PHILADELPHIA COMPANIES - Europe stocks edge up, Siemens calms earnings fears - Forbes PHILADELPHIA COMPANIES - Europe stocks edge up, Siemens calms earnings fears - Forbes

Tuesday, January 27, 2009

PHILADELPHIA COMPANIES - Europe stocks edge up, Siemens calms earnings fears - Forbes

PARIS, Jan 27 (Reuters) - European stocks inched higher on Tuesday, as Siemens calmed investors' fears over coprorate results, offsetting grim U.S. consumer confidence data. The German industrial conglomerate stuck to its full-year profit outlook in BUSINESS 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 BUSINESS NEWS >

NEW YORK (Reuters) - U.S. stocks opened higher Tuesday, buoyed by earnings that were not as dire as some had feared and hopes for swift action from new Treasury secretary Timothy Geithner to prevent the recession from worsening in BUSINESS NEWS >

NEW YORK (AP) -- Some of Wall Street's earnings anxiety is easing after companies including United States Steel Corp. and American Express Co. managed to post profits in a difficult recession. Stocks are up moderately at midday. The market turned in BUSINESS NEWS >

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