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Looking for Stock Bargains A global crisis can throw a lot of decent companies out with the bathwater, which is where special-situations fund managers come in. Wall Street JournalMetro Bancorp raises money, ready to buy Republic First Metro Bancorp said Tuesday it raised an extra $7.15 million after underwriters of its public offering exercised their over-allotment option to purchase an additional 625,000 shares of its stock. (METR) Biz JournalMarkets close mixed on J&J earnings Most stocks posted modest losses Tuesday after quarterly sales at Johnson & Johnson fell short of expectations and an influential analyst stirred worries that bank shares are overheated. MsnIntel glides past Street expectations, cheers market SAN FRANCISCO (Reuters) - Intel Corp's quarterly outlook and results soared past expectations on Tuesday, sending shares 7 percent higher and fueling optimism over a tech sector recovery before the crucial holiday season. ReutersImpotence, Incontinence Risk Casts Doubt on High-Tech Prostate Surgery Marketing is buoying use of the technique, researchers say, but surgeon's experience is key ForbesIntel gives world markets a boost London (AP) -- World stock markets rallied Wednesday after an upbeat earnings statement from Intel Corp., the world's largest chipmaker, and China's economy showed more signs of a recovery.... The Arizona RepublicPRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day (INO News) 13 minutes ago Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=hmN0UMmZWFKlXXZZpTnopQ%3D%3D. You can use this link on the day this article is published and the following day. ino.comStocks surge on strong earns from Intel, JPMorgan NEW YORK (AP) -- Surprisingly strong earnings reports from Intel Corp. and JPMorgan Chase & Co. are sending stocks sharply higher.... The Arizona RepublicWall St wobbles on earnings jitters US stocks limped to a mixed close today as jitters about the upcoming wave of corporate earnings offset the positive impact of a big acquisition in the tech sector. The AustralianDoes long-run purchasing power parity hold in Eastern and Southern African countries? Evidence from panel data stationary tests with multiple structural breaks This study tests for the long-run purchasing power parity hypothesis for a panel of 17 African economies, all belonging to the Common Market for Eastern and southern africa, over the period 1970-2007. This assumption is considered both in its traditional view, that is, the reversion of the real exchange rate (RER) to a constant mean, and in the Balassa-Samuelson view, that is, the reversion of the RER to a constant trend. For this purpose, we use the new panel data stationary test advocated by Carrion-i-Silvestre et al. that accounts for multiple structural breaks and cross-sectional dependence. Finally, our results give strong evidence for purchasing power parity when the Balassa-Samuelson version is considered. This finding supports the view that purchasing power parity is most likely to be found among high inflation less developed countries and non-CFA countries. Copyright © 2009 John Wiley & Sons, Ltd. Wiley InterScience1 2 3 4 5 |
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