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Stocks Set to Open Steady on Wal-Mart
AP - U.S. stock futures largely held their ground Monday after a $21-billion acquisition of Georgia-Pacific and Knight-Ridder Inc. put itself up for sale, with Wal-Mart Stores meeting earnings expectations for the third quarter.
Stocks Are Mixed on Wal-Mart Earnings
AP - U.S. stocks are trading mixed Monday after a $21-billion acquisition of Georgia-Pacific and Knight-Ridder Inc. put itself up for sale, with Wal-Mart Stores meeting earnings expectations for the third quarter.
Little sign of fall rally as premarket heralds flat to slightly negative opening
Canadian Press - TORONTO (CP) - Signs of a predicted fall rally on North American stock markets appeared unlikely to materialize Monday with premarket trading heralding a negative opening to the week's trading.
Tyson Foods Fourth-Quarter Profit Surges
AP - Tyson Foods Inc., the world's largest meat and poultry processor and marketer, on Monday reported its fiscal fourth-quarter profit rose by nearly 49 percent from results depressed by a charge last year. But the profit was below Wall Street estimates and it offered guidance for this year that was short of analysts' expectations. Its shares sank nearly 6 percent in premarket trading.
Tyson profit up on chicken business
Reuters - Tyson Foods Inc. , the No. 1
U.S. meat company, on Monday posted a 48 percent jump in
quarterly profit on strength in its chicken processing
business.
Lowe's Third-Quarter Profit Soars
AP - Lowe's Cos., the nation's No. 2 home-improvement retailer, said Monday its third-quarter earnings rose nearly 26 percent, beating Wall Street's expectations, as homeowners continued to spend money on their homes despite rising home heating and gasoline costs.
Stocks Fluctuate on Wal-Mart, Oil Prices
AP - Stocks lingered in a narrow range Monday as investors weighed rising oil prices against upbeat earnings from Wal-Mart Stores Inc. that brightened the outlook for holiday spending.
Stocks mixed as oil prices move higher, Wal-Mart meets expectations
Canadian Press - TORONTO (CP) - A rise in technology stocks kept the Toronto stock market slightly higher Monday morning.
Lowe's Profit Up on Sales Lift After Storms
AP - Lowe's Cos., the nation's second-largest home-improvement retailer, said Monday its third-quarter earnings rose nearly 26 percent, beating Wall Street's expectations, as homeowners continued to spend money on their homes despite rising heating and gasoline costs. Shares of Lowe's soared more than 4 percent.
Tyson Foods 4Q Profit Up, Misses Estimates
AP - Tyson Foods Inc., the world's largest meat and poultry processor and marketer, on Monday reported its fiscal fourth-quarter profit rose by nearly 49 percent from results depressed by a charge last year. But the profit was below Wall Street estimates and it offered guidance for this year that was short of analysts' expectations. Its shares sank nearly 9 percent in morning trading.
Lee's Net Profits Fall on Pulitzer Costs
AP - Newspaper publisher Lee Enterprises Inc. reported a 39 percent decline in quarterly profits Monday, despite higher revenues, due to costs related to its acquisition of Pulitzer Inc.
Stocks Drift Lower on Inflation Concerns
AP - Stocks drifted lower Monday as cautious investors held back from celebrating upbeat earnings at Wal-Mart Stores Inc. and Lowe's Cos. ahead of critical inflation and spending data later this week.
NYSE Seat Sells for Record of $3.025M
AP - A New York Stock Exchange seat sold for $3.025 million, a record high for the 213-year-old Big Board.
Hurricanes hit Wal-Mart earnings
AFP - Giant US retailer Wal-Mart Stores posted its smallest quarterly income increase in four years because of costs linked to hurricanes and other increased expenses.
Dow, Nasdaq Lower on Inflation Concerns
AP - Stocks lingered in a narrow range Monday as cautious investors held back from celebrating upbeat earnings at Wal-Mart Stores Inc. and Lowe's Cos. ahead of critical inflation and spending data later this week.
Banker testifies in NYSE-Archipelago case
Reuters - A Goldman Sachs investment banker,
testifying at the opening of a court hearing on the New York
Stock Exchange's proposed acquisition of Archipelago Holdings
Inc. , said on Monday that his firm did not try to press
either side to reach a deal.
NYSE Dissidents Grill Goldman Sachs
AP - Dissident seat owners of the New York Stock Exchange said Monday that Goldman Sachs Group Inc., by advising both sides of the NYSE's planned $6 billion acquisition of Archipelago Holdings Inc., cheated the owners out of a better deal.
Stocks mixed ahead of key U.S. economic data later in the week
Canadian Press - TORONTO (CP) - A rise in telecom and finance stocks kept the Toronto stock market slightly higher Monday afternoon.
Tyson Foods Misses Estimate Despite Profit
AP - Tyson Foods Inc., the world's largest meat company, on Monday reported that fourth-quarter profits rose 49 percent, but the company missed analysts' estimates and the company's shares paid the price.
Dissident NYSE Seat Owners Question Deal
AP - Dissident seat owners of the New York Stock Exchange said in court Monday that Goldman Sachs Group Inc., by advising both sides of the NYSE's planned $6 billion acquisition of Archipelago Holdings Inc., cheated the owners out of a better deal.
Stocks mixed ahead of U.S. economic data; TSX unmoved by fiscal update
Canadian Press - TORONTO (CP) - The Toronto stock market put in slightly higher finish Monday as investors found nothing in Finance Minister Ralph Goodale's fiscal update that would benefit stock markets.
AIG 3Q Earnings Decline to $1.72 Billion
AP - American International Group Inc., one of the world's largest insurers, said on Monday profits fell to $1.72 billion for the third quarter, in line with an earlier announcement.
Tyson Foods 4Q Earnings Miss Estimates
AP - Tyson Foods Inc., the world's largest meat company, on Monday reported that fourth-quarter profits rose 49 percent, but the company missed analysts' estimates and the company's shares paid the price.
Wal-Mart Posts Gain in Profit Growth
AP - The world's largest retailer, Wal-Mart Stores Inc., posted a modest 3.8 percent in profit growth on Monday, but said it expects electronics and other general merchandise to propel it to a healthy holiday season, though spending may slacken when the bills come due early next year.
Lee 4Q Profit Down Despite Revenue Jump
AP - Newspaper publisher Lee Enterprises Inc. reported a 39 percent decline in quarterly profits Monday, despite higher revenues, due to costs related to its acquisition of Pulitzer Inc.
Agilent's results top expectations
Reuters - Electronics testing and equipment
maker Agilent Technologies Inc. on Monday posted a lower
quarterly net profit due to restructuring charges, but results
still beat Wall Street estimates, sending its shares up by more
than 6 percent.
Dollar near 2-yr high vs euro and yen
Reuters - The dollar clung close to a two-year high
against the euro and a 27-month peak versus the yen on Tuesday
as more investors flock to the U.S. currency for its widening
yield advantage.
Nikkei falls as banks decline
Reuters - The Nikkei share average lost 0.4 percent
on Tuesday, as investors sold lenders such as Mizuho Financial
Group Inc. and real estate companies due to concern their stock
prices were overheated.
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