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CompareCC News Archive Listing for Stocks and Investing during 2009-01-23.
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Asia stocks fall on poor earnings
 
Reuters - Asian stocks fell to a 1-1/2-month low on Friday, weighed by poor corporate results in the technology sector, while the U.S. dollar drifted higher as investors sought refuge from the deteriorating global economy.
Samsung Electronics reports first quarterly loss
 
AP - Samsung Electronics, the world's largest manufacturer of flat screen televisions, memory chips and liquid crystal displays, posted its first ever quarterly loss Friday as the global economic slump hit prices and demand for mainstay products.
World stocks slide
 
AFP - European and Asian stock markets slid on Friday after sharp losses on Wall Street overnight in the wake of more gloomy economic data and as investors awaited confirmation that Britain was in recession.
World markets retreat amid growing corporate woes
 
AP - Asian stocks fell Friday, with Japan's benchmark tumbling almost 4 percent, as grim news about major companies like Microsoft and Sony underscored the depth of the worst global slowdown in decades. European markets fell in early trade amid news the British economy had officially slid into recession.
London shares up in early trade
 
AFP - London stocks opened down on Friday ahead of figures expected to show Britain has officiallly entered recession for the first time since the early 1990s.
FTSE-100 down 46.73 at 4,005.50
 
AP - Share prices on the London Stock Exchange were lower at midday Friday.
European markets fall as UK plunges into recession
 
AP - European stocks followed Asian markets lower, hurt by weak corporate and economic news and confirmation that Britain plunged into recession at the end of last year.
Xerox 4Q profit plunges, misses Wall Street view
 
AP - Xerox Corp.'s fourth-quarter earnings plunged as the printer and copier maker booked hefty charges for layoffs and other restructuring costs, and the company on Friday forecast first-quarter profit below Wall Street expectations.
Schlumberger 4Q tumbles; sees rough year ahead
 
AP - Schlumberger Ltd., the world's largest oilfield services company, said Friday its fourth-quarter earnings fell nearly 17 percent as a significant fall off in drilling and other activity by oil and gas companies hurt results, which missed Wall Street forecasts.
GE 4Q profit falls 46 pct, adjusted net meets view
 
AP - General Electric said Friday its fourth-quarter earnings dropped 46 percent as it restructured its troubled lending arm. The news comes as the conglomerate says it expects 2009 to be 'extremely difficult' amid the financial crisis.
Xerox quarterly profit falls on slack equipment sales
 
Reuters - Xerox Corp , the leading provider of digital printers and document management services, said on Friday quarterly profit declined, hurt by restructuring costs and weak equipment sales.
Schlumberger profit dips, weakness ahead
 
Reuters - Schlumberger Ltd , the world's largest oilfield services company, reported a drop in quarterly profit on Friday and warned it faced reduced spending by its oil and gas producing customers in 2009.
Harley to cut 1,100 jobs as 4Q profit falls
 
AP - Harley-Davidson Inc. says it will cut 1,100 jobs over two years and scale back its operations as its fourth-quarter profit slid amid the weak motorcycle market.
European stocks lower ahead of expected US route
 
AP - European stocks fell Friday ahead of an expected drop on Wall Street, as investors were disheartened by weak corporate and economic figures and confirmation that Britain plunged into recession at the end of last year.
GE 4Q profit falls 46 pct, hurt by finance unit
 
AP - General Electric Co.' fourth-quarter net income fell 46 percent, weighed down by its ailing financial business and capping a difficult year for the industrial giant.
Earnings Preview: Netflix defies recession in 4Q
 
AP - Online DVD rental leader Netflix Inc. is scheduled to report its fourth-quarter results after the stock market closes Monday. The following is a summary of key developments and analyst opinion related to the period.
Ahead of the Bell: Google shares up after earnings
 
AP - Google Inc. shares edged higher in premarket trading Friday as analysts praised Google's ability to still beat profit estimates and grow revenue amid the dismal economy.
Xerox profit falls on weak sales; shares lower
 
Reuters - Xerox Corp said on Friday it barely eked out a profit in the fourth quarter due to weak sales and $349 million in restructuring costs, and it forecast first-quarter results below analysts' targets.
Schlumberger profit drops, weakness ahead
 
Reuters - Schlumberger Ltd , the world's largest oilfield services company, said on Friday its profit sank and warned of spending cuts by its oil and gas producing customers in 2009, sending its shares to their lowest level in more than three years.
NYSE eases minimum market cap rule amid turmoil
 
AFP - The New York Stock Exchange said Friday it was easing temporarily its market capitalization minimum for companies to be listed due to current financial turmoil.
World markets fall as UK slides into recession
 
AP - World markets fell Friday as investors were disheartened by weak corporate and economic figures and confirmation that Britain plunged into recession at the end of last year.
Latam stocks falling sharply on global gloom
 
AP - Latin American stocks fell Friday amid disappointing corporate earnings reports in the U.S. and following confirmation that Britain plunged into recession at the end of last year.
GE profit drops 46 pct as finance unit struggles
 
AP - In a discouraging report for the American economy, General Electric Co. posted a 46 percent drop in quarterly earnings on Friday and warned of a 'tough environment' in 2009 as it struggles with its ailing finance business.
Schlumberger profit drops; investors send shares up
 
Reuters - Schlumberger Ltd said on Friday its profits sank and warned of spending cuts by customers in 2009, but its stock bounced off 3-1/2-year lows and rose more than 5 percent as investors expect the oilfield services leader to weather the turmoil well.
Qimonda, Samsung hit by chip market crash
 
Reuters - German memory chip maker Qimonda filed for insolvency on Friday and South Korea's Samsung Electronics posted its first-ever quarterly loss, in the latest signs of recession hitting the technology sector.
World stocks close bad week on poor footing
 
AFP - An unending torrent of bad economic and corporate news pushed global stock markets lower again Friday, with every attempted advance undercut before investors could gain any momentum.
London shares suffer as recession bites
 
AFP - London stocks finished fractionally up on Friday as investors came to terms with GDP data showing that the country had officially entered a recession.
Dollar gains as UK enters recession, earnings fall
 
AP - The dollar notched a new 23- 1/2 high against the pound and gained strongly on the euro, but slipped versus the yen as a British recession was confirmed and more blue chips posted declining profits.
Xerox profit falls on restructuring costs
 
Reuters - Xerox Corp barely eked out a profit in the fourth quarter, hurt by a dramatic decline in demand from Russia and other emerging markets, and $349 million in restructuring costs, sending shares down 9 percent.
Schlumberger profit drops, shares bounce off lows
 
Reuters - Schlumberger Ltd said on Friday profits sank and warned of spending cuts by customers in 2009, but its stock bounced off 3-1/2-year lows as investors expect the oilfield services leader to weather the turmoil well.
Wall Street off earlier lows on tech, financials
 
AP - Investors' ambivalence about earnings reports gave Wall Street a mixed performance Friday. Google Inc.'s better-than-expected results lifted tech stocks, while reports from General Electric Co. and several other companies reinforced the market's concerns about the recession's overall impact on the economy.
Wall Street's culture of entitlement hard to shake
 
AP - John Thain should have known the rules.
Wall Street ends mixed as tech, financials rally
 
AP - Investors' ambivalence about earnings reports gave Wall Street a mixed performance Friday.
Poor earnings, opaque forecasts weigh on stocks
 
AP - Investors expected fourth-quarter earnings would be bad, just not this bad.
Stocks eye Obama, Fed, earnings
 
Reuters - With Wall Street in the middle of an earnings free fall, investors will eye any moves from the White House next week to revive banks and craft a recovery plan to salvage the economy from its year-long recession.
SEC reviewing Steel's TV comments on Wachovia: report
 
Reuters - U.S. regulators are probing former Wachovia Corp Chief Executive Robert Steel over comments he made on television about his bank the day before it started talks about a potential merger, the Wall Street Journal reported late on Friday.

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