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Markets closed to honor Gerald Ford
AP - U.S. stock markets are closed today to observe the national day of mourning for former President Gerald Ford.
Wall Street seen opening the year higher
Reuters - Wall Street looked set to start 2007 on
an upbeat note on Wednesday as a new dip in oil quelled
inflation worries, but investors awaited a batch of economic
reports for clues on the health of the world's biggest economy.
Stocks seen weaker, eyes on economic data
Reuters - U.S. stock markets looked set to open
weaker on Thursday, with the focus on a raft of economic data
as the earnings calendar and corporate newsflow seem thin.
Flat start tipped for Wall Street ahead of jobs data
Reuters - Wall Street stocks were set for a muted
start on Friday, with oil producers expected to remain under
pressure as crude traded below $55.50 a barrel and investors
waited for monthly U.S. jobs data.
Investors eye upcoming economic data
AP - Investors will begin the second week of the year hoping for more clarity about the direction of the economy, and in turn, the markets, after Wall Street's lackluster start to 2007.
Nasdaq says Q3 data won't change its view on LSE
Reuters - Nasdaq Stock Market Inc. said
on Monday that imminent third-quarter figures from the London
Stock Exchange would not affect its 2.7 billion pound
($5.2 billion) hostile bid for the British exchange.
Supervalu 3Q earnings climbs 51 percent
AP - Supervalu Inc., the nation's third-biggest supermarket chain, said Tuesday its third-quarter earnings jumped almost 51 percent because of its purchase of grocery chain Albertson's.
Alcoa 4Q profit soars nearly 60 percent
AP - Higher metal prices and robust demand boosted Alcoa Inc.'s fourth-quarter profit nearly 60 percent as the world's largest aluminum maker kicked off the earnings season as the first member of the Dow Jones Industrials to report results.
Genentech Inc. 4Q earnings soar 75 pct.
AP - Genentech Inc. is vowing to keep growing at a double-digit rate for the foreseeable future by continuing to spend billions of dollars annually on research and development of new drugs.
Samsung Electronics' 4Q profit falls
AP - Samsung Electronics Co. reported Friday that fourth quarter profit declined 8 percent amid price declines for key products including flash memory chips and a stronger South Korean won.
Wall Street awaits Intel, Citi earnings
AP - Wall Street's fixation on economic data turns into a craving for profit news and forecasts this week as a slew of corporate earnings reports arrive.
World stock markets close higher
AP - World stock markets closed higher Monday, with European indexes buoyed by merger and acquisition activity, while U.S. markets were closed for Martin Luther King Jr. Day holiday.
Cargill second quarter earnings rise 34 percent
Reuters - U.S. agribusiness giant Cargill Inc.
said on Tuesday quarterly net income rose, helped by strength
in its risk management and financial segment and its
origination and processing segment.
AMR has 1st profit since before 9/11
AP - AMR Corp., parent of American Airlines, said Wednesday it swung to a fourth-quarter profit, aided by a cheaper fuel bill, and reported its first annual profit since before the 2001 terrorist attacks.
Apple posts record quarterly profit, but stock prices stumble
AFP - Apple's quarterly profit soared above one billion dollars as its iPod music players flew off shelves in the year-end holiday season but its stock price stumbled amid concerns about future revenues and a stock option probe.
Stock futures fall, more earnings due
AP - U.S. stock futures edged lower Friday after a solid but not spectacular set of results from tech stalwart International Business Machines, with investors also eyeing the quarterly financials from General Electric and Citigroup for signals that recent turnarounds in stock-market performance from the large-cap behemoths may accelerate.
NASD OK changes to join with NYSE
AP - Members of NASD have approved bylaw changes needed to combine with NYSE Group Inc. and form one organization to regulate U.S. securities brokers and dealers, NASD said Sunday.
Tokyo stocks rally ahead of tech earnings
FT.com - Japanese stocks rose in brisk early trading on Monday as investors prepared for a batch of earnings reports from technology companies like Olympus and other exporters likely to benefit from the prolonged weakness of the yen.
CSX 4th-quarter earnings rise 46 percent
AP - Railroad operator CSX Corp. says it's expecting a double-digit increase in earnings this year after reporting its fourth-quarter profit rose 46 percent, due in part to pricing power and strength in shipments of coal and agricultural freight.
EMC Profit Gains On Higher Systems, Software Sales
TechWeb - EMC Corp., the world's
largest maker of data storage equipment, said Tuesday its
quarterly profit more than doubled, helped by a tax gain and
strong sales of mid-range storage gear and software.
Hyundai Motor profit down on won, sales
Reuters - Hyundai Motor Co. (005380.KS), South
Korea's top auto maker, reported a surprise 8.6 percent drop in
quarterly operating profit on Thursday, hit by a stronger won
and weaker sales after partial strikes.
Frontier's 3Q net loss deepens
AP - Back-to-back holiday storms that punished Frontier Airlines in December and pushed its third-quarter loss deeper have lingered into January, the company's chief executive says.
China Southern Airlines says back in black
Reuters - China Southern Airlines
(600029.SS)(1055.HK), the country's largest carrier by
fleet size, said on Sunday that it had returned to the black
last year.
Verizon 4Q earnings drop but beats views
AP - Verizon Communications Inc. said Monday its fourth-quarter profit fell due to taxes on the sale of assets and costs related to a spinoff, but the results surpassed Wall Street estimates as the telephone company's cellular business added 2.3 million customers.
Tokyo stocks inch higher ahead of earnings
FT.com - Technology stocks led the overall market higher in the Tuesday morning session as investors bought exporters set to benefit from the weakening yen.
NYSE, Tokyo Stock Exchange set to announce alliance
AFP - The New York Stock Exchange and the Tokyo Stock Exchange, the world's top two equity markets, were set to unveil a strategic alliance spanning three continents and the world's largest economies.
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