“The drop in April permits is therefore alarming. The data are consistent with the renewed drop in homebuilders’ sentiment in recent months, and we expect the fall in permits to be reflected in starts in due course.”

Stocks moved higher early Wednesday as traders tried to use positive data on housing and manufacturing to help them overcome two days of erratic action this week. via KMTR Eugene

Original post by KMTR Eugene

Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Citigroup Inc., up $1.98 at $54.77. Billionaire hedge fund manager Edward S. … via Hugh Hewitt

Original post by Hugh Hewitt

“A stronger dollar, favourable European rates, the high level of maple bond issuance and foreign takeovers all contributed to the robust investment in foreign securities in March”

The Canadian love-affair with global investment deepened in March, as investors snapped up foreign securities and a record number of foreign bonds, Statistics Canada said Wednesday. via The Globe and Mail

Original post by The Globe and Mail

Posted on May 16th, 2007 with stocks: LTD Limited Brands, owner of Victoria’s Secret and Bath and Body Works, announced Tuesday it will sell 67% of its Express unit and put its namesake women’s clothing chain … via The Retail Stock Blog

Original post by The Retail Stock Blog

Roger Nusbaum submits: If you have read my writing for awhile you know I follow Iceland and New Zealand very closely. via Seeking Alpha

Original post by Seeking Alpha