Sector roundup: Credit cards, semiconductors (AP)
Shares of credit card companies fell Tuesday after Moody’s Investors Service said charge-off rates will continue to rise through 2009 and an analyst cut her estimates on Capital One Financial Corp. on concerns of a continuing decline in consumer liquidity.
Sector Snap: Medical device makers up after Medtronic 4Q (AP)
Shares of medical device makers moved higher Tuesday afternoon, after Medtronic Inc. posted fiscal fourth-quarter earnings that soundly beat Wall Street estimates.
Movers roundup: American Axle, Raven Industries (AP)
Shares of American Axle & Manufacturing Holdings Inc. continued to fall for a second straight day Tuesday, as its workers began to vote on a tentative agreement that could end a nearly 12-week-old strike at the auto supplier.
Riverbed Technology Senior VP Wolford sells shares (AP)
The senior vice president of marketing and business development of Riverbed Technology Inc. sold 12,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
Sector Snap: Gold-mining companies rising (AP)
Shares of gold-mining companies gained Tuesday after an analyst said the precious metal appeared set for benefit from tight supply and growing demand.
United Natural Foods shares rise on 3Q results (AP)
Shares of United Natural Foods Inc. soared Tuesday after the natural and organic food distributor reported third-quarter profit ahead of Wall Street’s expectations.
ADRs in Focus: Asian Banks (AP)
American Depositary Shares of Asian banks and financial companies declined, following weakness in the United States, after an analyst forecast more weakness in the credit markets.
Inflation concerns, oil push stocks sharply lower (Reuters)
Stocks slid on Tuesday after oil prices jumped above $129 a barrel and a key inflation gauge rose more than expected, adding to mounting concerns about U.S. consumers’ discretionary spending power.
Perfect World shares fall for second day (AP)
Chinese Internet stocks mostly fell Tuesday, with Perfect World Co. declining after the company predicted the recent earthquake and service disruption from a related national mourning period will hurt its second quarter.
Sangamo Biosciences president, CEO sells shares (AP)
The president, chief executive and director of Sangamo Biosciences Inc. sold 25,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
