After the closing bell Monday, Starbucks posted weaker than expected quarterly profits, with its net falling 97%. Its shares fell more than 8%.
The mirror of Circuit City
The coffee-shop operator has been focusing on restructuring efforts aimed at blunting the effects of slower store traffic and a weak economy, including shuttering 600 stores and introducing [...]
N AMERICAN MORNING BRIEFING: Analyst Ratings Changes
Last Update: 10/22/2008 6:36:31 AM
DJIA Futures 8869.0 -166.0 -1.8%
S&P 500 Futures 939.5 -19.8 -2.1%
Nasdaq Futures 1276.0 -16.5 -1.3%
Above are as of [...]
MBIA rallies on reinsurance deal
Bond, mortgage insurers gain early; investors mull Fannie shakeup
By John Spence, MarketWatch
Last Update: 8/28/2008 1:11:00 PM
BOSTON (MarketWatch) — Shares of mortgage and bond insurers rallied Thursday on
news that MBIA Inc. is in a deal to reinsure billions of dollars in municipal
bonds, showing the embattled bond insurer is able to attract new [...]
Among the premarket stories for Wednesday, Aug. 20, from AP Financial News:
NEW YORK (AP) — An analyst on Tuesday night recommended long positions on investment bank Morgan Stanley, saying it has a solid mix of business.
NEW YORK (AP) — RBC Capital Markets raised its outlook on Yamana Gold Inc. to “Outperform” from “Sector Perform” on [...]
Juniper names new CEO in shakeup
Kevin Johnson, ex-Microsoft exec, joins networking giant
By John Letzing, MarketWatch
Last Update: 7/24/2008 11:57:00 AM
SAN FRANCISCO (MarketWatch) — Juniper Networks named ex- Microsoft Corp.
executive Kevin Johnson its new CEO, just months after losing a well-regarded
manager to the software giant.
Johnson, who led the software giant’s failed bid to buy Yahoo Inc. (YHOO), [...]
Juniper names new CEO in shakeup
Kevin Johnson, ex-Microsoft exec, joins networking giant
By John Letzing, MarketWatch
Last Update: 7/24/2008 11:57:00 AM
SAN FRANCISCO (MarketWatch) — Juniper Networks named ex- Microsoft Corp.
executive Kevin Johnson its new CEO, just months after losing a well-regarded
manager to the software giant.
Johnson, who led the software giant’s failed bid to buy Yahoo Inc. (YHOO), [...]
By Sue Chang, MarketWatch
Last Update: 6/24/2008 6:29:00 PM
SAN FRANCISCO (MarketWatch) — Tech shares are expected to take center stage
Wednesday, with major companies scheduled to report earnings. Other familiar
names such as General Mills and Nike are also slated to detail their quarterly
results.
Research In Motion (RIMM), the maker of BlackBerry, is forecast to report
earnings of 85 cents [...]
Among the companies whose shares are seeing active trade in Thursday’s session
are Ford Motor Co. (F), Raytheon Co. (RTN), and Motorola Inc.’s (MOT).
Ford Motor Co. (F, $8.04, $0.52, 6.91%) swung to a first-quarter profit of $100
million, or 5 cents a share, amid cost reductions in North America and strong
profits in its international regions led by [...]
J.P. Morgan Chase, IBM, Sallie Mae, Wells Fargo
By MarketWatch
Last Update: 6:55 PM ET Apr 15, 2008
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to
see active trade in Wednesday’s session are J.P. Morgan Chase, IBM, Sallie Mae,
and Wells Fargo.
J.P. Morgan Chase (JPM), which recently bought a stake in Bear Stearns, is
projected to report [...]
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