Apr 20, 2009 12:14 PM ET
BB&T Corporation led the decliners in the S&P 500 index with a loss of 12.5%. Bank of America Corporation sinks despite profit beat. Coca-Cola Enterprises Inc rises on beverage industry consolidation. Weatherford International Ltd first quarter profit drops.
Apr 20, 2009 4:58 PM ET
Sun Microsystems agreed to be acquired by Oracle for $7.4 billion two weeks after IBM walked away from the deal. The deal will test alliances between Oracle and other two server makers HP and Dell. Oracle for the first time will sell hardware and software.
Apr 20, 2009 10:17 AM ET
The bank holding company reported net revenues increased 13% to $9.4 billion in the quarter. Net quarterly income rose 20% to $1.8 billion helped by record revenues in fixed income, currency and commodities unit. Earnings per share rose to $3.39 from $3.23 a year-ago quarter.
Apr 19, 2009 6:01 AM ET
The apparel retailer total quarterly sales declined 23% to $327.9 million on comparable store sales fall of 24.6%. Net loss plunged 113% to $366.5 million in the quarter. The company lost $6.85 a share compared to a loss of $3.22 a year-ago quarter.
Apr 18, 2009 11:28 PM ET
Google first quarter revenue rose 41% to $5.19 billion and net income rose 31% to $1.31 billion. Earnings per share came in at $4.12 as against $3.18 a year earlier. Free cash flow was a touch shy of $2 billion.
Apr 18, 2009 11:24 PM ET
Micron second quarter net sales declined 27% to $993 million due to slump in demand and prices. Micron reported a net loss of $751 million or $0.97 per diluted share for the quarter, compared to a loss of $777 million or $1.01 per share in the prior year quarter.
Apr 18, 2009 4:54 AM ET
The discount retailer quarterly sales increased 8.7% to $1.99 billion on comparable store sales rise of 6.4%. Net income surged 33% to $84.1 million in the quarter. Earnings per share rose to 60 cents from 45 cents a year-ago quarter.
Apr 17, 2009 5:02 PM ET
Banks rallied on the hopes that adjusted earnings are better than GAAP earnings and Citigroup reported its first quarterly earnings in six quarters. Gazprom, Russian gas giant raised $2.5 billion in international bond offering, first from Russia in nine months. Carrefour quarterly sales declined.
Apr 17, 2009 4:59 PM ET
In Australian trading, the focus was still on currencies as stocks were unchanged. The currencies of Australia and New Zealand continue to slide after the weak economic report from China. The retailer Woolworths third quarter sales rose 6.5% on same store sales gain in Australia of 8.8%.
Apr 17, 2009 2:16 PM ET
Bank of Japan reported that economic conditions in each of nine metrics deteriorated with exports and business fixed investment leading the decline. Cabinet office reported today that the countries confidence index advanced to 28.9 in March from 26.7 the previous month.