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RPT-PREVIEW-All eyes on Vodafone's Colao for signs on Verizon
Reuters(Repeats story first filed on Friday) By Kate Holton LONDON, May 17 (Reuters) - After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would...Tags: Weather Reports, Italy, Companies and Corporations, Verizon Communications, Weather
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All eyes on Vodafone's Colao for signs on Verizon
ReutersLONDON (Reuters) - After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever. Chief executive for five years,...Tags: Italy, Companies and Corporations, Verizon Communications, Verizon Wireless, Goldman Sachs Group, Inc.
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Dollar soars, stocks set new highs on Fed stimulus exit talk
ReutersNEW YORK (Reuters) - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed U.S. consumer sentiment hit an almost six-year high in...Tags: Strikes, General Electric Company, Imperial Oil Limited, G20, Lisle
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CANADA STOCKS-TSX may open ahead of key economic data
ReutersMay 17 (Reuters) - Canada's main stock index looked set to open higher, although gains might be capped after San Francisco Federal Reserve Bank President John Williams hinted the U.S. central bank could begin pulling back its aggressive monetary easing...Tags: Federal Reserve, JC Penney Company Inc., Central Bank, Computing and Information Technology Industry, CAE Incorporated
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Legislature's analysts to weigh in on Jerry Brown's budget
SACRAMENTO -- Earlier this week, Gov. Jerry Brown surprised budget watchers with his pessimistic outlook for California’s future, predicting that state revenues will come in about $2 billion lower next year than his administration thought in...
Tags: Politics, Budgets and Budgeting, Government, Executive Branch, Jerry Brown
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Wal-Mart U.S. sales weak; outlook below analysts' forecast
Reuters(Reuters) - Wal-Mart Stores Inc posted weaker-than-expected quarterly earnings on Thursday due to poor U.S. sales and said its profit for this quarter might also miss Wall Street's forecast. Everything from pressure on shoppers to a cool start to...Tags: Quarterly or Semiannual Financial Statements, Corporate Crime, Corruption, Macy's, Inc., Thomson Corporation
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Nordstrom lowers sales forecast as 1st-quarter sales miss
Reuters* 1st quarter profit per share 73 cents vs estimates of 76 cents * Now sees full-year same-store sales up 3-5 pct * Shares down 3.9 percent after-hours May 16 (Reuters) - Nordstrom Inc on Thursday reported lower-than-expected sales and profit for the...Tags: Nordstrom, Inc., Macy's, Inc., Thomson Corporation
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PRESS DIGEST-Australian Business News - May 17
ReutersCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Iron ore miner Brockman Mining is seeking access to the railway lines of Fortescue...Tags: Bank of America Corp., Finance, Australia, Corporate Officers, Companies and Corporations
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Autodesk cuts full-year revenue forecast, shares fall
Reuters(Reuters) - Autodesk Inc's first-quarter results missed market expectations on sales declines in the Americas and emerging markets, prompting the maker of AutoCAD design software to cut its full-year revenue forecast. Shares of the company fell 5 percent...Tags: Weather Reports, Computing and Information Technology Industry, Quarterly or Semiannual Financial Statements, Adobe Systems Inc., Parametric Technology Corporation
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Aruba Networks sees weak fourth quarter as Cisco competition intensifies
Reuters(Reuters) - Network equipment maker Aruba Networks Inc forecast fourth-quarter results well below Wall Street expectations hurt by rising competition from Cisco Systems Inc , sending its shares down 17 percent after the bell. Aruba expects fourth-quarter...Tags: Cisco Systems Inc., Thomson Corporation
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Kohl's expects sales to pick up
Reuters(Reuters) - Kohl's Corp said on Thursday it expects sales to rebound in the current quarter after bad weather in early spring hurt business at the department store chain. The retailer also reported a better-than-expected first-quarter profit, helped by...Tags: JC Penney Company Inc., Weather Reports, Edward Jones, Companies and Corporations, Macy's, Inc.
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Weak Zurich earnings cap European shares near 5-year high
Reuters* FTSEurofirst 300 down 0.1 percent * Zurich Insurance falls 1.2 percent after Q1 miss * Richemont surges after proposing dividend hike By David Brett LONDON, May 16 (Reuters) - Weak earnings from Zurich Insurance Group kept a lid on European shares...Tags: Insurance, Earnings, Thomson Corporation
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