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CompareCC News Archive Listing for Stocks and Investing during 2009-08-20.
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Asia markets gain as China wobbles ease, oil jumps
 
AP - Asian stocks rebounded Thursday as China's wobbling market clawed back some of its steep losses and oil prices jumped on signs of improving demand.
Shanghai stocks rebound 4 percent, drive Asia gains
 
Reuters - Chinese shares clawed higher on Thursday after a two-week sell-off, giving a boost to Asian stock indexes and commodities even as many investors remained worried that the Shanghai slide may have more room to run.
World stocks up strongly as China bounces back
 
AP - World stock markets rose strongly Thursday after Chinese shares enjoyed their biggest rally since March, a day after slumping nearly 5 percent and officially entering a bear market.
Sears moves to 2Q loss on store closings, costs
 
AP - Sears Holdings says it lost money in its second quarter, dragged down by store closings, severance and pension plan costs and lower sales.
CORRECTED: Stock futures rise after China rally
 
Reuters - Stock index futures edged higher on Thursday following a rally in Chinese equities and ahead of data expected to show a dip in jobless claims after a surprise increase in the prior period.
European stocks energised by higher oil prices
 
AFP - European equities bounced higher on Thursday after strong gains elsewhere, as the energy sector was lifted by a recent surge in oil prices amid easing global economic worries, traders said.
Euro gains as Chinese stocks rebound
 
AFP - The euro rose on Thursday as a rebounding Chinese stock market led to investors buying the single currency in preference to the dollar and yen which are viewed as less risky currencies, traders said.
Heinz 1Q profit drops but tops analysts' estimates
 
AP - H.J. Heinz Co. said Thursday that its fiscal first-quarter profit fell 7 percent partly on the stronger dollar, but the results topped analysts' estimates.
Suntech Power 2Q profit falls on pricing pressure
 
AP - Chinese solar energy company Suntech Power Holdings Co. Ltd. on Thursday posted an 81 percent drop in second-quarter earnings, driven by sales pricing pressure, and cut its full-year shipment outlook.
Hormel 3Q profit rises 49 pct despite sales drop
 
AP - Hormel Foods, maker of Spam, Dinty Moore stews and Chi-Chi's Mexican products, said Thursday that its third-quarter profit rose 49 percent as costs fell.
Heinz quarterly profit down on stronger dollar
 
Reuters - H.J. Heinz Co posted lower quarterly profit on Thursday as the stronger dollar cut into sales overseas.
Rio Tinto's profit slumps 65 percent
 
AP - Mining giant Rio Tinto said sharp falls in metals and mineral prices were behind first-half profit dropping by nearly two thirds.
World stocks up as China bounces back
 
AP - World stock markets rose Thursday after Chinese shares bounced back with their biggest rally since March, a day after slumping nearly 5 percent.
Stocks higher after positive economic forecast
 
AP - Investors are placing small bets on stocks as they keep receiving mixed signals about an economic recovery.
Sears shares plunge on surprise 2Q loss
 
AP - Sears Holdings Corp. said Thursday that it lost money in its second quarter — missing expectations — as its results were dragged down by lower sales and one-time costs, causing shares to plunge.
Dick's Sporting Goods profit down, beats street
 
AP - Dick's Sporting Goods Inc. on Thursday reported a 2.5 percent slip in its second-quarter profit, but results beat Wall Street estimates and the company raised its full-year outlook, sending shares soaring.
Earnings schedule for week of 8/24/09
 
AP - Major companies tentatively scheduled to report quarterly earnings next week:
Barnes & Noble 2nd-qtr profit beats expectations
 
AP - Barnes & Noble Inc., the nation's largest bookstore chain, said Thursday its second-quarter profit fell 27 percent, but results beat analyst expectations as the company cut costs.
Patterson profit dips on lower office supply sales
 
AP - Patterson Cos. said Thursday that dentists kept buying crown-making systems in the fiscal first quarter, but cut back on buying items like chairs and lights.
Ship Finance says it earned $53.5 million
 
AP - Bermuda-based Ship Finance International Ltd. said Thursday that preliminary results show it earned $53.5 million in the quarter ended June 30.
Toro 3Q profit falls but beats estimates
 
AP - Toro Co., which makes outdoor maintenance equipment, said Thursday its third-quarter profit dropped 48 percent as tough economic demand kept professional customers away and sent its sales tumbling.
Stocks higher on improving manufacturing data
 
AP - The stock market trudged higher Thursday, with investors placing small bets on stocks amid the latest mixed signals on the economy.
GOP adds ex-SEC commissioner to bailout watchdog
 
AP - Paul S. Atkins, a former member of the Securities and Exchange Commission and strong advocate of free-market capitalism, has been appointed to the congressional panel overseeing the $700 billion financial bailout.
Stocks advance on more signs of economic pickup
 
AP - Investors have placed some more cautious bets on stocks after seeing more signs that the economy is creeping toward recovery.
Gap reports slightly higher 2Q profit
 
AP - Gap Inc. reported that second-quarter earnings rose slightly from a year earlier, slightly beating Wall Street expectations despite a 7 percent decline in sales, as the apparel chain cut costs.
Sears Holdings 2Q results at a glance
 
AP - THE NUMBERS: Sears Holdings Corp. lost $94 million, or 79 cents per share, for the three month period ended Aug. 1. That's compares with a profit of $65 million, or 50 cents per share, a year ago. Revenue slid 10 percent to $10.55 billion.
SEC: San Diego man ran big investment scam
 
AP - The Securities and Exchange Commission says a San Diego man accused of securities fraud used millions of dollars from investors to buy luxury properties and cars.
Intuit posts wider 4Q loss as sales slow, costs up
 
AP - Personal finance and business software maker Intuit Inc. on Thursday posted a wider loss for its fiscal fourth quarter as revenue slipped while expenses rose.
Nikkei edges down as exporters retreat
 
Reuters - Japan's Nikkei stock average edged down 0.4 percent on Friday, with exporters such as Toyota Motor (7203.T) retreating along with shipping firms.
Open Text reports decline in 4Q profit
 
AP - Business software provider Open Text Corp. said Thursday its fiscal fourth-quarter profit fell 40 percent as higher costs and expenses offset a small gain in revenue, but adjusted results beat Wall Street expectations.
Mentor Graphics 2Q results top estimates
 
AP - Mentor Graphics Corp., which makes electronics-testing software, on Thursday reported a wider second-quarter loss but adjusted results and sales topped Wall Street expectations by a wide margin.
Zygo reports $47.4M fiscal 4Q loss
 
AP - Zygo Corp., maker of optical components and fiber optic network modules, reported Thursday that it suffered a $47.4 million fiscal 2009 fourth-quarter loss, compared with a small year-ago profit, as revenue plunged 50 percent.
Books-A-Million 2Q earnings double
 
AP - Retailer Books-A-Million Inc. said Thursday its second-quarter earnings more than doubled on lower interest expenses despite lower sales.

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