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China's Lenovo buys and diversifies to outshine PC rivals
ReutersHONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Lenovo, a...Tags: Marketing, Hewlett-Packard Co., Thomson Corporation, Corporate Performance, Samsung Group
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Weaker-than-expected 1Q chills Target's forecast
ReutersTarget Corp. shares sagged more than 4 percent Wednesday as the discount retailer cut its full-year profit forecast on weak first-quarter results. Target warned in April that its first-quarter results would be weaker than anticipated, and its performance...Tags: Lowe's Companies Inc., Thomson Corporation, Wal-Mart Stores, Inc., Weather, Target Brands, Inc.
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HP raises 2013 outlook as Whitman's plan takes hold
ReutersSAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While...Tags: Thomson Corporation, Hewlett-Packard Co., NYSE Euronext, Inc., IBM, Computing and Information Technology Industry
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Nikkei set to pull back from 5-1/2-year highs on Bernanke remarks
ReutersTOKYO, May 23 (Reuters) - Japan's Nikkei average is expected to retreat from a 5-1/2-year high on Thursday after U.S. Federal Reserve chief Ben Bernanke suggested the central bank could scale back stimulus in coming months. The Nikkei is likely to...Tags: Services and Shopping, Foreign Exchange Market, Sony Corp., S&P 500, Japan
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JGB yields surge, markets spooked by Bernanke remarks
ReutersSINGAPORE (Reuters) - Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal Reserve Chairman Ben Bernanke's remarks sparked worries of a reduction in U.S. monetary...Tags: Apple iPhone, Federal Reserve Bank of Chicago, Charles Schwab, Financial Markets, General Electric Company
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Moody's prefers California governor's conservative revenue outlook
ReutersSAN FRANCISCO, May 22 (Reuters) - If California lawmakers rely on the state budget watchdog agency's latest revenue outlook, they may build spending increases into a budget plan at odds with the relatively conservative and cautious plan urged by...Tags: Executive Branch, Marketing, Government, Standard & Poor's Financial Services LLC, Personal Income
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CORRECTED-Intuit third-quarter profit rises 12 pct
Reuters(Corrects paragraph 2 to say net income rose to $822 million, not $1.24 million, from $734 million, not $1.11 million. Third-quarter earnings per share was $2.71, not 2.71 cents. The comparable figure for a year earlier was $2.42, not 2.42 cents) May...Tags: Earnings, Intuit Incorporated
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Lowe's quarterly profit misses estimates
ReutersMay 22 (Reuters) - Lowe's Cos Inc reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot Inc . The second-largest home...Tags: Lowe's Companies Inc., Thomson Corporation, The Home Depot
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Weak luxury goods stocks push European shares off peaks
Reuters* FTSEurofirst 300 down 0.6 pct, Euro STOXX 50 falls 0.5 pct * Some traders sell positions ahead of Bernanke speech * Traders expect any pullback to be relatively minor * Burberry fall knocks back luxury goods sector By Sudip Kar-Gupta LONDON, May 22...Tags: Derivative Securities, DAX, Ben Bernanke, Money and Monetary Policy, Credit Ratings
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Britain's FTSE slips on profit-taking at 13-year highs
ReutersLONDON (Reuters) - Britain's FTSE 100 weakened early on Wednesday after hitting 13-year highs the previous session, as investors took profits in outperforming sectors such as technology and luxury. By 6.20 a.m. ET, London's blue chip index was down 8....Tags: Intel Corp., U.S. Congress, Morgan Stanley Dean Witter & Company, Ben Bernanke, Computing and Information Technology Industry
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Lowe's results miss estimates, underperforming Home Depot
Reuters(Reuters) - Lowe's Cos Inc reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot Inc . The results contrasted sharply...Tags: Lowe's Companies Inc., Services and Shopping, Thomson Corporation, Photography and Video, Video Supplies and Services
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Toll Brothers profit beats on higher home prices
Reuters(Reuters) - Luxury homebuilder Toll Brothers Inc reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 percent. Record-low interest rates and rising...Tags: Marketing, Thomson Corporation, NYSE Euronext, Inc., Rentals, Toll Brothers Inc
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