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Thursday, March 11, 2010
   
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Business


Sony Unveils Motion-Control System for PlayStation
Thursday, 11 March 2010
Sony (SNE) has unveiled a new video game control system that allows players to play games with their body movements, called PlayStation Move. The new control system which challenges Nintendos motion-controlled Wii will be available later in the year.
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ING Downgrades ArcelorMittal
Thursday, 11 March 2010
There is another call on the steel sector for ING this morning. ING downgraded ArcelorMittal (MT) stock from Buy to Hold today, ING said it sees price increases on the horizon for raw materials iron ore and coking coal of as much as 35 percent.
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Stocks to Watch: Gymboree, Men's Wearhouse
Thursday, 11 March 2010
Keep an eye on retail stocks Gymboree (GYMB) and Mens Wearhouse (MW) today, after both announced earnings last night that could impact their trade today. Childrens clothing retailer Gymboree announced an earnings increase of 13 percent in its fourth quarter, to $33.2 million, or $1.11 per share.
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FuelCell Shares Trade Higher on New Subcontract
Thursday, 11 March 2010
FuelCell Energy (FCEL) shares are trading higher Thursday after the company announced late yesterday it won a $2.1 million subcontract from Air Products (APD). FuelCell will incorporate its clean energy technology into a hydrogen fueling station that Air Products is developing.
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Volkswagen bullish for 2010
Thursday, 11 March 2010
Despite confirming anticipated company losses for last year, Volkswagen says it will keep up the pace as it plans to chase Toyota's tail.
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