Despite expanding its reorganization process, by laying off about 11,600 employees in an earlier move to repel the aftermaths of the recession, restructuring charges and weak demand in the key operations of aviation and construction still caught up with United

UAL Corporation ( NASDAQ : UAUA ) parent company of United Airlines, managed to post a second quarter profit thanks to a falling fuel bill and lowered costs. The company released results Tuesday which showed a $28 million, or 19

Dark clouds hovered over the stock of Lockheed Martin Corporation (NYSE: LMT ) Tuesday, on the news that higher expenses of pension adjustment returned to haunt its bottom line, exposing the manufacturer of military hardware to give away 17 percent

Regions Financial Corporation ( NYSE : RF ) reported a larger than expected quarterly loss on Tuesday, which they attributed primarily to increasing losses on commercial and real estate loans. The bank reported that they nearly tripled their loan loss

Generex Biotechnology Corporation (NASDAQ: GNBT ) has recently published the results of their long term studies on the effectiveness of their Ii-Key/HPV immunotherapeutic vaccine. The anti-cancer directed medicine is based on the Ii-Key platform technology developed by Antingen Express Inc.

From an aggregate amount of nearly $47 million, appropriated for the furtherance of smart grid technologies under the American Recovery and Reinvestment Act, about $12.4 million will be delivered to Massachusetts for two projects owned by American Superconductor Corporation (NASDAQ:

The weaker Dollar has caused increasing interest in the ongoing economic changes, as it usually provides trading opportunities and can also increase profits of multinational corporations. Many of such companies will be reporting this week, so the weak greenback gives

Volvo AB ( OTC : VOLVY ) swung to a second quarter loss on Tuesday, the second largest truck manufacturer in the world reporting a net loss of 5.56 billion Kronor, ( $718 million ) versus the 5.1 billion Kronor

Shares of Human Genome Sciences ( NASDAQ : HGSI ) soared on Monday by an incredible 277 % on news that their experimental drug for the treatment of auto-immune disease Lupus, named 'Benlysta', has shown substantial success ; instilling great

Hudson City Bancorp, Inc. (NASDAQ: HCBK ) second quarter profit jumped nearly 16% beating the estimates and retaining a significant growth in deposits over the period. However, the increase in net income was shadowed by rising bad loans which have

Fed Chief Bernanke's testimony before the House panel last night stuck more-or-less to the content of the article that appeared in the WSJ earlier. However, what discrepancies there were tended to downplay the economic recovery theory. His comments that 'a

Some USD buying was seen in early London hours though net EUR/USD has not travelled far below last night's close. Yesterday's comments from the Fed's Bernanke that financial markets remain 'stressed' and his offering of increased clarity over exit policies

On the currency markets, the dollar continues to fight an uphill battle. The combination of a fairly positive global investor sentiment and the prospect that US interest rates will remain at extremely low levels for a considerable period of time

Australia released today its consumer prices index which as expected rose during the second quarter by 0.5% after rising only by 0.1% during the first quarter, while on the annual basis consumer prices rose by 1.5% in the three months

The yen rose slightly against the dollar and euro in Asia Wednesday as short-term players bought the safe-haven Japanese unit on renewed concern that U.S. lender CIT Group Inc. may go bankrupt, hurting the U.S. economy.

Bernanke said yesterday that the economy is still too fragile to start implementing the FED's exit strategy which after being announced made US Treasuries fall sharply. Equities are about to test and most likely break the prior highs from January

In Currencies: Consolidation was the theme throughout the European morning for the EUR/USD pair as option expiration chatter subduing price action. Dealers noted that option related selling due to a good size 1.4200 European Digital which expires later today at

We are seeing a slight pull back in risk correlated trades, after the initial euphoria over China State Construction Engineering Corp moving closer to its much anticipated IPO and equity indexes have made new yearly highs, has worn off. While

Overall, the S&P futures plunged nearly 1% during the overnight session, but the currency market failed to follow the move lower. The only exception was the pound, for a second consecutive day, which plunged more than 100 pips ahead of

The currency pair has been trading in a downward trend-channel since June which accelerated at the beginning of July. This trend seems to have stopped at last week's S1 pivot point. After a short recovering, the USD/JPY seems to be