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UPDATE: Shuffle Master Shares Hit On Profit Slump
9 Jun 2006 source: morningstar.com

CHICAGO (Dow Jones) -- Shares of Shuffle Master were getting decked early Friday, losing as much as 6% the morning after the gambling equipment maker reported robust revenue growth in its fiscal second quarter but came up short of Wall Street's profit expectations. After the close of trading Thursday, Shuffle Master (SHFL) said it lost $12.7 million, or 37 cents a share on the period, a turn fr ...


Miners lead FTSE rally
9 Jun 2006 source: today.reuters.co.uk

LONDON (Reuters) - By Keiron Henderson LONDON - Mining stocks led the top share index up on Friday, rallying after big falls on Thursday, but the FTSE 100 still scored a hefty loss on the week as interest rate worries persisted. Thursday's biggest fallers were among Friday's biggest gainers as gold and copper prices rebounded, pushing Anglo American up 4.9 percent and prompting gains of up to 4. ...


UPDATE: Alcoa Shares Rise On Prudential Upgrade
9 Jun 2006 source: morningstar.com

SAN FRANCISCO (Dow Jones) - Shares in Alcoa Inc. rose Friday after Prudential upgraded the world's biggest aluminum producer to neutral weight from underweight, a move pinned primarily to a pullback in the company's share price. In early action, Alcoa (AA) shares were up 47 cents, or 2.6%, at $30.87, well off a month-ago high of $36 a share - which is a big part of the upgrade. "We are raisi ...


Goldman, Lehman And Bear Look To Ride Momentum
9 Jun 2006 source: morningstar.com

NEW YORK (Dow Jones) -- Goldman Sachs Group Inc., fueled by strong mergers and acquisitions advisory revenues, is expected to nearly double its profits, setting the bar for the three big brokerages announcing results next week. Analysts have ratcheted up expectations during the last two weeks for the sector. Keefe Bruyette & Woods analyst Lauren Smith expects Goldman and Morgan Stanley (MS) ...


£bn World Cup of gold
9 Jun 2006 source: thisismoney.co.uk

Jonathan Prynn, Evening Standard9 June 2006 BRITAIN is set for a £1bn World Cup boost as the tournament becomes the biggest sporting event ever in economic terms. WANT TO KNOW MORE? POLL: Who will win the World Cup? OTHER STORIES Water giant faces huge new fine Market report: Friday 15:45 House of Fraser 'keen' on Baugur bid Property firm hit by double legal blow Fullers' World Cup bid THE EDITOR'S PICKS TOP STORY: Your favourite cars TOP TOOL: Tra ...


Misys says gets MBO interest
9 Jun 2006 source: today.reuters.co.uk

LONDON (Reuters) - Software firm Misys (MSY.L: Quote, Profile, Research) said on Friday it had received a request from members of senior management about making a possible offer for the company, sending its shares up as much as 25 percent. "An independent committee of the board has been established to consider this request," the company said in a statement. It said the company had not yet recei ...


Market report: Friday 5|:45|
9 Jun 2006 source: thisismoney.co.uk

Mickey Clark, Evening Standard9 June 2006 PUNCH-DRUNK City investors have taken a big hit this week and faced some hefty losses. Today they set about clawing back some of the deficit, encouraged by a resilient performance overnight on Wall Street, where the Dow rallied from being 173 points down to close eight points up on the session. WANT TO KNOW MORE? POLL: Where will the FTSE 100 index  ...


MARKET SNAPSHOT: U.S. Stocks Edge Higher; Spike In Import Prices Caps Gains ...
9 Jun 2006 source: morningstar.com

U.S. stocks edged higher Friday on an improved profit outlook for chipmaker Texas Instruments and broker upgrades for Alcoa Inc and Coca-Cola, but gains were tempered by renewed concern over inflation after a bigger-than-expected rise in May import prices. The Dow industrials (DJI) was up 5 points at 10,944 after a volatile session on Thursday where the index recovered from a more than 170 poin ...


Court approves Standard Life demutualisation
9 Jun 2006 source: today.reuters.co.uk

LONDON (Reuters) - A Scottish court has approved insurer Standard Life's (SL.UL: Quote, Profile, Research) plan to scrap its mutual status and move towards a listing this summer, the company said on Friday, a week after policyholders gave their green light. About 98 percent of the voting members of Europe's largest mutual life insurer backed its demutualisation, which will end 80 years of mutual ...


Indian stocks in strong comeback
9 Jun 2006 source: bbc.co.uk

Indian share prices have rebounded, jumping by over 5% on Friday and breaking a five-day losing run. The benchmark Bombay Stock Exchange Sensex closed at 9,810.46 points, recovering from Thursday's near 5% drop, its lowest end since January. Indian shares have fallen by more than 25% over the past month after hitting a record high of 12,612 points. The Indian stock market for much of 2006 has been volatile and analysts say more uncertainty is expected. The 514.65 point gain on the Sensex in ...


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