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Asian stocks shaky, Nikkei still seen vulnerable
ReutersSYDNEY (Reuters) - Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger rout. In a sign that many are still spooked by...Tags: Economic Stimulus Plan, Kim Jong Un, Wells Fargo & Co., Nicos Anastasiades, Unrest, Conflicts and War
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Gap profit soars; Aeropostale first quarter sales plummet
Reuters(Reuters) - Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia. Gap has staged a comeback in the last few years, offering hipper fashions that have...Tags: Old Navy, Aeropostale Inc., Gap Inc., Thomson Corporation
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Marvell forecast beats estimates; shares rise
Reuters(Reuters) - Chipmaker Marvell Technology Group Ltd forecast current-quarter revenue above analysts' expectations and reported first-quarter results that beat estimates on high demand for its storage and networking chips. Marvell's shares rose almost 9...Tags: Quarterly or Semiannual Financial Statements, Western Digital Corporation, Marvell Technology Group Limited, Toshiba Corporation, Seagate Technology Holdings
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Pandora posts in-line 1st-quarter loss on better-than-expected revenue growth
AP Business WriterLOS ANGELES (AP) — Internet radio company Pandora Media Inc. reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening more than doubled to...Tags: Radio, Computing and Information Technology Industry, Economy, Business and Finance, Entertainment, Pandora Media, Inc.
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Infoblox profit forecast beats estimates, shares rise
Reuters(Reuters) - Infoblox Inc reported a better-than-expected quarterly profit on higher demand for its network automation products and forecast current-quarter earnings above analysts' estimates. Shares of the Santa Clara, California-based company rose 15...Tags: Vodafone Group Plc, Alcatel SA, Verizon Communications, Human Mishaps, Economy, Business and Finance
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Wet spring, weak construction drag Titan Machinery to loss
Reuters(Reuters) - Farm equipment retailer Titan Machinery Inc said it expects to report a quarterly loss as demand was hit by a wet spring weather in the United States that delayed corn plantations, sending its shares down 12 percent in extended trade. Titan...Tags: Quarterly or Semiannual Financial Statements, Heavy Engineering, Weather Reports, Manufacturing and Engineering, Weather
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Sears losses mount, weighs sale of unit to shore up liquidity
Reuters(Reuters) - U.S. retailer Sears Holdings cast bigger doubts on the progress of its turnaround after reporting a bigger-than-expected quarterly loss, hurt by cooler spring weather. Shares of the company, which also said it was considering selling its...Tags: Weather Reports, Weather, New Products, Sears Holdings Corp., Kmart
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Salesforce.com's quarterly results disappoint Wall Street
Reuters(Reuters) - Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower. Under Marc Benioff, Salesforce's CEO and founder, the company's fast revenue growth has made...Tags: Computing and Information Technology Industry, Mergers, Acquisitions and Takeovers, S&P 500, Earnings, Media Industry
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HP raises 2013 outlook as Whitman's plan takes hold
ReutersSAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While...Tags: Corporate Officers, Computing and Information Technology Industry, Michael S. Dell, Companies and Corporations, Finance
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Lenovo quarterly profit rises 90 percent as smartphone, mobile computer business expands
AP Business WriterBEIJING (AP) — Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded. Lenovo said it earned $127 million, or 1.22 cents per share, in the three...Tags: Samsung Group, Computer Hardware, South Korea, Beijing (China), Lenovo Group, Ltd.
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Ralph Lauren profit higher, sees fiscal year revenues rising
ReutersMay 23 (Reuters) - Ralph Lauren Corp on Thursday reported a higher quarterly profit, helped by a jump in sales at its own stores and lower cotton costs. The fashion company said net revenue, including licensing revenue, in the fourth quarter ended...Tags: Ralph Lauren
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US equities sell-off carries over as stock futures tumble; global markets sliding
NEW YORK (AP) — The momentum of a late sell-off on Wall Street carried over into a second day, sending U.S. futures and global stock markets into retreat. Uncertainty over how committed the Fed remains to a massive bond-buying program scattered...Tags: Federal Reserve, Stock Market, Perry Ellis International, Inc., Labor Markets, Unemployment Benefits
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