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Japan's Sony lowered its sales target for digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen.
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Stocks advanced, led by a fourth straight rally in bank stocks after Bank of America beat expectations. News of a potential pharma deal also gave the market a boost.
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Apple earnings, which are scheduled to come out after the bell Monday, are expected to fall within a range of 99 cents and $1.17 a share, according to analysts surveyed by Thomson Financial.
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For eight years, Arnold Kim has been trading gossip, rumor and facts about Apple, the notoriously secretive computer company, on his Web site, MacRumors.com. Dr. Kim’s Web site now attracts more than 4.4 million people and 40 million page views a month, according to Quantcast, making it one of the most popular technology Web sites.
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European stocks were set to inch higher on Monday, extending a three-session rally, as investors brace for a flurry of corporate earnings from U.S. bellwethers such as Apple , Merck and Bank of America.
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Stocks are casting a wary eye on oil and, lacking any dramatic events, earnings news could steer the market.
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Stocks finished the day mixed, as disappointing earnings from Microsoft and Google dragged down techs, but gained 3.6 percent for the week, helped by a rally in bank stocks and a sharp drop in oil prices. Oil ended the week down 11 percent at $128.88 a barrel.
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For the week ending Friday, July 18, 2008, the U.S. markets saw extreme volatility yet settled higher on better-than-expected earnings results, a pullback in crude oil, and an indication that the Fed will hold interest rates steady. Nonetheless, the Dow had its best week since April 18 and its best 3-day percent gain since March 2003 even after closing below 11,000 for the first time since July 2006.
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Options action has revealed an interesting new development in tech ahead of earnings from Apple, Yahoo! and Amazon. Jon Najarian explains.
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Sixty eight million unique users watched YouTube videos in May, streaming 3.8 billion videos. TiVo's hoping this will be a key factor differentiating their service from all the other DVR services cable companies and the like now offer.
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With the frenzy of the new 3G iPhone release squarely behind us investors are focussed on those all important Apple earnings due next week.
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Apple is the latest company to find a silver lining in cloud computing. Its new MobileMe service ($100 a year) is an overhaul of a suite of Internet features that used to be called .Mac.
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These three strategies could put the economy back on track.
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For eBay, quarterly results are normally all about "beat and raise." Beat the Street's estimates in the current quarter, and raise guidance for the upcoming quarter. This time around, batting .500 just isn't good enough for the online auction powerhouse, especially when so many on the Street expected them to beat anyway.
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Stocks pushed higher as oil plunged for the second day in a row and financials staged an across-the-board rally that stemmed investor pessimism about the effects of inflation on the economy.
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Crude is down over $7 per bbl on today's economic news, its second biggest one day move in the past 25 years. Here are the biggest one day moves of oil since 1983.
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Chalk up to bad data, chalk it up to carelessness. Chalk it up to another way the media can mess with Apple and its investors. But no matter what, I take responsibility full responsibility for reporting the bad information. And it's unfortunate because my report really short-changed Apple and a truly extraordinary accomplishment.
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The Dow slipped on Monday as investors worried that plans to shore up the government sponsored mortgage companies won't be enough. What's the "Word on the Street?"
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Stocks finished lower, led by financials, as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.
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Financials led a market selloff as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.
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The stock rally triggered by the bailout of Fannie Mae and Freddie Mac fizzled within the first half hour of trading as Wall Street wonders if it will be enough to settle the turbulent housing market.