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CompareCC News Archive Listing for Stocks and Investing during 2010-03-02.
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FTSE 0.38% higher at the open
 
AFP - London's FTSE 100 opened higher on Tuesday, gaining 0.38 percent to 5,426.27 points.
Wall Street futures flat; economic data awaited
 
Reuters - Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were little changed at 0950 GMT (4:50 a.m. ET).
Stock futures rise following gains overseas
 
AP - Stock futures rose Tuesday following gains globally overnight.
European equities firm, with focus on Greece
 
AFP - Europe's main stock markets rose on Tuesday as investors awaited further crucial developments on the Greek debt crisis this week.
Dow set for positive 2010 as Greek debt fears ease
 
Reuters - U.S. stocks were set for a higher open on Tuesday, a day after the S&P 500 moved into positive territory for the year, as Greece appeared to be making progress toward a resolution on aid from the European Union.
General Growth Properties to relist shares on NYSE
 
AP - General Growth Properties Inc., which last year filed the largest U.S. real estate bankruptcy case in history, said Tuesday that it applied to relist its shares on the New York Stock Exchange.
Dow Chemical to sell Styron unit for $1.63 billion
 
AP - Dow Chemical is selling its Styron Division to private equity firm Bain Capital for $1.63 billion.
Cooper Tire & Rubber posts 4Q profit
 
AP - Cooper Tire & Rubber Co. reported a profit for the fourth quarter on Tuesday, boosted by improving tire sales and smaller one-time expenses.
Staples net falls, shares drop
 
Reuters - Staples Inc reported lower-than-expected quarterly profit on weak demand for big-ticket items, and forecast full-year earnings well below analysts' expectations, sending its shares down 7 percent.
Greek bailout hopes buoy world markets
 
AP - World stock markets mostly rose Tuesday amid mounting confidence of a German-led bailout of Greece, while the selling pressure on the euro and the British pound eased a day after they sank to near ten-month lows against the dollar.
Wall Street positive for 2010 as Greece deal urged
 
Reuters - U.S. stocks rose on Tuesday, with major indexes turning positive for the year, as Greece appeared to be taking steps toward a resolution on aid from the European Union.
Wall St gains on M&A, outlook for Greece aid
 
Reuters - U.S. stocks rose on Tuesday as an increase in mergers and acquisitions and signs of progress in securing European financial support for Greece relieved investor fears.
FTSE 100 closes on firm note
 
AFP - Shares in London were firm at the end of trade on Tuesday as investors awaited further crucial developments on the Greek debt crisis this week.
Glance: Staples 4th-quarter results
 
AP - Staples reported that sales improved in its fiscal fourth quarter, which ended Jan. 30, though its profit fell from a year earlier. Here are details.
Summary box: Staples 4th-quarter results
 
AP - SALES IMPROVING: Staples' sales to both consumers and small businesses improved in North America during its fourth quarter. Overall revenue rose 4 percent, the second quarter of improvement after four quarters of declines.
Staples issues tepid FY forecast; shares fall
 
Reuters - Office products retailer Staples Inc gave a weaker-than-expected forecast for 2010, as it invests to expand its store base and technology business, sending its shares down more than 7 percent.
WSJ's New York section to launch in April
 
AP - News Corp. Chairman Rupert Murdoch said Tuesday that The Wall Street Journal will launch its New York metro section in April.
Stocks up as Greek meltdown fears wane, M&A boosts
 
Reuters - Stocks headed for a third straight day of gains on Tuesday as investors drew cheer from more mergers and acquisitions and signs of progress in securing European financial backing for Greece.
Mindray 4Q profit rises on greater sales in China
 
AP - Medical device maker Mindray Medical International Ltd. said its profit grew 18 percent in the fourth quarter due to greater sales in China.
KKR Financial shares jump as 4Q earnings improve
 
AP - Shares of KKR Financial Holdings jumped Tuesday after the investment firm reported stronger fourth-quarter earnings.
M&A lifts stocks but gains fade late in day
 
Reuters - Stocks ended slightly higher on Tuesday as mergers and acquisitions supported selected sectors, but investors pulled back from recent gains in some big-cap technology and bank shares.
Staples, Qualcomm, Domino's are big movers
 
AP - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Tech Data 4Q profit up; 1Q growth seen subpar
 
AP - Information technology products distributor Tech Data Corp. said Tuesday its fourth quarter net profit rose 23 percent thanks to the weak dollar and a one-time tax benefit.
Ctrip.com to sell 5.7 million US shares
 
AP - Ctrip.com International Ltd., which sells travel in China, said on Tuesday that it would sell 5.7 million American depositary shares, which will represent one-quarter of an ordinary share in the company.
Summary Box: Prospect of more mergers lifts stocks
 
AP - RISING CONFIDENCE: Stocks edged higher for a third day as more companies said they were pursuing acquisitions. When companies buy rivals it's often a sign that they expect the economy, and earnings, to improve.
SEC to beef up its NYC office in 2010
 
Reuters - The Securities and Exchange Commission plans to expand its New York office by about 8 percent this year as the financial regulator focuses more heavily on catching cheaters at hedge funds and brokerages.
Earnings roundup: Kenneth Cole, Ferro
 
AP - Among the earnings stories for Tuesday, March 2, from AP Financial News:
VeriFone posts quarterly profit, but shares fall
 
AP - VeriFone Holdings Inc. posted a profit in the latest quarter as the maker of electronic payment equipment benefited from higher sales.
SciClone Pharma reports 4Q profit on sales
 
AP - SciClone Pharmaceuticals Inc. reported a fourth-quarter profit on higher sales of the vaccine booster Zadaxin and lower costs.
Nektar Therapeutics reports 4Q loss on costs
 
AP - Biotechnology company Nektar Therapeutics Inc. reported a fourth-quarter loss on Tuesday due to a surge in operating costs.
Jakks Pacific reports 4Q loss, lower sales
 
AP - Toy company Jakks Pacific Inc. posted a fourth-quarter loss Tuesday, weighed by charges and lower sales, reversing a profit a year earlier.
Human Genome 4Q loss narrows on revenue boost
 
AP - Human Genome Sciences Inc. said Tuesday its fourth-quarter loss narrowed on boost from partnership payments and sales of the inhaled anthrax treatment ABthrax to the U.S. government.
Applied Signal posts fiscal 1Q profit
 
AP - Applied Signal Technology Inc., a manufacturer of intelligence, surveillance and reconnaissance products, posted a smaller first-quarter profit than a year ago as shipments of some tactical products declined.

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