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Archive for May 12th, 2009
Pfizer and Coke lift Dow, but Nasdaq off (Reuters)
Reuters - The Dow rose on Tuesday as investors scooped up defensive shares, including Pfizer , while energy companies’ stocks climbed as oil hit a six-month high.
Intel CEO says orders better than expected so far (Reuters)
Reuters - Intel Corp’s orders and billing patterns so far in the second quarter have been slightly better than expected, Chief Executive Paul Otellini said on Tuesday.
GM stock drops, Nissan posts losses amid downturn (Reuters)
Reuters - General Motors Corp shares hit there lowest level since the Great Depression on Tuesday and Nissan Motor Co (7201.T) posted a loss and expected more amid the deep global auto downturn.
Applied Materials posts loss as revenue tumbles (Reuters)
Reuters - The world’s largest chip equipment maker, Applied Materials Inc , posted a quarterly loss as cost cuts failed to fully offset a steep drop in revenue, and its shares fell 2 percent.
Sprint shareholders vote for power to call meeting (Reuters)
Reuters - Shareholders in Sprint Nextel Corp voted on Tuesday to give holders of 10 percent of shares outstanding the power to hold a special meeting, indicating they wanted a stronger voice.
No CommentsLondon stocks fall at open (AFP)
AFP - Stocks in London dropped at the open on Tuesday as weak corporate figures took a toll alongwith falls in Asia.
Freddie Mac seeks $6.1B in US aid after 1Q loss (AP)
AP - Mortgage giant Freddie Mac is looking for $6.1 billion in additional government aid as the cost to taxpayers from the housing market bust keeps growing.
No CommentsFreddie Mac asks for more US cash after loss (AFP)
AFP - Freddie Mac, the US mortgage finance giant seized by the government last year, said Tuesday it lost 9.9 billion dollars in the first quarter as it requested an increase in a government bailout.
Ackman says Target proxy not about him (Reuters)
Reuters - Hedge fund manager William Ackman introduced shareholders on Monday to his five nominees for the Target Corp board, promising their expertise could make the retailer a better company.
No CommentsGoogle digging deeper to improve search results (AP)
AP - Google Inc. is about to add more features to its already dominant Internet search engine and some of the changes could give Web surfers less reason to click through to other sites. That scenario might upset the creators of the material highlighted in Google’s results.
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