Employers Hiring Fewer Workers

December 8, 2009 10:46 AM |
Wary employers are hiring fewer workers during these uncertain economic times. The markets traded lower during the midday with the Dow dropping 96 points to 10,293. Nasdaq lost 9 points to 2180.

On the upside

McClatchy (NYSE: MNI) expects advertising revenue to increase.

Motorola (NYSE: MOT) unveiled a new ergonomic, light weight, handheld radio frequency identification reader.

Select Comfort (Nasdaq: SCSS) priced its offering of 3.8 million common shares at $4.75 per share.

On the downside

Vail Resorts (NYSE: MTN) widened first quarter losses as revenue plummeted.

Resource America (NYSE: RSO) swung to a profit for the fourth quarter but revenue fell.

Emergent BioSolutions (NYSE: EBS) announced that the Office of the Biomedical Advanced Research and Development Authority cancelled its request for proposal for procuring rPA vaccines and will instead issue a request for proposal for development of rPA vaccines. 

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by a margin of nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 599.

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This page contains a single entry by published on December 8, 2009 10:46 AM.

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