This could hurt blackberry and Iphone subscribers...

AT&T shifts away from unlimited data plans. AT&T (T) announced yesterday that it will no longer sell unlimited internet data plans to new customers with smartphones and iPads (AAPL), opting instead for usage-based pricing that charges heavy bandwidth users more. Analysts said the move will bring some much-needed common sense to the wireless industry, and likely marks the beginning of the end for unlimited data plans.

VMware (VMW)...

Looks like a twin of CRM...

Salesforce.com (CRM)...

Pretty nice looking chart here.....

Market closes slightly higher...

Market recap: Stocks bounced around and finally ended in marginally positive territory in cautious trading ahead of tomorrow's jobs report. The major averages were boosted by a continued rebound in the tech and energy sectors, and NYSE advancers outnumbered decliners by about three to two.

At the close:

Dow +5.74
Nas +21.96
S&P +4.45

BP making progress....

BP (BP) says it achieves an "important milestone" on shearing a pipe from the blown-out Gulf well and that it could take 12-24 hours to determine success in capping the wellhead.

Bad news for drillers...

MMS stops issuing permits for new oil and gas drilling in the Gulf of Mexico regardless of water depth, effectively extending the earlier suspension of permits for deepwater drilling into shallow waters.

I need to get in the Govt. Contacting business...

Apart from Boeing's (BA) $1.7B contract to work on the FAA's GPS-based "NextGen" air traffic control system, another $2.5B is yet to be awarded on two more contracts. The program has a $7B ceiling - largest ever for the FAA - and General Dynamics (GD) and ITT (ITT) won contracts last week as well.

Mortgage Rates still low....

Mortgage rates were little changed from last week, Freddie Mac reports, with 30-year fixed-rate loans sitting at 4.79% with 0.8 points, vs. a year-ago 5.29%.

Bad news for commodities...

CEOs of Freeport-McMoran (FCX -2.4%) and Codelco say China’s plans to curb its economy threaten to reduce copper demand, further lowering commodities prices that have already slumped on Europe's economic concerns. China is a "risk to the world’s marketplace in the near term," FCX's Adkerson says, but its inflation fight "will likely lead to a more sustainable situation going forward."

Fed almost ready to start raising rates...

The U.S. economy is almost strong enough to allow the Fed to begin raising interest rates, but we're not quite there yet, Atlanta Fed President Dennis Lockhart says. "As the economy continues to improve and financial markets find firmer ground, extraordinarily low policy rates will not be needed to promote recovery and will become inconsistent with maintaining price stability."

Might be a good time to lock in a mortgage or car loan.

Kindle to go on sale at Target this Sunday...

Starting Sunday, feel free to pick up a Kindle (AMZN) at your local Target (TGT). Until now, the e-reader was only available through Amazon's website but the company is looking to get an edge on competition from the iPad (AAPL), Nook (BKS), Sony Reader (SNE),

Market rallies to close higher...

The stock market rebounded today after a jump in pending home sales raised optimism about the economy.

The gains Wednesday allowed stocks to recover the losses from the day before, when the government announced investigations into the Gulf oil spill. A rebound in energy stocks led the way.

The National Association of Realtors' index of contracts for home purchases rose 6 percent in April as buyers raced to secure a tax credit.

The Dow Jones industrials rose 226 points to 10,250, the third biggest gain of 2010. The Standard & Poor's 500 index is up 28 at 1,098. The Nasdaq composite index is up 59 at 2,281.

Five stocks rose for every one that fell on New York Stock Exchange. Volume totaled 1.4 billion shares, in line with Tuesday.

Noon Update....

Nice rally so far this mornin, however, we re just making back what was taken away in the last 30 minutes on Tuesday....Commodities and Tech leads the way.

Dow +99.69
Nas +30.03
S&P +13.42

Goldman thinks Monsanto is washed out...

Goldman Sachs upgrades Monsanto (MON) to Conviction Buy from Neutral. Monsanto has been the second-worst performing stock in the S&P 500 this year, but "bad news is exhausted" and investor sentiment is bottoming.

Wednesday's Economic Calendar...

May Auto sales
7:00 MBA Mortgage Applications
7:30 Challenger Job-Cut Report
7:45 ICSC Retail Store Sales
8:30 Hearing: Credit Ratings Credibility
8:55 Redbook Chain Store Sales
10:00 Pending Home Sales

Obama targets RIG...

Transocean Ltd. (RIG). Obama administration on Tuesday sought to challenge the company’s bid to limit its liability for its role in the gushing oil well it drilled in the Gulf of Mexico for BP Plc (BP).

Monsanto and Dow reach license agreement...

Monsanto Co. (MON). The company and Dow Chemicals’ (DOW) Dow agrosciences on Wednesday reached a new licensing agreement on Roundup ready 2 Yield soybean technology. Under the agreement Monsanto grants Dow AgroSciences a non-exclusive, royalty-bearing license in U.S. to develop, produce, sell and sublicense seed and germplasm with Roundup Ready 2 Yield technology.

Jos.A Bank reports impressive earnings...

JoS A Bank Clothiers Inc. (JOSB). The men's apparel and accessories retailer on Wednesday reported an increase in its first-quarter earnings and sales. The company reported earnings of 85 cents a share, an increase of 37 percent from 62 cents a share, from a year ago period. The company’s total sales for the quarter increased 10 percent to $178.1 million.

Google sets sights on Microsoft Windows..

Google Inc. (GOOG). The web search group expects to release its Chrome computer operating system in the "late fall", a top executive said on Wednesday, as it aims a competitive strike at rival Microsoft's (MSFT) Windows. The Chrome system will designed initially to work on laptop PCs.

BP tries to reassure investors...

BP Plc (BP). The oil major forged ahead with its latest effort to curb the flow of oil spewing into the Gulf of Mexico on Wednesday. And also the company will seek to patch up its battered share price by reassuring investors the cost of cleaning up the oil spill in the Gulf of Mexico is manageable and will not affect dividends.