Business
TSX takes off like a rocket
TSX takes off like a rocket
About this update from Clairvest Group Inc.
[{"type":"text","content":"\nTSX takes off like a rocket\n\nMetals, materials get boost\n Feb. 16, 2010 (Baystreet.ca) -- Toronto stocks may find it easy to make headway Tuesday morning helped by upsurges in commodity prices. \n\nThe S&P/TSX Composite Index started a shortened week up 65.46 points to 11,535.27. Markets took Monday off for Family Day. \n\nInvestors may also keep aside, at least for now, worries over the euro zone after the European Union hinted on a tougher stance on the Greece situation. Encouraging financial reports from across the border may also aid sentiment.\n\nFinancial stocks may be in play after Barclays reported a twofold rise in its net profits for 2009.\n\nIn corporate news, energy company Nexen Inc. said it will be sell its subsidiary, Nexen Energy Marketing London Ltd to Nomura Holdings Inc. for $55 million. \n\nEnergy services company Enquest Energy Services announced Friday that it has signed a Letter of Intent with a U.S.-based corporation to sell the assets of Speedy Heavy Hauling, Inc. \n\nGold and precious metals explorer Orvana Minerals Friday reported first quarter net income of $0.01 per share, compared to a profit of $0.03 per share in the prior-year quarter. \n\nSilver miner Pan American Silver reported fourth quarter net income of $0.31 per share, compared to a loss of $0.41 per share in the same period last year.\n\nUranium and gold explorer First Uranium slipped to loss, reporting third-quarter consolidated loss of $0.09 compared with a profit of $0.01 a year ago.\n\nResearch In Motion has introduced BlackBerry Enterprise Server Express -- free new server software, which provides economical advantages to small and mid-sized businesses.\n\nGeothermal power company Magma Energy reported a second quarter net loss of $0.02 per share, compared to a loss of $0.01 per share in the same period last year.\n\nBio pharmaceutical company TBioSyntech, posted third-quarter net loss of $0.03 per share, narrower than $0.05 per share in the previous year period.\n\nMerchant banker Clairvest Group swung to profit, reporting third-quarter net income of $0.14 per share, compared to a loss of $0.04 per share in the year-ago quarter. \n\nPharmaceutical company Immunotec slipped to loss, reporting a fiscal 2009 net loss of $0.065 per share, compared to profit of $0.013 per share in last year.\n\nMineral explorer Soltoro Ltd. said Frid...