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Market Extra: Rackspace rises as results impress Street

scgadmin — Wed, 15 Feb 2012 04:50:40 +0000

Shares of Rackspace rise on upbeat results, crossing the $50 mark for a new all-time high as analysts highlight the data storage company’s strength in the cloud computing trend.

Personal Finance Daily: Do you need to hire a tax pro?

scgadmin — Wed, 15 Feb 2012 04:50:38 +0000

Are you a do-it-yourselfer or do you hire a professional preparer for your taxes? There are many costly potential pitfalls lurking in the increasingly complex tax code — mistakes that a pro is likely to avoid. Read that story and more in Personal Finance Daily.

Movers & Shakers: Tuesday’s biggest gaining and declining stocks

scgadmin — Wed, 15 Feb 2012 04:50:37 +0000

MarketWatch’s daily rundown of shares making sizable moves in the U.S. stock market.

Capital One-ING Direct deal OK’d by Fed

scgadmin — Wed, 15 Feb 2012 04:50:36 +0000

The Federal Reserve approves the first major bank merger under the new Dodd-Frank rules, Capital One’s $9.2 billion bid to buy ING Groep NV’s U.S. online-banking unit.

Audio: Radio Update: Stocks mixed after late rally

scgadmin — Wed, 15 Feb 2012 04:50:35 +0000

The latest news from Steve Orr, including Zynga’s first earnings report as a public company.

China Comm Construction sets Shanghai IPO range

scgadmin — Wed, 15 Feb 2012 04:50:34 +0000

(“UPDATE: China Communications Construction Sets Shanghai IPO Range At CNY5.00-CNY5.40,” at 0343 GMT, misstated the fundraising target in the second paragraph. The correct version follows:) –China Communications Construction sets an indicative range of CNY5.00-CNY5.40/share for Shanghai IPO –Company to raise between CNY5.48 billion and CNY5.

EU’s Van Rompuy thanks China for crisis response

scgadmin — Wed, 15 Feb 2012 04:50:33 +0000

European Council President Herman Van Rompuy said Wednesday that Europe greatly appreciates China’s response to the European debt crisis. “We highly value China’s confidence,” he said. Speaking at an exhibition on the euro following the EU-China business summit, Van Rompuy said Beijing’s expressions of support were the key outcome of the top-level gathering in the Chinese capital.

New Zealand to reconsider farm sale to China firm

scgadmin — Wed, 15 Feb 2012 04:50:31 +0000

WELLINGTON (MarketWatch) — New Zealand’s High Court ordered Wednesday the government to reconsider the approval of Shanghai Pengxin Group Co. Ltd. to buy 16 dairy and drystock farms, highlighting concern in the Pacific nation over Chinese investment in land.

Zynga posts loss, though results beat targets

scgadmin — Wed, 15 Feb 2012 04:50:30 +0000

Social game maker reports strong revenue growth for fourth quarter, beating Wall Street’s estimates. Shares slip after-hours following big run-up.

Irwin Kellner: Twenty-one signs of economic life

scgadmin — Wed, 15 Feb 2012 04:50:28 +0000

PORT WASHINGTON, New York (MarketWatch) — Although you wouldn’t know it from the behavior of the stock market, the economic outlook is turning just a bit less gloomy.