U.S. stocks wobbled Tuesday and ended the day mixed even as automakers reported improved auto sales and Warren Buffet’s Berkshire Hathaway said it would buy Burlington Northern Santa Fe Corp.  Traders were reluctant to place big bets as they awaited the outcome of a two-day FOMC meeting which got underway Tuesday and Friday's monthly jobs report.  Although expectations are the Fed would keep interest rates in the 0-0.25% range, Wall Street has been speculating if there would be a change of tone in the policy statement. 

On Tuesday, the 30-stock Dow Jones industrial average closed down 17.53 points, or 0.18%, to 9,771.91.  The broad Standard & Poor's 500-stock index added 2.53 points, or 0.24%, to 1,045.41 and the tech-heavy Nasdaq advanced 8.12 points, or 0.40%, to 2,057.32.  On the NYSE, volume slowed to 1.38 billion shares.  

The news of a sale of 200 tons of gold to India sent

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Friday August 21, 2009

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Saehan Bancorp (OTCBB:SAEB) today announced financial results for its second quarter ended June 30, 2009, reflecting the continued impact of current economic conditions. The company reported a net loss of $22.3 million, or $1.39 per diluted share, for the second quarter of 2009 compared with a net loss of $1.6 million, or $0.13 per diluted share, in the same period a year ago. The return on average equity for the second quarter of 2009 was -142.3 percent and the return on average assets was -9.26 percent compared with -10.23 percent and -0.77 percent, respectively, for the second quarter of 2008.

Expo Holdings, Inc. (PINKSHEETS:

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Friday August 21, 2009

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Novellus Systems, Inc. (Nasdaq: NVLS), today announced that it will provide its mid-quarter update for the third quarter 2009 in a conference call to be held Thursday, September 3, 2009, beginning at 1:30 p.m. PDT. The call will be available via an audio webcast that can be accessed on Novellus’ Investor Relations home page, located at www.novellus.com/. A replay of the webcast will be available for seven days following the conference call.

Farmers & Merchants Bank of Long Beach (OTCBB: FMBL) today announced that its board of directors has declared a regular quarterly cash dividend of $21 per share

Novellus Systems Inc. (NVLS) fell short of Wall Street's earnings expectations in the second quarter, but shares have eeked out a gain so far today due to a positive outlook for the current quarter.

The chip-making equipment manufacturer reported a second-quarter adjusted loss of 41 cents per share late Monday, which was 3 cents wider than the consensus estimate.

Revenue plunged 54% year over year to $119.2 million. The performance, however, matched Wall Street expectations and the company's April guidance of $110 million to $125 million.

The company also said bookings rose 43% from the first quarter to $111.2 million, while shipments grew 30% to $120 million.

Novellus CEO Richard Hill offered a bullish third-quarter outlook in a conference call with analysts. He said the company is likely to post a loss of 15 cents per share to break-even on revenue of $150 million to $180 million.

Analysts, on average, are expecting a loss