SBWire

Echo Automotive, Inc. (OTC:ECAU), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug-in hybrids, is very pleased to announce the completion of a private placement offering of one million shares to provide working capital for the Company.

Orbitz Worldwide, Inc. (NYSE:OWW) and American Airlines, a wholly owned subsidiary of AMR Corporation announced that they have reached an agreement to resolve all litigation between them. The settlement requires review and approval by the court presiding over AMR Corporation`s restructuring. At this time, neither company will have further comment.

The Hartford Financial Services Group, Inc. (NYSE: HIG) had its target price upped by Barclays Capital from $22.00 to $25.00 in a report released.

The board of directors of KB Home (NYSE:KBH) has declared a quarterly cash dividend of $.025 per share on the Company's common stock, payable on May 16, 2013 to stockholders of record on May 2, 2013.

Federal National Mortgage Association (OTC:FNMA) releases February 2013 monthly summary. Fannie Mae’s Book of Business decreased at a compound annualized rate of 1.7 percent in February. Fannie Mae’s Gross Mortgage Portfolio declined at a compound annualized rate of 27.2 percent in February.

Freddie Mac (OTC:FMCC) released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates dipping for the week amid recent data which indicates the manufacturing industry is slowing. The average 30-year fixed-rate mortgage has seesawed around 3.5 percent for the past two months, providing ongoing help to the housing recovery.

Echo Automotive, Inc. (OTC:ECAU), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug-in hybrids, is very pleased to announce the completion of a private placement offering of one million shares to provide working capital for the Company.

Orbitz Worldwide, Inc. (NYSE:OWW) and American Airlines, a wholly owned subsidiary of AMR Corporation announced that they have reached an agreement to resolve all litigation between them. The settlement requires review and approval by the court presiding over AMR Corporation`s restructuring. At this time, neither company will have further comment.

The Hartford Financial Services Group, Inc. (NYSE: HIG) had its target price upped by Barclays Capital from $22.00 to $25.00 in a report released.

The board of directors of KB Home (NYSE:KBH) has declared a quarterly cash dividend of $.025 per share on the Company's common stock, payable on May 16, 2013 to stockholders of record on May 2, 2013.

Federal National Mortgage Association (OTC:FNMA) releases February 2013 monthly summary. Fannie Mae’s Book of Business decreased at a compound annualized rate of 1.7 percent in February. Fannie Mae’s Gross Mortgage Portfolio declined at a compound annualized rate of 27.2 percent in February.

Freddie Mac (OTC:FMCC) released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates dipping for the week amid recent data which indicates the manufacturing industry is slowing. The average 30-year fixed-rate mortgage has seesawed around 3.5 percent for the past two months, providing ongoing help to the housing recovery.

Echo Automotive, Inc. (OTC:ECAU), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug-in hybrids, is very pleased to announce the completion of a private placement offering of one million shares to provide working capital for the Company.

Orbitz Worldwide, Inc. (NYSE:OWW) and American Airlines, a wholly owned subsidiary of AMR Corporation announced that they have reached an agreement to resolve all litigation between them. The settlement requires review and approval by the court presiding over AMR Corporation`s restructuring. At this time, neither company will have further comment.

The Hartford Financial Services Group, Inc. (NYSE: HIG) had its target price upped by Barclays Capital from $22.00 to $25.00 in a report released.

The board of directors of KB Home (NYSE:KBH) has declared a quarterly cash dividend of $.025 per share on the Company's common stock, payable on May 16, 2013 to stockholders of record on May 2, 2013.

Foy Johnston Inc. (Pink:FOYJ) shot up in the current trading session and is currently trading at $0.0005, up 66.67 percent to its previous close. Its bullish trend is further confirmed as the stock made the upward movement with higher than usual volume of 256 million share. Its regular daily trading volume stands at 53.02 million shares.

Federal National Mortgage Association (OTC:FNMA) shows neutral trend as the stock made a sharp downward movement in its latest trading session. It opened the session at $0.87 and remained in $0.81 and $0.89 price range during the session. The stock is 2.91 percent lower at $0.87. Federal National Mortgage’s first support level is at $0.85. Upon breaching this level, the stock may go as low as $0.83. On the upside, its first resistance level is at $0.91. The stock has traded 8.787 million shares so far, in comparison to its regular trading volume of 17.697 million shares.

Federal Home Loan Mortgage Corporation (OTC:FMCC) is down sharply in its trading today. Federal Home Loan Mortgage is currently down 2.56 percent to $0.84 on volume of 3.735 million, in comparison to its daily average volume of 7.125 million. Federal Home Loan Mortgage has gained more than 190 percent in the last 52 weeks. It has traded in the range of $0.14 and $1.44 during the same time period while it oscillated between $0.78 and $0.85 in the current trading session.

Octagon 88 Resources Inc. (OTC:OCTX) is trading in the range of $7.15 and $7.65 during its latest trading session, creating its new 52 weeks high. The stock recorded the volume of 300k shares, significantly higher than its average daily trading volume of 62k shares. Its upward movement accompanied by high volume shows bullish trend, which is further confirmed by its MACD and EMA charts.

Best Buy Co. Inc. (NYSE:BBY) opened at $21.72 and oscillated in the range of $21.71 and $24.57 in the latest trading session, which is also its 52 weeks high price point. It is at $24.41, up 12.73 percent from its previous close of $21.65. Best Buy shows bullish trend and the stock’s first resistance level is at $24.65. Upon breaching this level, the stock may touch $24.80.

iShares MSCI Japan Index (NYSE:EWJ) traded in the range of $10.85 and $10.92 during its latest trading session. The fund had opened at $10.86 and is at $10.87, up 3.82 percent from its previous close of $10.47. iShares MSCI Japan recorded the volume of 27.964 million units. Its average daily trading volume stands at 33.184 million units.

Merck & Co. Inc. (NYSE:MRK) traded in the range of $45.01 and $45.88 during its latest trading session. The stock had opened at $45.35 and is currently at $45.10, down 0.56 percent from its previous close of $45.36. Merck & Co recorded the volume of 6.844 million shares, in comparison to its average daily trading volume of 16.529 million shares, thus showing netural trend.

Radian Group Inc. (NYSE:RDN) traded in the range of $9.75 and $10.15 during its latest trading session. The stock had opened at $9.90 and is at $10.03, up 1.87 percent from its previous close of $9.85, with average shares volume. Radian Group has traded 5.2 million shares so far and its MACD chart shows bullish trend. The stock may go as high as $10.35 level in the coming trading sessions. Its first support level is at $9.95.

Foy Johnston Inc. (Pink:FOYJ) shot up in the current trading session and is currently trading at $0.0005, up 66.67 percent to its previous close. Its bullish trend is further confirmed as the stock made the upward movement with higher than usual volume of 256 million share. Its regular daily trading volume stands at 53.02 million shares.