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Reporting quarterly earnings Friday morning before the market opens, Chevron (CVX | Quote | Chart | News | PowerRating) is expected to announce EPS of 3.25.
New York Senator Charles Schumer is reportedly challenging a rule that would otherwise allow Wells Fargo (WFC | Quote | Chart | News | PowerRating) to acquire Wachovia (WB | Quote | Chart | News | PowerRating). Schumer is a member of the Senate Banking Committee.
Clorox (CLX | Quote | Chart | News | PowerRating) reports earnings Friday morning before the bell. Analysts are expecting earnings per share of 0.84.
A report from accounting firm Grant Thornton LLC suggested that a merger between General Motors (GM | Quote | Chart | News | PowerRating) and Chrysler could cost as many as 74,000 jobs. The report further indicated that a tentative deal between the two automakers was likely before the November 4th presidential election.
In additional job-cutting news, Motorola (MOT | Quote | Chart | News | PowerRating) announced that it would likely cut up to 3,000 jobs - most of which would come from the company's mobile phone unit.
American Express (AXP | Quote | Chart | News | PowerRating) announced that it would eliminate 7,000 jobs and implement a hiring freeze in an effort to cut costs.
Reporting earnings before the market opens on Thursday, Barrick Gold (ABX | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.46.
Casino stocks were among the more outstanding performers on Wednesday, with both Las Vegas Sands (LVS | Quote | Chart | News | PowerRating) and MGM Mirage (MGM | Quote | Chart | News | PowerRating) spiking by more than 77% and 36%, respectively. Against this backdrop, Wynn Resorts (WYNN | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday after the market closes. Analysts are expecting EPS of 0.59.
Colgate-Palmolive (CL | Quote | Chart | News | PowerRating) is expected to report EPS of 0.98 when it announces quarterly earnings Thursday morning before the bell.
A Sanford C. Bernstein & Company analyst report that suggested Apple (AAPL | Quote | Chart | News | PowerRating) may increase 2009 earnings with a sizable share buyback program helped boost the stock by more than 4% on Wednesday.
Exxon Mobil (XOM | Quote | Chart | News | PowerRating) reports earnings Thursday morning. Analysts are expecting the oil giant to report earnings per share of 2.39.
Reporting quarterly earnings Wednesday after the market closes, CME Group (CME | Quote | Chart | News | PowerRating) is expected to announce per share earnings of 3.98.
Soaring higher for a second day in a row, shares of Verizon Communications (VZ | Quote | Chart | News | PowerRating) gained more than 14% on Tuesday, setting a new 7-day high.
Reporting earnings Wednesday morning before the bell, Kellogg (K | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.80.
Hedge-fund manager William Ackman, whose firm controls 10% of Target (TGT | Quote | Chart | News | PowerRating) shares, will announce publicly plans for real estate owned by the discount retailer on Wednesday.
Analysts are expecting Procter & Gamble (PG | Quote | Chart | News | PowerRating) to report quarterly earnings of 0.99 when the company reports Wednesday morning before the market opens.
The potential for an end to the machinist strike against Boeing (BA | Quote | Chart | News | PowerRating), sent shares higher by more than 15% on Tuesday.
Kraft Foods (KFT | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting EPS of 0.43.
Verizon (VZ | Quote | Chart | News | PowerRating) was one of Monday's best performers, climbing by nearly 10% on news that the telecommunications company's profits for the third quarter were up by more than 30%.
Reporting earnings Tuesday after the close, Centex (CTX | Quote | Chart | News | PowerRating) is expected to announce EPS of -0.94.
Both SunTrust Banks (STI | Quote | Chart | News | PowerRating) and Capital One Financial Corporation (COF | Quote | Chart | News | PowerRating) accepted more than $30 billion from the Treasury department's bank bailout program.
Texas Instruments (TXN | Quote | Chart | News | PowerRating) was among the better performing stocks in the New York Stock Exchange on Monday, gaining more than 4%. Trading below its 200-day moving average, TXN in increasingly overbought.
Deutsche Bank upgraded shares of PepsiCo Inc. (PEP | Quote | Chart | News | PowerRating) to "buy" from "hold", citing reduced earnings risk relative to the value of the stock.
U.S. Steel (X | Quote | Chart | News | PowerRating) is expected to announce quarterly earnings of 7.08 when it reports Tuesday morning before the market opens.
PNC Financial Services Group (PNC | Quote | Chart | News | PowerRating) has agreed to buy National City Corporation (NCC | Quote | Chart | News | PowerRating) at a discount of 19%. PNC will use funds from the Treasury bank recapitalization program to finance the acquisition.
Reporting earnings Monday after the market closes, Universal Health Services (UHS | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.77.
Despite announcement of production cuts by OPEC, oil stocks such as Hess Corporation (HES | Quote | Chart | News | PowerRating) and Chevron (CVX | Quote | Chart | News | PowerRating) were on the retreat on Friday.
Anti-trust authorities in Russia have blocked Google's (GOOG | Quote | Chart | News | PowerRating) efforts to acquire the Internet advertising company ZAO Begun.
A profit-warning from Sony (SNE | Quote | Chart | News | PowerRating) helped send stocks lower across the board to start trading on the final trading day of the week.
The machinist strike at Boeing (BA | Quote | Chart | News | PowerRating) continues to weigh heavily on the aerospace giant's profits, which were down by 38% for the third quarter.
Thursday after the market closes Microsoft (MSFT | Quote | Chart | News | PowerRating) is expected to report quarterly earnings of 47 cents per share.
The global economic crisis continued to make the world difficult for mergers, with Samsung Electronics deciding to walk away from its planned acquisition of SanDisk (SNDK | Quote | Chart | News | PowerRating).
TD Ameritrade (AMTD | Quote | Chart | News | PowerRating) reports earnings Thursday morning before the bell. Analysts are expecting EPS of 0.30.
Coal stocks were among those in the energy group to sell-off aggressively on Wednesday. Massey Energy (MEE | Quote | Chart | News | PowerRating) lost more than 19%, while Peabody Energy Corporation (BTU | Quote | Chart | News | PowerRating) fell more than 10%.
Reporting earnings Thursday morning before the market opens, UPS (UPS | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 0.89.
Analyst are expecting EPS of 1.41 when Caterpillar (CAT | Quote | Chart | News | PowerRating) reports earning Tuesday morning before the market opens.
Shares of American Express (AXP | Quote | Chart | News | PowerRating) rallied on better than expected third quarter earnings announced Monday.
Energy stocks were among the biggest gainers on Monday, with Exxon Mobil (XOM | Quote | Chart | News | PowerRating) adding more than 10% on Monday.
National City Corporation (NCC | Quote | Chart | News | PowerRating) is expected to announce a loss of 0.31 when it reports quarterly earnings Tuesday before the bell.
The biggest American utility company Exelon Corporation (EXC | Quote | Chart | News | PowerRating) made an offer of $6.2 Billion for NRG Energy (NRG | Quote | Chart | News | PowerRating) on Monday.
Yahoo! (YHOO | Quote | Chart | News | PowerRating) reports earnings Tuesday after the market closes. Analysts are expecting EPS of 0.09.
Reporting quarterly earnings after the market closes on Monday, American Express (AXP | Quote | Chart | News | PowerRating) is expected to report earnings per share of 0.59.
Citing their ability to withstand an economic slowdown better than many companies from other sectors, UBS AG (UBS | Quote | Chart | News | PowerRating) upgraded both Merck & Company (MRK | Quote | Chart | News | PowerRating) and Wyeth (WYE | Quote | Chart | News | PowerRating) to "buy" from "neutral."
Texas Instruments (TXN | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 0.44 when the company reports Monday after the bell.
Third quarter profits that exceeded analyst estimates led traders and investors alike to bid shares of Google (GOOG | Quote | Chart | News | PowerRating) higher by more than 5% on Friday.
Haliburton (HAL | Quote | Chart | News | PowerRating) reports earnings Monday morning before the market opens. Analysts are expecting EPS of 0.74.
Citing "macroeconomic conditions," Bank of America (BAC | Quote | Chart | News | PowerRating) lowered its price target for shares of Amazon.com (AMZN | Quote | Chart | News | PowerRating) on Thursday. After moving lower, AMZN rallied to close higher by more than 3%.
Steve Ballmer, CEO of Microsoft (MSFT | Quote | Chart | News | PowerRating) said on Thursday that a deal to acquire Yahoo! (YHOO | Quote | Chart | News | PowerRating) still may make "economic sense." Shares of Yahoo were up by more than 10% on the day.
Reporting earnings before the bell Friday morning, Schlumberger (SLB | Quote | Chart | News | PowerRating) is expected to report earnings per share of 1.25.
Merrill Lynch (MER | Quote | Chart | News | PowerRating) upgraded Archer Daniels Midland (ADM | Quote | Chart | News | PowerRating) from "hold" to "buy", citing the company's increased cash flow due to the pullback in commodity prices.
Citigroup (C | Quote | Chart | News | PowerRating) is one of many companies reporting earnings Thursday morning before the market opens. The company is expected to announce EPS of -0.70.
Reporting earnings Thursday after the market closes, Google (GOOG | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 4.80.
Also announcing its quarterly earnings after the bell on Thursday is IBM (IBM | Quote | Chart | News | PowerRating). Analysts expect IBM to report EPS of 2.03.
JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) saw its brokerage assets leap by 25% as hedge fund investors leave competitors such as Goldman Sachs (GS | Quote | Chart | News | PowerRating) and Morgan Stanley (MS | Quote | Chart | News | PowerRating).
Harley-Davidson (HOG | Quote | Chart | News | PowerRating) reports earnings Thursday morning before the market opens. Analysts are expecting EPS of 0.79.
Analysts are also expecting earnings per share of 0.77 from Coca Cola (KO | Quote | Chart | News | PowerRating), which also reports earnings Wednesday morning before the bell.
Microsoft (MSFT | Quote | Chart | News | PowerRating) shares slid by more than 5% on Tuesday, as Credit Suisse cut its 2009 and 2010 earrnings forecast for the software maker, citing slowing PC demand.
JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) is expected to announce EPS of -0.17 during its quarterly earnings report Wednesday morning before the open.
Wells Fargo (WFC | Quote | Chart | News | PowerRating), winner of the Wachovia (WB | Quote | Chart | News | PowerRating) sweepstakes, will report earnings Wednesday morning before the market opens. Ahnalysts are expecting earnings per share of 0.42.
Reporting earnings before the market opens Wednesday morning, eBay (EBAY | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.41.
Abbott Laboratories (ABT | Quote | Chart | News | PowerRating) reports earnings Wednesday before the market opens. Analysts are expecting EPS of 0.77
Reporting earnings Tuesday morning before the market opens, Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 1.11.
Waste Management Industries (WMI | Quote | Chart | News | PowerRating) will drop its bid for Republic Services (RSG | Quote | Chart | News | PowerRating) citing the current economic climate.
Intel (INTC | Quote | Chart | News | PowerRating) reports quarterly earnings Tuesday afternoon after the market closes. Analysts expect the company to report earnings per share of 0.34.
Abbott Laboratories (ABT | Quote | Chart | News | PowerRating) announced a $5.5 billion share buyback program on Monday.
Morgan Stanley (MS | Quote | Chart | News | PowerRating) reported that it had completed an agreement with Mitsubishi UFJ that will provide for a $9 billion stake in the Wall Street firm.
Genentech Inc. (DNA | Quote | Chart | News | PowerRating) reports earnings Tuesday after the close. Analysts are expecting EPS of 0.88.
Concerns over the weakening economy led Macy's (M | Quote | Chart | News | PowerRating) to warn that annual profits might be lower than previously forecast. At its lowest on Friday, the stock was off by more than 9%.
Among those financial stocks rebounding on Friday were shares of Wachovia (WB | Quote | Chart | News | PowerRating), up more than 34%.
Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the bell. Analysts are expecting EPS of 1.12.
Traders worried that Morgan Stanley (MS | Quote | Chart | News | PowerRating) might face a cut in its credit rating by Moody's sent shares of the stock lower by more than 20%.
Reporting earnings before the market opens on Tuesday, PepsiCo (PEP | Quote | Chart | News | PowerRating) is expected to announce EPS of 1.08.
Falling oil prices led to lower prices for major oil service company like Exxon-Mobil (XOM | Quote | Chart | News | PowerRating), which lost more than 8% on Friday.
Capital One Financial (COF | Quote | Chart | News | PowerRating) announced on Friday that it would no longer provide inventoary financing to automobile dealers in New York and New Jersey.
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