2006-07
22 07:39:35Dell shares plunge on lowered 2Q outlook
NEW YORK (AFX) - Shares of Dell Inc. plunged to their lowest level in nearly five years Friday after the world's largest computer maker slashed its second-quarter earnings outlook below Wall Street's estimates, blaming its aggressive price cutting and a slowing global market.
2006-07
22 04:14:20AMD stock falls to a new 52-week low
SUNNYVALE, Calif. (AFX) - Advanced Micro Devices Inc. shares tumbled more than 15 percent to a new 52-week low Friday, a day after reporting its second-quarter profit missed Wall Street expectations as the chip maker struggled with aggressive price cuts by larger rival Intel Corp.
2006-07
22 04:13:03Dow closes down 60, Nasdaq ends down 19
NEW YORK (AFX) - businessminute
Wall Street wrapped up a volatile week with a down session Friday as conflicting news from the technology sector exacerbated investors' uncertainty about earnings and sent the Nasdaq composite index to its lowest close in 14 months. The major indexes finished the week mixed after swerving sharply session to session.
2006-07
22 04:12:01BellSouth shareholders OK sale to AT&T
ATLANTA (AFX) - BellSouth Corp. shareholders Friday approved the proposed sale of their company to AT&T Inc. for $67 billion in stock. AT&T shareholders later voted to issue new stock in the combined company.
2006-07
22 02:22:33Microsoft confirms plans for iPod rival
SEATTLE (AFX) - Microsoft Corp. confirmed Friday it's working on music and entertainment products that are expected to compete with Apple Computer Inc.'s wildly popular iPod and iTunes music service.
2006-07
22 00:09:10Dow closes down 60, Nasdaq closes down 19
NEW YORK (AFX) - Wall Street wrapped up a volatile week with a down session Friday as conflicting news from the technology sector exacerbated investors' uncertainty about earnings and sent the Nasdaq composite index to its lowest close in 14 months. The major indexes finished the week mixed after swerving sharply session to session.
2006-07
21 23:29:40Deadline set for Qwest venue motion
DENVER (AFX) - A judge set an end of the month deadline Friday for Joe Nacchio to submit an expected motion seeking to move his insider trading trial from Denver, saying the former Qwest chief's attorneys have had ample time to research the issue.
2006-07
21 23:25:34Microsoft confirms plans to rival iPod
SEATTLE (AFX) - Microsoft Corp. confirmed Friday it's working on music and entertainment products that are expected to compete with Apple Computer Inc.'s wildly popular iPod and iTunes music service. For more information and to contact AFX: www.afxnews.com and www.afxpress.com