http://stockblurbs.com Stocks and Financial News Wed, 09 Sep 2009 10:14:47 +0000 http://backend.userland.com/rss092 en Vivus shares were up in after-market trading on positive data from two late-stage clinical trials of Qnexa, an experimental treatment for weight loss, before trading begins Wednesday morning. The oral treatment is the Mountain View, Calif.-based company's lead product. NASDAQ:VVUS http://stockblurbs.com/2009/09/09/vivus-shares-higher-in-pre-market-on-positive-qnexa-results/ Gold prices rose over $1000 for the first time since February as the US Dollar weakened over fears of inflation and excess government stimulus spending. Inflation worries has forced investors to investments that are considered safe such as Gold. When the value of the dollar, often considered the world's reserve currency, ... http://stockblurbs.com/2009/09/08/us-dollar-weakens-driving-gold-over-1000/ The 3 billion dollar government program to trade in old cars for rebate incentives from the dealer will end Monday at 8 p.m.  The month old program which initially was set to 1 billion dollars was extended for a total of 3 billion. The program ran for a month and ... http://stockblurbs.com/2009/08/21/cash-for-clunkers-to-end-monday/ A weaker Dollar USD pegged against a stronger EURO with oil at $74 poses the possibility of oil breaking a technical level of $74 and rising to $85. Friday Crude Oil hit a 12 month high. http://stockblurbs.com/2009/08/21/oil-possibly-to-hit-85/ Expirations Friday and the beginning of Ramadan are some topics Art Cashin mentioned Friday morning as he discussed the possible change in sentiment. A weak US Dollar and a free fall in stocks could be a bad situation for the stock market. Mortgage defaults soared over 13% which is the ... http://stockblurbs.com/2009/08/21/art-cashin-warns-of-possible-change-of-sentiment/ Myspace will purchase social network music site ILike.com for an undisclosed amount. Brothers Ali and Hadi Partovi founded iLike in 2006. In two years iLike has become the largest music application across all social networks -- with 55 million total users and 1.5 billion monthly impressions. No structural changes will be ... http://stockblurbs.com/2009/08/20/myspace-to-acquire-ilike/ It was previously reported that there were 17,000 US customers at UBS who were hiding assets from the IRS but now it is alleged that the number is closer to 52,000 with assets of 14 billion. Here is what was reported on the DOJ website WASHINGTON - The government filed a lawsuit ... http://stockblurbs.com/2009/02/19/united-states-asks-court-to-enforce-summons-for-ubs-swiss-bank-account-records/ NEW YORK -(Dow Jones)- Sprint Nextel Corp. (S) posted a narrower fourth- quarter loss and indicated that it's on the cusp of turning around its subscriber losses. The Overland Park, Kan., wireless carrier lost 1.3 million subscribers in the fourth quarter - still an alarmingly high rate - but suggested the ... http://stockblurbs.com/2009/02/19/sprint-4q-2008-loss-less-than-expected-but-keeps-losing-customers/ Computer giant Hewlett Packard is feeling the recession as it reported a profit drop of 13 percent and was forced to cut it's 2009 forecast. "The swing in the revenue outlook is particularly glaring and suggests that, clearly, their business has slowed materially over the last two months," said Calyon Securities ... http://stockblurbs.com/2009/02/19/hps-profit-drops-13-cuts-2009-forecast/ Switzerland's largest bank, UBS, has admitted helping U.S. taxpayers hide money from the IRS. They have agreed to pay $780 million in fines and restitution, and to turn over account information. "UBS admitted to conspiring to defraud the United States by impeding the IRS," the Justice Department announced late Wednesday. The statement ... http://stockblurbs.com/2009/02/19/ubs-to-pay-780-million-to-us-government-over-tax-charges/