Stocks are likely to move to the upside in early trading on Thursday, extending the strong upward move that was seen over the course of the previous session. The major index futures are currently pointing to a moderately higher open, with the Dow futures up by 44 points.Full Article (May 19, 2011
Japan Q1 GDP Falls 0.9% On QuarterJapan's gross domestic product was down an annualized 0.9 percent in the first quarter of 2011 compared to the previous three months, the Cabinet Office said on Thursday in a preliminary report, tipping the country back into a technical recession following the devastating 9.0 magnitude earthquake and tsunami on March 11. (May 19, 2011) Full Article
U.S. Weekly Jobless Claims Drop To 409,000The number of Americans filing new applications for unemployment insurance fell for the second week in a row, according to figures released by the Labor Department Thursday. The 409,000 new claims in the week ended May 14th represents a drop of 29,000 claims from the previous week's revised figure of 438,000. (May 19, 2011) Full Article
UK Retail Sales Spike On Warm Weather, Royal WeddingUK retail sales rose more than expected in April as the warmest weather on record and special bank holidays for royal wedding boosted spending, latest figures showed Thursday. (May 19, 2011) Full Article
Singapore Final Q1 GDP Jumps 22.5% Q/QSingapore's gross domestic product surged an annualized, seasonally adjusted 22.5 percent in the first quarter of 2011 compared to the previous three months, the Ministry of Trade and Industry said in Thursday's final reading. (May 19, 2011) Full Article
Limited Brands Q1 Profit Jumps; Raises 2011 EPS ViewLimited Brands Inc. (LTD) reported Wednesday a jump in first-quarter profit thanks primarily to a 15 percent growth in comparable store sales. Adjusted earnings topped the Street view, but revenues were on par. The company also issued its second-quarter earnings outlook, with the estimate missing or matching consensus. Further, it raised its full-year earnings guidance. (May 19, 2011) Full Article
Sears Holdings Sinks to Q1 LossSears Holdings Corp. (SHLD) Thursday reported a first-quarter loss primarily due to a decline in revenues on the impact of unfavorable weather and economic pressures. (May 19, 2011) Full Article
Japan Q1 GDP Falls 0.9% On QuarterJapan's gross domestic product was down an annualized 0.9 percent in the first quarter of 2011 compared to the previous three months, the Cabinet Office said on Thursday in a preliminary report, tipping the country back into a technical recession following the devastating 9.0 magnitude earthquake and tsunami on March 11. (May 19, 2011) Full Article
U.S. Weekly Jobless Claims Drop To 409,000The number of Americans filing new applications for unemployment insurance fell for the second week in a row, according to figures released by the Labor Department Thursday. The 409,000 new claims in the week ended May 14th represents a drop of 29,000 claims from the previous week's revised figure of 438,000. (May 19, 2011) Full Article
UK Retail Sales Spike On Warm Weather, Royal WeddingUK retail sales rose more than expected in April as the warmest weather on record and special bank holidays for royal wedding boosted spending, latest figures showed Thursday. (May 19, 2011) Full Article
Singapore Final Q1 GDP Jumps 22.5% Q/QSingapore's gross domestic product surged an annualized, seasonally adjusted 22.5 percent in the first quarter of 2011 compared to the previous three months, the Ministry of Trade and Industry said in Thursday's final reading. (May 19, 2011) Full Article
Limited Brands Q1 Profit Jumps; Raises 2011 EPS ViewLimited Brands Inc. (LTD) reported Wednesday a jump in first-quarter profit thanks primarily to a 15 percent growth in comparable store sales. Adjusted earnings topped the Street view, but revenues were on par. The company also issued its second-quarter earnings outlook, with the estimate missing or matching consensus. Further, it raised its full-year earnings guidance. (May 19, 2011) Full Article
Sears Holdings Sinks to Q1 LossSears Holdings Corp. (SHLD) Thursday reported a first-quarter loss primarily due to a decline in revenues on the impact of unfavorable weather and economic pressures. (May 19, 2011) Full Article
Futures gain ahead of jobs, housing data NEW YORK (Reuters) - U.S. stock index futures rose on Thursday, supported by a rise in commodity prices, as investors braced for data on the labor market and housing. | Full Article
LinkedIn IPO prices at $45 per share, top of range May 18, 2011 09:39 PM ET NEW YORK (Reuters) - LinkedIn sold shares at the top of an already raised price range in its initial public offering on Wednesday, signaling that stock investors are eager to buy shares of social networking companies even if valuations are lofty. | Full Article
Sears disappoints on weak sales in U.S., Canada May 19, 2011 07:36 AM ET NEW YORK (Reuters) - U.S. retailer Sears Holdings Corp reported a wider-than-expected quarterly loss as sales at its namesake stores plunged both at its home turf and in Canada. | Full Article
Glencore's record IPO makes muted debut May 19, 2011 07:52 AM ET LONDON (Reuters) - Commodities trader Glencore made a steady market debut on Thursday, with shares trading just above the widely expected launch price of 530 pence, giving it solid currency for potential acquisitions. | Full Article
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Editor’s Note
Wine lovers could bid on vintages stockpiled by Bernie Madoff himself as the U.S. Marshall's office auctioned off the convicted conman's liquor to get more money for his victims.
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Madoff Trustee Settles With More Fairfield Funds The trustee handling the liquidation of Bernard Madoffs business settled Wednesday with two more Fairfield Greenwich Group feeder funds that channeled money to the convicted conmans $65 billion Ponzi scheme.
[more] Wine Lovers Bid on Madoff Cellar Wine lovers can now bid on vintage wines once owned by the man convicted of the largest Ponzi scam in U.S. history
Oaktree May Be Eyeing NYSE Listing Oaktree Capital Management is reported to be planning a listing on the New York Stock Exchange.
Gov't, Defense Give Differing Views of Goffer at Trial Former Galleon Group trader Zvi Goffers trial got underway in earnest Wednesday in federal court in Manhattan with opening arguments from both sides.
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