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Business News News Archive - Political Yard

Disappointing Dell earnings, oil weigh on Wall Street

Posted on Aug 29, 2008 - 10:05 am
Reuters - Stocks fell on Friday after the previous session's sharp gains, as the price of oil rose and computer maker Dell posted a surprisingly steep drop in quarterly earnings.

Reuters

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Delphi liquidation looms large: report
Posted on Aug 29, 2008 - 12:01 am - Reuters
Reuters - Bankrupt U.S. auto parts maker Delphi Corp may end up being liquidated, with some U.S. plants being taken over by its former parent General Motors Corp , the Wall Street Journal said, citing people involved in the bankruptcy process.

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Dell profits disappoint as tech spending weakens
Posted on Aug 28, 2008 - 7:00 pm - Reuters
Reuters - Dell Inc posted a surprisingly steep drop in quarterly earnings on Thursday and said companies around the world are cutting back on technology spending, sending its shares tumbling 10 percent and sparking fears of weakness in the whole tech sector.

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Dell earnings disappoint, tech spending seen weak
Posted on Aug 28, 2008 - 5:00 pm - Reuters
Reuters - Dell Inc posted a surprisingly steep drop in quarterly earnings and said companies around the world are cutting back on technology spending, sending its shares tumbling and sparking fears of weakness in the whole tech sector.

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Dell misses Wall St target, sees spending cutbacks
Posted on Aug 28, 2008 - 4:00 pm - Reuters
Reuters - Dell Inc posted a disappointing drop in quarterly earnings and said spending cutbacks on information technology have spread from the United States to Western Europe and Asia, sending its shares down more than 10 percent.

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Delta taps $1 bln loan ahead of Northwest merger: report
Posted on Aug 25, 2008 - 10:46 pm - Reuters
Reuters - Delta Air Lines Inc said it tapped a $1 billion loan ahead of its planned merger with Northwest Airlines Corp and renegotiated its credit-card agreement to ensure revenue is turned over in a timely manner, the Wall Street Journal reported on Monday.

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Daimler denies planning second Smart car plant
Posted on Aug 25, 2008 - 5:42 am - Reuters
Reuters - German car maker Daimler AG (DAIGn.DE) does not intend to build another factory for its Smart brand minicars, the company said on Monday, denying a German magazine report.

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Dow and S&P end higher, helped by energy shares
Posted on Aug 21, 2008 - 3:36 pm - Reuters
Reuters - The Dow and S&P 500 rose on Thursday as surging oil prices propelled energy shares higher even as fresh fears of more credit losses on Wall Street kept gains modest and pushed the Nasdaq into negative territory.

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Daimler denies trucks spinoff being mulled
Posted on Aug 21, 2008 - 6:35 am - Reuters
Reuters - Daimler AG (DAIGn.DE) denied a magazine report on Thursday that it was considering more job cuts and may spin off its market-leading trucks business as a way to help boost its weak share price.

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Daimler weighs more job cuts, trucks spinoff: report
Posted on Aug 21, 2008 - 4:34 am - Reuters
Reuters - Daimler AG (DAIGn.DE) is considering more job cuts and a bourse listing for parts of its market-leading trucks business, Germany's Manager Magazin reported on Thursday without citing its sources.

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Dollar mostly higher despite sluggish retail sales
Posted on Aug 13, 2008 - 5:00 pm - AFP
AFP - The dollar was mostly higher against other major currencies Wednesday despite a report showing US retail sales fell in July as consumers tightened their belts.

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Dollar halted as oil leaps higher, soars vs. pound
Posted on Aug 13, 2008 - 1:59 pm - AP
AP - Oil's $3-dollar jump Wednesday threw the dollar back down a bit against the euro, but the rout of the British pound continued in the face of England's economic woes.

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Dollar up despite retail data; soars vs. pound
Posted on Aug 13, 2008 - 10:58 am - AP
AP - The release of U.S. retail sales and oil's turn up didn't halt dollar momentum Wednesday, and the rout of the British pound continued amid England's economic woes.

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Deere profit, sales fall short of estimates
Posted on Aug 13, 2008 - 7:58 am - Reuters
Reuters - Deere & Co , the world's largest maker of farm machinery, reported lower-than-expected sales and profits in the latest quarter and said raw material costs would hurt profits in the fourth quarter, sending shares down almost 9 percent in pre-market trading.

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Deere profit falls short of estimates
Posted on Aug 13, 2008 - 6:58 am - Reuters
Reuters - Deere & Co , the world's largest maker of farm machinery, reported a lower-than-expected profit in the latest quarter and said raw material costs would hurt profits in the fourth quarter, sending shares down 6 percent in pre-market trading.

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Dow, S&P 500 fall on credit worries
Posted on Aug 12, 2008 - 10:55 am - Reuters
Reuters - The Dow and S&P 500 fell on Tuesday as financial shares tumbled on worries about further credit losses, overshadowing a decline in the price of oil.

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Drugmakers protest plan on legal costs: report
Posted on Aug 12, 2008 - 12:52 am - Reuters
Reuters - Six leading drugmakers sent a letter Friday to U.S. accounting-rule lawmakers objecting to a proposed rule that would require companies to disclose estimate costs of all continuing litigation, the Wall Street Journal said Tuesday.

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Dollar, Amazon.com lift tech; Dow, S&P 500 flat
Posted on Aug 11, 2008 - 10:50 am - Reuters
Reuters - The Nasdaq composite index edged higher on Monday as the stronger dollar boosted the allure of U.S. investments and Citigroup projected strong sales for Amazon.com Inc's electronic book reader.

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Dow jumps 300 points as oil prices dive
Posted on Aug 11, 2008 - 3:48 am - AFP
AFP - US stocks ended in a rally Friday, with the Dow Jones Industrial Average rocketing 302 points, as world oil prices dived, soothing fears that fresh inflationary pressures could singe an already ailing economy.

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Demand for minerals and metals boost Vale, Xstrata net
Posted on Aug 06, 2008 - 8:28 pm - Reuters
Reuters - Robust demand for minerals and metals boosted Vale's net income to a record in the second quarter and helped its former takeover target, Xstrata, beat expectations for its first-half earnings.

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Dow rises as S&P flat on lower oil
Posted on Aug 04, 2008 - 2:18 pm - Reuters
Reuters - NEW YORK (Reuters) -The Dow rose on Monday, and the S&P 500 briefly turned higher as the price of oil fell, easing some concerns about inflation and the impact of higher fuel costs on consumer spending.

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DISH loses subscribers as competition stiffens
Posted on Aug 04, 2008 - 9:17 am - Reuters
Reuters - U.S. satellite television provider DISH Network Corp reported a surprise drop in subscribers in the second quarter as it lost ground to cable and phone competitors.

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