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Dell Shares Just Higher; Founder Comments on HP's $2.3 Billion Purchase of 3Par

Published on Wed, 01/26/2011 - 13:19
By Stephanie Shyu in Earnings Lookback, DELL, HPQ, 3par, bloomberg, business, dell, dell inc, hewlett-packard, hpq, market, michael dell, news, share, stock, trade

Dell acquired another storage company, Compellent Technologies, for $960 million. HP paid $2.35 billion for 3Par.

"We showed a good discipline and didn't make an emotional decision," Dell told the World Economic Forum in Davos. "I think HP paid way too much for 3Par."

Dell shares are up 0.88%, or $0.12, to $13.86."

3par, bloomberg, business, dell, dell inc, hewlett-packard, hpq, market, michael dell, news, share, stock, trade

"Shares of computer maker Dell Inc. (DELL) are trending higher after Bloomberg reported comments made by company founder Michael Dell regarding Hewlett-Packard's (HPQ) acquisition of storage company 3Par. Dell had engaged in a bid

By Stephanie Shyu
sshyu@fnno.com

Budget Deficit Projected to Grow to $1.5 trillion; Obama Pledges Spending Freeze

The figure, up from last year's $1.3 trillion, increased in part due to the $858 billion tax cut passed by Congress late last year.

However, the agency sees the national budget deficit narrowing to $1.1 trillion in 2012 and projects economic growth to be 3% in 2011.

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The U.S. budget deficit will widen this year to $1.5 trillion, according to a report by the nonpartisan Congressional Budget Office.

By Stephanie Shyu
sshyu@fnno.com

ConocoPhillips Gain on Q4 Revenue, Earnings Beat

Published on Wed, 01/26/2011 - 13:11
By Stephanie Shyu in Earnings Lookback, COP, business, conoco phillips, cop, market, news, opened higher, share, stock, trade, update

Ex items, Conoco said it earned $1.9 billion, or $1.32 per share, compared with analysts' consensus call for $1.29 per share on revenue of $47.3 billion, according to FactSet.

business, conoco phillips, cop, market, news, opened higher, share, stock, trade, update

ConocoPhillips (COP) opened higher and is up 2.12% in late morning trading after reporting a 54% jump in Q4 earnings to $2 billion, or $1.39 per share, compared with $1.3 billion, or 86 cents per share, a year earlier. Revenue gre

By Stephanie Shyu
sshyu@fnno.com

Budget Deficit Projected to Grow to $1.5 trillion; Obama Ple

congressional budget office, cbo, kent conrad, finance, share, earnings, eps, stock, trading, market, analysis, financial, news investing, price, earn, profit, net, sale, invest, business, economy, miss, beat, high, low, project, estimate, buy, sell, revenue, forecast, income, equity

By Stephanie Shyu
sshyu@fnno.com

SAP Shares Up on Q4 Results Topping Estimates

Published on Wed, 01/26/2011 - 13:07
By Stephanie Shyu in Earnings Lookback, ORCL, SAP, business, litigation, market, news, oracle, orcl, q4, sap, share, stock, suit, trade, update

Earnings per share, however, missed the forecasts. Earnings per share of $0.37 was affected by the litigation charge from SAP's suit with Oracle (ORCL), which resulted in a jury ordering SAP to pay #1.3 billion to ORCL for copyrig

business, litigation, market, news, oracle, orcl, q4, sap, share, stock, suit, trade, update

Shares of SAP AG (SAP) are up 2.07% or $1.14 to $56.30 after it released its fourth quarter results, with revenue surpassing estimates. Fourth quarter revenue was up 27% at $4.09 billion, year-over-year, surpassing the average est

By Stephanie Shyu
sshyu@fnno.com

Morgan Stanley Raised PT For WW Grainger, Maintained EW Rating (GWW)

The bank sees 2011 EPS of $7.75 and 2012 EPS of $8.75.

Shares of the company are currently trading 0.99% lower at $131.25.

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Morgan Stanley raised its price target for W.W. Grainger (NYSE:GWW) to $132 up from $125 and maintained its equal-weight rating on the stock.

By Stephanie Shyu
sshyu@fnno.com

Barclays Cutting 1,000 UK Jobs, Trimming Financial Planning Advice at Branches

The move is seen as another example of the bank making cuts to improve lagging profitability. The cuts are reportedly to occur across the UK. The bank will focus financial advice to online customers.

Barclays ADRs are down 1.1%, or $0.21, to $18.77.

analysis, barclays, beat, business, buy, earn, earnings, economy, eps, equity, estimate, finance, financial, forecast, high, income, invest, low, market, miss, net, news investing, price, profit, project, reuters, revenue, sale, sell, share, stock, trading

ADRs of Barclays (BCS) are lower after the bank says it plans to cut about 1,000 jobs in the UK as it looks to stop offering financial planning advice in its branch locations, Reuters reports.

By Stephanie Shyu
sshyu@fnno.com

Toyota Voluntarily Recalls 245,000 Lexus GS, IS Cars

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Toyota (NYSE: TM) has voluntarily recalled approximately 245,000 Lexus vehicles in the U.S.

By Stephanie Shyu
sshyu@fnno.com

State Bancorp Declares $0.05 Cash Dividend

STBC is the parent company of State Bank of Long Island.

Shares are at $9.70.

analysis, beat, business, buy, earn, earnings, economy, eps, equity, estimate, finance, financial, forecast, high, income, invest, low, market, miss, net, news investing, price, profit, project, revenue, sale, sell, share, state bancorp, stock, trading

State Bancorp (STBC) announced today that its Board of Directors has declared a cash dividend of $0.05 per share at its January 25, 2011 meeting. The cash dividend will be paid on March 17, 2011 to stockholders of record as of Feb

By Stephanie Shyu
sshyu@fnno.com

Ball announces 2-for-1 stock split, raises quarterly dividend 40%

analysis, ball, beat, business, buy, earn, earnings, economy, eps, equity, estimate, finance, financial, forecast, high, income, invest, low, market, miss, net, news investing, price, profit, project, revenue, sale, sell, share, stock, trading

Ball's (BLL) board announced a two-for-one split of the company's common stock, increased the quarterly cash dividend by 40% to 7 cents on a post-split basis and authorized the repurchase by the company of up to a total of 20 mill

By Stephanie Shyu
sshyu@fnno.com

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