All Entries Tagged With: "market-pulse"
Rackspace jumps 11% as results impress Street
[unable to retrieve full-text content] SAN FRANCISCO (MarketWatch) – Shares of Rackspace Hosting jumped about 11% to $54.73 on Tuesday getting a lift from upbeat results and bullish commentary on the data storage system company’s growth potential. Rackspace also crossed the $50 mark to reach an all-time high of $54.80 as analysts noted its strong position in the cloud computing market. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Gold down as Greece fails to ignite safe-haven buy
[unable to retrieve full-text content] SAN FRANCISCO (MarketWatch) — Gold futures ended lower Monday, pressured by a rising dollar and moving alongside oil and U.S. stocks as the deteriorating situation in Greece failed to ignite safe-haven flows for gold. The metal for April delivery retreated $15.40, or 0.9%, to end at $1,724.90 an ounce on the New York Mercantile Exchange.
China bans airlines from paying E.U. carbon tax
[unable to retrieve full-text content] HONG KONG (MarketWatch) — China’s aviation regulator has banned domestic airlines from participating in the European Union’s Emissions Trading Scheme, according to a report Monday by the state-run Xinhua news agency.
Oil at six-week low on supply and demand woes
[unable to retrieve full-text content] SAN FRANCISCO (MarketWatch) — Crude-oil futures ended at their lowest since mid December on the continued reverberations of a higher-than-expected crude supply increase and lower product demand. Oil for March delivery declined $1.25, or 1.3%, to $96.36 a barrel on the New York Mercantile Exchange
China says latest WTO ruling anti-environmental
[unable to retrieve full-text content] HONG KONG (MarketWatch) — Beijing said Tuesday it regretted the World Trade Organization’s decision to uphold a ruling against China in a case involving the export of raw materials, saying the decision placed priority on free trade above member-states’ responsibilities to protect the environment. “The WTO should not only uphold free trade but also allow members to take necessary steps to protect the environment and natural resources,” China’s Ministry of Commerce said Tuesday in a statement posted on its website. The WTO panel’s decision Monday upheld a July ruling that China’s export duties and export quotas on several forms of bauxite, coke, fluorspar, magnesium, manganese, silicon carbide, silicon metal, yellow phosphorus and zinc violated trade rules
UniCredit shares off 7% as rights issue kicks in
[unable to retrieve full-text content] MADRID (MarketWatch) — Shares of UniCredit SpA fell 7.5% on Monday, which marked the first day of a rights issue for the Italian bank. The group is issuing 7.5 billion euros ($9.6 billion) in new shares at €1.943, offering two new shares for every one held. Shares of UniCredit lost 36% last week on the heels of the Jan.
WSJ: regulators seize unit of PMI Group Inc.
[unable to retrieve full-text content] CHICAGO (MarketWatch) — Insurance regulators in Arizona have taken over the main subsidiary of mortgage insurer PMI Group Inc. , the Wall Street Journal reported Saturday
U.S. stocks erase losses and push higher
[unable to retrieve full-text content] SAN FRANCISCO (MarketWatch) — The Dow Jones Industrial Average bounced back hard from triple-digit declines Thursday, pushing up 41 points to 11,546 in midday trading. The S&P 500 Index also turned higher, while the Nasdaq Composite Index lingered in negative territory. The broad reversal gained traction on reports that Sunday’s summit meeting of euro-zone leaders will be followed by a second meeting no later than Wednesday
U.S. stocks erase losses and push higher
[unable to retrieve full-text content] SAN FRANCISCO (MarketWatch) — The Dow Jones Industrial Average bounced back hard from triple-digit declines Thursday, pushing up 41 points to 11,546 in midday trading.
U.S. stocks erase losses and push higher
[unable to retrieve full-text content] SAN FRANCISCO (MarketWatch) — The Dow Jones Industrial Average bounced back hard from triple-digit declines Thursday, pushing up 41 points to 11,546 in midday trading. The S&P 500 Index also turned higher, while the Nasdaq Composite Index lingered in negative territory