Tiffany & Co. reported a larger-than-expected quarterly profit as the upscale jeweler contained costs and benefited from stronger sales in Asia and Europe, sending its shares up 7.5 percent.
The latest economic data, as well as hardships in the banking sector, suggest that it is time investors shifted to a more prudent approach when it comes to stocks, and look for quality, BlackRock Vice Chairman Robert Doll told CNBC Wednesday.
Deere & Co, the world's largest maker of tractors and harvesters, reported a quarterly net loss on Wednesday on weak equipment sales and a series of one-time charges.
Wednesday, 25 Nov 2009 | Source: The Associated Press
Toyota Motor Corp. will replace gas pedals on 3.8 million recalled vehicles in the United States to address problems with sudden acceleration or the pedal becoming stuck in the floor mat, The Associated Press has learned.
Starbucks Corp sees China as its next major market after the United States as a taste for coffee and robust consumer spending fuel sales in the world's most populous nation, its China chairman said on Wednesday.
U.S. food makers H.J. Heinz and Hormel Foods Corp said they expect sales to rise in the coming months as consumers stick to more frugal habits such as eating meals at home instead of going out.
Hewlett-Packard said a strong performance in China and improved profit margins in its services business helped drive quarterly earnings 14 percent higher.
Tyson Foods posted higher-than-expected quarterly results on Monday on strength in its beef, pork and prepared foods businesses, which it expects to continue in its new fiscal year.
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