[R]4:00PM NY; 9:00PM Frankfurt; 1:30AM Mumbai - GLOBAL MARKETS[/R]

Market averages struggled in trading in New York after three-days of gains, sub-prime lending and a steep rise in oil and gasoline prices. European and Asian markets climbed day after the Fed in the U.S. left the target rate for the fed funds unchanged to 5.25%. Germany led the gainers in Europe and India and Philippines led Asia. The markets in Latin America declined but Canada finished flat. Crude oil in New York trading rose on weekly inventory report showing a decline in gasoline inventory for the sixth week in a row.

Yield on 10-year bond closed at 4.590% and the 30-year bond closed at 4.782%.

Gold gained $4.200 to close at $664.200 a troy ounce, silver increased 16 cents to end at $13.480 a troy ounce and copper declined $41.000 to close at $6655.000 per metric ton.

Oil gained $2.080 to close at $61.690 a barrel and heating oil advanced 5.340 cents to finish at 171.800 cents a gallon. Natural gas increased 16 cents to close at $7.320 per MMBtu. Gasoline went up 2.260 cents to end at 195.750 cents a gallon.

Asian markets closed higher with Japan''s Nikkei average climbed as export-related shares gained after the yen weakened against the dollar. The advancers were led by Philippines with a gain of 2.84%, India with an increase of 2.80% and Singapore with an advance of 2.02%. There were no decliners. Australia advanced 1.52%.

European markets finished sharply higher with companies like construction group Saint Gobain and insurer Munich Re. gaining after a statement from the U.S. Federal Reserve opened up the possibility of interest rate cuts. The advancers were led by Germany with an increase of 2.16%, Italy with a gain of 2.03% and Belgium with an advance of 2.01%. There were no decliners.

Latin America markets finished lower. The decliners were Brazil with a decrease of 0.57% and Argentina with a decline of 0.31%. The only advancer was Mexico with an increase of 0.13%. Canada finished almost flat with a decline of 0.01% on gaining oil prices.

[R]2:30PM NY, U.S. Market Movers[/R]

Adams Respiratory Therapeutics Inc. (ARXT: chart), drug developer, shares jumped 15.4% following news the company settled a patent lawsuit with Mutual Pharmaceutical Co. and United Research Laboratories Inc.

Alon USA Energy (ALJ: chart) shares jumped 7.2% as a Credit Suisse analyst raised his rating to ""Buy"" following the oil refiner''s bullish outlook issued earlier this week. The company outlined plans to increase the capacity utilization of its California refineries by 20,000 barrels per day to 90,000 barrels daily. The company also expects to upgrade recently acquired facilities. Those projects should add $300 million per year in earnings before interest, taxes, depreciation and amortization.

FortuNet Inc. (FNET: chart) reported higher fourth-quarter earnings that were also better than analysts'' average estimate. The maker of gaming platforms said quarterly earnings rose 57% to 11 cents a share, compared with $541,418, or 7 cents a share, in the year-ago period. Revenue climbed to $4.41 million versus $3.7 million in the same period a year earlier. Shares of the company jumped 15%.

Glu Mobile''s (GLUU: chart), which publishes games for mobile phones, shares rose 11% in its market debut. Glu Mobile also narrowed losses to $12.4 million in 2006 from $18 million in 2005, while revenue rose to $46.2 million in 2006 from $25.7 million in 2005, according to documents filed with the U.S. Securities and Exchange Commission.

IHS Inc. (IHS: chart), which supplies technical information to energy and engineering companies, shares climbed 10.1% as investors cheered the company''s fiscal first-quarter results. The company said that its first-quarter net income increased to $18.4 million, or 32 cents per share, compared with $13.5 million, or 24 cents per share, in the year-ago period. Revenue climbed to $152.6 million versus $129.9 million in the same period a year earlier.

RCM Technologies Inc. (RCMT: chart) shares soared 10.1% after the business technology company reported that profits more than doubled in the last quarter of 2006, partially thanks to expanded work contracts. Net income increased to $2.3 million, 19 cents per share, compared with $818,500, or 7 cents per share for the same period last year. Revenue climbed to $54.2 million versus $46.8 million a year ago.

Tweeter Home Entertainment Group Inc. (TWTR: chart) said it will cut about 650 jobs, or 20% of its work force, as it closes 49 stores and two regional facilities in a bid to improve results amid heated competition in electronics retailing. The home electronics retailer, which has struggled as prices for flat-panel TVs have declined and demand for projection TVs has fallen, said it expects charges of about $50 million to $60 million tied to the closures. Shares of the company climbed 28.4%.

Avalon Pharmaceuticals (AVRX: chart) said that it posted a wider fourth-quarter loss as research and development costs increased. The company lost $4.4 million, or 43 cents per share, compared with a loss of $3 million, or 37 cents per share, during the same period a year prior. Revenue fell to $653,000 from $796,000 in the same period a year earlier. Shares fell 6.4%.

Clarcor Inc. (CLC: chart) shares fell 9.4% after the filtration products company''s first-quarter results missed Wall Street''s expectation. For the quarter the company earned $16.4 million, or 32 cents per share compared with $16.2 million or 31 cents per share last year. Revenue declined to $209.5 million versus $213.2 million a year ago.

CRA International Inc. (CRAI: chart) shares fell 6.1% after the Boston-based consulting company said that its first-quarter net earnings increased to $7.1 million, or 56 cents per share, compared with $5.6 million, or 47 cents per share, in the same period last year. Revenue rose 14.9% to $83.3 million from $72.5 million a year earlier.

Intuit Inc. (INTU: chart) said its TurboTax federal unit sales through March 17 rose 1% to 10.9 million from 10.8 million a year earlier. The provider of business and financial-management services expects total unit growth of 3% to 5% for the full season. Intuit also affirmed its segment revenue growth forecast of 10% to 15% and its fiscal 2007 outlook. Shares declined after company reported weaker than expected sales of TurboTax at the height of tax season.