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June 19, 2010

Wall St grinds higher in light session

Filed under: Interesting,Medical,News — admin @ 1:54 am

NEW YORK (Reuters) – U.S. stocks ground higher in another lightly traded session on Friday, ending a nervous week with gains despite signs of economic weakness at home and worries about public debt in Europe.


Special Report: Amid the Gulf crisis, Wall St touted BP stock

Filed under: Interesting,Medical,News — admin @ 1:54 am

BOSTON (Reuters) – As early word of BP’s Deepwater Horizon blowout began spreading, investors panicked. After closing above before the April 20 disaster, the energy giant’s shares plunged almost 20 percent in New York, to below , in just two weeks.


Walgreen and CVS settle drug plan fight

Filed under: Interesting,Medical,News — admin @ 1:54 am

NEW YORK (Reuters) – CVS Caremark Corp and Walgreen Co ended an 11-day standoff over reimbursements for drug prescriptions, saving a relationship worth billions of dollars and lifting shares of the two biggest U.S. drugstore chains.


U.S., China face off over currency ahead of G20

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WASHINGTON/BEIJING (Reuters) – The United States pressed China on Friday to move toward a market-based exchange rate, but Beijing said not to meddle with its management of the yuan, setting the stage for a clash at next week’s G20 summit.


Ford aims to reinvent Explorer, recapture sales

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DETROIT (Reuters) – Ford Motor Co is counting on a leaner and greener makeover of its Explorer to find new buyers for a once hot-selling sport utility vehicle that powered the automaker’s profits a decade ago.


Borders CFO takes chief operating officer job

Filed under: Interesting,Medical,News — admin @ 1:54 am

NEW YORK (Reuters) – Borders Group Inc Chief Financial Officer Mark Bierley is taking on the additional role of chief operating officer, the latest change to the U.S. bookseller’s upper management ranks.


Toyota halts China factory after supplier strike

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TOKYO (Reuters) – Toyota Motor Corp halted production at its main factory in China on Friday after a strike at a maker of plastic parts disrupted supply, the carmaker said on Saturday.


Traders go World Cup crazy as markets languish

Filed under: Interesting,Medical,News — admin @ 1:54 am

NEW YORK (Reuters) – With the U.S. team playing in the World Cup tournament, Wall Street traders are taking advantage of mediocre volume to focus on the games, with trading floor atmosphere anything but dull.


Gold hits record as investors seek alternate asset

Filed under: Interesting,Medical,News — admin @ 1:54 am

NEW YORK/LONDON (Reuters) – Gold rallied on Friday to an all-time record above ,260 an ounce, as investors looked to precious metals for an alternative to equity or debt investments given renewed uncertainty about the economic recovery.


Momentum in stocks’ favor but trading choppy

Filed under: Interesting,Medical,News — admin @ 1:54 am

NEW YORK (Reuters) – U.S. stocks have momentum on their side next week, though seesawing sentiment could roil the markets and investors will scrutinize comments from the Federal Reserve to gauge the strength of the economic recovery.


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