Most of the nation's retailers are reporting steep sales declines for December -- a critical month for the holiday shopping season. Even Wal-Mart's same-store sales figures came in below expectations and the discount retailer is warning that its fourth-quarter profit will miss previous estimates.
Quote: WMT

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EMC Upbeat on Outlook, Plans Layoffs

posted: 16 HOURS 27 MINUTES AGOcomments: 4

filed under: Tech News, Earnings

Despite forecasts that its fourth-quarter earnings will be in line with expectations, data storage company EMC Corp. announces plans to lay off 2,400 employees -- about 7 percent of its staff -- in 2009. Quote: EMC

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Warnings Suggest Ugly Earnings Season

posted: 4 HOURS 30 MINUTES AGOcomments: 69

filed under: Earnings, Financial Crisis

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A trio of earnings warnings from some of Wall Street's top companies Wednesday threw a wet blanket on the optimism that had buoyed the markets since before the start of this year. Will the dour outlooks echo through the rest of the business world?

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Monsanto Profit Doubles, Raises Outlook

posted: 23 HOURS 49 MINUTES AGOcomments: 0

filed under: Earnings, Investing

Monsanto Co., the world's biggest seed maker, says its fiscal first-quarter profit more than doubled on higher sales to Latin America, and it is raising its expectations for the year.

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Intel Cuts Fourth-Quarter Outlook Again

posted: 1 DAY AGOcomments: 5

filed under: Earnings, Tech News

With weak demand by PC makers continuing, Intel now predicts its fourth-quarter revenue will fall 23 percent from the same period a year earlier, missing its previous outlook.
Quote: INTC
Also See: Time Warner Warns on 4Q Revenue

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Media Giant Time Warner Cuts Outlook

posted: 23 HOURS 6 MINUTES AGOcomments: 5

filed under: Earnings

Media conglomerate Time Warner, whose properties include CNN and Time Inc., says that it expects to record a charge of about $25 billion in goodwill write-downs, leading to a loss in the fourth quarter. Quote: TWX

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Family Dollar Profit Up, Boosts Outlook

posted: 23 HOURS 23 MINUTES AGOcomments: 0

filed under: Earnings, Investing

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Family Dollar Stores, one of the few stocks that saw double-digit returns last year, says its profit rose 14 percent last quarter. The company also raised its fiscal year forecast as budget-conscious shoppers eye discount stores in search of low prices on food and other necessities. Quote: FDO
Also See: Monsanto Q1 Profit Doubles

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Bank of America Set to Miss Expectations?

posted: 1 DAY 18 HOURS AGOcomments: 0

filed under: Earnings

The Wall Street Journal reports that Bank of America CEO expects the company's earnings to miss expectations and is recommending that he and other top bonuses forgo bonuses for 2008.

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