United Parcel Service Inc reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn has caused fewer packages to be shipped, sending its shares down as much as 7.5 percent.
United Parcel Service Inc reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn has caused fewer packages to be shipped, sending its shares down as much as 7.5 percent.
Toyota Motor Corp said on Thursday its group-wide sales fell 27 percent to 1.767 million vehicles in the first quarter of 2009, keeping it ahead of Volkswagen AG as the world's top-selling carmaker.
Business software maker VMware Inc warned that its revenue would dramatically miss Wall Street forecasts due to the weak economy and a new product launch, sending its shares down 14 percent.
Roche Acquired drug Avastin fails cancer study, shares fall
Shares of Roche Holding’s were slammed Tuesday after its acquired Genentech Avastin drug for cancer failed study in an effort to lower the risk of the colon- cancer.
Wall Street was poised for a lower open on Wednesday as investors took in a slew of mixed results from major companies and a quarterly loss from Morgan Stanley increased jitters over the financial sector.
Morgan Stanley posted its second straight quarterly loss on Wednesday and slashed its dividend as real estate investment losses and a charge from the improving value of it own debt wiped out gains in its trading businesses.
Morgan Stanley reported on Wednesday first-quarter net revenue of $3.0 billion and a net loss of $0.57 per diluted share. The bank's shares fell 4.1 percent before market open.
AT&T Inc posted a decline in quarterly profit on Wednesday but beat Wall Street estimates as growth in wireless and video services helped offset declines in its traditional telephone business.
Cancer drug Avastin -- a key Genentech asset now wholly owned by Roche Holding AG -- has failed in a major study to prevent the recurrence of colon cancer in patients who have undergone surgery.
Capital One Financial Corp , a leading issuer of MasterCard and Visa credit cards, reported a first-quarter loss on Tuesday, hurt by growing credit losses, and higher provisions for bad loans.
The New York Times Co reported a quarterly loss on Tuesday because of a 27 percent drop in advertising revenue and poor performance at The Boston Globe, which might close this year.
Diversified U.S. manufacturer United Technologies Corp reported a 27.8 percent fall in quarterly profit as a slumping economy crimped demand for its jet engines and air conditioners.
Chemical maker DuPont reported a 59 percent fall in quarterly earnings, cut its full year 2009 earnings forecast due to weak demand, and said it will undertake additional cost cutting measures.
IBM reported a bigger-than-expected fall in quarterly sales, showing that even one of the healthier U.S. technology companies was being hurt by a slowdown in corporate spending.
Wall Street was set to fall at the open on Monday on worries that problems persist for the struggling banking sector and after Bank of America's results relied heavily on one-time items as credit quality deteriorated markedly.
Stock index futures extended losses on Monday as investors fretted about the health of the financial sector and after Bank of America's results relied heavily on one-time items as credit quality deteriorated markedly.
Media General Inc reported a wider net loss on Friday and an 18 percent drop in revenue because of falling newspaper advertising sales, sending its shares down 10 percent.
The struggling cellphone market has not yet touched bottom, the chief financial officer of top mobile phone maker Nokia was quoted as saying on Friday.
Overall U.S. video game sales fell 17 percent in March to $1.43 billion, research group NPD said on Thursday, a revealing figure for an industry that had so far shown resilience in the economic downturn.
Overall U.S. video game sales fell 17 percent in March to $1.43 billion, research group NPD said on Thursday, a revealing figure for an industry that had so far shown resilience in the economic downturn.
Stock futures pointed to a lower open on Thursday after the bankruptcy of General Growth Properties offset better-than-expected quarterly earnings from JPMorgan Chase & Co .
