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USA Stock Report

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Cytta corp has been trading on volatile patterns. Amid concerns of fraud in the company the stocks have been hitting on lows. The stock soared 18.18% on a traded volume of over 9 million shares. The reason behind the surge is not yet clear. The Complaint alleges that defendant First Resource signed agreements to promote Trinity Care and Cytta’s stock, for which the firm...

Pharmaceutical distribution major McKesson Corp. has declared its profits. The company has declared that the profits has nearly doubled in the fiscal third quarter as sales improved. The company has also declared that is spent less reserves on lawsuits in the quarter which again boosted the earnings of the company.   McKesson said its profit grew to $300 million, or...

In signs of turn around mineral producer Amcol International has declared profits for the financial year. This when the company was deep in the red over the same period last year.  The company was able to improve its margins in minerals and oilfield services segments. The company expects to improve its profitability and revenue margins in the current quarters due to improved...

Detroit based Ford has had its best year in terms of revenues and profitability since 1998. This has ensured that the workers have received the largest payouts as bonus for the first time in thirteen years. The company was able to maintain consistent growth patterns over the four quarters and was able to hold off rising raw material prices and declining sales.  The company...

In what could provide an insight into the global employment situation, recruitment major monster has decided to lay off 400 employees from the organization. This against a backdrop of declining revenues and also as part of the company’s restructuring policy. The cuts, along with other planned moves, are expected to save $100 million per year. They were announced as Monster...

Heavy duties vehicle manufacturer Caterpillar was able to declare outstanding results on the back of sales to the developing economies and a strategic plans on acquiring new clients during the quarter. Caterpillar Inc. reported top line growth revenues of $60.14 billion, an increase of 41 percent from $42.59 billion in 2010. Adjusted PAT 2011 was $4.93 billion, an 83-percent...

Surge in oil prices have helped oil companies book record profits in the current quarter.  However, investors did not seem happy with the results posted by the company. Shares fell on Friday after the company’s Q4 earnings missed estimates on losses linked to its refining business and compensation costs, whiles its production dropped slightly short of the mark. The...

Copper imports in China touched a new record high in December on the back of an anticipated rise in demand in the coming months. According to the reports of General Administration of Customs, the inputs have gone up by 78 percent in comparison to last year. The domestic production has also increased leading to an advance in the London Metal Exchange. It reached $8,428.5...

Pharmaceutical giant Pfizer has declared its quarterly numbers.  The company’s profit fell by half as the company sold less of its cholesterol fighting drug Lipitor and also had to incur one time charges. With Lipitor off the patent list Pfizer will have to come up with improved product. The New York-based maker of Viagra said net income was $1.44 billion, or 19 cents...