business - "market"

Student lender Nelnet Inc. said Wednesday it will suspend its dividend program temporarily. The company said in a statement it needs to preserve capital due to the 'volatility in capital markets.'

SAN FRANCISCO (MarketWatch) -- The House of Representatives voted to override President Bush's veto of a $290 billion farm bill, The Associated Press reported late Wednesday. The 316-108 vote came hours after Bush vetoed the bill earlier in the day.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

TOKYO (Reuters) - Crude oil soared to a fresh record high above $135 per barrel on Thursday as a surprise drawdown in U.S. crude oil inventories and a weaker dollar prompted heavy fund inflows into the market.

Synopsys Inc. said Wednesday that fiscal second-quarter net income fell to $39.4 million, or 27 cents a share, from $41.3 million, or 28 cents a share, a year earlier, due to a litigation settlement in the year-ago period and to increased expenses in the 2008 quarter. Excluding share-based compensation and amortization of intangibles, per-share earnings rose to 41 cents from 35 cents. The Mountain View, Calif.-based electronic design automation software company's revenue rose 11% to $324.6 million in the period ended April 30 from $292.9 million in the year-ago period. On average, analysts polled by Thomson Reuters expected per-share earnings of 38 cents on $321.2 million in revenue. Synopsys forecast fiscal third-quarter earnings of 18 cents to 24 cents, or 38 cents to 40 cents on a non-GAAP basis, and $335 million to $343 million in revenue. (Updates to include impact of litigation settlement on quarterly results.)Market Pulse Stories are Rapid-fire, short news bursts on stocks and

Technology stocks have reclaimed the leadership position as the U.S. market's largest sector by losing less than financial-services shares, which have suffered the brunt of the pain during the credit squeeze.

Experian, the world's biggest credit-checking company, is cracking down on costs to weather tough times ahead after warning that the financial crisis was spreading from the capital markets to the main...

Oil surged through the $130 a barrel mark, fuelling fresh concerns in the markets about how central banks would deal with the growing threat of rising inflation and slowing growth

The Bush administration rolled out pricing details on Wednesday for an urgent student loan market stabilization program mandated earlier this month by Congress, with key lawmakers expressing general support.

SASKATOON, SASKATCHEWAN (MARKET WIRE) PrimeWest Mortgage Investment Corporation ('PrimeWest'), a mortgage investment corporation, announced today that two new members were elected to the Board of Directors at the Annual Meeting of Shareholders held on May 14, 2008. PrimeWest is excited to welcome Irene Seiferling and Douglas Frondall, CA, CMA, CMC, CVA. Ms. Seiferling is the principal of Board Dynamics Consulting of Saskatoon, a corporate governance consulting firm. Ms. Seiferling has 25 years experience involved with boards as an advisor and director, and is an ICD accredited corporate director with a B.A. Economics

LENEXA, KS (MARKET WIRE) Stonegate Mortgage Corporation (Stonegate), headquartered in Fishers, Indiana, officially opened its Kansas City mortgage banking center on Monday, May 12, 2008. Stonegate is a direct correspondent lender and is approved by HUD (FHA) and the USDA as a delegated underwriter. The company will operate in the space formally occupied by Midwest Equity Mortgage at 13600 W. 95th Street, Lenexa, Kansas.