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Outlook 07

  • The Next 100 Hours in Congress: What Happens Now?

    Democrats made a very big deal about all the bills they passed in the House during the first 100 hours of the new Congress. Their legislation addresses key business issues, such as taxes, energy and the minimum wage. Seems like a lot in a short time, but guess what? The next 100 hours might be even more important. CNBC’s Sue Herera found out why.

  • Slower Corporate Profits Shouldn't Worry Investors: Market Pros

    "For the casual observer, it looks worrisome," said John Massey, senior portfolio manager of large-cap growth portfolios at AIG SunAmerica. "But for market participants who have looked forward, it shouldn't be too much of a surprise. We think the economy is (still) strong fundamentally."

  • Ford Sees Retail Sales Up in May, Aided by Crossover Vehicle Sales

    A Ford Motor  official predicts that his company's overall U.S. sales will drop in May, but its retail sales to individual buyers will show a year-over-year monthly increase for the first time since October of 2006.

  • Bed Bath & Beyond Cuts Guidance; Moody's Raises Outlook

    Bed Bath & Beyond warned that its first-quarter earnings would be below Wall Street's consensus estimate. This morning Goldman Sachs cut its rating on the retailer to neutral from buy and lowered its price target by $5 to $40.

  • Alliance & Leicester Names New CEO, Bullish on Profit Growth

    Alliance & Leicester, a British bank, said Wednesday it expects operating profit to be at the top end of the range of analysts' forecasts and revenue growth in the first half to be significantly higher than in the year-ago period.

  • Lear Increases 2007 Earnings Targets on Back of Weaker Dollar

    Auto parts supplier Lear raised its financial outlook Tuesday due to better-than-expected production levels of light trucks and the benefits of its ongoing restructuring.

  • PartyGaming Confident About Full-Year Prospects

    Online gaming company PartyGaming said it was confident about prospects for 2007 after the second-quarter financial performance met its expectations, sending its shares higher on Monday.

  • Greene King Plans Pub Property Deal, Shares Rise

    British Brewer Greene King offered shareholders a 100 million pounds ($202 million) special payout on Tuesday via a planned spinoff of around a third of its pubs, boosting its shares by 8%.

  • U.K.'s Wetherspoon on Track as Sales Rise

    Pub group JD Wetherspoon said on Wednesday it was on track to meets its financial forecasts for the year, helped by a 4.9% rise in sales in the last 11 weeks.

  • Heineken Doubles Full-Year Organic Net Profit Forecast

    Heineken has doubled its forecast for organic net profit for the full-year of 2007, the company said in a press release.

  • Rieter First-Half Beats Forecasts; Confident for Full Year

    Rieter Holding said its first-half net profit rose 42% to 116.7 million Swiss francs, beating analyst forecasts, with the company citing a favorable investment climate in the Asian textile industry and market share gains in the automobile industry in Western Europe and North America.

  • Germany's IKB Restructures, Eyes $1 Billion Net Loss

    Germany's IKB said on Monday it would return to its small-company lending roots, and expects to lose nearly $1 billion this year after its U.S. subprime investments turned sour.

  • Housing Slowdown Won't Hurt Saint-Gobain Earnings

    A collapse in the US housing market is so far having a limited impact on Saint-Gobain's activity, the head of the world's biggest building materials group said, confirming the group's financial targets.

  • Petsmart Cuts Profit Forecasts, Shares Fall

    Petsmart cut its third-quarter and 2007 earnings forecasts Wednesday, citing weak consumer spending and warmer-than-usual weather, sending its shares down nearly 11% pre-market trading.

  • Suedzucker Increases Full-Year Operating Profit Forecast

    Suedzucker raised its guidance for its current 2007/2008 financial year on Thursday after forecast-beating sales and earnings results in the second quarter.

  • Fiat Raises Full-Year Targets

    Fiat said Wednesday that net profit more than doubled in the third quarter, leading it to raise its full-year targets on a strong performance by its core auto division and good results in its truck and farm machinery operations.

  • Nestle Sees 2007 Sales Well Above $86.58 Billion

    Nestle expects full-year sales to be well above 100 billion Swiss francs ($86.58 billion) this year, the head of the world's largest food group was quoted as saying over the weekend.

  • EU Sees Euro Zone Growth Slowing, Inflation Steady

    Euro zone economic growth will be slightly better than expected this year thanks to a robust third quarter, but financial market turbulence will slow it next year and in 2009, the European Commission said on Friday.

  • Gucci Sees Double-Digit 2007 Growth, New Asia Stores

    Luxury goods maker Gucci, owned by French retailer PPR sees double-digit growth in 2007 and aims to open more stores in Asia and eastern Europe, the label's chief executive, Mark Lee, said on Tuesday.

  • H&R Block
    H&R Block Shares Fall; Sees Wider Loss Ahead

    H&R Block, the nation's largest tax preparer, said in a preliminary earnings report Tuesday that it expected a huge second-quarter loss as it continued to wrestle with its disintegrating mortgage arm.