5:00PM NY; 11:00PM Frankfurt; 3:30AM Mumbai - GLOBAL MARKETS
Yield on 10-year bond closed at 4.666% and the 30-year bond closed at 4.847%.
Gold declined $1.800 to close at $669.700 a troy ounce, silver increased 8 cents to end at $13.430 a troy ounce and copper gained $126.000 to close at $7022.000 per metric ton.
Oil lost $1.300 to close at $64.640 a barrel and heating oil declined 2.380 cents to finish at 183.870 cents a gallon. Natural gas decreased 24.5 cents to close at $7.426 per MMBtu. Gasoline went down 2.560 cents to end at 201.720 cents a gallon.
Asian markets closed ended higher, with increases in corporate earnings and demand from securities funds driving China to a record close, while Japan''s Nikkei average advanced on the auto and commodities-related sectors. The advancers were led by Indonesia with an increase of 2.20%, Japan with an advance of 1.27% and India with a gain of 1.26%. There were no decliners. Australia gained 1.51%.
European markets finished higher boosted by utility and mining stocks. The advancers were led by Germany with an increase of 1.56%, Spain with an advance of 1.51% and Belgium with a gain of 1.38%. There were no decliners.
Latin America markets finished higher. The advancers were led by Brazil with an increase of 1.37%, Argentina with an advance of 0.94% and Mexico with a gain of 0.71%. There were no decliners. Canada gained 0.82% with gains in metals and banks making up for weakness in the energy sector.
2:30PM NY, U.S. Market Movers
Accredited Home Lenders Holdings (
LEND: chart) soared 22% after the sub-prime mortgage lender said it obtained more financing. The company received $1.1 billion in new financing, consisting of a new $500 million warehouse facility from a large commercial bank. The company also renewed $600 million warehouse facility with an investment banking firm. The company is in discussions with another investment bank relating to the possible renewal of an existing $650 million warehouse facility.
Astea International (
ATEA: chart), provider of service lifecycle management software applications, reported a fourth-quarter loss of $713,000, or 20 cents per share, wider than its year-ago equivalent loss of $701,000, or 20 cents per share. The company said its concluded the accounting for a 2004 contract with a customer of its U.K. unit was incorrect so it''s restated certain results to fix the timing and classification of revenue. Shares fell 12%.
Cell Genesys (
CEGE: chart) reported promising data from its second mid-stage trial of its treatment for prostate cancer. GVAX Immunotherapy for metastatic hormone-refractory prostate cancer showed a better-than-expected median survival in the trial. Shares of the company climbed 26.7%.
Chicago Bridge & Iron (
CBI: chart) shares were upgraded by Goldman Sachs saying they are the primary beneficiaries of the current capacity squeeze in the engineering and construction industry. Shares of the company jumped 7.6%.
Computer Programs & Systems Inc. (
CPSI: chart) shares climbed 7.7% after the company was upgraded to buy at Sidoti & Co. The firm also lifted its price target on the stock to $34 from $28.
Continental Airlines (
CAL: chart) shares climbed 8% after the airline announced solid March traffic. The company reported a gain of 3.4% in March traffic. The company also said that passenger revenue per available seat mile increased by 4.5% to 5.5% compared to a year ago. Continental saw strong gains in its Latin American and transatlantic segments.
Dean Foods (
DF: chart) shares climbed 5% after the dairy producer announced the completion of $4.8 billion in new financing. The credit facilities consist of a $1.5 billion five-year senior secured revolver; a $1.5 billion five-year senior secured term loan A, and a seven-year $1.8 billion senior secured term loan B. The company also announced the completion of a special dividend of $15 per share.
Dollar Financial Corp. (
DLLR: chart) shares climbed 6.2% after the company said it is developing an Internet-based lending platform for its three global business units. The financial services company said it expects to offer its CustomCash installment loan product later this month in the U.S. through the Internet.
Evergreen Solar (
ESLR: chart) shares rose 7% after the maker of solar-power products received a contract extension from SunEdison. The new agreement calls for Evergreen to ship an additional $316 million in photovoltaic modules to SunEdison through 2011.
IDI Pharma Inc. (
IDMI: chart), biopharmaceutical company, said it will meet with a Food and Drug Administration advisory panel May 9 to discuss its application for Junovan. The drug is aimed at treating osteosarcoma, a type of malignant bone cancer, following surgical resection in combination with chemotherapy. IDM will meet with the Oncologic Drugs Advisory Committee, which will then give its recommendation to the FDA. Shares jumped 21.1%.
iRobot Corp. (
IRBT: chart), robot maker, said it received a delivery order from the U.S. Navy to build additional bomb-disposal robots for U.S. forces overseas. The Naval Sea Systems Command is paying the company $14 million to make the robots, bringing the total value of the orders placed to $66 million. Shares of the company climbed 13.9%.
Kohlberg Capital (
KCAP: chart) shares climbed 9.3% after the company said it was upgraded to buy at A.G. Edwards.