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Mixed Messages in Economic News Wednesday

Economic data out Wednesday morning sent mixed messages for the economy. The good news: First-time weekly jobless claims in the US dipped under the 500,000 mark for the first time in 54 weeks, to 466,000.

| 25-Nov-09 8:28 PM GMT

Downgrades: NRG Energy, American Eagle

This morning, Goldman Sachs and UBS revised their ratings on shares of NRG Energy (NRG). Goldman reduced EPS estimates through 2012 as the company is less likely to repurchase as many shares.

| 25-Nov-09 7:22 PM GMT

Today's Big Losers: TBH, SAY, WMG

Confusion about the ex-div date for Brazilian Telecommunications Corporation (TBH) yesterday caused shares to rally, followed by a halt in trading at around 11:30am. Today, shares of Brazilian Telecommunications are now trading down over sixteen and three quarters percent.

| 25-Nov-09 6:52 PM GMT

Upgrades: EMC, Vistaprint

This morning, UBS initiated coverage on EMC (EMC) with a Buy rating. Analysts at the firm believe the company will be able to expand margins further in 2010 and see this boosting earnings going forward.

| 25-Nov-09 6:38 PM GMT

Today's Big Gainers: JCG, VG, HEV, TPC

J. Crew (JCG) shares are getting a boost Wednesday after the retailer reported it had more than doubled its profits in the third quarter.

| 25-Nov-09 5:32 PM GMT

AIG CEO Signs Non-Compete Contract

The CEO of AIG has reportedly signed a non-compete contract, which could be a sign that he plans to stay put at the struggling insurer. The Wall Street Journal reported today that AIG chairman Harvey Golub told the newspaper that CEO Robert Benmosche is committed to leading the company until the...

| 25-Nov-09 4:32 PM GMT

Tiffany Q3 Profit Slides 1%

Tiffany & Co. (TIF) posted a third quarter profit Wednesday that slid 1%, to $43.3 million, or 34 cents per share, as compared to $43.8 million, or 36 cents per share, in the same quarter last year.

| 25-Nov-09 3:42 PM GMT

Toyota Recalls 3.8 Million Vehicles

Toyota Motor Corporation (TM) said Wednesday needs to recall 3.8 million vehicles to replace faulty floor pedals. Drivers reported sudden acceleration and the possibility of the gas pedal getting stuck in the down position.

| 25-Nov-09 3:28 PM GMT

J. Crew Shares Pop on Doubled Profits

J. Crew (JCG) shares are getting a boost Wednesday after the retailer reported it had more than doubled its profits in the third quarter.

| 25-Nov-09 3:08 PM GMT

Haliburton Profits Will Be Nicked by Pemex Production Cuts

Haliburton (HAL) shares are getting pinched today after the Number 2 oilfield services company said production cuts from Petroleos Mexicanos will shave two cents off of fourth quarter earnings. Pemex, Mexicos state-owned oil company, has seen production fall as its reserves decline.

| 25-Nov-09 2:42 PM GMT

Deere Swings to a Q4 Loss

Deere & Co. (DE) posted a fourth quarter net loss of $222.8 million, or 53 cents per share, as compared to a net gain of $345 million, or 81 cents per share, in the same quarter last year.

| 25-Nov-09 2:38 PM GMT

Risks For Frothy Ag Commodities

A weak dollar has driven hot money into farm commodities, but prices have outrun fundamentals, Barrons.com's Bob O'Brien argues.

| 24-Nov-09 10:54 PM GMT

Merck Approved $3B Buyback

Merck announced a $3 billion share buy back today. The company said buyback will go to its treasury, and the purchase will be made in the open market as well as in private deals.

| 24-Nov-09 10:06 PM GMT

Daily Dividend Report: BKS, TEL, ADI, BDX, HRL

This morning, Barnes & Noble (BKS) declared its quarterly dividend of twenty five cents per share, maintaining the amount paid last quarter. With the dividend, the company also announced disappointing earnings for the quarter, as the company lost forty three cents per share.

| 24-Nov-09 9:50 PM GMT

Cracker Barrel Profit Jumps 40%, Boosts Outlook

Cracker Barrel shares a getting a big boost today after the restaurant chain and retailer posted a 40 percent jump in fiscal first quarter earnings, and boosted its guidance. Cracker Barrel said it earned $18 million, or 78 cents per share, as compared to $12.8 million, or 57 cents per share, in t...

| 24-Nov-09 8:58 PM GMT

Tips for Avoiding Credit Card Skimming

Financial security advisor Tom Patterson offers advice to consumers for protecting credit cards from theft during this holiday shopping season. WSJ's Mary Pilon reports.

| 24-Nov-09 8:44 PM GMT

Today's Big Losers: WMG, GCO, WH

Warner Music Group (WMG) posted a loss from continuing operations of $0.12 per diluted share compared to income from continuing operations of $0.04 per diluted share in the prior-year quarter, missing on analyst estimates. The company noted that there were $14 million in severance charges in the qu...

| 24-Nov-09 8:12 PM GMT

Today's Big Gainers: ADI, AEO, ABG

Analog Devices (ADI) reported fourth quarter revenue of $572 million, and diluted EPS of $0.36 per share, beating estimates by 10 cents. Gross margins were 56.3% and operating margin was 22.5%.

| 24-Nov-09 8:08 PM GMT

Amazon Boosts Kindle Performance

Amazon. om (AMZN) announced today it has boosted the battery life on its Kindle electronic reading device by 85 percent.

| 24-Nov-09 8:02 PM GMT

HP Shares Fall Despite Q4 Profit Gain

Hewlett-Packard (HPQ) shares are falling today after the company reported earnings after the bell last night. H-P reported profits 14 percent higher last night, of $2.41 billion, or 99 cents per share, as compared to earnings of $2.11 billion, or 84 cents per share, in the me quarter last year.

| 24-Nov-09 7:08 PM GMT

Revised GDP Shows Economy Grew More Slowly Than Previously Reported

The US economy did not grow as quickly as initially reported in the third quarter, the Commerce Department said today. Revised gross domestic product data showed GDP grew at a 2.8 percent annual rate in the third quarter.

| 24-Nov-09 5:48 PM GMT

Downgrades: DELL, SAP, NFLX, ALV

This morning, investment firm First Global downgraded shares of Dell (DELL) from Outperform to Market Perform as the firm is concerned about the company's poor performance. While the macroeconomic environment for computer makers is improving, Dell continues to lose market share to peers like...

| 24-Nov-09 5:42 PM GMT

Hormel Profits Rise 50%

Hormel's fiscal fourth quarter profit rose 50 percent, helped by lower costs as sales fell. Hormel earned $103.9 million, or 77 cents per share, as compared to $67.8 million, or 50 cents per share, in the same quarter last year.

| 24-Nov-09 5:32 PM GMT

Upgrades: PRU, AYI, TLAB

This morning, Wells Fargo upgraded shares of Prudential Financial (PRU) from Market Perform to Outperform as the firm believe the insurer has positioned itself better than its peers through the credit crisis. Analysts at the firm see a better capitalized company with more financial flexibility relat...

| 24-Nov-09 5:28 PM GMT

Barnes & Noble, Borders Post Earnings

Two top bookstore chains posted earnings today, and neither reported a happy ending to the quarter. Barnes & Noble said it lost $24 million in its fiscal second quarter, totaling 43 cents per share, as compared to a narrower loss of $16 million, or 34 cents per share.

| 24-Nov-09 5:12 PM GMT

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