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Asian markets mostly lower; airline stocks down in Tokyo HONG KONG (MarketWatch) -- Asian markets were mostly lower early Thursday, with Japanese stocks led downward by airlines and pharmaceutical shares, although exporters and financials gained on a weakened yen and overnight gains on Wall Street. The Nikkei 225 Average fell 0.5% at 8,436.94 in early morning trade, and the broader Topix Index lost 0.6% to 813.22. Australia's S&P/ASX 200 rose 0.4%, and New Zealand's NZX 50 gave up 0.5%, while South Korea's Kospi slipped 0.2%, after rising in the previous four sessions.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. Market WatchOil Falls 2.2% on Inventory Build Crude-oil futures ended lower as U.S. inventories soared to 16-year highs, but they found support from a sharp drop in stockpiles at a key oil hub. Wall Street JournalML Macadamia Orchards, L. P.: ML Macadamia Orchards, L.P. Reports Positive 2008 Operating Results HILO, HI (MARKET WIRE) ML Macadamia Orchards, L.P. (OTCQX: NNUT) (PINKSHEETS: NNUT) announced today that for the twelve months ended December 31, 2008, it reported a net income of $68,000 and net cash flow, as defined in the Partnership Agreement, of $1.6 million. The results mark a significant improvement over the $4.0 million loss and negative $2.5 million cash flow reported for the year ended December 31, 2007. The improvements result mainly from increased revenues, slightly higher nut prices, lower general and administrative costs and a third quarter crop insurance recovery related to the 2007-2008 harvest. Market WireHow do you feel about the Obama`s administration`s push to collect more taxes? Higher tax rates result in lower revenues. They result in reduced productivity and lower standards of living.Lower tax rates result in higher revenues. They result in higher productivity and greater standards of living.Obama's push to collect more taxes, through new taxes and higher tax rates, will result in the inevitable reductions in tax revenues collected, productivity, and standards of living. Wall Street JournalThe Upside of Low Migration A Census data report released last week showed that migration rates across the united states plunged sharply in 2008 to levels that haven't been seen since the Great Depression. For the period July 1, 2007 to June 30, 2008, the number of people migrating away from domestic metropolitan areas with populations of 1 million or more was 336,000, versus 688,000 people during the same period in 2005-2006, according to an expert's analysis of the data. This represents a 50 percent decline in people moving out of urban areas, and that is significant.[...] ! Metro Green BusinessTheratechnologies Announces Financial Results of the First Quarter 2009 MONTREAL, QUEBEC--(Marketwire - March 25, 2009) - Theratechnologies inc. (TSX:TH)- Strong financial position- Expenses trending lowerTheratechnologies (TSX:TH) today announced its financial results for the first quarter ended February 28, 2009.'We ended the first quarter of 2009 with $72 million in liquidities and with expenses trending lower', said Luc Tanguay, Senior Executive Vice-President and Chief Financial Officer. 'This is due to the payment received at closing under the agreement with EMD Serono and a decrease in research and development expenses,' he explained. 'Today, we are able to look to the future of Theratechnologies with confidence, having the funds necessary to finance our business plan without any need to access capital markets,' Mr. Tanguay concluded Market WireCanadian Markets: Toronto stocks stick to late-day losses as banks, oil decline Canadian stocks close lower Wednesday as oil and a late-afternoon dip by Wall Street pull the benchmark index into the red. Market WatchOil slides but holds above $US50 OIL ended lower as US inventories soared to 16-year highs, but it found support from a sharp drop in stockpiles at a key oil hub. The AustralianGreen gameplan for Biz Business News: Hollywood aims to lower its carbon footprint -- Hollywood is striving to lower its carbon footprint. That was the theme for Greening Hollywood Set by Set, a symposium hosted by the Location Managers Guild of America. VarietySports Convention Could Lead To Olympic Bid For Denver A convention this week has sporting leaders from around the globe in Denver, discussing the future of sport. Some call this convention Denver?s ?port of entry? into luring the Olympics once again. The Denver Channel1 2 3 4 5 |
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