PacSun, Zumiez, Aeropostale to report latest financial figures

Posted by admin on March 13, 2009 under News | Be the First to Comment

PacSun, Zumiez, Aeropostale to report latest financial figures
LOS ANGELES (MarketWatch) — Investors will receive a new slate of earnings reports from apparel retailers Thursday evening, with Aeropostale Inc. expected to post earnings growth and Pacific Sunwear …

China says can spend more; U.S. banks cheer markets (Reuters)

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China says can spend more; U.S. banks cheer markets (Reuters)
Reuters – China said it was ready to pump more money into its economy and saw a pick-up in trade, offering another glimmer of hope for the battered global economy as signs that big U.S. banks may be turning around lifted world stocks.

Madoff sent to jail for Wall Street swindle as furious victims applaud

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Madoff sent to jail for Wall Street swindle as furious victims applaud
NEW YORK — Careful to blame only himself, a “deeply sorry and ashamed” Bernard Madoff pleaded guilty Thursday to pulling off what could be the biggest, most spectacular swindle Wall…

Bleak data from Asia, Europe ahead of G20 meeting (AFP)

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Bleak data from Asia, Europe ahead of G20 meeting (AFP)

AFP – Japan reported its worst economic showing in 35 years Thursday and China, Australia and Germany unveiled further bleak data, piling pressure on top finance ministers about to meet for anti-crisis talks.

Bank stocks extend their rally to a second day, and Wall Street wonders whether it

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Bank stocks extend their rally to a second day, and Wall Street wonders whether it
NEW YORK – Citigroup, its stock trading under $1 just a week ago, cleared $1.50. Other bank stocks rallied, too. The CEO of JPMorgan Chase said his bank, like Citi, made a profit for January and Febr…

Stocks turn in worst performance for new president (AP)

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Stocks turn in worst performance for new president (AP)

AP – The election of Barack Obama offered the promise of a new set of fixes for the financial crisis and the economy, a do-over that might help nurse the stock market back to health.

Freddie asks Treasury for $30.8 bln after big quarterly loss

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Freddie asks Treasury for $30.8 bln after big quarterly loss
SAN FRANCISCO (MarketWatch) — Freddie Mac said late Wednesday that it's getting billions of dollars in extra government support after reporting a huge quarterly loss.

UBS warning shakes equities, day after big gains (Reuters)

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UBS warning shakes equities, day after big gains (Reuters)

Reuters – Banking worries shot back into equity markets on Wednesday after leading European bank UBS said it saw its earnings at risk for some time, weighing on investors a day after many had their best day since December.