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New Economic Data Should Clarify Matters
AP - Wall Street has been stewing in uncertainty over the economic impact of hurricanes Katrina and Rita, but a new batch of data due in the week ahead will help clarify the situation.
Stock market indicators mixed, crude oil prices move up
Canadian Press - TORONTO (CP) - Global indicators were mixed for North American stock markets early Monday as oil prices rose and 2005's fourth quarter got underway.
Dollar extends rally on Fed rate outlook
Reuters - The dollar extended a rally on Tuesday,
striking a three-month high against the euro and holding near a
16-month high against the yen as another Federal Reserve
official said U.S. interest rates need to rise further.
ADC sees Q4 earnings below expectations
Reuters - Network infrastructure firm ADC
Telecommunications Inc. on Tuesday forecast fiscal
fourth-quarter earnings from continuing operations at 15 to 19
cents a share, below analysts expectations.
Nikkei set for worst 1-day dip in months
Reuters - Tokyo's Nikkei share average fell 2.16
percent on Thursday and was set to book its worst one-day drop
in almost six months after a sell-off on Wall Street prompted
investors to unload stocks seen as overvalued.
NY stocks seen inching up
Reuters - U.S. stock index futures indicate a
stronger start on Wall Street on Friday, helping markets limit
this week's slide, but trading is likely to be cautious ahead
of key non-farm payrolls data.
Inflation Fears May Overshadow Earnings
AP - Oil prices fell substantially last week, yet the stock market dropped to its lowest levels since early July. People who are used to seeing stocks rise as oil prices fall could very well wonder what happened. Richard Fisher happened.
Stocks Set to Open Up Amid Important Data
AP - U.S. stock markets were looking firmer Monday amid an important week of economic data. An upgrade of International Business Machines and a possible $16 billion deal in the insurance sector also may lift sentiment, though Delphi's bankruptcy filing over the weekend hit shares of former parent General Motors in pre-open moves.
K2 Cuts Earnings, Sales View
AP - Sporting-goods maker K2 Inc. slashed its fiscal 2005 earnings and sales estimates, citing softness in the paintball business.
Stocks Set to Open Down on Oil Prices
AP - Apple Computer's revenue shortfall and rising oil prices pulled on U.S. stock market futures in early trade Wednesday.
Winnebago Profit Slides in Fourth Quarter
AP - Winnebago Industries Inc. on Thursday said earnings for the fourth quarter fell almost 20 percent as deliveries of its motor homes declined amid an industrywide downturn.
Stocks Set to Open Higher on GE Earnings
AP - U.S. stock market futures edged higher Friday, with industrial bellwether General Electric posting third-quarter earnings that met expectations, and a flurry of economic data set to be released that could ratchet up inflation concerns.
Wall St Week Ahead-Stocks await earnings
Reuters - Investors will face a barrage of U.S.
corporate earnings this week, including reports from
heavyweights 3M Co. and Intel Corp. , among
companies expected to provide clues about the health of the
U.S. economy.
Asian Wall Street Journal Changes Name
AP - The Asian Wall Street Journal scrapped its broadsheet printing style and tweaked its name Monday as it rolled out a new paper with a smaller tabloid format called 'The Wall Street Journal Asia.'
Novartis Reports Rise in 3Q Profit
AP - Swiss pharmaceutical giant Novartis AG on Tuesday reported a 14 percent increase in third-quarter earnings on strong sales growth and lower marketing expenses.
Keane profit up 10 percent
Reuters - Keane , a business and
technology outsourcing company, on Wednesday said its quarterly
profit rose 10 percent on higher revenue, but exceeded
expectations thanks to a one-time tax benefit.
Nikkei snaps 6-day sell-off
Reuters - Japan's Nikkei share average rose 0.7
percent on Thursday and was on track to snap a six-day losing
streak as gains on Wall Street encouraged investors to pick up
Advantest Corp. (6857.T) and other technology stocks.
Toshiba Raises Half-Year Profit Forecast
AP - Toshiba Corp. revised upward its forecast for group profit for the fiscal half-year Friday as solid sales in chips and other electronics parts helped lift earnings.
Caterpillar Shares Posts Record Earnings
AP - Caterpillar Inc. shares skidded more than 9 percent Friday after record third-quarter earnings still fell short of Wall Street's expectations and the construction equipment maker issued a lower profit forecast for the year.
Investors wonder where TSX will settle after another losing week
Canadian Press - TORONTO (CP) - It could be another nail-biter of a week for investors as they wonder where the Toronto stock market's energy-sector-led correction will settle.
Schering Posts $192.2 Million Profit in 3Q
AP - Schering AG raised its profit forecast for the year on Monday as the drugmaker reported that third-quarter earnings rose 29 percent on improved sales of its birth control drug and lowered costs.
BP Reports 3Q Profit Increase of 34 Pct.
AP - Energy group BP PLC, one of the world's largest oil companies, reported a 34 percent rise in quarterly profit Tuesday as record energy prices more than outweighed hurricane damage to its rigs and refineries.
Sharp posts profit drop, keeps outlook
Reuters - Japan's Sharp Corp. (6753.T) said on
Wednesday its operating profit fell a worse-than-expected 3
percent in the first half on sliding flash memory prices and
sluggish sales of small liquid crystal displays, but kept its
full-year outlook.
Bourses seen falling after US earnings warnings
FT.com - European stocks were poised for opening falls on Thursday after a weak session on Wall Street following profit warnings, but a busy earnings diary was likely to keep investors focused on Europe.
Kia Motors Says Third-Quarter Profit Fell
AP - Kia Motors Corp. reported Friday that third-quarter net profit fell by nearly half from a year ago, along with an operating loss on higher raw material costs, production lost to a strike and a stronger Korean currency.
Microsoft 1Q Earnings Up 24%
TechWeb - The company's overall revenue guidance for the full fiscal year ending June 30 remains the same: between $43.7 billion and $44.5 billion.
Investors Hope Fed Move Will Bring Clarity
AP - Wall Street is spooked, and it has nothing to do with Halloween. The volatility of the past few weeks, with stocks making big gains and suffering big losses sometimes in back-to-back sessions shows a market bogged down by uncertainty and treating each earnings report or piece of economic data as a portent, mostly dire, of things to come.
Hitachi Q2 profit tumbles
Reuters - Japan's Hitachi Ltd. (6501.T) posted a 48
percent fall in quarterly profit on Monday, hurt by its
loss-making hard disk drive operations, and it cut its
full-year forecast more than expected, sending its shares
lower.
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