Shares News

Red Hat Inc. shares sank early Monday following a Wall Street downgrade as the broader technology sector struggled to find momentum ahead of financial results this week from some of the industry's biggest names. Red Hat (RHAT) fell more than 5% to $28.88 as Goldman Sachs cut its rating to underperform from in-line, saying the open-source software provider's growth may force partners Oracle Corp.  ...

NEW YORK (Dow Jones) -- Charles Schwab Corp said Monday its net income jumped 68% as client trading grew in response to rising markets and fees grew off a higher asset base. The company said it earned $243 million, or 19 cents a share, compared to $145 million, or 11 cents a share a year ago. Revenue rose to $1.28 billion versus $ 1.06 billion a year ago. Analysts polled by Thomson First Call h ...

LOS ANGELES (Dow Jones) -- Shares of VF Corp. jumped nearly 9% at one point Monday after the company raised its first-quarter earnings outlook. The Greensboro, N.C.-based apparel maker (VFC) said it now expects first- quarter earnings to rise 12% to 14% above what the company had previously forecast. VF had said it expected earnings to be up slightly from the $1 per share reported a year ago.  ...

CHARLOTTE, N.C. (AP)--Wachovia Corp. (WB), the fourth-largest U.S. bank, reported Monday its first quarter profit rose 7% from the year-ago period, boosted by higher overall revenue and fee income. Profit rose to $1.73 billion, or $1.09 per share, for the January-March period from $1.62 billion, or $1.01 per share, a year earlier. Total revenue rose to $ 7.06 billion from $6.47 billion in the y ...

Tokyo shares closed on Monday at two-weeks lows, pressured by concerns over oil prices rising above $70 a barrel and the prospect of higher interest rates. // The Nikkei 225 stock average closed down 1.4 per cent to 17,000.36, its lowest since March 29, while the broader Topix was also down 1.4 per cent to 1,719.05. A rise in crude oil prices above $70 per barrel in after-hours electronics tradi ...

SEOUL (Reuters) - Top investment houses including Goldman Sachs have cut their 2006 net profit estimates for Samsung Electronics (005930.KS: Quote, Profile, Research) , citing weak first-quarter results, but most see an earnings recovery by the second half. The slew of downgrades came after Samsung Electronics, the world's biggest maker of memory chips, posted on Friday a bigger-than-expected 25  ...

HONG KONG (Dow Jones) -- Asian markets traded mixed to lower Monday, with Japan's Nikkei Average retreating as crude oil prices inched toward $70 a barrel, while South Korea's Kospi index fell back from its record highs late last week. In Tokyo, the Nikkei 225 Average fell as much as 131.89 points, or 0.77%, to 17,101.93, on consumer credit companies and brokerages. The broader Topix index fell ...

Oliver Lloyd, Mail on Sunday16 April 2006 IRANIAN entrepreneur Robert Tchenguiz's bid for Mitchells & Butlers is unravelling this weekend, with the pubs and restaurants group looking increasingly likely to see off the takeover attempt. OTHER STORIES Shock warning on US LSE bids Warning on debt advisers Market report: Thursday close Germans eye WH Smith's news spin-off Standard Li ...