Technology is far from a recovery if you trust what the companies are telling you at face value. Just look at Intel Corporation (NASDAQ: INTC) and you will see why. The processor and chip beast just issued more downward numbers this morning and shares are paying the price. It now projected that its Q4 revenue was roughly $8.2 billion, down 20% from last quarter and down 23% from last year's Q4....
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Toyota halts production at all of its plants in Japan as it faces decling demand. … [visit site to read more] Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content.
Before the bell: Stocks to start lower following Alcoa cuts, ahead of jobs report
Wed, Jan 7, 7:45 AM ET
Filed under: Before the bell, International markets, Market matters, Alcoa Inc (AA), Economic data, OilU.S. stock market futures were lower Wednesday morning following metals giant Alcoa (NYSE: AA) announcement from late Tuesday it would be cutting production and jobs. Meanwhile, after warning that the nation could face trillion-dollar deficits for years to come, Obama vowed long-term fiscal di...
Fake profits shake Satyam. Satyam (SAY) shares are down over 70% in Indian trading after B. Ramalinga Raju, the company's founder and chairman, resigned and admitted over $1B of Satyam's balance sheet as of Sept. 30 was inflated non-existing cash and bank balances. In a letter to the board, Raju wrote that the inflated profits had accrued over the last several years and that he was making the ...
MOSCOW (Reuters) - Alcoa Inc , which is cutting aluminum production and jobs in the face of the global economic downturn, plans measures in Russia that will affect 18 percent of its workforce in the country, the company said on Wednesday.
This is the Third Quarter 2008 edition of our ongoing hedge fund portfolio tracking series. Before reading this update, make sure you check out the preface to the series we're doing on Hedge Fund 13F filings here. The other funds we've already covered include:
European indexes opened lower on profit-taking after the market's recent rally and as concerns surfaced over companies' fund-raising plans. London's FTSE lost 1.4%.
CES: Green Computers and Cell Phone Sales Dominate Peppy, Optimistic Opening Talk
Tue, Jan 6, 8:05 PM ET
It’s just about time to troll the floor at the Venetian Ballroom at the hotel of the same name in Vegas, as the Consumer Electronics Show kicks off with a preview of gadgets for press. Before we do, I thought I’d offer a few thoughts from this afternoon’s opening discussions, led by representatives from the Consumer Electronics Association (CEA), the trade body that puts on the show. In general...
NEW YORK (Reuters) - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn.