Member 1455


Cisco results beat forecasts but CEO cautious (Reuters)

07-05-2008 10h19
Reuters - Cisco Systems Inc gave a cautious business outlook on Tuesday, although its quarterly results exceeded expectations as rising Internet traffic fueled demand for network equipment.

Sprint, Clearwire to reveal $12 bln JV: sources (Reuters)

07-05-2008 09h53
Reuters - Sprint Nextel Corp and Clearwire Corp are near announcing a $12 billion joint venture with major cable operators to offer services based on WiMax, an emerging technology that could make wireless Internet ubiquitous, people close to the talks said on Tuesday.

Wall St climbs with Fannie and oil; Disney up late (Reuters)

07-05-2008 06h55
Reuters - Stocks rose on Tuesday as Fannie Mae's reassuring comments about the credit and housing markets buoyed financial shares, while record crude oil prices lifted shares of energy companies.

Paulson says markets emerging from crunch: report (Reuters)

07-05-2008 09h52
Reuters - U.S. Treasury Secretary Henry Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession, according to The Wall Street Journal.

Disney beats Wall Street on strong movies and parks (Reuters)

07-05-2008 08h57
Reuters - Walt Disney Co posted a better-than-expected 22 percent rise in profit as its movie studio scored hits with "National Treasure: Book of Secrets" and "Enchanted" and a weak U.S. economy failed to dampen theme park attendance.

Paulson says markets emerging from crunch: report (Reuters)

07-05-2008 09h52
Reuters - U.S. Treasury Secretary Henry Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession, according to The Wall Street Journal.

UBS to cut up to 5,500 more jobs (AFP)

07-05-2008 00h49
AFP - Swiss banking giant UBS said on Tuesday it could cut up to 5,500 more jobs within the next year as it struggles to recover after wracking up huge losses in the US subprime home loan crisis.

Wal-Mart expands low-price drug program; Target follows (AP)

06-05-2008 11h02
AP - Wal-Mart Stores Inc., the world's largest retailer, announced Monday it would expand its discounted prescription drug program to offer 90-day supplies for $10 and add several women's medications at a discount. It also said it would lower the price of more than 1,000 over-the-counter drugs.
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