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Exxon Mobil Announces Capex Plans for 2010
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Thursday, 11 March 2010 |
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Exxon Mobil (XOM) revealed its capital expenditures plans for 2010. In an analyst meeting, the oil giant said it will spend about $27 billion in 2010 on capital projects, $1 billion more than it spent in 2009.
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Smithfield Swings to a Profit
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Thursday, 11 March 2010 |
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Smithfield Foods (SFD) swung to a profit for a third quarter, as the company fought back from a loss due to a weak economy and high feed costs. Smithfield earned $37.3 million, or 22 cents per share, as compared to a loss of $105.7 million, or 74 cents per share, in the same quarter last year.
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Sony Unveils Motion-Control System for PlayStation
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Thursday, 11 March 2010 |
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Sony (SNE) has unveiled a new video game control system that allows players to play games with their body movements, called PlayStation Move. The new control system which challenges Nintendos motion-controlled Wii will be available later in the year.
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ING Downgrades ArcelorMittal
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Thursday, 11 March 2010 |
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There is another call on the steel sector for ING this morning. ING downgraded ArcelorMittal (MT) stock from Buy to Hold today, ING said it sees price increases on the horizon for raw materials iron ore and coking coal of as much as 35 percent.
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Stocks to Watch: Gymboree, Men's Wearhouse
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Thursday, 11 March 2010 |
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Keep an eye on retail stocks Gymboree (GYMB) and Mens Wearhouse (MW) today, after both announced earnings last night that could impact their trade today. Childrens clothing retailer Gymboree announced an earnings increase of 13 percent in its fourth quarter, to $33.2 million, or $1.11 per share.
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