HONG KONG BUSINESS - St Jude results beat forecasts; shares jump - CNN Money HONG KONG BUSINESS - St Jude results beat forecasts; shares jump - CNN Money

Tuesday, January 27, 2009

HONG KONG BUSINESS - St Jude results beat forecasts; shares jump - CNN Money

CHICAGO (Reuters) - St. Jude Medical Inc on Tuesday posted a higher-than-expected quarterly profit on solid demand for its devices to treat heart rhythm disorders and chronic pain, sending its shares up 13 percent. St. Jude, which in December lowered in STOCKMARKET NEWS >

NEW YORK - Dow Chemical said it will not close on its $15.4 billion buyout of Rohm & Haas Co. by this week's deadline, an announcement Monday that was followed almost immediately by a lawsuit from the specialty chemicals maker. The news sent shares in STOCKMARKET NEWS >

NEW YORK (Reuters) - With the drug industry already restructuring, Pfizer Inc's proposed $68 billion acquisition of Wyeth will accelerate the pace of cost cutting, adding tens of thousands to the ranks of the unemployed at a time when the economy is in STOCKMARKET NEWS >

CHICAGO, Jan 27 (Reuters) - Hershey Co ( HSY.N ) posted higher-than-expected quarterly profit as it lifted sales of its namesake candy and Reese's brands by spending more on marketing, sending its shares up 4.5 percent. The company also stood by its in STOCKMARKET NEWS >

CHICAGO (AP) — Home Depot Inc. plans to eliminate 7,000 jobs while shutting down its smaller home improvement brands as the recession continues to batter the nation's housing market. Its shares climbed more than 5 percent in morning trading. The in STOCKMARKET NEWS >

Delta Air Lines Inc., the world's biggest carrier, said Tuesday it lost $1.4 billion in the final three months of 2008 as it recorded a massive charge related to employee stock awards and wasn't able to fully benefit from the decline in oil prices in STOCKMARKET NEWS >

MILWAUKEE (AP) - Shares of Hershey Co. rose on Tuesday after the nation's second-biggest candy maker reported fourth-quarter sales above analyst estimates and reiterated its 2009 outlook calling for annual growth of 2 percent to 3 percent. Shares in STOCKMARKET NEWS >

NEW YORK (AP) - Men's Wearhouse Inc. is facing the "worst possible time" to be the dominant men's suit retailer in North America, an analyst said Tuesday, and downgraded the stock. Shares fell 47 cents, or 3.8 percent, to $12.04 during midday trading in STOCKMARKET NEWS >

CHICAGO (Reuters) - Hershey Co posted higher-than-expected quarterly profit as it lifted sales of its namesake candy and Reese's brands by spending more on marketing, sending its shares up 4.5 percent. The company also stood by its 2009 sales and in STOCKMARKET NEWS >

No comments: