General Motors Corporation (OTC: GMGMQ ), which is undergoing a reorganization in a bid to reverse its long-time subdued sales announced yesterday that it is continuing with its tradition of cutting back the company's health care expenses, among other benefits,

At the end of 2008, Nitro Petroleum had doubled the number of shares outstanding. After a settlement agreement with holders of certain of their outstanding demand promissory notes, the company issued almost 50 million shares. Currently, there are over 100

Regions Financial Corporation's (NYSE: RF ) plans to raise additional capital were blessed by Federal Reserve regulators. The company hopes to raise $2.5 billion, which should help them get closer to leaving the TARP program.[BANNER] Stress tests completed on Regions

FuelCell Energy, Inc. ( NASDAQ : FCEL ) shares had a rise of 35 % on Tuesday, prompted by the reporting of a narrower quarterly loss, predominantly due to the lowering of product and other costs - beating analyst estimates,

A part of MGM Mirage Inc. (NYSE: MGM ) has been recently bought by Genting Berhad - an investment holding company. For a 3.2% stake in MGM, Berhad offered $100 million, as officially announced on Wednesday. The acquisition comes about

Dollar continues to engage in range trading against major currencies with some choppy movements. Not much guidance is provided from stocks as DOW rebounded strongly in lat session after earlier sell off and is still staying in range above 8600

Usd/Jpy did rebound yesterday on rallying dollar, rose to 98.43 around U.S. time. Looking at the 4 hour chart, the low at 97.08 yesterday displayed a 'morning star' candlestick pattern together with the rebound yesterday, it is quite possible that

The RBNZ decided to keep interest rate unchanged, for the first time in a year, at 2.5% after June's meeting as 'there are signs that international economic activity is stabilizing, and international financial conditions are improving'. That said, the central

EUR/USD's break of 1.3965 minor support indicates that recovery is completed at 1.4130 and intraday bias is flipped back to the downside for a retest of 1.3793 cluster support (38.2% retracement of 1.2884 to 1.4337 at 1.3782). Note that sustained

Even eur/usd rose slightly higher to 1.4145 yesterday, price fell short well below Ichimoku cloud top (currently at 1.4179) and price did drop quickly from 1.4145 to 1.3914, however price then bounced off this low today. Looking at the 4

The intermarket relationship underpinning the US currency and global equities remains largely unhinged, with falling equities persisting as the longe saviour for the corroding US dollar. And so once again the falling US dollar got a fresh respite from a

The Corporate Goods Price Index, which measures the costs companies pay for energy and raw materials, slid 5.4% in May from a year earlier. It's the fastest pace that prices have dropped in 22 years. Price declines are set to

U.S. Dollar Trading (USD) managed to end slightly higher after rebounding off lows set in the European session. A good US treasury Auction helped the USD gain for the rest of the day. US stocks couldn’t manage the optimism seen

It's the bonds. After strong performances from Asian and European equities earlier, the S&P500 sagged on high interest rate and oil concerns, among other things, but rebounded at the close to be down only 0.4%. Russia's central bank said it

Overall, the dollar found a lot of strength during the U.S. session, as the market was sent back into a risk aversion mode. This happened after Russia and Brazil announced that they plan to buy $20 billion issued by the

Risk trades were decidedly lower in the NY session and this helped the buck extend gains. Equities lost about -0.4% in broad terms as the S&P test of 950 was promptly rejected. Oil prices bucked the trend and headed nearly

The Federal Reserve Bank released today its Beige Book in which an assessment is conducted by the twelve federal districts, where the report signaled that the economy is still weak, however expectations for the outlook of the world's largest economy

The Fed's Beige Book prepared based on data reported prior to June 2 reported that economic conditions remained weak or worsened through May. However five of the Fed districts saw the downward trend in activity showing some signs of moderation.

The dollar sharply rallied against the euro and sterling, reversing yesterday' losses and climbing to 1.39 versus the euro and 1.6242 against the sterling. The 10-year Treasury note edged up toward the 4% level, reflecting underlying fears of forthcoming rate

The dollar traded mostly higher on Wednesday. Treasuries dropped, pushing 10-year yields near 4.0%, the highest rate since November, after a poor bond auction, supply worries and comments from Russia's central bank that it may cut investments in the US.