Evening Market Wrap

Evening Market Wrap Monday, October 31, 2011, 17:01 Contents Commentary Economic News Corporate News Broker Ratings Changes General News Political News Commentary Profit Taking Leads To Substantial Weakness On Wall Street - U.S. Commentary With traders cashing in on the strong upward move seen over the past month, stocks moved sharply lower during trading on Monday. Lingering concerns about the financial situation in Europe and the outlook for the global economy contributed to the pullback by the markets. (Oct 31, 2011) Full Article Economic News Chicago-Area Manufacturing Expands At Slower Rate In October While the Institute for Supply Management - Chicago released a report on Monday showing a continued expansion in regional manufacturing activity in the month of October, the pace of growth slowed compared to the previous month. The ISM - Chicago said its business barometer dropped to 58.4 in October from 60.4 in September, although a reading above 50 indicates continued growth. Economists had been expecting the index to drop to a reading of 58.0. (Oct 31, 2011) Full Article Corporate News Honda Q2 Profit Falls Honda Motor Co. Ltd. (HMC) reported a plunge in its second-quarter net income attributable to the company to 60.4 billion yen from 135.9 billion yen in the year earlier quarter. Earnings per share attributable to Honda Motor Co. Ltd. for the latest quarter were 33.53 yen, significantly lower than 75.24 yen last year. (Oct 31, 2011) Full Article Sohu.com Q3 Profit Rises; Guides Q4 - Quick Facts Sohu.com Inc. (SOHU) posted third-quarter net income attributable to the company of $46.81 million or $1.17 per share versus $41.01 million or $1.01 per share last year. Non-GAAP net income attributable to the company was $49.03 million or $1.26 per share compared to $45.15 million or $1.16 per share a year earlier. (Oct 31, 2011) Full Article Colgate Palmolive Q2 Profit Drops Colgate Palmolive (India) Ltd. reported second-quarter net profit of Rs.99.68 crore, down from Rs.100.30 crore for the quarter ended September 30 last year. Total revenue increased to Rs.685.01 crore from the Rs.577.39 crore in the corresponding quarter of the preceding year. At the BSE, Colgate Palmolive India shares are being traded at Rs.994.40, down by 0.44 percent form the previous close. (Oct 31, 2011) Full Article Broker Ratings Changes FBR Capital Markets Lowers Baltic Trading Limited (BALT) To Market Perform From Outperform With $5.80 Down From $8 Price Target (Oct 31, 2011) General News D.C. Protesters Vow To Weather The Cold Despite a rare late-October storm that brought a dusting of snow and near-freezing temperatures to Washington, D.C., protesters camped just blocks from the White House say they have no plans to leave Freedom Square. "We're talking about how to weatherize our tents," said Caiti Seibel, a 19-year-old art student whose been camped at the park since October 6th, when the demonstration began here. "I am going to be here as long as I can," she said Sunday night, pointing to her rain boots. (Oct 31, 2011) Full Article Political News Cain Claims He Was "Falsely Accused" Of Sexual Harassment Responding to a report revealing allegations of sexual harassment, Republican presidential candidate Herman Cain claimed Monday that he was "falsely accused" and referred to the revelation of the allegations as a "witch hunt." The remarks came after a report from Politico indicated that at least two female employees complained of sexually suggestive behavior by Cain during his time as the head of the National Restaurant Association in the 1990s. (Oct 31, 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