Posts Tagged ‘Cuts’
S&P cuts rating on Japan’s Panasonic
February 22nd, 2012 | 
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Standard & Poor’s downgraded the rating of Japan’s Panasonic Wednesday, blaming its deteriorating finances weeks after the electronics giant warned it would suffer a record loss for this fiscal year.
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Wal-Mart holiday price cuts hit profits
(Reuters) – Wal-Mart Stores Inc’s price cuts hurt its fourth-quarter profit, reminding investors that steps the world’s largest retailer is taking to bring back shoppers do come at a cost. Wal-Mart’s quarterly profit and sales fell short of Wall Street expectations and its forecasts suggest that results in this quarter and fiscal year may again disappoint analysts. “Everything had the hint of conservatism in the guidance,” said ITG Investment Research senior hardline retail analyst John Tomlinson. “People are contemplating bear case scenarios, what they could mean for earnings growth. …
Wall St cuts losses on late buying, more gains seen
NEW YORK (Reuters) – U.S. stocks trimmed losses to end little changed on Friday, as investors saw dips in the market as an opportunity to buy into what has been a strong first month of 2012. The Dow posted its first weekly loss this year, hurt Friday as Chevron Corp announced earnings that were below Wall Street’s estimates and Procter & Gamble Co cut its full-year profit forecast because of the strong dollar. But the emergence of late-day buyers was viewed positively as major averages have methodically climbed through January. …
Stock Markets News Headlines – Yahoo! News
