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Trading at Noon: Wall St trims losses into EU close

Wednesday, May 09, 2012 - 03:44

May 9 - U.S. stocks cut losses heading into the close on Wednesday of European markets

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It's. It's another day of market turmoil triggered by European election results in France and greets US stocks are sharply at the open. But recovered somewhat as we cross -- worries about sovereign debt an austerity programs on why I have pushed investors into safer assets. Right now the Dow Jones Industrial Average is down more than 610%. S&P and NASDAQ also in retreat. Tracking down the S&P at this hour are industrials and health care and energy US treasuries benefiting from a flight to quality. Brent crude futures turn higher as US crude pared losses and gold fell for a third day brushing a four month low. The activist hedge fund that stirred up controversy -- Yahoo! is now weighing in on what should happen next. In a letter to the Yahoo! board hedge fund third point says. Fire CEO Scott Thompson let its own nominee head up the executive search committee and install one of Yahoo! insiders is interim CEO. It was revealed days ago that Thompson does not have a computer science degree despite what was stated on his official company biography. It is Yahoo!'s largest outside shareholder. Yahoo! stock right now is trading slightly lower. Just matter what you Wear when you run a company that may be worth up to 95. Billion dollars. The answer is no if you read what's lighting up the blogs today on Facebook's Mark Zuckerberg. Tech pundits are coming to Zuckerberg defense. After an analyst from the went public securities told Bloomberg does pretty Zuckerberg wore to an investors meeting was a quotes mark of immaturity. Where bush however was the first to recommend the body of FaceBook with a price reaching 44 dollars after the IPO. This tweet from all things digital blogger. Who called that analyst -- do this -- On the earnings radar AOL reported better than expected revenue and profit but weaker ad sales in the US and viewers subscriptions dragged total revenue lower. It's -- right now is trading up by about one point 8%. Top US dairy producer Dean Foods reported higher than expected quarterly profit and raised its full year forecast. That's stock is now up by nearly 10%. After the bell get a report from News Corp. Now for some stocks to watch those that are writers -- -- correspondent Charles I Nicholas yeah. One of the biggest movers on the NASDAQ today on -- the net and percentage basis is so industry company which makes home sort of making its. Reported better than expected results being gave a solid outlook for the rest of the year. That's pushed stock up more than 40% which is its biggest one they moved in about a year and this list of the stock to its highest level in about two months. -- where California judge tossed out a lawsuit in which the Chinese firm -- electronics. Accused apple of tricking it into selling the iPad name for less than that might -- shares of apple -- slightly higher. Shares of Walt Disney also on the move higher the company's quarterly earnings beat Wall Street expectations. As profit rose 21%. Despite a loss from the science fiction film Obama and John Carter. Another development in Green mountain coffee that company stripped its founder Robert Stiller of his role as chairman. And demoted another director for selling company's shares at a time when trading by insiders was prohibited. What's a high flyers shares of Green mountain have lost 77% of their value since September on concerns that increased competition would stunt growth. I'm Rhonda -- this is writers.

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Trading at Noon: Wall St trims losses into EU close

Wednesday, May 09, 2012 - 03:44