market news

TREASURER Wayne Swan has told supermarket giant Coles to 'look very closely' at criticisms levelled at it by petrol commissioner Pat Walker.

TOKYO -- Battered by a slumping North American auto market and unfavorable currency swings, Toyota is forecasting a double barrel of bad news this fiscal year: its first year-on-year sales slide in ni...

SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Friday's session are Clear Channel Communications Inc., Huntsman Corp., and Windstream Communications Corp.

LOS ANGELES, CA (MARKET WIRE) Connective marketing and communications leader TBA Global has formed TBA DEEP, a new thought leadership group focused on the creation of branded content for Fortune 500 companies. The TBA DEEP division was created due to the success of TBA Global's recent branded entertainment programs for clients such as McDonald's, Ford, Chivas, and MTV.

MONTREAL, QUEBEC (MARKET WIRE) Senvest Capital Inc. (TSX: SEC) today reported a net loss of $108,898 or $0.04 per share for the three months ended March 31, 2008. This compares to net earnings of $4,238,777 or $1.60 per share for the same period in 2007. Book value was $59.27 per share at the end of the first quarter.

ANN ARBOR, MI (MARKET WIRE) Affinia Group Inc. announced a 5.4% increase in sales for the first quarter ended March 31, 2008 compared with the first quarter ended March 31, 2007. Additionally, operating profit for the first quarter improved by 64% over the same period in 2007. Operating profit was $18 million in the first quarter of 2008 compared with $11 million in the first quarter of 2007. The Company also posted $18 million of operating cash flow for the first quarter of 2008, a $15 million improvement over the same period in 2007.

FAIR HAVEN, NJ (MARKET WIRE) Chase Packaging Corporation (PINKSHEETS: CPKA) today announced that its Board of Directors declared a semi-annual five percent stock dividend on its outstanding Series A 10% Convertible Preferred Stock ('Preferred Stock'). Shareholders of record as of May 23, 2008, will receive the stock dividend for each share of Preferred Stock owned on that date, payable on May 30, 2008.

A RELUCTANCE to spend is starting to show at the top end of the market, with David Jones sales growth slowing sharply.

TORONTO, ONTARIO (MARKET WIRE) 1693062 Ontario Inc. announces that on May 7, 2008 it purchased 1,900 Dividend shares at a price of $11.25 per share and on May 8, 2008 it purchased 1,000 Non-voting shares at a price of $0.34 per share of Pyxis Capital Inc. ('Pyxis') through The Toronto Stock Exchange bringing its total holdings in Pyxis to 7,500,000 Common shares (36%); 45,843,940 Non-voting shares (65.69%) and 5,900 Dividend shares (0.13%). As disclosed in 1693062 Ontario Inc.'s April 29, 2008 Take-over Bid Circular, in connection with its offer for all the shares of Pyxis Capital Inc., 1693062 Ontario Inc. may make

Uncertainty about the global economic outlook continued to keep financial markets on edge as investors digested interest rate decisions in the UK and eurozone and oil maintained its gravity-defying performance