AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
BUSINESS BRIEFS.(TO THE POINT)
RETAIL
Electronics Boutique cuts outlook
Shares of the gadget retailer fell 18% after it slashed its Q3 forecast by two-thirds to 5-6 cents a share. Same-store sales should fall 7% vs. prior forecasts of flat to 7% higher sales. It blamed weak hardware demand and slow software sales stemming from delays of big software titles. It sees $1.56-$1.66 for the year, 13% below views.
** Sony and game maker Electronic Arts recently warned, citing weak sales of Sony's PlayStation 2.
CONSUMER
Kellogg Q3 earnings rose 14%
The No. 1 U.S. cereal maker earned 56 cents a share, 4 cents over analyst views. Sales rose 6.8% to $2.28 bil, aided by a weaker dollar. Most of the gains came from cereals and health-oriented snacks; the cookies unit flagged. Kellogg raised its full-year EPS target by a penny to $1.89-$1.91 for the year vs. analyst views for $1.91. It sees '04 profit in line. Kellogg shares rose 5%.
- SHARES rose around the globe yesterday as investors reacted to what analysts...
- Newspaper article from: Irish Independent (Dublin, Republic of Ireland) May 28, 2009 700+ words
...march on rivals with Ulster Bank deal SHARES rose around the globe yesterday as investors...reported sales increased 4pc in the year to March. ELAN> Elan was up 1...of a recovery for the media sector next year, while Credit Suisse upped its ratings...
- Chinese shares rose 1.6 pct in morning session on Monday
- News wire article from: Xinhua News Agency September 7, 2009 700+ words
Chinese shares rose 1.6 pct in morning session on Monday BEIJING, Sept. 7 (Xinhua) -- Chinese shares went up 1.6 percent in the morning session...
- ITV shares rose as high [...]; Business IN BRIEF.(Business)
- Newspaper article from: Daily Record (Glasgow, Scotland) October 14, 2009 700+ words
ITV shares rose as high as eight per cent yesterday after...of the biggest months in the advertising year was much better than a predicted 10 per...20million to their profits forecast for this year. Yesterday's figures are an improvement...
- TelewesT'S shares rose slightly last week.
- Newspaper article from: Sunday Business (London, England) August 20, 2000 700+ words
TelewesT'S shares rose slightly last week. It has been a target for so long that if an approach is finally made it will probably come as a relief. At...
- AMD Sees Revenue Shortfall, Cuts Spending Plans; Updated: Advanced Micro...
- Magazine article from: eWeek Hillis, Scott April 9, 2007 700+ words
...the microprocessor maker's shares rose after it promised to slash this year's capital spending by one...and Intel." Still, Intel shares rose about 3 percent, on hopes...through any cash it raises this year, and this cash burn is what...
- DUBLIN stocks closed down as they broke ranks from their European peers, where...
- Newspaper article from: Irish Independent (Dublin, Republic of Ireland) July 23, 2009 700+ words
...ranks from their European peers, where shares rose for the eighth session on the trot, the...rally hit a new five-and-a-half-year high as the FTSE 100 Index also closed...start of the rally and by 28pc since its year low on March 3. Dublin's ISEQ was 17...
- The company said it has made a giant new oil discovery at its Tiber Prospect in...
- Newspaper article from: Belfast Telegraph September 8, 2009 700+ words
...discovery at its Tiber Prospect in the deepwater Gulf of Mexico that may contain more than three billion barrels. The company's shares rose 3.8% to Pounds 5.38, making it the biggest gainer in the FTSE 100. The latest discovery will help BP, already the...
- SpecOps Labs' shares rose to $1.10 in US stock market.(Infotech)
- Newspaper article from: Manila Bulletin June 4, 2004 700+ words
...the actual number is significantly more. The company is projecting a conservative revenue of $35 million in the first two years of its operation. This would be generated primarily through the PC original equipment manufacturers (OEM) and white box builders...
