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Bonds, shares slump as Fed signals end to stimulus
ReutersLONDON (Reuters) - Bonds, shares and commodities fell sharply around the world on Thursday and the dollar rose after the U.S. Federal Reserve explicitly signaled an end to easy money and data showed China's economy slowing down. The sell-off began...Tags: Hyundai Motor Co., House Building, Ryanair Holdings Plc, Annapolis, Corporate Officers
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UPDATE 2-Micron 'optimistic' Elpida deal will close in current quarter
Reuters* Third-quarter earnings $0.04/share vs est $0.02 * Revenue $2.32 bln vs est $2.25 bln * Average selling prices of DRAM chips rise 16 pct By Sruthi Ramakrishnan June 19 (Reuters) - Micron Inc reported a better-than-expected quarterly profit as...Tags: Companies and Corporations, Computing and Information Technology Industry, Economy, Business and Finance, Computer Hardware, Microsoft Corporation
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Finisar profit beats Street estimates, shares jump
Reuters(Reuters) - Network equipment maker Finisar Corp reported a quarterly profit that beat analysts' expectations as demand for its fiber optic products rose. Finisar shares rose 10 percent in trading after the bell. The stock closed at $14.52 on the...Tags: Finisar Corporation, Thomson Corporation
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UPDATE 1-Micron profit beats estimates as chip prices climb
Reuters* Third-quarter earnings $0.04/share vs est $0.02 * Revenue $2.32 bln vs est $2.25 bln * Average selling prices of DRAM chips rise 16 pct By Sruthi Ramakrishnan June 19 (Reuters) - Micron Inc reported a better-than-expected quarterly profit due to...Tags: Microsoft Corporation, Intel Corp., Thomson Corporation
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STOCKS NEWS US-Goldman Sachs looks at July preannoucement season
ReutersReal-time equity news [E U] U.S. stock market report 1718 ET 19June2013 Goldman Sachs looks at July preannouncement earnings season -------------------------------------------------------------------------------- With half the year behind them, many U....Tags: Companies and Corporations, Goldman Sachs Group, Inc., Stock Activities, Credit Ratings, Finance
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US STOCKS-Wall St drops after Bernanke hints at slowing stimulus
Reuters* Shares tumble after Fed chief signals stimulus could be pared back * Fed maintains pace of bond purchases for the present * REITs slump after Bernanke comments * Adobe, FedEx rise after results; Sprint tumbles * Indexes off: Dow 1.3 pct, S&P 500 1.4...Tags: Realty, Federal Reserve, Financial Markets, Stock Activities, Micron Technology Incorporated
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Wall St. drops after Bernanke hints at slowing stimulus
ReutersNEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough. Equities have been closely...Tags: Realty, New York Weather, Financial Markets, Weather Reports, Stock Activities
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UPDATE 1-Jabil to cut jobs, forecasts core earnings below estimates
Reuters* Sees 4th-quarter core earnings of $0.50-$0.58/share * Analysts expect core earnings of $0.59/share * Shares down 1 percent after market June 19 (Reuters) - Contract electronics maker Jabil Circuit Inc forecast current-quarter core earnings below...Tags: Companies and Corporations, Cisco Systems Inc., General Electric Company, Science and Technology, Hewlett-Packard Co.
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Alpha Now-As bond yields rise, be careful about picking financial stocks
ReutersJune 19 - Looking at the recent jump in longer-term U.S. Treasury bond yields, it is easy to make the sweeping statement - "buy financial stocks." However, earnings forecasts from sell-side analysts are favoring some sectors. The Diversified Financial...Tags: Citigroup Incorporated, Economy, Business and Finance, Bank of America Corp., Marketing, Finance
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BlackBerry shares fall as analyst downgrades stock ahead of earnings
ReutersTORONTO, June 19 (Reuters) - BlackBerry shares fell nearly 4 percent on Tuesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week. While Bernstein's Pierre...Tags: Companies and Corporations, Economy, Business and Finance, Computer Hardware, BlackBerry
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FedEx posts higher-than expected profit, will cut more capacity
Reuters(Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday as it cut costs and its U.S. truck business continued to pick up steam. Shares were up 2.3 percent to $101.80 Wednesday afternoon on the New York Stock Exchange while...Tags: Companies and Corporations, Consumer Goods Industries, UPS Inc., Economic Indicator, Earnings
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REFILE-BlackBerry shares fall as analyst downgrades stock ahead of earnings
Reuters(Corrects day of the week in first paragraph to Wednesday from Tuesday) TORONTO, June 19 (Reuters) - BlackBerry shares fell 4 percent on Wednesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's...Tags: Companies and Corporations, Economy, Business and Finance, Computer Hardware, BlackBerry
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