Member 2388


Microsoft profit outlook misses view, shares fall (Reuters)

18-07-2008 07h41
Reuters - Microsoft Corp posted a lower-than-expected quarterly profit and outlook for its current quarter on Thursday, citing a "tough" environment, and its shares fell 6 percent.

Home starts up on one-time event, still weak (Reuters)

18-07-2008 07h21
Reuters - Housing starts took a surprising jump in June, the government reported on Thursday, but only because of a change in New York's building code that briefly obscured a drop in single-family home-building.

Google earnings disappoint and shares drop 8 percent (Reuters)

18-07-2008 09h02
Reuters - Google Inc reported a weaker-than-expected 35 percent rise in net profit as the company blamed lower returns from managing its huge cash pile rather than softening sales of online advertising.

IBM profit tops targets, forecast up (Reuters)

18-07-2008 08h08
Reuters - IBM reported a 22 percent rise in quarterly profit, blowing past Wall Street targets and raising its 2008 forecast, as emerging markets used its services, software and equipment to expand and larger countries turned to technology to save money.

Merrill posts $4.9 billion loss, sells Bloomberg stake (Reuters)

18-07-2008 08h53
Reuters - Merrill Lynch & Co posted a much larger-than-expected $4.89 billion quarterly loss on Thursday after writing down soured debt, and unveiled plans to sell billions of dollars of assets -- including a part of its lucrative brokerage business -- to shore up capital.

Google's Q2 Profit Falls Shy Of Views Amid Soft Economy (Investor's Business Daily)

18-07-2008 08h00
Investor's Business Daily - Google (NasdaqGS:GOOG - News) apparently isn't recession-proof.

Economy - Thursday (Investor's Business Daily)

18-07-2008 07h46
Investor's Business Daily - Home loan rates fell over the last week as Treasury yields fell sharply amid financial woes and views that the Fed won't hike rates this year. The 30-year fixed-rate mortgage fell to 6.26% for the week ended July 17 from 6.37% a week earlier, Freddie Mac said. The 15-year fixed-rate fell 13 basis points to 5.78% this week. The 5-year Treasury-indexed adjustable-rate mortgage edged down to 5.8%, while the 1-year ARM fell 7 ticks to 5.10%. Treasury yields have picked up in the last few days.
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