Blockbuster loss grows as sales drop
November 12, 2009
LOS ANGELES (Reuters) - Blockbuster Inc , the largest U.S. movie rental chain, posted a larger-than-expected quarterly loss as revenue fell more than 20 percent, and its shares dropped 12 percent in after-hours trade.
November 12, 2009
LOS ANGELES (Reuters) - Blockbuster Inc , the largest U.S. movie rental chain, posted a larger-than-expected quarterly loss as revenue fell more than 20 percent, and its shares dropped 12 percent in after-hours trade.
Fed’s balance sheet shrinks
November 12, 2009
NEW YORK (Reuters) - The U.S. Federal Reserve's balance sheet shrank in the latest week, Fed data showed on Thursday.
November 12, 2009
NEW YORK (Reuters) - The U.S. Federal Reserve's balance sheet shrank in the latest week, Fed data showed on Thursday.
Disney profit and revenue beat Street
November 12, 2009
LOS ANGELES (Reuters) - Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business helped it overcome a disappointing stretch for its film studio.
November 12, 2009
LOS ANGELES (Reuters) - Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business helped it overcome a disappointing stretch for its film studio.
Intel to pay AMD $1.25 billion, settle disputes
November 12, 2009
SAN FRANCISCO (Reuters) - Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal disputes, in a move that can hasten the resolution of Intel's antitrust troubles.
November 12, 2009
SAN FRANCISCO (Reuters) - Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal disputes, in a move that can hasten the resolution of Intel's antitrust troubles.
Stocks fall on energy shares, consumer worries
November 12, 2009
NEW YORK (Reuters) - The Dow industrials six-day winning streak came to a halt on Thursday as a drop in oil prices pulled energy stocks lower and a guarded outlook from Wal-Mart fanned worries about consumer spending.
November 12, 2009
NEW YORK (Reuters) - The Dow industrials six-day winning streak came to a halt on Thursday as a drop in oil prices pulled energy stocks lower and a guarded outlook from Wal-Mart fanned worries about consumer spending.
New jobless claims lowest since January
November 12, 2009
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless benefits last week fell to the lowest level since January, the government said on Thursday, evidence the hard-hit labor market may be slowly improving.
November 12, 2009
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless benefits last week fell to the lowest level since January, the government said on Thursday, evidence the hard-hit labor market may be slowly improving.
BA, Iberia say agree merger
November 12, 2009
MADRID (Reuters) - British Airways and Spain's Iberia said on Thursday they had reached a preliminary agreement for a merger that would create about 400 million euros of synergies.
November 12, 2009
MADRID (Reuters) - British Airways and Spain's Iberia said on Thursday they had reached a preliminary agreement for a merger that would create about 400 million euros of synergies.
Worried about U.S. debt? Send a donation
November 12, 2009
WASHINGTON (Reuters) - Not sure what to give Uncle Sam this Christmas? How about a nice, fat check to help whittle away at the $7.6 trillion national debt?
November 12, 2009
WASHINGTON (Reuters) - Not sure what to give Uncle Sam this Christmas? How about a nice, fat check to help whittle away at the $7.6 trillion national debt?
Roubini: Double recession can be avoided
November 12, 2009
TEL AVIV (Reuters) - Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the financial crisis, said on Thursday that a double-dip recession can be avoided if stimulus measures are unwound properly.
November 12, 2009
TEL AVIV (Reuters) - Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the financial crisis, said on Thursday that a double-dip recession can be avoided if stimulus measures are unwound properly.
Starbucks: McDonald’s made Starbucks better
November 12, 2009
LOS ANGELES (Reuters) - Starbucks Corp Chief Executive Howard Schultz said McDonald's Corp's McCafe launch earlier this year made the cafe chain better.
November 12, 2009
LOS ANGELES (Reuters) - Starbucks Corp Chief Executive Howard Schultz said McDonald's Corp's McCafe launch earlier this year made the cafe chain better.
Fed bars ATM card overdraft fees
November 12, 2009
WASHINGTON (Reuters) - The U.S. Federal Reserve on Thursday banned overdraft fees on automated-teller-machine and debit-card transactions unless consumers have actively selected an overdraft protection service.
November 12, 2009
WASHINGTON (Reuters) - The U.S. Federal Reserve on Thursday banned overdraft fees on automated-teller-machine and debit-card transactions unless consumers have actively selected an overdraft protection service.
Wal-Mart profit rises, but holiday view light
November 12, 2009
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc posted a higher-than-expected quarterly profit on Thursday, but forecast earnings during the key holiday quarter that could miss Wall Street estimates as its customers face rising unemployment.
November 12, 2009
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc posted a higher-than-expected quarterly profit on Thursday, but forecast earnings during the key holiday quarter that could miss Wall Street estimates as its customers face rising unemployment.
McDonald’s: 2010 spending at $2.4 billion
November 12, 2009
CHICAGO (Reuters) - McDonald's Corp plans to spend $2.4 billion on capital improvements in 2010 as it continues to revamp restaurants and expand in emerging markets, the world's largest restaurant company said on Thursday.
November 12, 2009
CHICAGO (Reuters) - McDonald's Corp plans to spend $2.4 billion on capital improvements in 2010 as it continues to revamp restaurants and expand in emerging markets, the world's largest restaurant company said on Thursday.
Kohl’s profit beats Street; outlook falls short
November 12, 2009
NEW YORK (Reuters) - Department store operator Kohl's Corp reported a larger-than-expected quarterly profit on Thursday, but gave a holiday-period outlook that was below Wall Street estimates.
November 12, 2009
NEW YORK (Reuters) - Department store operator Kohl's Corp reported a larger-than-expected quarterly profit on Thursday, but gave a holiday-period outlook that was below Wall Street estimates.
Fed’s Plosser says no inflation threat for now
November 12, 2009
NEW YORK (Reuters) - The U.S. economy has improved, but a number of risks to growth remain and there is no near-term inflation threat, a top Fed official said on Thursday.
November 12, 2009
NEW YORK (Reuters) - The U.S. economy has improved, but a number of risks to growth remain and there is no near-term inflation threat, a top Fed official said on Thursday.
Oil falls below $79; U.S. inventory in focus
November 12, 2009
LONDON (Reuters) - Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks and a rise in the dollar from 15-month lows outweighed an IEA report that said global oil demand will return to growth this quarter.
November 12, 2009
LONDON (Reuters) - Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks and a rise in the dollar from 15-month lows outweighed an IEA report that said global oil demand will return to growth this quarter.
HP to buy 3Com for $3.1 billion
November 12, 2009
NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.
November 12, 2009
NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.
Activision says ‘Call of Duty’ sets launch record
November 12, 2009
NEW YORK (Reuters) - Activision Blizzard Inc said it sold 4.7 million copies of "Call of Duty: Modern Warfare 2", or $310 million of sales, on its first day, setting a new record for the video game industry.
November 12, 2009
NEW YORK (Reuters) - Activision Blizzard Inc said it sold 4.7 million copies of "Call of Duty: Modern Warfare 2", or $310 million of sales, on its first day, setting a new record for the video game industry.
BA, Iberia boards consider merger
November 12, 2009
LONDON/MADRID (Reuters) - The boards of British Airways and Spain's Iberia are holding separate board meetings to consider a merger to create the world's third largest airline by revenue, they said on Thursday.
November 12, 2009
LONDON/MADRID (Reuters) - The boards of British Airways and Spain's Iberia are holding separate board meetings to consider a merger to create the world's third largest airline by revenue, they said on Thursday.
Sources: Motorola eyes unit sales
November 12, 2009
NEW YORK (Reuters) - Motorola Inc is in the early stages of looking into a potential sale of its $4.5 billion television set-top box and network equipment business, two sources said on Wednesday.
November 12, 2009
NEW YORK (Reuters) - Motorola Inc is in the early stages of looking into a potential sale of its $4.5 billion television set-top box and network equipment business, two sources said on Wednesday.