Stocks declined Tuesday, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter and HP issued a cautious outlook.
Tuesday, 24 Nov 2009 | Source: The Associated Press
Hewlett-Packard Co. shares slipped Tuesday after the computer and printer company's fourth-quarter results showed weakness in its core businesses and that growth in PC shipments were accomplished at lower prices.
U..S. stock index futures were mixed Tuesday after Monday's gains which gave the U.S. stock market a positive start towards continuing a historical trend.
Hewlett-Packard said a strong performance in China and improved profit margins in its services business helped drive quarterly earnings 14 percent higher.
Monday, 23 Nov 2009 | Source: The Associated Press
A rebound in purchases of personal computers worldwide will lead to a 2.8 percent increase in shipments this year, driven by sales of netbooks, according to a technology research firm.
Monday, 23 Nov 2009 | Source: The Associated Press
Despite a likely end-of-year slowdown in fixed-income trading, Goldman Sachs will top Wall Street expectations by cutting the percentage of sales it sets aside as compensation, an analyst said.
Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.
Monday, 23 Nov 2009 | Source: The Associated Press
Hewlett-Packard Co., the world's No. 1 personal computer and printer maker, was likely buoyed by a recovering PC market in the latest quarter but worries persist about the health of some of its other businesses.
A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.
Hewlett-Packard let the wind out of its sails a couple of weeks ago when it essentially pre-announced earnings with news of the 3Com acquisition... Read More