Par shares return gains on sales concern
CNBC - NEW YORK - Share gains made Monday on Par Pharmaceutical Co.’s fourth-quarter report were mostly reversed Tuesday, as Wall Street cast a skeptical outlook on the drug developer’s future revenue potential. Shares fell $1.12, or 5.8 percent, to $18.11
Paris shares close down on weak euro zone data; auto stocks, US weigh
Stockhouse Canada - US, Wall Street was dragged lower by bleak forecasts from Citigroup and Intel. The CAC-40 index completed down 66.75 points, or 1.41 pct, at 4,675.91. Among CAC-40 stocks, 5 shut higher and 35 shut lower. On the Matif, March CAC-40 futures were
Bernanke Wants To Prevent Foreclosures
Stockhouse Canada - As has become customary on Wall Street, U.S. stocks dropped in response to Bernanke’s comments, despite his having said nothing new or even particularly pessimistic.
Barr Pharmaceuticals shares rise on outlook for generic birth control
CNBC - NEW YORK - Shares of Barr Pharmaceuticals Inc. jumped Tuesday as Wall Street predicted the drug developer would gain more revenue from generic sales of the birth-control pill Yasmin following a patent dispute victory. The stock gained $3.80, or 8.3
Amsterdam shares close lower, dragged down by Wall Street jitters
Forbes - AMSTERDAM (Thomson Financial) - Shares shut lower, but off intra-day lows, as corporate earnings’ concerns on Wall Street dragged the index down. The AEX shut down 5.18 points, or 1.17 pct, at 436.30 after opening at 442.01 and reaching an intra
Wall St hit by fears of further bank writedowns
Financial Times - Wall Street falls led by financials By Stacy-Marie Ishmael in New York Published: March 4 2008 13:51 | Last updated: March 4 2008 17:58
ABM Cleans Up On Wall Street
Stockhouse Canada - Despite reporting weak, first-quarter earnings, investors rallied around ABM Industries, the blue-collar janitorial services company, on Tuesday. Shares in San Francisco-based ABM Industries ABM also reported that its earnings dropped during the
Workers in UAE can now receive salaries at doorstep
Webindia 123 - Workers in the construction sector in the UAE can now receive their salaries at their doorstep, thanks to Wall Street Exchange, the financial services arm of Emirates Post Group. Wall Street Exchange has started disbursing salaries through mobile
Brussels shares close lower as Wall St weighs
Forbes - BRUSSELS (Thomson Financial) - Brussels shares closed lower as corporate earnings’ concerns on Wall Street weighed on the Bel 20 index. At the close, the Bel 20 was down 29.37 points or 0.79 pct at 3,675.01. Copyright Thomson Financial News Limited
WellCare Health Plans delays 10-K filing
Boston Globe - According to a Wall Street Journal report in November, a search of WellCare’s headquarters was spurred in part by allegations that the company inflated the amount it spent on mental-health care in order to keep money it should have refunded to
Salix shares fall on 4Q loss, outlook
CNBC - NEW YORK - Shares of drug developer Salix Pharmaceuticals Ltd. fell to their lowest point in almost five years Tuesday after the company said it swung to a fourth-quarter loss and its 2008 loss will be wider than Wall Street anticipates. The stock fell
AeroVironment Shares Fall on 3Q Sales
Forbes - Shares of AeroVironment Inc. fell in Tuesday afternoon trading after the unmanned-aircraft maker reported fiscal third-quarter sales far below Wall Street’s estimates. The stock dropped $1.81, or 8.6 percent, to $19.33. For the period ended Jan. 26
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