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► CombinatoRx pain drug wins FDA approval--(AP) The Food and Drug Administration approved the sale of CombinatoRx Inc.'s extended-release pain drug Exalgo, the company said Tuesday. Exalgo is intended to treat moderate to severe pain in patients who require treatment with opioid painkillers for an extended period of time. CombinatoRx developed the drug, and Covidien PLC is responsible for marketing, sales, and regulatory filings after approval. More...

► Board of Directors of Emerson Radio Corp. Declares Extraordinary Cash Dividend of $1.10 per Common Share: (Marketwire) - Emerson Radio Corp. today reported that its Board of Directors this morning declared an extraordinary cash dividend of $1.10 per common share payable on March 24, 2010 to shareholders of record of the Company at the close of trading on March 15, 2010. More...

►Sequenom shares rise on analyst upgrade: (AP) -- Shares of Sequenom Inc. jumped Tuesday as a Cantor Fitzgerald analyst boosted her rating on the company, citing settlement of a recent lawsuit and progress in the diagnostic test maker's pipeline of products. The stock surged in afternoon trading. Shares have traded between $2.55 and $16.80 over the last 52 weeks More...

►Haverty Furniture betters bottom line:--(Atlanta Business Chronicle) Haverty Furniture Companies Inc. reduced its annual loss, helped by a fourth-quarter profit. The Atlanta-based furniture retailer posted a net loss of $4.2 million and a loss per share of 20 cents, compared with a net loss of $12.1 million and a loss per share of 57 cents in 2008. Annual sales fell 14.9 percent to $588.3 million. More...

►Hercules Offshore Q4 loss narrower than expected.: (Reuters) - Drilling contractor Hercules Offshore Inc reported a narrower-than-expected quarterly loss, helped by lower expenses, which offset disappointing day rates at its domestic segments. The recent strengthening commodity prices, reduced oilfield service costs, improvement in capital markets and feedback from customers indicate that there will be an increase in exploration and production spending both in the U.S. and internationally, Chief Executive John Rynd said. More...

--News That's Moving The Market --

►Ford sales jump; outsells GM on strong car demand: ( AP) -- Ford Motor Co. outsold General Motors Co. in February for the first time in more than a decade. Ford sold 334 more cars than GM in the U.S. It was the first time since August 1998 that Ford outsold GM. Ford's said Tuesday its sales jumped 43 percent thanks to strong demand for its cars. More...

►Market Will Keep Rallying in 2010, Says FTN Midwest's Tony Dwyer: (Tech Ticker) What’s a retail investor to do? This year’s whip saw action has many confused. Still feeling lousy about the economy and our future prospects, the retail investor, judging by fund flows, remains skeptical about putting money to work in this bull market, says Tom Eggers, COO of Minyanville and former Dreyfus CEO. More...

►Greek PM says more painful spending cuts needed: (AP) -- Greeks must prepare for more painful spending cuts to deal with an unprecedented financial crisis, Prime Minister George Papandreou warned Tuesday, saying their sacrifices are essential in a fight for the nation's survival. Pressed hard by markets and the European Union, Papandreou's government plans is to announce further spending cuts on Wednesday that are likely to include tax hikes and deeper cuts in civil servants' pay. More...

►Buiter Says Don’t Buy Treasuries as Fed May Raise Interest Rate: (Bloomberg) -- Investors should shun U.S. government bonds because the Federal Reserve and other central banks may increase interest rates as soon as next year, former Bank of England policy maker Willem Buiter said. More...

►AIG Credit-Default Swaps Drop to Lowest Since Before Bailout : (Bloomberg) -- The cost to protect against a default by American International Group Inc. declined to the lowest since before the company’s government bailout after a $35.5 billion sale of an Asian insurance unit bolstered creditor optimism. More...

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