Stocks move higher on better-than-expected jobs report
Investors are cheering a government report that says employers cut fewer jobs than expected last month.
The Labor Department says 345,000 jobs were lost in May, significantly less than the half-million job losses economists had been expecting and the fewest job losses since September.
However, the unemployment rate surged to a slightly higher-than-expected 9.4 percent from 8.9 percent in April.
John W. Melville to Lead Sales Efforts, Direct Growth Moving Forward
ZAGG Inc. (OTCBB: ZAGG), a leading producer of mobile electronics accessories including the popular invisibleSHIELDTM and ZAGGaudioTM lines, has named John W. Melville as the Director of Sales. Mr. Melville joined ZAGG in May 2009.
Mr. Melville most recently served as the CEO of Impact Sports and Media, where he provided the overall direction for an award-winning action sports filming and production company. He brings to ZAGG more than a decade of knowledge and experience in the wireless industry, along with a wealth of connections and contacts.
Stocks surge amid positive economic data
Wall Street is starting June with a gain, boosted by reports that paint a more upbeat picture of the global economy.
Investors looked past General Motors Corp.’s bankruptcy filing and instead took cues from overseas markets, which surged on Asian and European surveys showing improvements in manufacturing.
The stock rally gained more momentum Monday from better-than-expected reports on the U.S. economy, including manufacturing, consumer spending and construction spending.
CEOs of Participating Companies Will Deliver Presentations From 8 a.m. – 5 p.m. At the Hilton Fort Lauderdale Marina On Tuesday, June 16th
ORLANDO, Fla., May 28, 2009 (GLOBE NEWSWIRE) — RedChip Companies, Inc. today announced that the CEOs and executive teams of 12 emerging small-cap and healthcare technology companies will deliver financial presentations during the 2009 RedChip Small-Cap Investor Conference to be held June 16, 2009 in Fort Lauderdale, Florida. The event is being held in conjunction with Collaborative Communications Summit’s Health Information Technology conference and will feature a dedicated presentation track for healthcare technology companies and a second track for financial presentations by emerging growth companies representing a diverse range of sectors including Technology, Energy, Consumer Goods, Telecommunications, and more. The event will also feature two days of keynote presentations and panel discussions held June 16th and 17th by healthcare industry leaders and regulators focused on healthcare information technology topics. The RedChip investor conference will take place one day only — on Tuesday, June 16th from 8 a.m. to 5 p.m. — at the Hilton Fort Lauderdale Marina (1881 SE 17th Street Causeway).
ZAGG Inc. (OTCBB: ZAGG), a leading producer of mobile electronics accessories including the popular invisibleSHIELDTM and ZAGGaudioTM lines, announces their schedule for upcoming financial conferences and events.
Stocks are higher on better-than-expected retail earnings report
Stocks are higher in the last session ahead of the Memorial Day weekend, supported by an unexpected profit from Sears Holdings Corp, and a better-than-expected earnings report from fellow retailer Gap Inc. Moody’s said it is comfortable with the US government’s triple-A credit rating, easing fears about the future of the nation’s rating, which were exacerbated by yesterday’s rating outlook downgrade of the UK by Standard & Poor’s. Treasuries are higher in an abbreviated session even as equities gain ground and as there are no major economic releases scheduled for today. In other equity news, BankUnited became the largest bank failure this year, and the US Treasury confirmed that it will inject $7.5 billion of additional capital into GMAC. Overseas, markets are mixed as Europe is also in rebound mode.