Standard & Poor’s announced today that based on the May 11, 2010 update to the domicile criteria for inclusion in the S&P U.S. index family, S&P 500 constituent, XL Capital (NYSE:XL), will not be removed from the Index at this time. For index purposes, XL Capital currently meets the domicile criteria for a U.S company.
Shares of XL Capital are up more than 9.4% on the news.
Ruby Tuesday (NYSE:RT) shares were upgraded today by Credit Suisse (CS) to outperform from neutral and the first raised their price target.
Ruby Tuesday shares are higher by 9.75%.
China Digital TV Holding (STV) posted net revenues in the first quarter of $14.0 million, above the high-end of the company's guidance. Diluted earnings per American depositary share were $0.10.
The company expects smart card shipments for the second quarter of 2010 to be in the range of 2.67 million to 2.87 million. Net revenues for the second quarter are expected to be in the range of $14.0 million to $14.9 million, compared to $14.6 million in the second quarter of 2009.
Shares of China Digital TV are up about 11.5%.
Metabolix (MBLX) and Archer Daniels Midland Company (NYSE:ADM) today announced that Telles received U.S. Food and Drug Administration clearance for the formulated products Mirel F1005 and F1006, food contact injection molding grades for use in food contact applications.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.