Author: Devin Weiss

Illinois Tool Works Inc. (ITW) boosted its second-quarter guidance after reclassifying a unit meant for divestment under continuing operations. The maker of industrial products now expects earnings of 29 cents to 41 cents per...

MSC Industrial Direct Co. Inc. (MSM) shed more than 4% in morning trade to fall below a natural level of support at $36.53. Ten analysts on an average see the company’s 2009 earnings per share falling by 36.78% to $1.90....

NBTY Inc. (NTY) announced today a 22% jump in sales for May, which has sent shares of the nutritional supplements company higher by more than 3%. Total sales reached $223 million from $184 million in the same month a year ago....

On June 4, 2009, Teekay Corporation (TK) reported 2008 fourth quarter results for the period ending December 31, 2008. For the quarter, net voyage revenue rose 20% to $616 million from $514 million recorded in fourth quarter...

The Indian Stock Market has gone up sharply in the recent weeks based on high expectations from the re-elected United Progressive Alliance government, (this time with a record mandate), which promised to bring about high...

On Saturday June 13, 2009, President Obama announced new Medicare and Medicaid spending cuts aimed at reducing government spending by an additional $313 billion over 10 years to pay for healthcare reform. The amount will be in...

Trading in shares of China Eastern Airlines Corporation Limited (CEA) and Shanghai Airlines Co., Ltd. (or SAL) have been suspended beginning on June 8, reportedly concerning a merger between the two.Details are slim. Speculation...

The NY Empire State Index fell to -9.4% in June, and was expected to decrease to -4.8% following a reported -4.6% reading in May.In this survey, 28% of respondents claim general business conditions have improved, higher than...

This morning, BioDelivery Sciences International (BDSI) announced that it has reached an agreement with the U.S. Food and Drug Administration’s (FDA) Division of Anesthesia, Analgesia and Rheumatology Product on all...

* United Technologies (NYSE:UTX) said it continues to see 2009 earnings of $4.00 to $4.50 per share on revenues of about $55 billion * Boeing (NYSE:BA) expects industry growth to return by the middle of next year, with...