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Markets Up As Airline On-Time Arrival Rates Improve
The markets advanced during the midday with the Dow gaining 46 points to 10,598 as airlines reported better on-time arrival rates. Nasdaq climbed 17 points to 2349.
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The markets advanced during the midday with the Dow gaining 46 points to 10,598 as airlines reported better on-time arrival rates. Nasdaq climbed 17 points to 2349.
On the upside Japan granted EDAP (Nasdaq: EDAP) marketing approval for its newly designed, high-end lithotripsy device. Briefing.com reported rumors that Netlist's (NYSE: NLST) technology was incorporated into Cisco Systems' (Nasdaq: CSCO) new CRS-3 router which offers over 12 times the speed and capacity of current systems. Sprint Nextel (NYSE: S) chief financial officer Bob Brust said that debt will be reduced much more quickly and suggested that quarterly revenue may increase for the first time in four years. On the downside Superior Well Services (Nasdaq: SWSI) disappointed by swinging to a greater than expected fourth quarter loss as revenue tumbled. Exelixis (Nasdaq: EXEL) reported a fourth quarter loss, announced the elimination of approximately 270 positions and plans to restructure the company. Analysts were unimpressed by Texas Instruments' (NYSE: TXN) first quarter earnings guidance update.
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