Stock Roundup For Wednesday July 9th 2008

by Darren

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

It’s been an interesting day for the stock market so far. Some of the news has been fairly predictable, but a couple of surprises have found their way in also.

Bad News:

NWA - Northwest Airlines (NYSE: NWA) - has announced the company is cutting 2,500 jobs due to the high costs of transportation fuel.

Steve and Barry’s - Steve and Barry’s has filed for Chapter 11 Bankruptcy protection. The company blamed the poor retail environment for their troubles.

Insider Transactions:

PIR - Pier One’s (NYSE: PIR) - CEO buys 25,000 shares of the company’s stock.

Good News:

Molson Coors Brewing Company (NYSE:TAP) - Coors is doing a great job of marketing their beer, as compared to larger rivals. “When they tried all this other funny stuff, it was just a flop,” said Morningstar analyst Ann Gilpin. “Recently, they’ve kind of gone back to basics,” adding the message is “resonating more with consumers.”

Oil prices are weighing on the general market.

If you enjoyed this post, Grab the free Superior Investor Blog full RSS feed!.