What Happened In The Market Today…27 Jan 09
What’s Happening In The Market Now… The markets opened the day mixed as earnings reports continue to paint a mixed picture. States Steel Corp. (X) and American Express Co. (AXP) managed to post profits while DuPont (DD) said it swung to a fourth quarter loss and Yahoo (YHOO) fourth-quarter earnings are expected to be down. [...]
Earning News – 26th Jan 09
McKesson Raises Guidance McKesson Corp. (MCK) said it now expects 2009 earnings of $4.15 to $4.30 per share, excluding items. The company’s previous guidance was earnings of $4.00 to $4.15 per share and the current consensus earnings estimate is $4.01 per share for the year ending March 31, 2009. Coventry Health Care Reaffirms Coventry Health [...]
What Happened In The Market Today…26 Jan 09
What’s Happening In The Market Now… Stocks were cautiously up at the open this morning. The announcement of Pfizer’s (PFE) acquisition of Wyeth (WYE) shows deals are possible even in a recession. Caterpillar (CAT) said it was “whipsawed” in the final three months of 2008 as a sharp drop in economic conditions and plunging commodity [...]