Asian stocks closed on a mostly weaker note Thursday, with shares in South Korea among the leading decliners after its central bank raised lending rates, noting the highest inflation in a decade remains at the forefront of its concerns even though economic growth is decelerating.
NEW YORK (AP) — American International Group Inc. posted its third straight quarterly loss, a rude awakening to investors hoping that troubles in the insurer’s mortgage market investments were starting to level off. Shares of AIG fell nearly 8 percent in after-hours trading.
The top business news from The Associated Press for the morning of Thursday, August 7, 2008: AIG’s huge 2Q loss shows credit market woes linger NEW YORK (AP) - American International Group Inc. posted its third straight quarterly loss, a rude awakening to investors hoping that troubles in the insurer’s mortgage market investments were starting to level off. Shares of AIG fell nearly 8 …
Insurer American International Group reports a quarterly loss of $5.36bn and sees its shares 18%.
American International Group Inc. posted its third straight quarterly loss, a rude awakening to investors hoping that troubles in the insurer’s mortgage market investments were starting to level off. Shares of AIG fell nearly 8 percent in after-hours trading. The world’s largest insurer suffered a deficit of $5.36 billion in the second quarter after losing $5.56 billion, or $3.62 billion …
Aug. 7 (Bloomberg) — Cia. Vale do Rio Doce , the world’s biggest iron-ore producer, will probably rise in trading today after the company said second-quarter profit increased 22 percent to a record, beating analysts’ forecasts.
THE Australian share market was up slightly at noon, but was weighed down by the banking sector in what traders called a “wishy-washy” morning.
Shares tumble after the company’s third straight quarterly deficit as it struggles under the weight of crumbling credit markets.
American International Group Inc. posted its third straight quarterly loss, a rude awakening to investors hoping that troubles in the insurer’s mortgage market investments were starting to level off. Shares of AIG fell nearly 8 percent in after-hours trading….
Shares of VeriSign Inc. fall in evening trade after the company said its quarterly net loss widened, while Hot Topic Inc. shares rise slightly in light volume after the clothing retailer narrowed its quarterly loss forecast.
Shares of the Austin-based natural foods grocer plummeted in after-hours trading after the company said it was drastically lowering its outlook, suspending its quarterly dividend indefinitely and annouced cost cuts such as opening fewer stores next year.
Shares of the Austin-based natural foods grocer plummeted in after-hours trading after the company said it was drastically lowering its outlook, suspending its quarterly dividend indefinitely and annouced cost cuts such as opening fewer stores next year.
Shares of Cisco rise after the high-tech giant reports sales growth that slightly exceeds Wall Street projections, despite a slowing economy.
Synchronoss Technologies Inc. reported that its second-quarter earnings were cut in half due to a loss of revenue from its deal with AT&T Inc. to help support the Apple Inc. iPhone. Shares in Synchronoss fell $1.35, or 11 percent, to $11 in after-hours trading after rising 18 cents, or 1.5 percent, to $12.35 in regular session dealings Tuesday. Synchronoss, which provides on-demand transaction …
Internap Network Services Corp., which manages data centers and routes Internet traffic, on Tuesday reduced its full-year revenue guidance mostly below Wall Street’s estimates. Internap shares tumbled in after-hours trading, shedding $1.08, or 24.7 percent,…
Internap Network Services Corp., which manages data centers and routes Internet traffic, on Tuesday reduced its full-year revenue guidance mostly below Wall Street’s estimates. Internap shares tumbled in after-hours trading, shedding $1.08, or 24.7 percent, to $3.30. They ended the regular session down 12 cents, or 2.7 percent, at $4.38. The company said it now expects revenue growth of between …
Internap Network Services Corp., which manages data centers and routes Internet traffic, said Tuesday that its second-quarter loss widened on increased operating expenses. Its stock dropped sharply in after-hours trading.
Priceline.com Inc. said Tuesday that second-quarter earnings surged 56 percent, however the online travel company noted some weakness in its international bookings and rental car business and shares dropped in after-hours trading. Shares plunged $22.20, or…
NEW YORK - Priceline.com Inc. said Tuesday that second-quarter earnings surged 56 percent, however the online travel company noted some weakness in its international bookings and rental car business and shares dropped in after-hours trading.
Tue, Aug 5, 2008 (3:21 p.m.) Priceline.com Inc. said Tuesday that second-quarter earnings surged 56 percent, however the online travel company noted some weakness in its international bookings and rental car business and shares dropped in after-hours trading.
Priceline.com Inc. said Tuesday that second-quarter earnings surged 56 percent, however the online travel company noted some weakness in its international bookings and rental car business and shares dropped in after-hours trading. Shares plunged $22.20, or 18.9 percent, to $95, in aftermarket electronic trading, after gaining $5.48, or 4.9 percent, to close at $117.20 in the regular session. The …
Whole Foods Market Inc. said Tuesday that a tough economy pinched shoppers and pushed its net income down more than 30 percent for the third quarter. Shares of the Austin, Texas-based natural foods grocer plummeted in after-hours trading after the company…
Cisco Systems Inc. shares rise in late trade after the networking equipment provider’s quarterly results came in above Wall Street’s outlook. Meanwhile, shares of Priceline.com and Whole Foods Market Inc. suffer double-digit losses following the companies’ financial updates.
Cisco Systems Inc., Priceline.com Inc. and Whole Foods Market Inc. will be among the financial results that late-traders will scrutinize upon their release Tuesday evening.
Cisco Systems is slated to report its Q4 results after the bell tonight, see how this company’s earnings are expected to post and how it’s stock has performed in the past from such announcements.
Small-cap stocks are expected to open higher, boosted by another sharp pullback in crude oil prices overnight and by an extension of the commodities market rout that took place Monday.
Aug. 5 (Bloomberg) — U.S. stock-index futures gained, indicating the Standard & Poor’s 500 Index may rebound from three days of losses, as investors speculated second-quarter earnings will continue to beat estimates and oil dropped to $118 a barrel.
INDIANAPOLIS Trucking company Celadon Group said quarterly earnings fell 70.4 percent, but the results beat Wall Street’s estimates. For the fourth fiscal quarter ending June 30, Celadon posted net income of $2.16 million, or 10 cents a share, compared with $5.14 million, or 22 cents a share, a year ago. Analysts were expecting earnings of 6 cents a share on revenue of $144.9 million. Revenue …
Oil and natural gas producer Anadarko Petroleum Corp. said Monday its second-quarter earnings fell dramatically from a year ago because of non-cash hedging losses related to derivatives.
When the financial markets open on Monday, shares of PAETEC Holding Corporation stock will start at nearly half of what they were worth this week.
Rackable Systems Inc. said Monday its second quarter earnings loss narrowed but it missed analyst estimates as revenue fell nearly 8 percent.
Head of newly merged Sirius XM puts his money where his mouth is, buying $2.7M of stock.
Sykes Enterprises Inc., which provides outsourced customer service, said Monday that its second-quarter profit more than doubled on strong demand and reduced expenses.
Shares of United Airlines’ parent UAL Corp. fall after the air carrier reports a drop in monthly traffic, while late-traded tech stocks tick up following broader losses during the regular session.
Insurer Principal Financial Group and Midway Games Inc. are among the companies scheduled to deliver quarterly results during the late-trading session on Monday evening.
Thousands of newly-married couples could fail to receive their wedding presents after a gift service failed to save itself from going into administration.
Aug. 4 (Bloomberg) — Gold gained in Asia today as gains in crude oil boosted demand for the precious metal as hedge against inflation. Bullion tends to rise in tandem with oil as demand for an inflation hedge increases.
Yahoo’s board was resoundingly re-elected on Friday after being berated by shareholders.
Stock of the Week
The Orange County Great Park came alive tonight with good time rock and roll and surf ballads sung by the popular 70s Orange County rock band HONK. More than 2,000 people got into the groove with HONK at the first ever Night Flight Saturday evening concert.
SINGAPORE (AP) — Oil prices extended losses from a day earlier Friday in Asia on expectations that slowing economic growth in developed countries will cut demand for crude products, such as gasoline and heating oil.
Microsoft, Priceline, Cisco shares among most active
KARACHI: Pakistan stocks plunged 3.89% yesterday amid constant foreign selling attributed to US allegations that the country’s military was supporting Islamic militancy in neighbouring Afghanistan, traders said.
Colorado Springs-based semiconductor company Simtek Corp. agreed Friday to a $46 million buyout by San Jose, Calif.-based chip giant Cypress Semiconductor Corp. It’s about $10 million more than an April offer from Cypress, which Simtek rejected.
Shares of Cambridge, Mass.-based Biogen Idec Inc. and Elan Corp. PLC plunged after-hours Thursday after the companies reported two new cases of a brain disease in patients treated with their multiple sclerosis drug Tysabri.
Yahoo’s annual shareholder meeting is just a few hours old, and already Microsoft is having its say about Chairman Roy Bostock’s portrayal of its buyout bid melodrama. In comments to Yahoo shareholders, Bostock said the board never “resisted” Microsoft’s offer and claimed once again that the software giant was never actually fully engaged in …
As a result of a tough economy and its own rapid growth, Starbucks on Tuesday cut 1,000 more jobs, closed 61 Australian stores and sent a top executive packing, The Seattle Times reports.
SAN FRANCISCO (MarketWatch) — Shares of Priceline.com Inc., Microsoft Corp. and Cisco Systems Inc. were among the most heavily traded during a quiet Friday evening trading session.
Yahoo executives on Friday were berated by shareholders upset by their handling of failed takeover talks with Microsoft and exposing of Internet dissidents to Chinese officials.
Shares of Biogen Idec Inc. and Elan Corp. PLC plunged after-hours Thursday after the companies reported two new cases of a brain disease in patients treated with their multiple sclerosis drug Tysabri.
