Author Archive
Nov
18
2008
 
HP’s Fourth Quarter: Wait, There’s Good News in Tech?Posted by: financegeek in News From The NetWell, would you look at Hewlett-Packard! A tech giant forecasting a better than expected fourth quarter? That’s right, following a Cisco warning, an NEW YORK (Reuters) - Stocks slid on Tuesday, with the Nasdaq falling more than 3 percent, as worries about the worsening global economic downturn hounded markets. NEW YORK (Reuters) - Stocks lost ground in choppy trade on Tuesday as ongoing worries about the worsening global economic downturn offset Hewlett-Packard’s upbeat quarterly results and profit outlook. With Jerry Yang stepping down as Yahoo’s CEO, much of the focus is turning to his replacement.After The tech company gives an upbeat outlook as U.S. automakers plead for more help from the government. Treasury Secretary Paulson testifies about the financial rescue plan. Home prices continue to plunge. We’re hurting and Washington isn’t helping. Here’s a five-point plan that will really get the economy moving again. Yahoo’s announcement late Monday that Jerry Yang is stepping down as CEO marks the end of his tumultuous 18-month reign, and sets the stage for a new era at Tech Ticker’s parent.Yang, Yahoo’s co-founder, will remain CEO until his successor is chosen and w
Nov
18
2008
Citigroup and JPMorgan Still at Risk, Says AnalystPosted by: financegeek in News From The NetNow that Citigroup has announced massive costs cuts and been bailed out by taxpayers, the worst is over, right?Nope, says Christopher Whalen, Managing Director at Institutional Risk Analytics. …
Nov
18
2008
Word on the Street: Volcker to Be Obama’s Initial Treasury Secretary?Posted by: financegeek in News From The NetSpeculation continues to build over who will succeed Hank Paulson.My guest today, Christopher Whalen, Managing Director of Institutional Risk Analytics, says he’s hearing that “old family friend” Paul Volcker may be tapped to serve in th
Nov
18
2008
HP sees stronger-than-expected 2009, shares upPosted by: financegeek in News From The NetNEW YORK (Reuters) - Hewlett-Packard Co gave a stronger-than-expected full-year profit forecast and preliminary results, saying it was benefiting from its global reach, diverse customer base and cost cuts. NEW YORK (Reuters) - Stocks cut gains on Tuesday as worries of a worsening economic slowdown and uncertainty around a potential bailout of the auto industry offset earlier optimism over Hewlett-Packard’s reassuring results and outlook.
Nov
18
2008
Treasury’s Paulson: Must preserve bailout fundsPosted by: financegeek in News From The NetWASHINGTON (Reuters) - Treasury Secretary Henry Paulson on Tuesday said the unpredictable nature of the current financial crisis meant it was necessary to ensure that financial bailout money was not diverted to other uses. NEW YORK (Reuters) - Hewlett-Packard Co posted stronger-than-expected preliminary quarterly results and gave a full-year profit forecast that also beat Wall Street estimates despite the weak global economy, sending shares up 11 percent.
Nov
18
2008
HP preliminary fourth quarter results reassurePosted by: financegeek in News From The Net(Reuters) - Hewlett-Packard Co announced on Tuesday its preliminary fourth quarter results and provided its 2009 outlook. Highlights:
Nov
18
2008
Stock futures cut losses as HP offsets economic fearPosted by: financegeek in News From The NetNEW YORK (Reuters) - Stock index futures cut losses on Tuesday as reassuring quarterly results and an outlook from technology bellwether Hewlett-Packard , a Dow component, offset fears about the worsening global economic downturn. |
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