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Financial Stocks are outperforming helped by strong gains from Bank of America Corporation after it settled claims with a group of bondholders to pay $8.5 billion. Other financial stocks also moved higher following Greek Prime Minister George Papandreou secured a majority of vote of planned austerit...
Read More →On Monday, Saudi Arabian Oil Company and ITT Corporation (NYSE:ITT) announced that they have signed a detailed seven-year strategic partnership agreement for ITT to serve as provider of products and services to the world’s largest oil producer for oil, gas and petrochemical projects in Saudi Arabi...
Read More →On Tuesday, Pfizer Inc. (NYSE:PFE) informed that it has filed for marketing approval of its drug candidate axitinib as a treatment for advanced renal cell carcinoma, the most common type of kidney cancer. Pfizer Inc. is a research-based, global biopharmaceutical company. Currently the company is loo...
Read More →U.S. stocks continued to gain on Tuesday fueled by strong earnings from Nike Inc and amid rumors that problem of Greek’s debt could be solved in the next meeting which is scheduled tomorrow. The Dow Jones industrial average surged 145.13 points, or 1.21 percent, to 12,188.69. The Standard & Po...
Read More →On Monday, Hampton Roads Bankshares, Inc. (NASDAQ:HMPR) which is the holding company for Bank of Hampton Roads and Shore Bank, announced that Russell Investments will include the Company to the Russell 3000(R) Index and Russell Global(R) Index on July 1, 2011 as a result of the annual reconstitution...
Read More →NIKE, Inc. (NYSE:NKE) Q4 profit increased 14% over the expectations as strong sales of sneakers and sportswear around the world compensated the increased costs. The Company, Nike recently cautioned investors regarding the higher manufacturing costs which would cut into its profit margins through the...
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