Evening Market Wrap

Evening Market Wrap Friday, November 4, 2011, 17:01 Contents Commentary Economic News Corporate News Currency Alerts Stocks To Watch Commentary Stocks Close Mostly Lower But Well Off Worst Levels - U.S. Commentary After moving sharply lower in early trading on Friday, stocks regained some ground over the course of the trading day but still closed mostly negative. Concerns about the financial situation in Europe weighed on the markets on again. (Nov 4, 2011) Full Article Economic News U.S. Economy Adds 80,000 Jobs In October, Unemployment Rate Ticks Down While the U.S. economy added fewer than expected jobs in the month of October, the unemployment rate still showed an unexpected decrease, according to figures released Friday by the Labor Department. A net of 80,000 new jobs were created in October, according to the figures, as private sector job growth was able to overcome a continued loss of government employment. (Nov 4, 2011) Full Article Corporate News Toyota Makes Production Adjustments As Thai Flood Disrupts Parts Supply Japanese automaker Toyota Motor Corp. (TM) late Thursday announced production adjustments in Japan, Thailand, and certain other regions, citing parts supply disruption following recent catastrophic flooding in Thailand. In Japan, the company had already announced adjustment to production hours at its vehicle plants from October 24 through November 5. Based on an ongoing assessment of the parts supply situation at each individual production line, the company will now extend the adjustment to the week from November 7 through November 12. (Nov 4, 2011) Full Article Anglo American To Buy Oppenheimer's Stake In De Beers For $5.1 Bln Anglo American Plc. (AAL.L, AAUKY.PK) Friday said it has agreed to buy Oppenheimer family's 40 percent stake in De Beers for $5.1 billion in cash, giving the British miner a controlling stake of 85 percent in the Botswana-based diamond company. The deal is subject to regulatory and government approvals and is expected to close in the second half of 2012. (Nov 4, 2011) Full Article GlaxoSmithKline Pharma Q3 Profit Dips By 8% Pharmaceutical company GlaxoSmithKline Pharmaceuticals Ltd. reported a lower net profit for the third-quarter, despite increase in revenues. The Mumbai-based company reported third-quarter stand-alone net profit of Rs.145.86 crore, or 17.20 per share, eight percent lower than the Rs.157.81 crore or Rs.18.60 per share in the corresponding quarter last year. (Nov 4, 2011) Full Article U.S. Cellular Q3 Profit Grows - Quick Facts United States Cellular Corp.'s (USM) third-quarter net income attributable to the company advanced to $62.14 million or $0.73 per share from $38.30 million or $0.44 per share last year. On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.56 for the quarter. Analysts' estimates typically exclude one-time items. (Nov 4, 2011) Full Article A123 Systems Cuts 2011 Revenue Outlook - Quick Facts A123 Systems Inc. (AONE - News) lowered its full-year 2011 revenue guidance range to $165 million to $180 million from its earlier forecast of $210 million to $225 million, due to unanticipated developments that will impact fourth quarter revenue. This reduction in full-year revenue guidance would be reflected principally in the fourth quarter, the company added. On average, 13 analysts polled by Thomson Reuters expect revenues of $202.21 million for the full year. (Nov 4, 2011) Full Article Currency Alerts Dollar Firms As G-20 Leaves Out European Rescue Funds The dollar was generally stronger versus other majors on Friday, as traders expressed caution ahead of a crucial no-confidence vote that could re-make the Greek government. While reports have surfaced indicating that a deal has been reached to form a coalition that would accept the terms of Greece's bailout, traders were too nervous to make aggressive bets on the euro. (Nov 4, 2011) Full Article Stocks To Watch Fueling Up... This independent natural gas and crude oil company comes on our radar with a track record of double-digit reserve and production growth. (Nov 4, 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