Analyst expects growth in emerging markets to drive earnings, sales for Wal-Mart StoresNEW YORK — Wal-Mart Stores Inc.’s expansion in fast-growing emerging markets will fuel earnings and revenue growth, an analyst said on Monday, while giving shares of the world’s largest retailer an “Outperform” rating. Congressional investigators find AIG improving, but may never fully repay bailout fundsWASHINGTON — Despite some progress, congressional investigators on Monday cast doubt on whether efforts by American International Group Inc. to restructure its operations and pay back the government will ever prove successful. Analyst lifts Zimmer rating on new product launches, expects implant market recovery in 2010NEW YORK — Shares of Zimmer Holdings Inc. traded higher Monday after a Sanford Bernstein analyst upgraded the orthopedic implant maker, saying a series of new product launches should lead to a recovery in revenue and share price. Workers at French heater factory pose nude in calendar in bid to save their jobsPARIS — Workers at a struggling heater factory in northwest France are taking it all off in a bid to save their jobs: They posed nude for a calendar to call attention to their plight. Lennar loses $172 million in fiscal 3rd-qtr, but homebuilder sees housing market improvingHomebuilder Lennar Corp. reported a wider loss in its fiscal third quarter as it continued to write down the value of land and unsold homes, but executives say the company will be profitable next year assuming the economy remains stable. Lennar loses $172 million in fiscal third quarter, but sees housing market improvingMIAMI — Lennar Corp. reported a wider loss in its fiscal third quarter as the homebuilder continued to write down the value of its land and unsold homes. Profit at China’s major state companies down 30 percent last yearBEIJING — Profit at China’s top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased. Stocks shift back to rally mode as analysts make upbeat calls; Dow gains 215 for the weekNEW YORK — The stock market shifted back into rally mode Friday after analyst upgrades boosted investor optimism about the economy. Eastman Kodak, Sonic, Procter & Gamble, Genzyme are among big market moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: Stocks climb in bouncy trading as traders look for signs about direction of economyNEW YORK — Investors popped the stock market’s rally back in gear Friday after analyst upgrades boosted optimism about the economy. Freedom Communications seeks bankruptcy judge’s OK to hire broker for Phoenix-area newspapersMESA, Ariz. — Freedom Communications is asking a bankruptcy judge to allow it to hire a broker to pursue the sale of its Phoenix-area publications, including the East Valley Tribune. Analyst says Fontainebleau could cost $2B to finish as developer talks to possible buyerLAS VEGAS — Anyone thinking about taking over the stalled Fontainebleau casino-hotel project on the Las Vegas Strip would likely have to invest $2 billion to buy out its debt and finish construction, an industry analyst said Friday. Freedom Communications seeks judge’s OK to hire broker for sale of Phoenix-area newspapersMESA, Ariz. — Freedom Communications is asking a bankruptcy judge for permission to hire a broker to pursue the sale of Phoenix, Ariz.-area publications, including the East Valley Tribune. PiperJaffray upgrades Starbucks to ‘Overweight’ from ‘Neutral’ on improved sales outlookSAN FRANCISCO — A PiperJaffray analyst upgraded the shares of Starbucks to “Overweight” from “Neutral” based on the expectations that sales results at stores open at least a year will improve. Health insurers continue mixed trading as health care reform debate continues in CongressNEW YORK — Shares of health insurers traded mixed Friday as the debate over a Senate committee’s health care-reform proposal continues. All hail, the short story: Oprah Winfrey chooses debut collection from Nigerian authorCHICAGO — Oprah Winfrey has blessed the book world’s eternal underdog: the short story. Palm 1st-quarter loss widens but adjusted results surpass Wall Street expectationsNEW YORK — Smart phone maker Palm Inc. on Thursday posted a wider fiscal first-quarter loss — its ninth in a row. Synchronoss shares surge after Thomas Weisel upgradeNEW YORK — Shares of Synchronoss Technologies Inc. got a boost Thursday after a Thomas Weisel Partners analyst upgraded the company, calling it “undervalued and overlooked” by investors. American Axle reaches deal with lenders to restructure debt, gets $110 million in help from GMDETROIT — American Axle & Manufacturing Holdings Inc. said Thursday that it reached a deal to restructure its debt and received millions in financial help from General Motors, likely preventing a bankruptcy protection filing at struggling auto supplier. Dress Barn slips as company gives 2010 profit outlook below Wall Street’s expectationsNEW YORK — Dress Barn Inc.’s stock slumped Thursday as the women’s apparel retailer provided a fiscal 2010 profit forecast below analysts’ estimates. Analyst says beverage shares to improve, rates PepsiCo Inc. as top in sectorMILWAUKEE — Shares of the beverage sector, including companies such as PepsiCo Inc. and Dr Pepper Snapple Group Inc., have been underperforming the Standard & Poor’s 500 stock index and offer attractive valuations for investors, an analyst said Thursday. FedEx 1Q profit falls, sees improving economy but notes profit will stay weak this yearNEW YORK — FedEx Corp. said Thursday it sees signs of improvement in the global economy as international shipments pick up, but warned its profit will remain weak at least through the end of the year. Eatery chain Sonic anticipates adjusted 2010 earnings will rise on lower commodity costsOKLAHOMA CITY — Sonic Corp. said Thursday that its fiscal 2010 adjusted profit will climb from the previous year, helped by lower commodity costs and reduced interest expense. FedEx 1Q earnings fall 53 percent; says profit will remain weak through end of yearNEW YORK — FedEx Corp. said Thursday its first-quarter earnings fell 53 percent — matching its prediction released last week — and warned its profit will remain weak through at least the end of the year. Judges in US, Canada approve bankruptcy sale of Nortel business systems unitWILMINGTON, Del. — Nortel Networks Inc. won approval Wednesday from judges in Delaware and Ontario for the $900 million sale of a Nortel unit that makes communications systems for businesses. Eastman Kodak announces offerings expected to raise up to $700 million to shore up financesROCHESTER, N.Y. — Photography products maker Eastman Kodak Co. said Wednesday it expects to raise up to $700 million through a series of debt sales in a bid to shore up its balance sheet. Brazilian beef producer JBS to become world’s largest meat maker with Pilgrim’s Pride dealMILWAUKEE — A Brazilian meat conglomerate could leap ahead of American meat producer Tyson Foods Inc. to become the world’s largest meat company with two deals announced Wednesday that would expand its interests in beef, dairy and chicken. Bankruptcy judge rejects Verizon objection to sale of Nortel business systems unitWILMINGTON, Del. — The judge presiding over the Nortel Networks bankruptcy has ruled against an objection by Verizon Communications Inc. to the sale of a Nortel unit that makes communications systems for businesses. Union workers at Sun-Times reject pay cuts, work-rule changes demanded for newspaper’s saleCHICAGO — Unionized workers in the Chicago Sun-Times’ newsroom have rejected demands for deep pay cuts and work-rule changes, putting at risk a planned sale of the financially struggling newspaper to an investment group. Corning Inc. acquires labware maker Axygen Bioscience for about $400 millionROCHESTER, N.Y. — Specialty glass pioneer Corning Inc. said Wednesday it acquired laboratory equipment maker Axygen BioScience Inc. from American Capital Ltd. for about $400 million in cash to broaden its life sciences division. |
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