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Aruba Networks sees weak fourth quarter as Cisco competition intensifies
Reuters(Reuters) - Network equipment maker Aruba Networks Inc forecast fourth-quarter results well below Wall Street expectations hurt by rising competition from Cisco Systems Inc , sending its shares down 17 percent after the bell. Aruba expects fourth-quarter...Tags: Cisco Systems Inc., Thomson Corporation
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Kohl's expects sales to pick up
Reuters(Reuters) - Kohl's Corp said on Thursday it expects sales to rebound in the current quarter after bad weather in early spring hurt business at the department store chain. The retailer also reported a better-than-expected first-quarter profit, helped by...Tags: NYSE Euronext, Inc., Inventories, Auto Trends, Companies and Corporations, Edward Jones
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Weak Zurich earnings cap European shares near 5-year high
Reuters* FTSEurofirst 300 down 0.1 percent * Zurich Insurance falls 1.2 percent after Q1 miss * Richemont surges after proposing dividend hike By David Brett LONDON, May 16 (Reuters) - Weak earnings from Zurich Insurance Group kept a lid on European shares...Tags: Earnings, Thomson Corporation, Insurance
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Singapore commodity firms crimp spending in challenging times
ReutersSINGAPORE (Reuters) - Singapore-listed commodity firms Olam International Ltd , Noble Group Ltd and Wilmar International Ltd are cutting capital expenditure, making more selective acquisitions and seeking partnerships to weather volatile markets. While...Tags: Business, Bird Flu, Brazil, China, Singapore
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UPDATE 2-Singapore Airlines results disappoint, capacity cuts planned
Reuters* SIA 2012 results weaker than expected; operating profit down nearly 20 pct * Airline faces stiff competition from Gulf carriers Emirates, Etihad * SIA expanding into budget airlines segment (Adds details from results) By Anshuman Daga SINGAPORE,...Tags: Global Expansion, Companies and Corporations, Finance, Trips and Vacations, Budgets and Budgeting
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Japan sees results from 'Abenomics' growth strategy, as GDP jumps 3.5 pct, beating forecasts
AP Business WriterTOKYO (AP) — Japan's economy grew by a stronger-than-expected 3.5 percent in annual terms last quarter, giving Prime Minister Shinzo Abe a boost as his government tackles reforms needed to ensure a sustained recovery from two decades of malaise....Tags: Debt Market, Government Debt, Demonstration, Shinzo Abe, Companies and Corporations
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European shares in lull after weak earnings
Reuters* FTSEurofirst 300 down 0.1 percent * Zurich, National Grid fall after results * Richemont rallies on dividend hike By David Brett LONDON, May 16 (Reuters) - European shares fell slightly by midday on Thursday after some investors took profits on...Tags: Central Bank, Money and Monetary Policy, Insurance
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US high-grade bond market tone subdued after Merck jumbo trade
ReutersBy John Balassi NEW YORK, May 16 (IFR) - Market tone is relatively muted early on Thursday, despite the surprisingly better-than-expected first quarter GDP print from Japan that showed that the governments new inflation policies are beginning to kick in....Tags: Russia, Neenah Paper Incorporated, Japan, Economic Indicator, Thomson Corporation
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US stock futures bounce around on mixed signals from retailers, homebuilders and employers
NEW YORK (AP) — U.S. stock futures fluctuated Thursday on a bevy of economic data that sent mixed signals about hiring, construction, jobs and the mindset of the American consumer. Dow Jones industrial futures slipped 6 points to 15,229. The...Tags: Unemployment Benefits, Walmart, Stock Market, Consumers, Kohl's
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ANALYSIS-Consumer stocks shine in emerging market profit gloom
ReutersBy Sujata Rao LONDON, May 16 (Reuters) - A broad collapse of company profits in the developing world shows no sign of abating, forcing investors to tilt portfolios towards sectors such as healthcare or consumer goods where margins are more robust....Tags: Emerging Market, Auto Trends, Stock Market, Companies and Corporations, Morgan Stanley Dean Witter & Company
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Stock investors look again to earnings in search for winners
Reuters* Correlations falling across equities * Gap between cheap and expensive is narrower * Long-short hedge funds, earnings momentum to benefit By Simon Jessop LONDON, May 16 (Reuters) - Company earnings should become a more useful guide to European share...Tags: Auto Trends, Companies and Corporations, Thomson Corporation, Finance, Lehman Brothers Holdings Inc.
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Analysis: Consumer stocks shine in emerging market profit gloom
ReutersLONDON (Reuters) - A broad collapse of company profits in the developing world shows no sign of abating, forcing investors to tilt portfolios towards sectors such as healthcare or consumer goods where margins are more robust. What is evolving is in...Tags: Emerging Market, Auto Trends, Companies and Corporations, Stock Market, Consumers
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