Sam Gustin writes: BlackBerry maker Research in Motion offered a better-than-expected holiday earnings forecast, boosting the company’s shares in after-hours trading, while rival Palm reported a whopping $506.2 million loss as revenue plummeted 45 percent, sending its already-battered stock price …
Dec. 18 (Bloomberg) — Research In Motion Ltd. , maker of the BlackBerry smart phone, forecast sales for the current quarter that topped analysts’ estimates, sending the shares higher in after-hours trading.
Investors in Research In Motion must be breathing a sigh of relief after the company reported third quarter results today that were in line with pre-announced results and analyst expectations.
Dec. 18 (Bloomberg) — Research In Motion Ltd. , maker of the BlackBerry, forecast sales for the current quarter that topped analysts’ estimates, sending shares higher in after-hours trading.
Oracle Corp. is expected to post a rise in quarterly results after hours, but the software firm’s forecast will be under scrutiny as investors search for signs of weakness as a result of the economic downturn.
Oracle shares rise nearly 4% after the business software provider issued a brighter forecast than Wall Street had expected, and Research In Motion gains ground after the company issued a strong outlook.
Shoe and apparel company Nike Inc. said Wednesday that, despite weak domestic sales, its profit grew 9 percent in the second quarter on strong sales overseas.
BEAVERTON, Ore. - Shoe and apparel company Nike Inc. said Wednesday that, despite weak U.S. sales, its profit grew nine per cent in the second quarter on strong sales overseas.
Shoe and apparel company Nike Inc. said Wednesday that, despite weak domestic sales, its profit grew 9 percent in the second quarter on strong sales overseas. The Beaverton, Ore.-based company reported its net income rose to $391 million, or 80 cents per…
Gold and silver held only part of yesterday’s after hours post-fed gains in Asia and London before they rose markedly in New York to new highs of $880.85 and $11.57 by about 10:15AM EST and then fell back off a bit in the last few hours of trade, but they still ended with gains of 6.9% and 3.2%.
Earnings news is rolling in after the close tonight, with Take-Two Interactive Software (TTWO: sentiment, chart, options) releasing its fourth-quarter report…( Read More )
Shares of Take-Two Interactive Software Inc. dropped sharply Wednesday evening, with losses ignited by the video-game maker’s weak forecast and quarterly report, and automakers’ shares slipped after Chrysler LLC expanded the time that it will keep its plants idle.
Adobe Systems, best known for its Photoshop and Acrobat software, said Tuesday its fiscal fourth-quarter profit grew 11 percent, at the high end of the guidance it gave this month. The company also reaffirmed its outlook, sending its shares up more than 10 percent in after-hours trading.
(Adds details, byline, updates shares)
MUMBAI, Dec 17 (Reuters) - Indian shares are seen opening higher on Wednesday after Asian shares rose following a sharp cut in U.S. interest rates, with Satyam Computer Services in focus after an aborted attempt to buy two related companies.
Told that Macworld Expo 2009 will be Apple’s last and the first that CEO Steve Jobs will not keynote, investors behaved much as you’d imagine, dragging the company’s shares into the mud in after hours trading.
Adobe Systems Inc., best known for its Photoshop and Acrobat software, said Tuesday its fiscal fourth-quarter profit grew 11 percent, at the high end of the guidance it gave this month. The company also reaffirmed its outlook, sending its shares up more than 10 percent in after-hours trading. “As expected, all the scrutiny we had on expenses had enabled us to be more profitable,” Chief …
(RTTNews) - Gold prices closed modestly higher on Tuesday and then surged in after hours trading on the Federal Reserve’s interest rate cut. Before the decision was announced, February gold closed up $6.20 at $857.50 per ounce. In electronic trading, the metal moved as high as $857.50.
Adobe shares soar after the software maker posts better quarterly earnings than expected, while Apple drops after the company says it won’t appear at the Macworld Expo after next year.
Dec. 16 (Bloomberg) — Crude oil declined in New York on concern that a potential output cut by OPEC would be insufficient to overcome falling demand for fuels amid recessions in the U.S., Japan and Europe.
Titan Machinery Inc. which owns and operates agricultural and construction equipment stores, posted a higher-than-expected quarterly profit, helped by growth across all its segments, and raised its outlook for the current financial year, sending its shares up sharply in after-hours trading Monday.
Your afternoon business wrap.
Memory chip maker Stec Inc. sharply reduced its sales outlook for the fourth quarter late Monday, issued guidance for 2009 below Wall Street estimates and said it will move more of its operations to Malaysia.
Domestic pizza sales are expected to be flat to down 2 percent in 2009, said pizza delivery company Papa John’s International Inc. on Monday.
Smart-phone maker Palm Inc. said on Monday that its new chief financial officer would be Douglas C. Jeffries, previously chief accounting officer at eBay Inc.
Chipmaker Monolithic Power Systems Inc. cut its revenue guidance for the fourth quarter on Monday, citing a “sharp decline in demand.” Its shares fell more than 8 percent after hours.
16 December 2008 By Maria Levina / Special to The Moscow Times MICEX said Monday that it suspended three brokerages — UTrade.ru, Antanta-Capital and Melon — from trading on the exchange for failing to meet obligations on repo deals.
Dec. 15 (Bloomberg) — Gold advanced in Asian trading as the dollar fell to an eight-week low against the euro, boosting the precious metal’s attraction as an alternative investment. Platinum and silver also gained.
Dec. 15 (Bloomberg) — Crude oil fell in New York on signs of falling Chinese fuel demand amid economic contractions in the U.S., Europe and Japan.
Dec. 15 (Bloomberg) — The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
Dec. 15 (Bloomberg) — Asian stocks rose as optimism the U.S. will rescue American automakers countered a slump in Japanese business confidence and slowing Chinese industrial output.
Dec. 15 (Bloomberg) — Crude oil rose in New York on speculation the Bush administration will rescue U.S. automakers and OPEC may make the biggest supply cut in a decade.
Dec. 15 (Bloomberg) — Palm oil futures in Kuala Lumpur climbed after crude oil increased, raising the prospects for biofuels made from vegetable oils.
A host of analysts came bearing bad tidings for retailers today, predicting that their tills would not be ringing during the festive season thanks to the credit crunch. A 42 page note from Morgan Stanley called “Christmiss” summed up the mood. The bank predicted many high street stores would be left with excess stock that they had ordered before the downturn kicked in, with Marks & …
WASHINGTON — Troubledr General Growth Properties Inc., owner of the Woodbridge and Bridgewater Commons malls, trying to stave off a bankruptcy filing, said it is still trying to negotiate an extension on $900 million in debt that is due to be repaid Friday, but warned there can be “no assurance” it will get a reprieve.
Troubled mall owner General Growth Properties Inc., trying to stave off a bankruptcy filing, said it is still trying to negotiate an extension on $900 million in debt that was due to be repaid yesterday, but warned there can be “no assurance” it will get a reprieve.
Soho is a funny old part of town. It’s got secrets. Well, semi-secrets. People know they exist, they just don’t know where to find them. Enter the world of the secret drinking den.
WASHINGTON (AP) _ Troubled mall owner General Growth Properties Incorporated says it’s still trying to negotiate an extension on $900 million in debt.
WASHINGTON #8212; Troubled mall owner General Growth Properties Inc., trying to stave off a bankruptcy filing, said it is still trying to negotiate an extension on $900 million in debt that was due to be repaid Friday, but warned there can be #8220;no assurance #8221; it will get a reprieve.
NEW YORK — Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.
Troubled mall owner General Growth Properties Inc., trying to stave off a bankruptcy filing, said it is still trying to negotiate an extension on $900 million in debt that is due to be repaid Friday, but warned there can be “no assurance” it will get a reprieve. Investors, however, appeared optimistic that a bankruptcy filing would be avoided. Shares rose 36 cents, or 25 percent, to close at …
WASHINGTON — Troubled mall owner General Growth Properties Inc., trying to stave off a bankruptcy filing, said it is still trying to negotiate an extension on $900 million in debt that is due to be repaid Friday, but warned there can be “no assurance” it will get a reprieve.
Substantial growth in sales of its solar cell production equipment led to a much improved revenue and profit picture reported Wednesday by Amtech Systems Inc.
Defense contractor General Dynamics Corp. received a nearly $1 billion contract boost for construction of two more T-AKE dry cargo ammunition ships, and options to buy advanced materials for two others, the Pentagon said late Friday.
Drugmaker Merck & Co. said Friday the U.S. Food and Drug Administration has accepted its supplemental new drug application for the HIV drug Isentress.
Shares of automakers rise Friday evening as work continues on the beleaguered industry’s request for a package of emergency loans from Washington.
Investors will be focused on earnings and on the Federal Reserve next week, as the Fed is expected to make an announcement on interest rates and Goldman Sachs joins a slew companies reporting earnings.
The London stock market fell in early trade on Friday, tracking losses on Wall Street and in Asia after the US Senate blocked a bailout plan for the distressed US auto industry.
World stock markets have tumbled after the US Senate blocked a financial rescue of the big three US car makers. Share prices plunged in Asia and at the start of European trade after hours of late-night negotiations among US senators on a bail-out of the troubled industry collapsed.
Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.