Evening Market Wrap

Evening Market Wrap Friday, September 30, 2011, 17:06 Contents Commentary Economic News Corporate News Currency Alerts Political News Commentary Stocks Close Sharply Lower Amid Renewed Economic Worries - U.S. Commentary With traders expressing renewed concerns about the global economic outlook, stocks saw significant weakness on Friday. The major averages all ended the day firmly in negative territory after turning in a mixed performance in the previous session. (Sep 30, 2011) Full Article Economic News U.S. Personal Income Shows Unexpected Drop In August Personal income in the U.S. showed a modest decrease in the month of August, according to a report released by the Commerce Department on Friday, although the report also showed a continued increase in personal spending. (Sep 30, 2011) Full Article Chicago Business Barometer Unexpectedly Indicates Faster Growth In September Business activity in the Chicago area unexpectedly expanded at an accelerated rate in the month of September, according to a report released by the Institute for Supply Management - Chicago on Friday. The ISM Chicago said its business barometer jumped to 60.4 in September from 56.5 in August, with a reading above 50 indicating growth. The increase came as a surprise to economists, who had expected the index to drop to 55.4. (Sep 30, 2011) Full Article Corporate News Alpha And Omega Semiconductor Cuts Q1 Revenue Outlook Power semiconductor provider Alpha and Omega Semiconductor Ltd. (AOSL) announced a cut in its first quarter revenue guidance to reflect continued softness in end user demands and reduced selling prices. Hamilton, Bermuda - based company now expects revenue in a range of $81 million to $83 million, while its prior guidance was between $83 million and $87 million. (Sep 30, 2011) Full Article Sun Healthcare Group Updates Full-Year Outlook Sun Healthcare Group Inc. (SUNH), on August 1, 2011, announced the withdrawal of its full-year 2011 guidance in order to have time to evaluate the impact of the final rule for skilled nursing facilities that was published by the Centers for Medicare and Medicaid Services or CMS on July 29, 2011. After completing that review, the company reissued and updated its full year 2011 outlook. (Sep 30, 2011) Full Article Kraft Foods Recalls 3 Varieties Of Velveeta Shells & Cheese Microwaveable Cups Kraft Foods Inc. (KFT) announced that Kraft Foods Global Inc. is voluntarily recalling three varieties of Velveeta Shells & Cheese Single Serve Microwaveable Cups with limited "best when used by" dates as a precaution due to the possible presence of small, thin wire bristle pieces. The recalling products are having the following "best when used by" dates. They are 16 MAY 2012; 24 APR 2012 to 16 MAY 2012; 25 MAR 2012 to 30 MAR 2012; 29 MAR 2012 to 12 APR 2012; 29 APR 2012 to 14 MAY 2012. (Sep 30, 2011) Full Article Currency Alerts Dollar Gains On Euro As Debt Woes Linger The dollar rallied versus the euro on Friday amid mounting concerns that Europe faces more hurdles to overcoming its economic malaise. The prospects for euro zone growth took a hit this morning with the release of data showing that euro zone inflation rose well above levels targeted by the European Central Bank. (Sep 30, 2011) Full Article Political News Obama Hails Killing Of American-Born Al Qaeda Cleric In Yemen President Barack Obama said that the killing of an American-born cleric with ties to al Qaeda in Yemen Friday was an important blow in the war on terrorism. Obama, speaking at a ceremony honoring the outgoing Chairman of the Joint Chiefs of Staff Adm. Mike Mullen, said that the cleric, Anwar al-Awlaki was a leader of al Qaeda in the Arabian Peninsula. (Sep 30, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service