Business
Markets sag early Friday
Markets sag early Friday
About this update from Galiano Gold, Inc.
[{"type":"text","content":"\nMarkets sag early Friday\n\nMetals weigh TSX\n\n Apr. 16, 2010 (Baystreet.ca) -- \nBay Street stocks are poised for a mixed opening Friday amid falling commodities prices and the continued flow of encouraging earnings reports from across the border.\n\nThe S&P/TSX Composite Index opened the week's final session down 40.50 points to 12,171.02\n\nRenewed concerns over the euro-zone debt issues and profit taking may put pressure on the markets. \n\nFinancial stocks may be in play after Bank of America reported first quarter earnings of $0.28 per share, beating consensus estimates by a notable margin. \n\nWednesday, JP Morgan reported first quarter net income of $0.74 per share, beating consensus estimates for a earnings of $0.64 per share.\n\nGeneral Electric Co said Friday that excluding one time items it earned $0.21 per share in the first quarter, beating analysts' expectations for a net income of $0.16 per share.\n\nIn corporate news from Canada, space science products maker COM DEV International bought substantially all of the assets of Routes AstroEngineering, a privately owned company specializing in the design and manufacture of advanced instruments for space science research applications.\n\nLogistics technology solutions provider Descartes Systems Group said its wholly-owned subsidiary, Dexxcartes bvba, has completed the acquisition of Zemblaz NV, formerly denominated as Porthus NV.\n\nMineral explorer Keegan Resources announced that Maurice Tagami has been appointed President and Chief Executive Officer of the company \n\nGold company Avion Gold said it entered into an agreement with Canaccord Financial Ltd.to sell 35.80 million common shares for gross proceeds of $25.06 million.\n\nGold explorer Alder Resources said it plans to complete a non-brokered private placement financing of 12 million common shares at $0.25 per share, for gross proceeds of $3 million. \n\nElevators and escalators maker Symax Lift (Holding) Co reported net income of $0.04 per basic share for fiscal 2009, up from $0.02 per share in the prior year.\n\nPetroleum and natural gas company Bellamont Exploration said its fourth-quarter net loss narrowed to $0.01 per share from $0.02 per share in the prior year period. \n\nIn economic news, Statistics Canada said manufacturing sales edged up 0.1% to $ 44.10 billion in February, with most of the sales in...