Nikkei Shoots to Fresh Highs After US Rally
Emerson Electric Co
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Discount retailer Ross Stores is an "above the ground gold mine" for investors, said George Schwartz, president and CEO of "socially responsible" Ave Maria Funds.
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**ARUBA NETWORKS INC, $17.83, down 19 pct. **RUCKUS WIRELESS INC, $14.88, down 22 pct. **MERU NETWORKS, $4.19, down 11 PCT.
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ST. LOUIS-- Emerson Electric, citing a "deterioration in business confidence" from customers, fell short of Wall Street expectations during its second quarter and shares slipped Tuesday as the company trimmed its outlook for the year. The St. Louis company earned $561 million, or 77 cents per share. Wall Street was looking for revenue of $6.65 billion.
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**MBIA INC, $14.98, up 5 pct. **BANK OF AMERICA CORP, $13.06, up 1.4 pct. Bank of America has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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NEW YORK, May 7- U.S. stocks edged up on Tuesday with the S&P 500 setting yet another record, led by gains in energy and tech sectors. The Nasdaq Composite Index was up 2.83 points, or 0.08 percent, at 3,395.80. ( (For multimedia versions of Reuters Top News: 3000 Xtra: visit BridgeStation: view story. 134==============================================================.
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*S&P 500 coming off three days of gains, record close. *Investors looking for catalysts after rally. NEW YORK, May 7- U.S. stocks edged higher on Tuesday as the positive tone in markets continued but investors found little reason to push shares decisively higher after the S&P 500 hit another record close.
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**ARUBA NETWORKS INC, Monday close $22.05, down 20 pct pre market. **MICROSOFT CORP, Monday close $33.75.
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*S&P 500 coming off three days of gains, record close. *Investors looking for catalysts after rally. NEW YORK, May 7- U.S. stock index futures pointed to slight gains at the open on Tuesday after the S&P 500 hit another record high, but investors found little reason to push shares higher.
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**MICROSOFT CORP, Monday close $33.75.
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*S&P 500 coming off three days of gains, record close. NEW YORK, May 7- U.S. stock index futures were little changed on Tuesday after the S&P 500 extended its string of record closes in the previous session and has in five months matched all of 2012' s gains.
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**MICROSOFT CORP, Monday close $33.75.
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**ARUBA NETWORKS INC, $17.83, down 19 pct. **RUCKUS WIRELESS INC, $14.88, down 22 pct. **MERU NETWORKS, $4.19, down 11 PCT.
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Discount retailer Ross Stores is an "above the ground gold mine" for investors, said George Schwartz, president and CEO of "socially responsible" Ave Maria Funds.
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General Electric has made tremendous progress over the past few years and the increase in the company's share price has led to a downgrade by Nomura Securities analyst.
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It's a stock-picker's market, Stephen Weiss of Short Hills Capital says.
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Michael Dell will take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, a deal that allows the billionaire chief executive to attempt a revival of his struggling computer company without Wall Street scrutiny. (DELL-BUYOUT/, moving shortly, by Poornima Gupta, 1,300 words).
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Feb 5- Diversified U.S. manufacturer Emerson Electric Co met Wall Street profit forecasts for the first quarter and said it sees signs that demand for its industrial products may be picking up. Sales growth in Asia, where Emerson was still shipping goods delayed by floods in Thailand in 2011, and in the United States, offset a 2 percent decline in Europe.
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Feb 5- Diversified U.S. manufacturer Emerson Electric Co reported a 22.4 percent rise in quarterly profit on Tuesday, helped by shipments of equipment that had been delayed by heavy flooding in Thailand in fall 2011..
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The company, whose products include industrial controls, uninterruptible power supplies and home-storage equipment, said net income attributable to common shareholders came to $454 million or 62 cents per share, in the first quarter ended on Dec. 31, compared with $371 million, or 50 cents per share, a year earlier.
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*Adjusted profit $1.23/ share vs $1.27 Wall Street view. Jan 30- Rockwell Automation Inc reported a steeper-than-expected 12 percent drop in quarterly profit on weak demand, particularly in China, for its systems that help factories run more smoothly.
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MUNICH, Jan 23- German industrial bellwether Siemens said it would stick with its focus on cost cuts to catch up with peers such as General Electric as a weak global economy saps demand for factory equipment.