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Amazon.com Inc's shares jumped in early trading on April 29, a day after the company reported profit and revenue that swept away analysts' estimates along with doubts about the online retailer's investment spree.
Apple Inc shares opened about 5% higher on Wednesday after the technology company's third-quarter profit beat analysts' expectations due to stellar sales of its iPhones.
TORONTO: Investor sentiment in Canadian banks has begun to sour ahead of earnings this week as short interest positions in the stocks have jumped and analysts have begun to get increasingly skittish about their prospects in a weakening Canadian economy.
The U.S. economy, which was showing tentative early signs of a recovery, faces a potentially grave new threat: swine flu. A widespread outbreak could batter the tourism, food and transportation industries in particular, deepening the recession in the U.S. and possibly worldwide
NEW YORK: Tech investors hoping for good news may have to look further than Cisco Systems Inc's CSCO.Oquarterly report as analysts expect Chief Executive John Chambers to be pessimistic in his forecast for the coming year.
NEW YORK: The Federal Reserve will buy a total of $600 billion of bonds under its new stimulus program announced Thursday, known as QE3, and will look for a U.S. unemployment rate of 7 percent before it halts the program, according to the median of forecasts from a Reuters poll on Friday.
WASHINGTON: U.S. Slot machine maker Scientific Games Corp will buy larger rival Bally Technologies Inc in a US$3.27 billion deal, the latest in a consolidating U.S. gaming industry.