Tyson Foods posts Q4 profit; Shares down as sales miss Street view
Tyson Foods, one of the largest US chicken producers, reported $213 million in its fourth-quarter profit on lower goodwill impairment charges. However, the company's shares were down about 3 percent in the pre-market hours as its sales came in below market expectations.
Staples Q3 profit rises 7 pct as costs fall
Staples Inc., the world's largest office products company, reported 7 percent rise in quarterly profit, which also came in above market estimates, as it managed to keep a lid on its costs.
Overseas sales boost Walmart profit; Co. ups FY11 profit view
Retail giant Walmart reported 9 percent growth in its quarterly profit on strong sales at its international operations and raised its fiscal 2011 earnings outlook.
Standpoint Research starts Cisco with 'buy'
Standpoint Research has initiated coverage on Cisco Systems with a 'buy' rating and a price target of $24 and analyst Ronnie Moas said the market has overreacted to the company's weak outlook.
US stocks advance in early trade
Stocks on major U.S. indices opened higher as takeovers and faster-than-estimated growth in retail sales fueled optimism in the economy.
US stocks fall amid China inflation concerns
U.S. stocks fell in early trade on Friday as speculation over interest rate hike in China and concerns about euro-zone sovereign debt weighed on the sentiment.