analyst said the women's apparel retailer's share price is too high for its current performance and the weak retail environment and downgraded the company to "Underperform." |
| Wall Street up as tech strength offsets weak data (Reuters) |
| Tue, 6 Jan 2009 19:07:53 Etc/GMT |
| Gains in the tech sector lifted U.S. stocks on Tuesday, offsetting another batch of weak data showing slumping factory orders and dismal pending home sales. |
| Sector Snap: Auto stocks rise (AP) |
| Tue, 6 Jan 2009 19:05:06 Etc/GMT |
| Shares of General Motors Corp. and Ford Motor Co. rose moderately Tuesday along with the broader market, a day after they and other automakers reported another month of weak U.S. sales, capping one of the worst sales years in history. |
| Stocks up moderately after mixed economic reports (AP) |
| Tue, 6 Jan 2009 18:24:11 Etc/GMT |
| Wall Street proceeded cautiously Tuesday, with stocks rising moderately following disappointing readings on pending home sales and factory orders. |
| Sector Snap: Building Materials companies rising (AP) |
| Tue, 6 Jan 2009 18:19:01 Etc/GMT |
| Shares of several building materials companies rose Tuesday as a key index of the service sector fell less than expected amid optimism that President-elect Obama will act quickly to halt home foreclosures. |
| Imation shares fall after 4Q forecast cut (AP) |
| Tue, 6 Jan 2009 18:03:58 Etc/GMT |
| Shares of Imation Corp. plunged Tuesday after the maker of digital storage devices said it won't meet its previous guidance for fourth-quarter profit or sales because of ongoing economic turmoil. |
| O'Charley's shares jump after board appointment (AP) |
| Tue, 6 Jan 2009 18:02:12 Etc/GMT |
| Shares of casual dining chain O'Charley's Inc. jumped Tuesday after the company added a new board member as part of an agreement with investor Crescendo Partners. |
| Sector Snap: Health care IT falls on funding delay (AP) |
| Tue, 6 Jan 2009 17:57:25 Etc/GMT |
| Health care information technology stocks slid Tuesday after a Leerink Swann analyst said the electronic medical records portion of President-elect Barack Obama's economic stimulus package will not help the sector right away. |
| NYSE to delist some of Tribune's public debt (AP) |
| Tue, 6 Jan 2009 17:52:06 Etc/GMT |
| The New York Stock Exchange notified the Securities and Exchange Commission that it will delist some of Tribune Co.'s publicly traded debt following the newspaper publisher's Chapter 11 bankruptcy filing, according to an SEC document released Tuesday. |
| Sector Snap: Airlines gain (AP) |
| Tue, 6 Jan 2009 17:41:18 Etc/GMT |
| Investors shrugged off a bump in oil prices and pushed airline stocks higher Tuesday, as carriers offered some hints that a downturn in air travel could be less severe than had been feared. |
| Sector Snap: Analyst picks include Bally Tech, WMS (AP) |
| Tue, 6 Jan 2009 17:41:17 Etc/GMT |
| Bally Technologies Inc. and WMS Industries Inc. are among the favorites in the gambling equipment supplier sector this year due to their ability to report 2008 profit and revenue increases despite challenging economic conditions, an analyst said Tuesday. |
| Evergreen Solar shares fall on news of 4Q charges (AP) |
| Tue, 6 Jan 2009 17:41:16 Etc/GMT |
| Shares of Evergreen Solar dropped on Tuesday following news that the company closed its Marlboro facility and will incur up to $30.4 million in related costs. |
| Talbots shares jump after it secures committed credit (Reuters) |
| Tue, 6 Jan 2009 17:15:19 Etc/GMT |
| Talbots Inc shares jumped 24 percent on Tuesday, a day after the women's apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit. |
| Allied Capital shares rise for 5th straight day (AP) |
| Tue, 6 Jan 2009 17:07:40 Etc/GMT |
| Shares of Allied Capital Ltd. rose for a fifth straight day Tuesday after an analyst doubled his price target for the stock, a week after the company amended the terms of credit agreements. |
| Manhattan housing up in 4Q, but luxury market down (AP) |
| Tue, 6 Jan 2009 16:50:38 Etc/GMT |
| Park Avenue property owners are feeling a little poorer. In what seemed like a New York-minute, prices of luxury homes in the area suddenly started to fall. One penthouse owner on Central Park West repeatedly slashed the asking price down to $9.9 million from an original $16.5 million -- and still no takers. |
| ICE shares fall as analysts cut views (AP) |
| Tue, 6 Jan 2009 16:40:50 Etc/GMT |
| Shares of IntercontinentalExchange Inc. tumbled Tuesday as two analysts cut their ratings on the stock while a third slashed his earnings estimates as ICE reported a slowdown in energy contract commission volume. |
