Cisco slips as fragile recovery fails to impress
Thu Feb 9, 2012 10:57am EST (Reuters) – Shares of Cisco Systems Inc (CSCO.O) fell 3 percent, a day after the network equipment maker’s estimate-beating forecast failed to impress, suggesting investors may still be wary of its restructuring efforts paying off so early. The stock has seen a dramatic rise after it hit a nearly [...]
Groupon disclosure, growth concerns hit stock
By Alistair Barr and Gerry Shih Wed Feb 8, 2012 9:07pm EST (Reuters) – Groupon Inc shares slumped Wednesday as the daily deal company’s first quarterly results since it went public stoked concern about limited disclosure and slowing growth. Groupon reported an unexpected fourth-quarter loss from a huge tax bill, most of which will likely [...]
Diamond removes CEO, CFO after walnut payment probe
By Mihir Dalal Wed Feb 8, 2012 8:34pm EST (Reuters) – Diamond Foods Inc removed top management after a probe by its audit committee found that the company improperly accounted for payments to walnut growers, sending its shares down 40 percent in after-hours trading. The company, maker of Emerald nuts, Kettle chips and Pop Secret [...]
Lenovo shares hit over 3-1/2-year high after Q3 results
HONG KONG | Thu Feb 9, 2012 12:59am EST HONG KONG (Reuters) – Shares of Lenovo Group Ltd (0992.HK) rose sharply to its highest in more than 3-1/2 years after the world’s No.2 PC maker reported forecast-beating results in the third quarter. Shares rose as much as 3.04 percent to hit an intraday high of [...]
Coinstar jumps on Verizon JV, buy of NCR’s DVD assets
Tue Feb 7, 2012 11:10am EST (Reuters) – Shares of Coinstar Inc (CSTR.O) surged 20 percent to their highest in a year, after the Redbox kiosks owner teamed up with Verizon (VZ.N) to sell video services, stepping up its game against video rental giant Netflix (NFLX.O). The stock jumped to $60.84 in heavy early morning [...]
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