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Stock futures up ahead of ISM poll
AP - U.S. stock futures gained ground on Friday, as investors hoped that the last session's late buying could continue ahead of a critical poll on manufacturing sentiment and data on monthly auto sales.
WSJ will cut width, amongh other changes
AP - The Wall Street Journal, whose wide pages and text-rich look have long been an icon of the American newspaper business, is about to undergo several changes that include cutting three inches off its width.
Wall Street Journal to unveil new design
AP - The Wall Street Journal is moving to a smaller format early next year and adding more color, graphics and other user-friendly elements in a bid to make the longtime stalwart of the financial world more appealing to a wider audience.
Nintendo says may beat 2006/07 earnings forecast
Reuters - Japanese video game maker Nintendo
Co. Ltd. (7974.OS) said on Tuesday it is possible the company
will beat its own earnings forecast for the current business
year, helped by continued robust sales of its DS handheld
games. DS sales for the year to the end of next March may
exceed its official forecast of 20 million units, Nintendo
President Satoru Iwata told Reuters in an interview.
ISS recommends "Yes" on NYSE merger vote: Euronext
Reuters - ISS, a global proxy advisory firm,
recommended that Euronext shareholders vote in favor
of the pan-European exchange's planned merger with New York
Stock Exchange NYSE Group , Euronext said on Wednesday.
Fannie Mae slashes pre-2005 earnings by 6.3 billion dollars
AFP - US mortgage finance giant Fannie Mae sliced 6.3 billion dollars off earnings reported through mid-2004 as the government-chartered lender restated earnings in the wake of an accounting scandal.
Stock futures steady before payroll data
AP - U.S. stock futures were steady on Friday, with the global economic picture in focus not only on an eagerly-awaited U.S. jobs report but also after Japan revised its economic growth figures lower.
Investors seek signs of how '06 will end
AP - Wall Street will wade through a slew of fresh economic data in the coming week as it strives to determine how well the economy is holding up and whether the surge in stocks of the past few months can be sustained through the final weeks of the year.
Nikkei rises with exporters, Maruha up on merger
Reuters - The Nikkei average rose 0.67 percent on
Monday as Honda Motor Co. (7267.T) and other exporters advanced
on a weaker yen, while shares of Japanese seafood suppliers
jumped after Maruha Group Inc. (1334.T) said it plans to merge
its operations with smaller rival Nichiro Corp. (1331.T).
Nasdaq launches $5.3 bln hostile bid for LSE
Reuters - Nasdaq launched its 2.7 billion
pound ($5.3 billion) hostile bid for the London Stock Exchange
on Tuesday, appealing directly to investors after being
spurned by Europe's biggest stock market.
Wall Street set to open on upbeat note
Reuters - Wall Street stocks are poised to push
higher at the start of Wednesday trade, buoyed by a batch of
merger activity, as investors shake off cautionary comments
from the U.S. Federal Reserve.
Costco quarterly profit up 10 pct
Reuters - Costco Wholesale Corp. posted
a 10 percent rise in quarterly profit on Thursday, but said it
would take a $70 million charge in the second quarter related
to company stock options.
Nasdaq, NYSE to open offices in China
AP - China and U.S. agreed to allow the Nasdaq market and New York Stock Exchange open formal business offices in China, Finance Minister Jin Renqing announced Friday at the end of two days of high-level talks with U.S. officials.
NYSE-Euronext shareholders to judge trans-Atlantic marriage
AFP - Shareholders in the New York Stock Exchange and the European stock market Euronext are to vote this week on a trans-Atlantic wedding in the face of some concern in Europe that the NYSE will be the dominant partner.
Dutch minister leans toward Euronext/NYSE approval
Reuters - Euronext and NYSE Group
are close to obtaining approval from the Dutch Finance
Ministry for a $14 billion merger plan to create the first
transatlantic stock exchange.
LSE forecasts earnings surge as battles Nasdaq bid
Reuters - The London Stock Exchange said
on Tuesday its 2006 adjusted earnings would rise at least 58
percent as it reiterated its opposition to a 2.7 billion pound
($5.3 billion) bid from U.S. rival Nasdaq .
Palm second-quarter profit falls
AP - Palm Inc. faces challenges not only to compete with a growing number of rivals in the smart phone market but also to drum up investor excitement.
NutriSystem Earnings Swell As Men Try To Lose Weight
Investor's Business Daily - As it helped clients lose weight this year, NutriSystem ballooned.
Walgreen 1Q profit surges 25 percent
AP - Walgreen Co., the nation's largest drugstore chain by revenue, on Friday said fiscal first-quarter profit grew 25 percent as prescription sales rose.
Wall Street set to close year quietly
AP - Investors are expected to spend the last week of 2006 getting their portfolios in order, taking advantage of a slow period on Wall Street where volume plunges to its lowest levels of the year.
Shanghai stocks reach record high
AP - Tokyo's stock prices slipped Monday as traders held off moves before the release of economic data. Shanghai surged to a new record on buying of bank shares, while most other Asian markets were closed for Christmas Day.
Legal Costs Hit Qualcomm's Bottom Line
BusinessWeek Online - Qualcomm's contentious relations with communications industy players appear to have come back to haunt the company. On Dec. 22, Qualcomm (NASDAQ:QCOM - News) warned of lower than expected quarterly profit attributable in part to hefty legal costs.
Dollar falls in jittery post-Christmas trade
Reuters - The dollar fell against other major
currencies on Wednesday, weighed down by continued talk of
possible U.S. interest rate cuts next year and as thin volumes
after the Christmas holidays accentuated market moves.
Wall Street lower after key data
AP - Stocks fluctuated Thursday after three reports indicated the economy might be in better shape than expected, a sign the Federal Reserve might need to be more aggressive next year.
Stock futures flat; Apple again in focus
AP - U.S. stock market futures hugged the flat line on Friday on the last trading day of the year, with Apple Computer again in focus as traders await the filing of its annual report and with Marsh & McLennan in the spotlight on a report it's near a deal to sell Putnam Investments.
Wall Street eyes broad data for new year
AP - The first trading week of the year may be a short one, but it may help determine whether the stock market's record-breaking run will continue or melt down in 2007.
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