Stocks rise on GE upgrade despite weak employment data

U.S. stocks rose on Friday as investors took heart after the government said monthly payroll losses slowed, even as unemployment rose above 10 percent.

General Electric Co shares jumped more than 5 percent after a brokerage upgrade, and helped lead the industrial sector higher.

The market had opened lower after data showed the unemployment rate topped the psychologically key 10 percent level and reached the highest point since April 1983.

U.S. employers cut 190,000 jobs in October and unemployment hit its highest level since 1983. Despite the disturbing headline unemployment number, payroll losses continued to decline, which some investors saw as a mild positive as the hourly work week remained static.

The Dow Jones industrial average was up 17.84 points, or 0.18 percent, at 10,023.80. The Standard & Poor’s 500 Index rose 2.30 points, or 0.22 percent, at 1,068.93. The Nasdaq Composite Index increased 7.87

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OTTAWA, ONTARIO — (Marketwire) — 11/06/09 — Wind Works Power Corp. (OTCBB: WWPW)(FRANKFURT: R5E1)(WKN: AOKE72) is pleased to announce that they have signed an agreement to increase their equity interest from 50% to 100% in Settlers Landing Wind Park. The agreement calls for the issuance of 300,000 restricted common shares of Wind Works stock, and the payment in cash of $450,000, the latter subject to milestones.

As part of the acquisition of Zero Emission People, announced October 27, 2009, Wind Works acquired a 50% interest in Settlers Landing, a 10 megawatt wind energy project located near Pontypool, in Ontario, Canada.

“Settlers Landing is a key project in our portfolio and we are very excited about the opportunity to increase our equity stake to 100%,” commented Dr. Ingo Stuckmann, CEO and director of Wind Works. “With this project, we have the opportunity to create an investment value of over $30 million.

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For Immediate Release

Chicago, IL – October 28, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BP plc (BP), ExxonMobil (XOM), Chevron (CVX), U.S. Steel Corp. (X) and POSCO (PKX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s AnalystBlog:

BP Tops on Better Cost Control

BP plc (BP) reported its third quarter 2009 results of $1.71 per ADS (American Depositary Share), beating the Zacks Consensus Estimate of $1.14 on the back of stronger cost controls and increased upstream volumes. However, in comparison with the year-earlier results, earnings fell approximately

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Labor unrest at Ford’s (F) auto supplier plant in India has prompted the company to shut down its Oakville, Ontario, plant for the week, which employs 3,000 workers in two shifts. The closure would cost Ford 5,000 vehicles. The idled employees would get 65% of regular pay from a combination of funding from the company and employment insurance.  The strike at Rico Auto Industries in the state of Haryana in India turned violent after an employee died recently during a protest. It has triggered a shortage of transmission parts to the Canadian plant. The plant produces Edge SUV, the Flex and Lincoln MKT seven-passenger vehicle and the Lincoln MKX.  Last week, labor trouble had erupted at some of Ford’s plants when some members of United Auto Workers (UAW) declined to ratify the modifications to its 2007 labor contract. The modifications include banning strikes over wages or ...

According to the data released by the World Steel Association (WSA), global steel output increased to 107 million tons in the month of Sep 2009, down marginally (0.6%) from the same month of the previous year. Month-on-month, steel output improved slightly from 106.5 million tons. World crude steel production has continued to show a steady increase since Apr 2009.  Steel production had reached its highest level in July this year on the back of a moderate rise in demand and the resumption of idled facilities by producers. Total output of 103.9 million tons was an improvement of 4% from 99.8 million tons produced in the last month, but down 11.1% year over year.  All major steel producing countries such as China, Japan, Germany, the U.S., Brazil, Turkey, Russia and Ukraine showed peak monthly figures so far this year. Production in the Middle East, where demand was buoyant ...

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Friday October 23, 2009

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries.

Shaw Communications Inc. (NYSE: SJR) announced today that it has been granted approval by the CRTC to acquire Mountain Cablevision Limited in Hamilton, Ontario making Shaw the largest cable company in Canada.

The Board of Directors of The Finish Line, Inc., (Nasdaq:

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Tuesday October 20, 2009

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BAC, PSFT, PWRM, SO, CSRH, NYX, CVAT, ATVI, AQNM

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BAC, Bank of America Corporation

BAC is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

BAC today announced a strategic alliance with Avjet Corporation, a leading aviation services provider based in Southern California, providing preferred financing terms for clients who finance their aircraft through BAC and take advantage of the business aircraft management services of Avjet.

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PSFT, Powersafe Technology Corp., PSFT.PK

POWERSAFE

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Tuesday October 20, 2009

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CSRH, Consorteum Holdings Inc, CSRH.OB

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Consorteum Holdings Inc. Targets $80 Billion Market Opportunity: Launches New Initiative to Make Check Cashing Easy and Convenient

Consorteum Holdings, Inc. (OTCBB: CSRH) will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe and Internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. aims to increase revenues in existing markets, enter new markets, and deliver unique products and services more effectively and efficiently. Consorteum Holdings Inc. has built its reputation with one goal, “For our customers to look at us

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Tuesday October 20, 2009

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Consorteum Holdings, Inc. (OTCBB: CSRH) has launched its mobile check cashing program. The introduction of this service will offer those that are currently using check cashing facilities a much more convenient way to cash their payroll checks. After two years of development with its partners, Consorteum has now proceeded to the pilot phase of its check cashing program in the Toronto, Ontario region. The first stage of the pilot implementation will be the deployment of this new service on

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Tuesday October 20, 2009

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AAPL, PSFT, PWRM, UTX, CSRH, DD, CVAT, BLK, AQNM

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AAPL, Apple Inc.

AAPL and its wholly owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices, and sell various related software, services, peripherals, and networking solutions.

AAPL beats Wall Street’s expectations with a fiscal Q4 report on Oct. 19 that showed profits surged 47% and revenues climbed 25% on lofty Mac computer sales.

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PSFT, Powersafe Technology Corp., PSFT.PK

POWERSAFE TECHNOLOGY’s Subsidiary Amplification Technologies has just patented a revolutionary solution for low-level signal detection: multichannel Discrete Amplification (DA).

DA photodetectors could function in both

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