Archive for October 28th, 2009
Goodyear 3Q profit surges, shares sink on outlook (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
Goodyear Tire & Rubber Co.’s profit more than doubled in the third quarter, helped by cost-cutting, new products and lower raw material costs. But its shares plummeted nearly 20 percent on its forecast for an operating loss in its key North American market this quarter.
Verizon, ConocoPhillips, Coca-Cola are big movers (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:
Movers roundup: Illumina, Panera Bread (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
Shares of Illumina Inc. skidded after the maker of genetic analysis instruments reported third-quarter results and 2009 guidance below analyst estimates.
Sector roundup: Homebuilders, airlines (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
Shares of homebuilders slid as new home sales dropped for the first time in five months. NEW YORK — AMR Corp. was among the biggest decliners among airline stocks after the parent of American Airlines said it will close a maintenance hub and cut hundreds more workers.
Business Highlights (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
Sales of new homes dropped unexpectedly last month as the effects of a temporary tax credit for first-time owners started to wane.
Wall Street tumbles on recovery woes (Reuters)
Posted by Bancherul.com in Finance News on October 28th, 2009
U.S. stocks tumbled in a broad sell-off on Wednesday, sending the benchmark S&P 500 lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic recovery.
China Security & Surveillance shares drop (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
Shares of China Security & Surveillance Technology Inc. tumbled Wednesday as the company’s third-quarter profit and sales missed Wall Street forecasts by a wide margin.
ValueClick shares drop on 4Q sales outlook (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
ValueClick Inc.’s shares fell Wednesday after the online advertising company issued lower-than-expected fourth-quarter revenue guidance.
Major business events scheduled for Thursday (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
Major business events and economic events scheduled for Thursday: WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m.
Sector Snap: Airlines down despite oil dip (AP)
Posted by Bancherul.com in Finance News on October 28th, 2009
AMR Corp. was among the biggest decliners among airline stocks Wednesday after the parent of American Airlines said it will close a maintenance hub and cut hundreds more workers.
