On a day when stock markets seem to be free falling, the Dow is getting boost from Pfizer and Merck. The two drug giants are the only ones in the index that are climbing, other than Walmart, after both reported quarterly results early Tuesday morning that beat Wall Street estimates.

Continue reading Pfizer and Merck Earnings Impress Investors

Pfizer and Merck Earnings Impress Investors originally appeared on DailyFinance on Tue, 04 May 2010 15:18:00.

Filed Under: Company News, Health Care, Earnings, Pfizer, Merck

Wall Street titan Goldman Sachs said its first-quarter profit nearly doubled, easily beating analysts' expectations. But the riches could prove an embarrassment as the firm defends itself against civil fraud charges brought by the SEC.

Continue reading Goldman Sachs Earnings Double to $3.5 Billion as Firm Faces SEC Suit

Goldman Sachs Earnings Double to $3.5 Billion as Firm Faces SEC Suit originally appeared on DailyFinance on Tue, 20 Apr 2010 08:30:00.

Filed Under: Investing, Earnings, Goldman Sachs

The following is a round-up of news likely to affect stock prices today:

General Electric Co. (GE) says its first-quarter earnings fell 30% to $1.9 billion, or 17 cents per share, due to lower profits in its big industrial divisions and ongoing struggles at GE Capital. The results still beat Wall Street expectations and CEO Jeff Immelt says the company sees "potential for upside" to 2010 results....

Continue reading Stocks in the News: GE, Bank of America, Google, Oracle

Stocks in the News: GE, Bank of America, Google, Oracle originally appeared on DailyFinance on Fri, 16 Apr 2010 07:54:00.

Filed Under: Company News, Investing, Google , Mattel, Microsoft, Oracle, Pfizer, Sony, Bank of America, Ericsson, MetLife

The bank's first-quarter profit of $3.3 billion, or 74 cents a share, easily beat analysts' expectations. JPMorgan's overall robust performance was undercut mainly by high losses in consumer loans.

Continue reading JPMorgan Earnings Jump 55%, Surpassing Estimates

JPMorgan Earnings Jump 55%, Surpassing Estimates originally appeared on DailyFinance on Wed, 14 Apr 2010 09:05:00.

Filed Under: Investing, Earnings, JP Morgan Chase

A study found big banks like Goldman Sachs and Citi temporarily lower their debt by an average of 42% at the end of quarters. After their financial reports are issued, previous debt levels are resumed. Like Lehman Brothers' Repo 105 trick, this is dangerous for investors.

Continue reading Can Public Companies' Financial Statements Be Trusted?

Can Public Companies' Financial Statements Be Trusted? originally appeared on DailyFinance on Sat, 10 Apr 2010 11:55:00.

Filed Under: Economy, Investing, JP Morgan Chase, Goldman Sachs , Morgan Stanley , Bank of America, Citigroup

Book retailer Borders got a new lease on life just hours before a critical deadline to repay an outstanding loan from its primary stakeholder, Pershing Square Capital Management. Not only did Borders repay a $42.5 million loan, it has also entered into an amended and restated revolving credit agreement.

Continue reading Borders Gets a New Loan, New Lease on Life

Borders Gets a New Loan, New Lease on Life originally appeared on DailyFinance on Wed, 31 Mar 2010 18:20:00.

Filed Under: Company News, Earnings, Media, Bank of America, Retail

The following is a round-up of news likely to affect stock prices today:

Ciena (CIEN) shares skidded over 8% in premarket trading after reporting a first-quarter loss of 12 cents a share, bigger than the 6 cents a share loss that analysts had estimated. Revenue for the quarter also missed view. While the company said it sees strong order flow in the quarter, guideline for the current quarter was...

Continue reading Stocks in the News: Wal-Mart, Pier 1, Ciena

Stocks in the News: Wal-Mart, Pier 1, Ciena originally appeared on DailyFinance on Thu, 04 Mar 2010 08:00:00.

Filed Under: Company News, Investing, JP Morgan Chase, Goldman Sachs , Coca-Cola Company, Boeing, Wal-Mart Stores, Citigroup, Walt Disney, PetSmart

Hard to believe, but the major indexes are basically unchanged since October. Still, fourth-quarter earnings and economic reports have been generally supportive of share prices. And the case for stocks based on valuation may be stronger -- until the Fed starts raising rates in earnest.

Continue reading As Earnings Season Winds Down, Is It Springtime for Stocks?

As Earnings Season Winds Down, Is It Springtime for Stocks? originally appeared on DailyFinance on Mon, 01 Mar 2010 00:00:00.

Filed Under: Investing, Earnings

A round-up of news likely to affect stock prices today, including a narrower-than-expected first quarter loss from Toll Brothers, stronger-than-expected profits from DreamWorks, and the conviction in Italy of three Google executives for privacy violations.

Continue reading Stocks in the News: Toll Brothers, Toyota, Google

Stocks in the News: Toll Brothers, Toyota, Google originally appeared on DailyFinance on Wed, 24 Feb 2010 07:45:00.

Filed Under: Company News, Investing, Earnings, Google , Toyota

The news likely to affect stock prices today, including strong showing from retail as Sears profit soars, Nordstrom's doubles, and Home Depot beats expectations and raises its dividend.

Continue reading Stocks in the News: Home Depot, Sears, Nordstrom

Stocks in the News: Home Depot, Sears, Nordstrom originally appeared on DailyFinance on Tue, 23 Feb 2010 07:50:00.

Filed Under: Company News, Investing, Earnings, Home Depot, Honda Motor Co., Macy's, Nordstrom, Sears Holdings Corp., Palm, Office Depot, Astrazeneca