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Archive April/2008


Tokyo shares fall ahead of Fed decision (AP)

Japanese shares fell Wednesday as investors sold commodity stocks, although investors were cautious ahead of an announcement by the U.S. Federal Reserve on interest rates.

April 30th, 2008 | Categories: Business

Investors see recession, Wall Street depression (Reuters)

The U.S. economy may be in a funk, but that's nothing compared with the pall hanging over Wall Street. Some of the biggest U.S. investors said on Tuesday they expected

April 30th, 2008 | Categories: Business

G&K Services shares fall after 3rd-qtr profit misses views (AP)

Shares of G&K Services Inc. fell to a 52-week low Tuesday, after the maker and renter of workplace uniforms said its fiscal third-quarter profit fell, missing expectations.

April 30th, 2008 | Categories: Business

Genentech, Biogen shares dip on late-stage drug failure (AP)

Shares of Genentech Inc. and Biogen Idec Inc. fell Tuesday after the biotechnology companies reported a failure of their drug Rituxan to prompt a response in lupus patients in a

April 30th, 2008 | Categories: Business

Merck shares fall on FDA drug rejection, Abbott shares rise (AP)

Merck & Co. shares fell Tuesday after the Food and Drug Administration rejected the drugmaker's cholesterol drug Cordaptive, marking the company's second drug application rejection in four days.

April 30th, 2008 | Categories: Business

Citigroup to sell $3 bln in stock; shares fall (Reuters)

Citigroup Inc said on Tuesday it plans to sell $3 billion of common stock to bolster its capital levels, sending its shares down in after-hours trading.

April 30th, 2008 | Categories: Business

McDermott shares fall after weak 1st-quarter outlook (AP)

Shares of McDermott International Inc. fell sharply on Tuesday after the Houston-based energy services company predicted first-quarter profit below analyst estimates.

April 30th, 2008 | Categories: Business

Gildan Activewear shares fall after company cuts guidance (AP)

Shares of Gildan Activewear Inc. fell to a 52-week low Tuesday after the Canadian sportswear maker cut its guidance below expectations because of production shortfalls that are affecting sales growth.

April 30th, 2008 | Categories: Business

Digi shares sink after 2Q results, forecast disappoints (AP)

Shares of Digi International Inc. tumbled Tuesday after the networking equipment maker posted lower earnings and nearly flat sales in its fiscal second quarter, hurt by the U.S. economic slowdown.

April 30th, 2008 | Categories: Business

Fresh Del Monte Produce shares drop on BB&T cut (AP)

Shares of Fresh Del Monte Produce Inc., which makes fresh-cut fruit and vegetables, dropped Tuesday after a BB&T analyst cut her rating on the shares despite a rise in first

April 30th, 2008 | Categories: Business

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