Shares of technology bellwether Cisco Systems Inc fell 8 percent in pre-market trade Thursday, a day after CEO John Chambers' comments about an uncertain economy spooked investors, prompting at least one brokerage to cut its rating on the stock.
The dollar teetered toward a 15-year low against the yen on Wednesday after the Federal Reserve gave a more pessimistic assessment of the weakening U.S. economy, while technology plays dragged Asian stocks lower.
Dish Network Corp said it lost satellite television customers in the second quarter due to intense competition and consumers struggling with the economic downturn.
Global commodity prices have begun to soften as China's economic juggernaut slows. The prices of steel, zinc and aluminium have fallen in the past three months. China's manufacturing sector growth rate has dropped to February 2009 levels, when global markets had just bottomed out after the Lehman impact. While absolute price levels still remain above the year-ago levels, the softening of commodity prices is expected to impact Indian companies in coming quarters.
The Washington Post Co's quarterly profits quadrupled, but its shares dived as much as 8 percent as the company said the proposed U.S. Department of Education regulations could hurt its Kaplan education unit, which accounts more than 60 percent of its revenue.
Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia.
Stocks were set for a lower open on Friday after data showed the economy shed far more jobs than expected last month, exacerbating worries the path to economic recovery would be rocky.
The cost of borrowing dollars in Asian interbank markets fell to a three-month low on Thursday after recent poor economic data fuelled expectations the Federal Reserve would resume buying Treasuries to support liquidity.
Concerns about new banking regulations and a shaky economic recovery tempered optimism over improving results from more of Europe's top banks on Wednesday.
More of Europe's top banks beat earnings forecasts on Wednesday, as bad debts shrank more than expected in the first half, outweighing a slowdown in investment banking, which was hit by sovereign debt fears.
Global shares fell and the dollar headed toward a 15-year low against the yen on Wednesday on growing concern about the U.S. economy as recent data has sparked talk of more monetary easing by the Federal Reserve.
Japanese stocks fell behind their Asian peers and slid 2 percent on Wednesday as the yen climbed toward 15-year highs against the U.S. dollar after weak U.S. data spurred talk of more Federal Reserve easing.
Contracts for pending sales of previously owned U.S. homes fell to a record low in June as buyers sat on the sidelines, a survey from the National Association of Realtors showed on Tuesday.
U.S.-listed shares of Research in Motion fell 2.4 percent on Monday after the United Arab Emirates threatened to suspend services for its BlackBerry smartphone users due to security concerns.
Hyundai Motor reported its weakest monthly sales in five months on Monday, as foreign sales slowed on easing demand growth from major markets such as China and the United States.
HSBC's half-year profit more than doubled from a year ago to easily beat analysts' expectations as bad debts at Europe's biggest bank fell to their lowest level since the start of the financial crisis.
New claims for unemployment benefits slipped last week, but stayed at a stubbornly high level that underscored the labor market recovery was having trouble gaining traction.
New U.S. claims for unemployment benefits fell slightly more than expected last week, offering a ray of hope for the anemic labor market recovery.
Wall Street was set to open higher on Thursday, following two days of declines for the S&P 500, after weekly jobless claims fell, offering hope for the anemic labor market recovery.
New U.S. claims for unemployment benefits fell slightly more than expected last week, government data showed on Thursday, offering a ray of hope for the anemic labor market recovery.
Platinum supply is set to suffer setbacks in the coming months with two major producers facing problems in South Africa.
Thomson Reuters Corp reported lower quarterly profit and revenue that were slightly below Wall Street expectations, but said sales trends pointed to a return to revenue growth this quarter.
