Infosys Technologies Ltd. (NASDAQ:INFY) is seeing shares trade down 4% pre-market in the US after roughly a 6.9% drop in overseas trading on the Mumbai exchange in India. The company posted higher EPS and…
(AEO) American Eagle Outfitters lowered guidance; shares down 2%.(ANF) Abercrombie & Fitch s-s-s -4% vs -1% est; shares indicated down 1%.(BEBE) bebe Stores s-s-s -9.3%.(CHS) Chico’s FAS s-s-s -8.3%.(CREL) Corel traded down 4% after…
AA target cut to $47 at UBS.AAPL raised target to $190 at Goldman Sachs.AFL started as Outperform at FBR.BNI cut to Equal Weight at Lehman.BRE raised to Outperform at Credit Suisse.CME & ISE raised…
For the period ending October 3, Wal-Mart (WMT) same-store sales rose 1.4%. Total company revenue rose 10% for the period to $34.4 billion. International sales were the big driver, moving up over 20% to…
VMWare (VMW) has the hot hand in virtualization and Microsoft (MSFT) wants to take that away. VMW shares have almost tripled since their IPO three months ago."It is the hottest trend in IT," a…
Medtronic (MDT) got the FDA to approve its new drug-coated stent called the Endeavor. The agency did have some concerns about whether the product has long-term risks or whether it is more effective than…
Markets in Europe were up at 6.40 AM New York Time. The FTSE rose .8% to 6,686. BHP Billiton (BHP) rose 2.9% to 1854. BP (BP) rose1.5% to 588.5. BT (BT) rose 2.9% to…
Sony Ericsson, the world’s fourth largest handset maker, came out with results for its third quarter .On the surface, they looked fairly good. Revenue rose 7% to $4.4 billion. But, net revenue fell slightly…
It looks like insider trading is becoming a big issue with state and city pension funds. North Carolina has suggested charges against the head of Countrywide Financial (CFC) And now a city pension fund…
Cable companies had all of the competitive advantages. They could offer broadband, TV, and voice service in one package. Satellite TV could only offer television. Telecom companies had slow DSL, and building fiber-to-the-home was…
It really doesn’t look good. Countrywide Financial (CFC) CEO Angelo R. Mozilo sold tons of stock in the period before the sub-prime markets caved in. According to The New York Times, he "starting a…
According to Reuters, several retailers cut holiday forecasts and the economy slows. Reuters writes that Chrysler has reached an accord with the UAW. Reuters reports that Boeing (BA) has delayed delivery of its Dreamliner…
Markets in Asia were up sharply The Nikkei rose 1.6% to 17,459. Marubeni rose 5.8% to 1066. NTT Data rose 4.8% to 541000. Softbank rose 5.3% to 2875. Yahoo Japano rose 5.9% to 53500.…
It appears that pop star Madonna is leaving Warner Music Group (WMG) for concert promoter Live Nation (LYV). The price tag is $120 million for 10 years. Live Nation will pay part in cash…
On CNBC’s MAD MONEY tonight, Jim Cramer discussed Google (NASDAQ:GOOG) and said that it isn’t expensive despite many pundits calling it expensive. The Lehman target of $714 and the Merrill Lynch target of $740…
GE (GE) may sell its NBC Universal unit after the Beijing Olympics. So say the FT. The paper writes "The fate of the NBC Universal entertainment unit, will be decided only after the Beijing…
BOEING (NYSE:BA) Downgraded to "BUY" from "STRONG BUY" by Standard & Poor’s Equity analyst. S&P noted the Boeing first delivery of its new 787 in Nov.-Dec. 2008, compared with prior May 2008 expectation. S&P…
Corel Corporation (NASDAQ:CREL) has released earnings and Non-GAAP EPS $0.31 & Revenues in the third quarter were $60.4 million, compared to estimates of $0.30 & $61.1 million. The company’s tax charges and other charges…
LAM Research (NASDAQ:LRCX) has released a partial earnings release, but due to its ongoing options review it is only showing earnings. Revenue for the period was $684.6 million, compared to estimates of just under…
Georgia Gulf (GGC) Chemical producers out of favor. Falls to $12.23 from 52-week high of $28.65. TOUSA (TOA) Home-builder. Drops to $1.17 from 52-week high of $11.37. Youbet Com (UBET) Horse-racing gambling Web site…