Archive for the ‘Yahoo News’ Category
HP says 1Q earnings down 44 pct, beats Street
February 23rd, 2012 | 
Author: Net income at Hewlett-Packard Co. fell in its first full quarter under CEO Meg Whitman, as the company confronted weak consumer sales and supply shortages due to flooding in Thailand.
Stock Markets News Headlines – Yahoo! News
Posted in 
Tags: 
Wall Street flat after housing data; S&P near key level
NEW YORK (Reuters) – Stocks were little changed on Wednesday as an encouraging U.S. housing report offset soft euro zone data, while the S&P 500 struggled to break through a high not seen since last May. The benchmark S&P is up 8.3 percent for the year and more than 20 percent from October lows. But the index has been unable to convincingly pierce the 1,360 level, a high hit May 3 and a key resistance point that could spark further gains if broken. U.S. …
Holiday spending pushes Macy’s 4Q profit higher
A strong holiday shopping season and hearty online sales pushed Macy’s Inc.’s fourth quarter net income up 12 percent. That topped Wall Street’s expectations, and the department store chain’s stock hit a 52-week high.
Dell shares fall on earnings miss, outlook
SAN FRANCISCO (Reuters) – Dell Inc forecast fiscal first-quarter revenue below Wall Street’s expectations, stoking fears the PC industry has not fully emerged from its downturn and sending the company’s shares more than 4 percent lower. The world’s No. 3 personal computer maker projected sales would be down 7 percent this quarter from the previous quarter, when it posted revenue of $ 16 billion. That translates into about $ 14.9 billion, below the average forecast for roughly $ 15.2 billion. …
Holiday spending pushes Macy’s 4Q profit higher
Macy’s Inc. said strong holiday and online sales helped push its fiscal fourth-quarter net income up 12 percent. The department store chain’s results topped Wall Street’s expectations and its stock climbed.
Stock Markets News Headlines – Yahoo! News
Can the stock market pick the next president?
The number has been repeated so often by presidential prognosticators that it’s an article of faith: No president has been re-elected since World War II with an unemployment rate higher than 7.2 percent.
Stock Markets News Headlines – Yahoo! News
French banks vow to keep credit flowing: France
PARIS (Reuters) – French banks are committed to keep credit flowing to the broader economy, the finance ministry said on Monday after talks with the country’s main lenders, amid persistent concerns over companies’ access to financing. Despite stock market turbulence last year over concerns about their Greek exposures, French banks’ lending to companies grew by 4.4 percent, more than the 1.1 percent registered for the 17-nation euro zone as a whole, the ministry said. …
Stock Markets News Headlines – Yahoo! News
S&P warns Japan on debt, affirms AA- rating
TOKYO (Reuters) – Standard & Poor’s warned on Monday it could lower Japan’s sovereign rating if the economy expands less than expected or if public debt continues to grow, as the country’s unpopular government struggles to win support for higher taxes. The ratings agency affirmed its AA- rating on Japan with a negative outlook, but also warned that higher taxes wouldn’t solve the structural problems that push up Japan’s welfare spending and increasingly pressure state coffers. …
Stock Markets News Headlines – Yahoo! News
S&P warns Japan on debt, affirms AA- rating
TOKYO (Reuters) – Standard & Poor’s warned on Monday it could lower Japan’s sovereign rating if the economy expands less than expected or if public debt continues to grow, as the country’s unpopular government struggles to win support for higher taxes. The ratings agency affirmed its AA- rating on Japan with a negative outlook, but also warned that higher taxes wouldn’t solve the structural problems that push up Japan’s welfare spending and increasingly pressure state coffers. …
Stock Markets News Headlines – Yahoo! News
Stocks may strain to hold 9-month highs
NEW YORK (Reuters) – If upcoming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs. Even with a Greece deal now in the works and the U.S. economic recovery showing stronger momentum, strategists think the market could face resistance in a push higher. Less than two months into the year, the benchmark Standard & Poor’s index is up more than 8 percent and has already exceeded many analysts’ forecasts for the year. …
