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CompareCC News Archive Listing for Stocks and Investing during 2009-08-27.
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Asian stocks fall as China plans to curb capacity
 
AP - Asian stock markets fell Thursday after China said it will curb overcapacity and excessive investment in industries such as steel and cement, adding to worries about whether a global economic recovery is sustainable.
Diageo full year net profit up 7 percent
 
AP - Diageo PLC, the world's largest spirits maker, posted a 7 percent rise in full-year net profit on Thursday, benefiting largely from positive exchange rate movements and cost-cutting amid weaker demand for many of its key products.
DP World profit drops 32 percent amid trade slump
 
AP - Port operator DP World said Thursday its profit slumped by about a third in the first half of the year as it weathered a 'very challenging operating environment' spurred by the drop in global trade.
European markets steady as Asia slips
 
AP - European stocks held steady Thursday despite losses in Asia, as investors brushed off a string of upbeat economic figures on fears any recovery may not prove sustainable.
Oil falls to $71 on U.S. stockbuild; China eyed
 
Reuters - Oil fell to $71 on Thursday, extending losses by more than $3 after touching a 10-month high this week, as rising crude and diesel stocks eclipsed healthy economic data from the United States and Europe.
Stocks lose shine; yen gains broadly
 
Reuters - World stocks fell for a second consecutive day on Thursday and the yen extended broad gains, with equity investors avoiding risky assets and preferring to take profits from a rally to 10-month highs this week.
Toll Brothers lost $472 million in Q3
 
AP - Toll Brothers Inc. says it lost $472.3 million in its fiscal third quarter, as the luxury homebuilder took a large tax hit.
Spirits maker Diageo full year net profit up 7 pct
 
AP - Diageo PLC, the world's largest spirits maker, posted a 7 percent rise in full-year net profit on Thursday, benefiting from favorable currency exchange rates and cost-cutting amid weaker demand for many of its key products.
European stocks subdued on mixed earnings
 
AFP - European stock markets steadied on Thursday in cautious trade after sharp gains earlier this week as investors digested a mixed batch of company earnings news.
Stocks tumble after GDP, jobs data
 
AP - Stocks are sharply lower in early trading Thursday, despite more signs that the economy might be stabilizing.
Oil slips near $71 on rising stockpiles, equities
 
Reuters - Oil pared early gains to drop to near $71 a barrel on Wednesday, extending losses from the previous session as rising U.S. crude stockpiles and a dip in equity markets outweighed bullish economic data.
Earnings schedule for week of 8/31/09
 
AP - Major companies tentatively scheduled to report quarterly earnings next week:
TD Bank fiscal 3rd-quarter profit down 8.5 percent
 
AP - TD Bank Financial Group, North America's sixth largest bank by branches, says tough economic conditions took a toll on some of its businesses, leading to a decline in its fiscal third-quarter profit.
Stocks fall after GDP, jobs data; Dow halts rally
 
AP - Investors are putting the brakes on the market's recent rally despite more signs that the economy might be stabilizing.
FTSE 100 shares close lower
 
AFP - London stocks finished lower on Thursday for the second day running amid profit-taking.
Shares of Heico fall after 3Q earnings drop
 
AP - Shares of Heico Corp. fell Thursday, a day after the aerospace and defense company said third-quarter earnings fell 13 percent due to the continuing drop in passenger and cargo air traffic.
LaBarge posts 43 percent drop in 4Q profit
 
AP - LaBarge Inc., which makes electronics for use in military aircraft, said Thursday its fiscal fourth-quarter profit slumped 43 percent as customers continued to defer purchases of capital equipment.
Stocks mostly fall after GDP data; financials rise
 
AP - Investors are putting the brakes on the market's recent rally despite more signs that the economy might be stabilizing.
Oil falls below $71 on brimming U.S. stocks
 
Reuters - Oil prices fell for the third consecutive day on Thursday as upbeat U.S. economic data failed to stanch concerns over bulging stockpiles in the world's largest energy consumer.
Diageo full year net profit up 7 pct
 
AP - Diageo PLC, the world's biggest spirits maker, posted a 7 percent rise in full-year net profit on Thursday, benefiting from favorable currency exchange rates and cost-cutting amid weaker demand for many of its key products.
Stocks reverse early losses, edge higher at close
 
AP - The stock market clung to its recent rally Thursday, overcoming early losses and finishing slightly higher.
Oil falls on rising U.S. stockpiles
 
Reuters - Oil slipped on Wednesday, extending hefty losses from the previous session as rising stockpiles of U.S. crude outweighed positive economic data.
Dell profit down 23 pct but surpasses estimate
 
AP - Dell Inc.'s second-quarter profit was whacked 23 percent as the personal-computer industry's slump dragged on this summer. The results beat Wall Street's forecast, however, sending the shares up more than 6 percent.
Sector Snap: Solar stocks mixed on earnings news
 
AP - Solar stocks were mixed on Thursday as two solar companies reported quarterly results and analysts raised concerns about near-term challenges for solar companies.
Stock market reverses early losses, plods higher
 
AP - The stock market's rally plodded along Thursday, sustained by gains in financial and industrial shares.
AIG extends improbable rally as bears squeezed
 
AFP - Insurance giant AIG extended its surprising rally Thursday, rising 26.9 percent amid frenzied speculation along with improved prospects on its ability to repay its massive government bailout.
Chipmaker OmniVision posts 1Q loss, revenue drops
 
AP - OmniVision Technologies Inc., which makes image-sensing chips, said Thursday it lost $9.9 million in its first quarter, reversing a profit a year earlier as its revenue plunged 39 percent, but it offered an upbeat outlook for the current quarter.
Sport Supply Group profit rises, though sales fall
 
AP - Uniform and gear maker Sport Supply Group Inc. said on Thursday that its fourth-quarter profit rose 26.8 percent as it cut costs, even though sales fell.
Dollar Financial posts 4Q loss, annual profit drop
 
AP - Dollar Financial Corp. said Thursday it posted a loss of $31.2 million in its fourth quarter annual profit down 97 percent as high unemployment hurt its consumer lending business and forced the company to close many of its financial services stores.
Micros Systems posts 22 pct decline in 4Q profit
 
AP - Micros Systems Inc., which makes information systems for the hospitality industry, said Thursday its fourth-quarter profit fell 22 percent as restructuring and other charges ate into the bottom line.
Summary Box: Dell profit down 23 pct
 
AP - FINICKY BUYERS: Dell Inc.'s second-quarter profit fell 23 percent as demand for computers remains soft. Sales fell 22 percent.
J. Crew Group 2Q profit up, beats expectations
 
AP - Clothing retailer J. Crew Group Inc. said Thursday reported much better second-quarter earnings than analysts expected and slightly better profit compared with a year earlier as markdowns led customers to buy more online and in stores.
Immunomedics reports 4Q profit on payment
 
AP - Biopharmaceutical company Immunomedics Inc., which focuses on developing monoclonal antibodies for cancer and other diseases, reported Thursday a fiscal 2009 fourth-quarter profit, mainly on a hefty licensing payment from partner Nycomed.
Chipmaker Marvell's 2Q profit falls as sales drop
 
AP - Marvell Technology Group Ltd., which makes chips used in phone networks, said Thursday its second-quarter net income fell 18 percent to $58.5 million as revenue slumped.
Netezza 2Q profit plunges on sales, costs
 
AP - Netezza Corp., which makes products that enable companies to store and analyze large amounts of data, said Thursday its second-quarter profit plunged on a mix of sliding sales and higher costs.
Solera sees fiscal 2010 earnings, revenue gains
 
AP - Solera Holdings Inc., which provides software and services for the auto insurance claims industry, said Thursday it expects to earn an adjusted profit of between $1.76 per share and $1.83 per share for the fiscal year 2010.

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