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NEW YORK (MarketWatch) -- U.S. stocks edged lower Friday as good news on wholesale inflation data was tempered by a profit warning from Tyco International, a formal probe for International Business Machines, and a lower revenue forecast from Lucent Technologies. The Dow Jones Industrial Average(DJI)was off a session high of 10,992.69, down 7 points at 10,955. The Nasdaq Composite Index(RIXF) ...

NEW YORK (MarketWatch) -- Shares of Hewlett-Packard reached nearly a five-year high early Friday after Goldman Sachs raised its rating on the PC and printer giant to outperform, citing broad business improvement.   MARKETWATCH TOP NEWS U.S. stocks turn lower; IBM, Tyco Intl, Lucent weigh Boston Scientific sweetens bid for Guidant Energy prices push U.S. PPI up 0.9% for ...

NEW YORK (MarketWatch) -- Tyson Foods Inc. said Friday it plans to shutter two plants in Iowa as it moves to focus on its processed meat business, and it would record a second-quarter charge related to the closings. document.write(''); EARNINGSWATCH Marshall & Ilsley quarterly net income rises 7% Lucent cuts 2006 sales forecast Woes continue at Dominion Homes Bookham retires d ...

General Motors has said it expects to make $4bn (£2.2bn) in savings this year from a far reaching cost-cutting plan. The carmaker, which made a $3.8bn first quarter loss amid falling US sales, said it was making "rapid" progress on a plan to cut annual costs by $6bn. Looking further forward, GM said it expected costs as a share of revenues to fall dramatically by 2010. The US car giant has faltered in the face of fierce competition from Asian rivals and changing consumer tastes. GM is d ...

London equity markets lost ground on Friday as a broker downgrade added to the woes of the telecom sector and fears of a price war hit food retailers. // Vodafone Group fell 1.8 per cent at 126½p after Bear Stearns downgraded the European telecommunications sector. The broker cut its recommendation on Vodafone to “underperform” from “peer perform”, saying it struggled to see how the stock could ...

LONDON (MarketWatch) -- U.K. shares dipped Friday, with Shire Pharmaceuticals leading decliners on a Merrill Lynch downgrade and after U.S. stocks closed sharply lower. The FTSE 100dropped 0.7% at 5,697. The pound was recently up 0.4% at $1.7684 against the dollar. European markets were pressured by further broker downgrades and weaker oil stocks after crude prices fell back from a brief Thu ...

HONG KONG (MarketWatch) -- Asian markets ended mixed on Friday, with the benchmark Nikkei closing flat despite an upbeat economic assessment from the Bank of Japan.   MARKETWATCH TOP NEWS Guidant bidding war escalates Bank of Japan issues upbeat assessment of economy Nikkei ends flat despite upbeat BOJ, region mixed AIG to settle probes for $1 billion: WSJ SEC probe ...

Shares in France Telecom have fallen by more than 8% after the firm surprised investors with a fresh sales warning. Europe's second-biggest telecoms firm said tough market conditions would hit its revenue growth for 2005. It followed an earlier warning issued in October, and the news sent shockwaves through Europe's markets. The share slump was France Telecom's biggest one-day percentage fall in three years, and hit stocks in European peers including Deutsche Telekom. Shares in France Telec ...

LONDON (MarketWatch) -- Shares in Northern Foods fell by more than 10% on Friday after the company warned that profit for fiscal 2006 would be below the previous year's 62 million pounds.   MARKETWATCH TOP NEWS Guidant bidding war escalates Technology and China shares in focus AIG to settle probes for $1 billion: WSJ U.S. stock losses mount on Iran jitters SEC probe  ...

LONDON (MarketWatch) -- U.K. shares dipped Friday, with Shire Pharmaceuticals leading decliners on a Merrill Lynch downgrade and after U.S. stocks closed sharply lower.   MARKETWATCH TOP NEWS Guidant bidding war escalates Technology and China shares in focus AIG to settle probes for $1 billion: WSJ U.S. stock losses mount on Iran jitters SEC probe of IBM becomes form ...