Momentum Stocks : Southwest Airlines (NYSE:LUV), Dyax Corp. (NASDAQ:DYAX), Fossil Group (NASDAQ:FOSL), YY Inc. (NASDAQ:YY), Sony Corp (ADR) (NYSE:SNE)

Southwest Airlines Co. (NYSE:LUV) Chief Executive Officer Gary Kelly said, “I don’t see the need to do anything differently.” While Southwest doesn’t fly beyond the Caribbean and Mexico, it could pick up international passengers who fly into several U.S. gateways for flights across the country. Southwest Airlines Co. (NYSE:LUV) belongs to Services sector. Its net profit margin is 6.00% and weekly performance is -4.56%. On … Continue reading Momentum Stocks : Southwest Airlines (NYSE:LUV), Dyax Corp. (NASDAQ:DYAX), Fossil Group (NASDAQ:FOSL), YY Inc. (NASDAQ:YY), Sony Corp (ADR) (NYSE:SNE)

Market Movers : Breitburn Energy Partners L.P. (NASDAQ:BBEP), Petroleo Brasileiro Petrobras (NYSE:PBR), Ciena Corporation (NYSE:CIEN), Ignyta, Inc. (NASDAQ:RXDX), Apple Inc. (NASDAQ:AAPL)

BreitBurn Energy Partners L.P. (NASDAQ:BBEP) announced today the pricing of its public offering of 14,000,000 common units representing limited partner interests in Breitburn (Common Units) at a price to the public of $18.64 per Common Unit. Breitburn has granted to the underwriters a 30-day option to purchase up to an additional 2,100,000 Common Units to cover over-allotments. The Common Units offering is expected to close … Continue reading Market Movers : Breitburn Energy Partners L.P. (NASDAQ:BBEP), Petroleo Brasileiro Petrobras (NYSE:PBR), Ciena Corporation (NYSE:CIEN), Ignyta, Inc. (NASDAQ:RXDX), Apple Inc. (NASDAQ:AAPL)

PBOC Announces Elimination of the Original Lending Rate Floor

The People’s Bank of China (PBOC) announced the elimination of the original lending rate floor of 30% discount to benchmark, allowing banks to lend at any discount to benchmark lending rates as they see fit. The PBOC scrapped the cap on lending rates in 2004, and this move will fully liberalize lending rates for banks. Greater pricing flexibility will enable the banks to retain their … Continue reading PBOC Announces Elimination of the Original Lending Rate Floor