News : Business News

Lenovo shares jump more than 4 percent after earnings beat forecast

Lenovo shares jump more than 4 percent after earnings beat forecast

May 23rd, 2013 - 07:30h (CET +01.00)

HONG KONG (Reuters) - Shares in Chinese personal computer maker Lenovo Group Ltd jumped more than 4 percent after it reported a forecast-beating 90 percent rise in quarterly profit, its fastest in seven quarters. The stock rose as much as 4.3 percent... [Full Article]

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Wall Street falters in volatile session on Fed worries

Wall Street falters in volatile session on Fed worries

May 23rd, 2013 - 02:40h (CET +01.00)

By Angela Moon NEW YORK (Reuters) - Stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest Federal Reserve meeting showed some officials were open to tapering large-scale asset purchase... [Full Article]

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HP's slumps deepens in 2Q as earnings fall 32 pct

HP's slumps deepens in 2Q as earnings fall 32 pct

May 22nd, 2013 - 23:20h (CET +01.00)

SAN FRANCISCO (AP) - Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. (Source: Associated Press)... [Full Article]

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HP second quarter quarter profit down 32 percent

HP second quarter quarter profit down 32 percent

May 22nd, 2013 - 22:30h (CET +01.00)

SAN FRANCISCO (Reuters) - Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook as revenue from services to corporations slightly offset shrinking... [Full Article]

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Wall Street extends losses, S&P down 1 percent

Wall Street extends losses, S&P down 1 percent

May 22nd, 2013 - 22:00h (CET +01.00)

NEW YORK (Reuters) - U.S. stocks extended their decline on Wednesday, with the S&P 500 falling 1 percent following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimul... [Full Article]

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Bernanke comments spur volatility, but stocks, dollar gain

Bernanke comments spur volatility, but stocks, dollar gain

May 22nd, 2013 - 18:40h (CET +01.00)

By Ryan Vlastelica NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the ba... [Full Article]

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Manipulation probe draws attention to oil firms' trading desks

Manipulation probe draws attention to oil firms' trading desks

May 22nd, 2013 - 17:30h (CET +01.00)

By Dmitry Zhdannikov and Claire Milhench LONDON (Reuters) - Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher t... [Full Article]

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Wall Street cuts gains as Bernanke speaks

Wall Street cuts gains as Bernanke speaks

May 22nd, 2013 - 17:00h (CET +01.00)

NEW YORK (Reuters) - Stocks sharply cut gains after climbing as much as 1 percent earlier as investors parsed comments from Federal Reserve Chairman Ben Bernanke, who was speaking before Congress. The Dow Jones industrial average gained 69.11 points,... [Full Article]

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Toll Brothers profit beats on higher home prices

Toll Brothers profit beats on higher home prices

May 22nd, 2013 - 16:50h (CET +01.00)

By Mridhula Raghavan (Reuters) - Luxury homebuilder Toll Brothers Inc reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 percent. Record-low interes... [Full Article]

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Bernanke expected to stay the course on Fed policy

Bernanke expected to stay the course on Fed policy

May 22nd, 2013 - 15:20h (CET +01.00)

By Jonathan Spicer NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke is not expected to hint at a pending policy change when he testifies before the U.S. Congress on Wednesday despite some speculation among investors that the central bank co... [Full Article]

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