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Intel Boosts Semiconductors
Nov 22, 1:28 PM EST |
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| Genesco and H.J.Heinz posted profit increase, beating estimates. Tech Data and Albertso’s Inc missed estimatres, reporting income drop. |
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| U.S. stock averages have been weak, keeping below the unchanged mark as market has started consolidating gains, following an average 2.6% advance for the major indices so far in the fourth quarter. 1.7% surge in oil prices and uncertainty surrounding the release of this afternoon''s FOMC minutes have also helped cautious trading. |
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Stocks Slide on Profit-Taking
Nov 22, 10:48 AM EST |
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| PepsiCo Inc’s shares rose after it said it would buy Sara Lee Corp.'s European nut businesses for approximately $152 million. |
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| In earnings news today, H.J.Heinz posted Q2 profit increase of 60 cents a share on sales growth, beating estimates. Tech Data reported Q3 income drop of 40 cents per share, missing expectations. Genesco beat estimates with a profit rise of 61 cents a share. Albertso''s Inc. announced 30% quarterly drop blaming hurricanes, missed estimates. |
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Oil Jump Raises Concerns
Nov 22, 9:06 AM EST |
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| Crude oil jumped $1 on chilly weather forecast. Gold rose close to $500, near an 18-year high. The dollar climbed against major currencies. |
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| Asian-Pacific benchmarks closed largely lower, led by the biggest decliner South Korean Kospi, down by 2%. The Nikkei edged up 0.2% on strong dollar and exporter issues. European stocks were steady at mid-day. In earnings news today, H.J.Heinz posted Q2 profit increase of 60 cents a share on sales growth, beating estimates. Tech Data reported Q3 income drop of 40 cents per share, missing expectations. Genesco beat estimates with a profit rise of 61 cents a share. |
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