Reuters: Markets hit their 2009 highs.
Reuters: Dodd is set to unveil his financial reform bill which calls for merging many bank regulators.
Reuters: Kraft’s (NYSE:KFT) bid for Cadbury turned hostile.
Reuters: A survey of economists predicted strong GDP growth in 2010.
Reuters: The Fed says that 9 out of 10 of the largest banks that needed to raise [...]
Falling oil prices and a declining trade deficit lifted investor sentiment to send the markets up to a higher close with the Dow climbing 78 points to 9864. Nasdaq gained 15 points to 2139.
NCI Building Systems Inc. (NCS) reported that holders of more than 99% of the aggregate principal amount of its outstanding 2.125% Convertible Senior Subordinated Notes due 2024 have delivered valid tenders. This exceeds the threshold of 95% minimum condition to the offer.
NCS has obtained or expects shortly to obtain the consent of lenders representing 100% [...]
Looking at tons of charts this weekend, there is similar patterns on various charts. The majority of stocks have declined the past 3 days and are nearing support of their previous break out highs. The patterns look to SPX as it has the potential to move to test its August highs, but has resistance above it from its breakout highs which it broke below.[More...]
Yesterday, NCI Building Systems Inc. (NCS) posted third-quarter profit of 25 cents per share, which came in well above the Zacks Consensus Estimate of 2 cents. The better-than-expected earnings primarily came from the company’s cost-reduction programs implemented since November 2008.
NCI Building not only downsized 43 manufacturing facilities to 32, but also eliminated overlapping and less [...]
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