Monday, January 26, 2009

Tech: Apple, IBM lead sector higher

Date: Mon, Jan 26, 2009 at 3:00 PM

Tech Stocks: Apple, IBM lead sector higher
4:11 PM ET
Most technology stocks advance, as Apple Inc., Intel Corp. and International Business Machines post gains.

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Netflix profit jumps 45% as expenses decline
5:59 PM ET
Quarterly profit rose 45%, mostly reflecting lower costs to sign up new subscribers, and the online video-rental service indicates it's on pace to surpass most revenue forecasts in the current quarter.

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Texas Instruments posts big profit drop, will cut 3,400 jobs

5:00 PM ET
Texas Instruments posts sharp drop in quarterly profit and a plan to eliminate 3,400 jobs as the chip giant warned it expects a "prolonged economic weakness."

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Sales growth leads VMware earnings to rise
4:46 PM ET
Vmware Inc. reports a fiscal fourth-quarter profit that rose 42% from a year ago as the maker of virtualization-technology software reports better sales led by increases in both software license and services revenue.

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Sprint Nextel to eliminate 8,000 jobs
1:25 PM ET
Sprint Nextel Corp. on Monday says it will purge 8,000 jobs as part of an effort to reduce costs in the face of a deepening U.S. recession.
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Texas Instruments expected to post big drop in quarterly sales
1:23 PM ET
Texas Instruments is expected to report a 33% decline in sales for the fourth quarter, a reflection of the cell-phone chip maker's struggle with slumping demand and mounting competition.

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Telecom Stocks: Sprint, Ericsson lead telecoms higher
12:04 PM ET
WASHINGTON (MarketWatch) - Telecommunications stocks mostly advanced in Monday trades, with smaller issues outpacing larger ones. Sprint Nextel Corp.'s move to cut 15% of its workforce was seen as a positive step by investors.

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Philips to cut 6,000 jobs after first loss in five years
10:30 AM ET
Royal Philips Electronics, Europe's largest consumer-electronics firm, on Monday says it swung to a fourth-quarter loss of 1.5 billion euros ($1.9 billion) as it wrote down the value of its stakes in LG Display and NXP and demand for its products continues to deteriorate.

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Israel Stocks: Market higher for second day before Bank of Israel rate call
9:11 AM ET
Israeli stocks are higher for a second day on Monday, led by strength in banks and in Israel Chemicals, a few hours before the Bank of Israel makes its next rate decision.

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Before the Bell: Pfizer, Caterpillar, McDonald's in the spotlight
8:35 AM ET
Stock market futures were broadly flat Monday as Caterpillar lowered its earnings outlook and Pfizer agreed to buy rival Wyeth in a $68 billion deal.

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Israel Stocks: Tel Aviv shares end higher ahead of interest-rate decision
12:54 PM ET
Israeli stocks rise, led by strength in telephone-service provider Bezeq and
selected technology and real-estate issues.

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India detains 2 Price Waterhouse partners in Satyam case
4:09 AM ET
Indian police on Saturday detained for questioning two partners from the consulting firm Price Waterhouse in connection with the fraud case at Satyam Computer Services Ltd., news reports say.

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Earnings Outlook: AT&T, Verizon keep heads above water
4:00 AM ET
AT&T Inc. and Verizon Communications Inc. are weathering the recession better than most U.S. companies, but both phone giants could show some nicks and cuts in the coming days as they report quarterly results.

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