2:35 pm Clearwire announced earlier that ISS recommends Clearwire (CLWR) stockholders vote 'for' proposed transaction with Sprint (S). (CLWR) : Co announced that ISS in light of Sprint's revised offer to acquire the ~50% stake in Clearwire it does not currently own for $5.00 per share, has recommended that Clearwire stockholders vote FOR the proposed merger with Sprint.

2:32 pm NYMEX Energy Closing Prices (:COMDX) :

2:30 pm S&P -9 reaches intraday resistance (SPY) : Noted S&P support at 1560/1558 (The Technical Take, 11:35 update) with it hitting 1560.33 at 12:20. A steady climb off the low has reached an intraday resistance at 1583/1584 with the next level at 1588 (open/high). Support if anyafternoon backing and filling develops is at 1575 and 1572.

2:25 pm Dollar Gives Up Gains: 10-yr: +04/32..2.532%..USD/JPY: 97.60..EUR/USD: 1.3138 (:SUMRX) : The Dollar Index climbed to 82.80 in early trade, but has given up its gains as trade holds little changed near 82.30. The recent weakness is putting the current three-day winning streak for the greenback at risk.

2:25 pm CBOT Agriculture and Ethanol/ICE Sugar Closing Prices (:COMDX) :

2:23 pm Dow -55 rebounds as much as 200 points off low -- S&P -10, Nasdaq Comp -22 (:TECHX) :

2:15 pm Crude oil rally continues, Crude hits a new HoD (:COMDX) : Aug crude oil is now +1.9% at $95.45/barrel.

2:11 pm Rosetta Stone announces distribution partnership with Brookstone (RST) : Brookstone announced that it has become a premier retail partner of Rosetta Stone (RST). All 30 Rosetta Stone languages are now available online at Brookstone.com, while top select languages are offered at key Brookstone airport retail locations nationwide.

2:09 pm Further backtracking off highs for 10-yr yields -TNX- (:TECHX) : It has slipped as low as 2.539 (session high 2.657) with today's gap bottom/Friday's high at 2.514.

1:45 pm AK Steel: Middletown (:OH) Works blast furnace experiences incident; no injuries (AKS) : Co said that the blast furnace at its Middletown (:OH) Works facility experienced a mechanical failure in the charging apparatus internal to the furnace on June 22, 2013. The company said that there were no injuries and it is continuing to assess the situation and investigate the root cause of the incident. At this time, the company does not have a specific estimate of the cost or an exact date for completion of the repairs, though it currently expects to complete the repairs as early as sometime in July, though the repairs may be completed later in the third quarter. The company noted that it maintains property damage and business interruption insurance, and it currently expects that its uninsured losses will be between $10 million and $27.5 million. The company currently expects this outage will impact both the second and third quarter shipments and financial results. The company will provide an update to this incident in its scheduled earnings conference call to be held on July 23, 2013 at 11:00 a.m. Eastern Time.

Continued here:
InPlay from Briefing.com

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June 27, 2013 at 12:10 am by Mr HomeBuilder
Category: Siding replacement