Member 117


HP seals EDS deal for $12.6 billion (Reuters)

14-05-2008 02h20
Reuters - Hewlett-Packard Co plans to buy technology outsourcing company Electronic Data Systems Corp to better compete against IBM , but Wall Street questioned whether the $12.6 billion deal for a slow-growing company was overpriced.

Oil price, financials hit Dow; techs lift Nasdaq (Reuters)

14-05-2008 06h02
Reuters - Blue-chip stocks declined on Tuesday as oil rose to another record and underscored concerns about inflation, while the Federal Reserve chairman said financial markets are still troubled.

Icahn mulls Yahoo proxy fight: report (Reuters)

14-05-2008 03h25
Reuters - Billionaire investor Carl Icahn is considering launching a proxy fight at Yahoo Inc , CNBC reported on Tuesday.

Electronic Arts top expectations, eyes share gains (Reuters)

14-05-2008 06h24
Reuters - Top video game publisher Electronic Arts Inc on Tuesday posted a quarterly profit that beat Wall Street expectations and said it expects to gain market share on the strength of upcoming titles like "Spore" and "The Sims 3."

Whole Foods acquisition crimps profit, shares fall (Reuters)

14-05-2008 06h30
Reuters - Whole Foods Market Inc on Tuesday posted lower quarterly net profit, missing analysts' estimates by a penny, as it booked charges related to its $565 million acquisition of rival Wild Oats Markets in August.

Retail sales dip but ouside of autos show strength (AP)

14-05-2008 06h16
AP - WASHINGTON — Consumers cut back on car-buying in April but boosted spending in a number of other areas, giving evidence of the economy's staying power in spite of soaring gasoline prices.

Bank of America sees higher home equity losses (Reuters)

14-05-2008 03h48
Reuters - Bank of America Corp on Tuesday increased its forecast for expected losses from home equity loans, citing the deteriorating U.S. housing market.

Bonds fall as retail sales stronger than expected (AP)

14-05-2008 06h37
AP - Treasury prices fell Tuesday as signs of modestly better-than-expected consumer spending and rising inflation made safe government securities less attractive to investors.
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