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Thursday, March 11, 2010

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Business


Business Update: Slow growth
Wednesday, 10 March 2010
Economists predict the U.S. recovery will be slow enough to prevent interest rates from heading higher.
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Tourism touted for Greek recovery
Wednesday, 10 March 2010
Germany's largest tourism fair opens its doors as the industry expresses cautious optimism that travel-demand is recovering.
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Upgrades: GPN, BUCY, HOT
Wednesday, 10 March 2010
This morning, Susquehanna upgraded shares of Global Payments (GPN) to Positive as the firm sees credit recovering with the economy. Furthermore, the firm expects margins to improve with the release of the new G2 platform.
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FDA Approvals: Allergan, Abbott
Wednesday, 10 March 2010
The Food and Drug Administration said late yesterday that it has approved the use of Allergans (AGN) Botox to treat spasticity in elbow, wrist and finger muscles. Allergan will now be allowed to market Botox typically use to relax facial wrinkles for use in treating spastic muscles.
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Former Sun CEO Blogs About Apple's Past Threat to Sue
Wednesday, 10 March 2010
Heres some tech sector gossip for around the water cooler today Former Sun Microsystems CEO Jonathan Schwartz blogged late Tuesday that Apple (AAPL) CEO Steve Jobs had threatened to sue his company in 2003 over the graphics of an open source software project supposedly infringing on Apples intellectual property. Schwartz said he mentioned that some Mac technology violated Sun patents, and he never heard from Jobs on the matter again.
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