(Reuters) - Traders said this week's big theme will be any yen-friendly comments leading up to Friday's G7 meeting.
G7 officials in the past have said yen weakness runs counter to Japan's economic recovery and warned investors they could be burned making such one-way currency bets.
Read more at Reuters.com Hot Stocks News
Monday, April 9, 2007
US mortgage rates unchanged on Monday -BestInfo
(Reuters) - The 30-year mortgage rate with one upfront point was unchanged at 6-1/8 percent.
The 30-year mortgage rate with two upfront points was unchanged at 5-7/8 percent.
Read more at Reuters.com Bonds News
The 30-year mortgage rate with two upfront points was unchanged at 5-7/8 percent.
Read more at Reuters.com Bonds News
Security Bank to buy First Commerce Community for $56.6 mln
(Reuters) - First Commerce Community Bankshares will pay its shareholders a one-time, special cash dividend not exceeding $3.16 million in total prior to the closing of the deal, Security Bank said in a statement.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 1-99 Cents Only quarterly total sales rise 9.4 pct
(Reuters) - The company's retail sales for the quarter were up 9.2 percent at $267.2 million, it said in a statement.
Same-store sales for the quarter increased 2.9 percent compared with the same quarter last year.
Read more at Reuters.com Market News
Same-store sales for the quarter increased 2.9 percent compared with the same quarter last year.
Read more at Reuters.com Market News
UPDATE 1-Johns Hopkins probes official on student loan fees
(Reuters) - The move is the latest development in a widening scandal in the student lending industry, which is under investigation by New York Attorney General Andrew Cuomo for allegedly paying kickbacks to universities and their financial aid professionals.
Ellen Frishberg, director of student financial services at the Johns Hopkins main campus, received $43,000 of consulting payments from CIT unit Student Loan Xpress and $22,000 in tuition payments for a doctoral program she was enrolled at, the university said, citing information it received from CIT.
Read more at Reuters.com Bonds News
Ellen Frishberg, director of student financial services at the Johns Hopkins main campus, received $43,000 of consulting payments from CIT unit Student Loan Xpress and $22,000 in tuition payments for a doctoral program she was enrolled at, the university said, citing information it received from CIT.
Read more at Reuters.com Bonds News
UPDATE 1-Mosaid remains open to sale, merger, new CEO says
(Reuters) - TORONTO, April 9 - Semiconductor patent licensing firm Mosaid Technologies Inc. remains open to a merger or sale of the entire company despite its recent restructuring, its new chief executive said on Monday.
Mosaid, which in February announced the sale of key parts of its automatic test equipment business to Teradyne Inc. for C$20 million in cash, is "still receptive to looking at various alternatives," CEO John Lindgren said in an interview.
Read more at Reuters.com Mergers News
Mosaid, which in February announced the sale of key parts of its automatic test equipment business to Teradyne Inc. for C$20 million in cash, is "still receptive to looking at various alternatives," CEO John Lindgren said in an interview.
Read more at Reuters.com Mergers News
Nasdaq has 73 new listings in first quarter
(Reuters) - The top U.S. electronic stock exchange had 73 new listings over the first quarter of 2007 including 42 initial public offerings, the most IPOs in a first quarter on the exchange since the same period seven years ago.
Nasdaq also said it listed six of the 10 largest U.S. IPOs by proceeds during the quarter.
Read more at Reuters.com New Issues News
Nasdaq also said it listed six of the 10 largest U.S. IPOs by proceeds during the quarter.
Read more at Reuters.com New Issues News
Apology by radio jock Imus gets cool reception
(Reuters) - Host of the syndicated program "Imus In the Morning," Imus has been publicly apologizing after he referred to the predominantly black Rutgers University team as "nappy-headed hos " last Wednesday.
Sharpton joined calls from black leaders across the country for Imus to be fired for the comment, made after Rutgers lost to Tennessee in the national collegiate championship game. Sharpton did not retract the calls when Imus spoke on Sharpton's own radio show.
Read more at Reuters.com Bonds News
Sharpton joined calls from black leaders across the country for Imus to be fired for the comment, made after Rutgers lost to Tennessee in the national collegiate championship game. Sharpton did not retract the calls when Imus spoke on Sharpton's own radio show.
Read more at Reuters.com Bonds News
TREASURIES-Bond prices little changed in range-bound trade
(Reuters) - An unexpectedly robust snapshot of the U.S. labor market released on Friday suggested the Federal Reserve would not consider reducing interest rates until at least the second half of the year, sending Treasuries sharply lower.
On Monday, the market seemed to have found a footing, with benchmark 10-year notes trading 1/32 higher in price for a yield of 4.75 percent, just below the six-week high the yield hit on Friday.
Read more at Reuters.com Bonds News
On Monday, the market seemed to have found a footing, with benchmark 10-year notes trading 1/32 higher in price for a yield of 4.75 percent, just below the six-week high the yield hit on Friday.
Read more at Reuters.com Bonds News
US RATE FUTURES-Snuffing out prospects for '07 Fed cuts
(Reuters) - The Labor Department's Easter surprise, showing March job creation well above expectations, pushed the chance for a Fed ease by June , as measured in futures, to 10 percent from about 30 percent in late March.
Futures suggest a year-end federal funds rate of 4.97 percent versus 4.81 percent before the jobs data. For much of March, futures hinted that the Fed would cut rates two or three times before year-end from the current 5.25 percent.
Read more at Reuters.com Bonds News
Futures suggest a year-end federal funds rate of 4.97 percent versus 4.81 percent before the jobs data. For much of March, futures hinted that the Fed would cut rates two or three times before year-end from the current 5.25 percent.
Read more at Reuters.com Bonds News
GLOBAL MARKETS-U.S. stocks cling to gains, oil slides
(Reuters) - NEW YORK, April 9 - U.S. stocks struggled to hold on to slim gains on Monday as worries about earnings offset optimism over strong job growth and falling oil prices.
Government bonds held firm after trimming some of Friday's losses in the wake of a surprisingly strong March employment report, but benchmark yields remained near their highest since mid-February. Stock markets were closed on Friday.
Read more at Reuters.com Bonds News
Government bonds held firm after trimming some of Friday's losses in the wake of a surprisingly strong March employment report, but benchmark yields remained near their highest since mid-February. Stock markets were closed on Friday.
Read more at Reuters.com Bonds News
Electronic Arts says no signed agreement with The9
(Reuters) - "There is no signed agreement with The9," said EA spokesman Jeff Brown. He declined to elaborate, saying the company does not comment on rumors and speculation.
The newspaper also reported that Shanghai-based The9 had obtained the exclusive right to run EA's casual game FIFA online in China at the end of March.
Read more at Reuters.com Mergers News
The newspaper also reported that Shanghai-based The9 had obtained the exclusive right to run EA's casual game FIFA online in China at the end of March.
Read more at Reuters.com Mergers News
Marathon sees lower oil and gas sales
(Reuters) - The company said it expects to report that oil and gas sales in the quarter came to 338,000 barrels of oil equivalent per day . It sold 348,000 boepd in the same period in 2006 and 357,000 boepd in the 2006 fourth quarter.
Marathon expects its oil and gas production in the first quarter to be about 343,000 boepd, compared with its forecast range of 335,000 to 355,000.
Read more at Reuters.com Business News
Marathon expects its oil and gas production in the first quarter to be about 343,000 boepd, compared with its forecast range of 335,000 to 355,000.
Read more at Reuters.com Business News
Sanmina-SCI cuts revenue forecast on weak demand
(Reuters) - Citing soft demand and excess inventories in its supply channel, the contract electronics manufacturer cut its revenue estimate for the March quarter to $2.6 billion from previous guidance of $2.65 billion to $2.75 billion.
Sanmina-SCI, a leading maker of printed circuit boards and memory modules, churns out products for top technology companies like IBM , Hewlett-Packard , Nortel and Nokia . It said the weakness in demand was spread broadly among several customers.
Read more at Reuters.com Business News
Sanmina-SCI, a leading maker of printed circuit boards and memory modules, churns out products for top technology companies like IBM , Hewlett-Packard , Nortel and Nokia . It said the weakness in demand was spread broadly among several customers.
Read more at Reuters.com Business News
US STOCKS-Indexes flat as earnings jitters offsets jobs
(Reuters) - NEW YORK, April 9 - U.S. stocks were flat on Monday as concern about slower first-quarter earnings growth offset data showing surprisingly strong job growth last month.
The first major financial reports begin later this week, and expectations for profit growth by Standard & Poor's 500 companies fell to 5.0 percent compared with a year ago from a 9.2 percent estimate when the quarter began, according to a Reuters Estimates survey. For details, see [ID:nN09303636].
Read more at Reuters.com Bonds News
The first major financial reports begin later this week, and expectations for profit growth by Standard & Poor's 500 companies fell to 5.0 percent compared with a year ago from a 9.2 percent estimate when the quarter began, according to a Reuters Estimates survey. For details, see [ID:nN09303636].
Read more at Reuters.com Bonds News
IMF's Rato - Risks to world growth have declined
(Reuters) - "But some of the risks are different, and there is a greater consciousness of the uncertainties and paradoxes that lie behind our current prosperity," he said.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Dow Chemicals avoiding Bhopal tragedy: activists
(Reuters) - In a letter obtained by activists, the Michigan-based company urged the Indian government to drop a clean-up suit against the firm for the industrial disaster, saying that would help create a climate for future investments by the company in India.
"This letter is another indication of how Dow is trying to avoid accepting Bhopal as their liability," Rachna Dhingra from the Bhopal Group for Information and Action told a news conference.
Read more at Reuters.com Business News
"This letter is another indication of how Dow is trying to avoid accepting Bhopal as their liability," Rachna Dhingra from the Bhopal Group for Information and Action told a news conference.
Read more at Reuters.com Business News
UPDATE 1-NightHawk says buys Radlinx Group, CFO to leave
(Reuters) - The provider of off-hours radiology services said it expects the deal to add about 5 cents a share to earnings in 2007, excluding non-cash stock compensation and amortization of intangibles, tax effected.
The Coeur d'Alene, Idaho-based company expects the acquisition of Radlinx Group and its 303 hospitals to contribute $17 million to $19 million in revenue for the remainder of 2007.
Read more at Reuters.com Mergers News
The Coeur d'Alene, Idaho-based company expects the acquisition of Radlinx Group and its 303 hospitals to contribute $17 million to $19 million in revenue for the remainder of 2007.
Read more at Reuters.com Mergers News
Barr says U.S. to reissue patent on contraceptive
(Reuters) - The U.S. Patent and Trademark Office has not provided a time frame for reissuing the patent, Barr said.
Watson Pharmaceuticals Inc. launched a generic version of Seasonale last fall.
Read more at Reuters.com Government Filings News
Watson Pharmaceuticals Inc. launched a generic version of Seasonale last fall.
Read more at Reuters.com Government Filings News
Dow shares jump on buyout talk; analysts skeptical
(Reuters) - At least half of the capital is being provided by investors from Saudi Arabia, Kuwait, Bahrain, Qatar, United Arab Emirates and Oman, with the rest contributed by a number of U.S. buyout firms, including Kohlberg Kravis Roberts [KKR.UL], it said.
Dow said it would not comment on market rumors and speculation.
Read more at Reuters.com Bonds News
Dow said it would not comment on market rumors and speculation.
Read more at Reuters.com Bonds News
CIT places student-loan unit executives on leave
(Reuters) - New York Attorney General Andrew Cuomo is probing the extent to which universities and their financial aid officials are receiving improper kickbacks from student loan companies in exchange for steering students to lenders.
Cuomo's office said last week it is investigating grants of stock from Student Loan Xpress's holding company to financial aid officers at three major U.S. universities.
Read more at Reuters.com Business News
Cuomo's office said last week it is investigating grants of stock from Student Loan Xpress's holding company to financial aid officers at three major U.S. universities.
Read more at Reuters.com Business News
UPDATE 1-Citigroup may buy Old Lane hedge fund firm - WSJ
(Reuters) - NEW YORK, April 9 - Citigroup Inc. is in talks to buy Old Lane LP, a hedge fund firm co-founded by Vikram Pandit, in a move that could put the former Morgan Stanley executive in line for a top job at the largest U.S. bank, The Wall Street Journal said on Monday.
The purchase price for Old Lane could top $600 million, the newspaper said, citing people familiar with the matter. If a purchase is completed, Pandit would become chief executive of Citigroup's alternative investments unit, the newspaper said.
Read more at Reuters.com Mergers News
The purchase price for Old Lane could top $600 million, the newspaper said, citing people familiar with the matter. If a purchase is completed, Pandit would become chief executive of Citigroup's alternative investments unit, the newspaper said.
Read more at Reuters.com Mergers News
Affordable Residential to sell home community business
(Reuters) - The deal would mean Farallon is buying substantially all of Affordable Residential's operating assets except for its recently acquired insurance unit NLASCO.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
IMF's Rato says European economies solid - paper
(Reuters) - Europe's economies are growing solidly but governments must not forget the long-term challenges of raising growth potential and cutting high unemployment, IMF Managing Director Rodrigo Rato said in an interview on Monday.
Rato also warned Europe against protectionism and said all countries, particularly the large ones, must do their bit to bring the Doha trade talks to a successful conclusion.
Read more at Reuters Africa
Rato also warned Europe against protectionism and said all countries, particularly the large ones, must do their bit to bring the Doha trade talks to a successful conclusion.
Read more at Reuters Africa
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