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U.S. stock indexes erase gains as staples hit
NEW YORK (MarketWatch) -- U.S. stocks turned mostly lower on Thursday, with consumer-staples the hardest-hit sector, as investors found reason for caution in a largely stellar earnings season. Shares of Colgate-Palmolive Co. were down 8% after the world's largest toothpaste maker missed second-quarter revenue estimates. The Dow Jones Industrial Average fell 23.61 points to 10,468.06. The S&P 500 ...
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Citrix shares hit 10-year-high following results
Citrix Systems Inc.’ stock jumped to its highest levels in more than a decade on Thursday, as the software maker reported better-than-expected revenue for the second quarter and raised its forecast for the rest of the year.
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Japan shares end down as yen's rise hits exporters
HONG KONG (MarketWatch) -- Japanese shares ended lower for a second straight day on Friday as exporters were broadly hurt by a stronger yen and as Nintendo Co. dropped after posting a quarterly loss. The Nikkei Stock Average closed 1.6% lower at 9,537.30 and the broader Topix gave up 1.4% to 849.50. Shares of Canon Inc. lost 0.8% and Elpida Memory Inc. sank 4.3%, while Nintendo Co. skidded 1.8 ...
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Before the Bell: Jobless claims, Exxon Mobil, Motorola in spotlight
U.S. stock futures pointed to opening gains on Wall Street, as strong earnings from Exxon Mobil and news that the number of people applying for initial state unemployment-insurance benefits last week fell 11,000 to 457,000 added support to investor sentiment.
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Japan shares trade down, but Sony, Panasonic gain
LOS ANGELES (MarketWatch) -- Japanese shares came under early selling pressure Friday, reacting to overnight U.S. losses and some weak data locally, with the Nikkei Stock Average dropping 1% to 9,600.6, and the broader Topix down 0.9% at 853.6. Before the market open, government figures showed a worse-than-expected jobless rate and industrial production reading. Tech shares were mostly lower ...
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Noble off 2.9%; Share overhang concerns: Daiwa
Selling pressure on Noble Group (N21.SG) not letting up as controlling shareholder Richard Elman’s decision to step down as chairman raises concerns he may offload some shares, says Dow Jones. Stock off 2.9% at $1.67 with volume at 4-week high, may hold above $1.63, based on orderbook quotes. Read more...
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Exxon Mobil production continues despite ban
NEW YORK (MarketWatch) -- Exxon Mobil said it plans to buy back about $3 billion in stock in the third quarter. Speaking on a conference call with analysts, Vice President of Investor Relations David Rosenthal said the drilling moratorium in the Gulf of Mexico isn't impacting production. Exxon Mobil still plans to drill a new exploratory well in Brazil in the third quarter, he said. The company ...
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Suncor Energy shares up on jump in profit, revenue
SAN FRANCISCO (MarketWatch) -- Shares of Suncor Energy Inc. added 2% on the Toronto Stock Exchange Thursday after the Calgary-based oil sands and natural gas company reported second quarter earnings earlier in the session. Suncor swung to a profit in its second quarter, reporting a net income of C$480 million, or 31 Canadian cents a share, up from a loss of C$51 million, or 6 Canadian cents a ...
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Asia shares trade mostly down but off session lows
LOS ANGELES (MarketWatch) -- Asian stock markets traded mostly lower midday Wednesday, though off their lows of the session. Japanese equities were the worst performers among the major Asian markets. The Nikkei Stock Average was down 0.3% in the early afternoon, dragged down by weakness in telecoms and retailers -- among other sectors -- but recovering from its 1% loss at the open. Nippon ...
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PMI shares drop 15% after quarterly results
BOSTON (MarketWatch) -- Shares of PMI Group Inc. were among the steepest percentage decliners on the New York Stock Exchange in midday trading Thursday, dropping 15% after the mortgage insurer reported another quarterly loss. After charges, PMI said its second-quarter loss was 88 cents a share, compared with the consensus estimate of a loss of 65 cents a share. Market Pulse Stories are Rapid ...
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Australia shares slip, as Macquarie warning weighs
LOS ANGELES (MarketWatch) -- Australian shares lost ground early Friday, with financials lower after overnight Wall Street losses and a profit warning from Macquarie Group Ltd. weighed on the sector. The benchmark S&P/ASX 200 rose 0.6% to 4,498.6, with Macquarie Group stock down 4.7% after it said three of its key units would see a drop in profits for the fiscal first quarter. Other financial ...
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LSI Corp. shares touch new 52-week low
NEW YORK (MarketWatch) -- Shares of LSI Corp. hit a new 52-week low on Thursday, dropping 13.5% in recent trading to $4.09 each. The stock was the biggest decliner within the S&P 500 Index . The semiconductor developer reported a swing to second-quarter profit late Wednesday, matching an average estimate of 11 cents a share on an adjusted basis, according to FactSet Research. Despite returning ...
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Kindle first impressions: It's all good
Well, now we know why Amazon's stock of Kindle 2 e-readers evaporated so quickly. Just hours after I wrote about the devices being out of stock, Amazon announced a new model of its popular e-reader. The device, called simply the Kindle, is available for pre-order now and will ship August 27. While most of us will have to wait a month to get our hands on the new gadget, a few lucky bloggers and ...
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NYSE Amex:Cisco Trades That Triggered Halt Will Stand
(Adds additional information on the trades from NYSE spokesman, updates with closing price, in the fourth through sixth and seventh paragraphs.) After trading was halted in Cisco Systems Inc. CSCO for five minutes Thursday morning due to a single-stock circuit breaker, NYSE Euronext's NYX NYSE Amex said it would let the trades that had triggered the halt stand.
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NYSE Amex Says Cisco Trades That Triggered Halt Will Stand
NEW YORK (MarketWatch) -- After trading was halted in Cisco Systems Inc. (CSCO) for five minutes Thursday morning due to a single-stock circuit breaker, NYSE Euronext's (NYX) NYSE Amex said it would let the trades that had triggered the halt stand.
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