Archive for August 5th, 2009

HONG KONG – Because half of the low-priced computers sold in China’s rural areas carried Lenovo’s label, the world’s fourth-largest computer maker managed to trim its losses in the quarter ending in June. Lenovo reported Thursday a net loss of 16 million for the three months through June, down from a profit of 110.5 million… »

Though June has proven to be a weaker volume month for Nasdaq OMX Group , most analysts expected a summer lull after record volatility. The exchange’s second quarter volumes of 10.7 billion were up 48% from last year but down 2% from last quarter. Nasdaq’s matched market share is beginning to stabilize; in June was… »

A year ago, Nvidia was the comeback kid. The maker of graphics processing microchips transformed itself from habitual laggard in the industry’s undercard rivalry into a premier designer of circuitry, poised to challenge Intel and Advanced Micro Devices, the reigning champions of chipmaking. But when you’re a contender, you’re also a target, and this is… »

Wall Street analysts expect the Blackstone Group’s second-quarter earnings to reach 9 cents per share, but investors are hoping for something more from billionaireSteve Schwarzman’s publicly-traded private-equity firm.Investors appear to be confident about the Blackstone Group ‘s quarterly report due Thursday. On Wednesday its stock rose 15.7%, a gain that followed Monday’s increase of 21.1%…. »

The housing industry appears to be working its way back to health, and investors will find out Thursday if the same can be said for bond insurer MBIA.Wall Street expects MBIA to report a loss of 92 cents per share on Thursday. MBIA’s report will be followed Friday by fellow bond insurer Ambac Financial which… »

Something’s amiss at exchange operator Deutsche Boerse.April to June should have been a rollicking quarter for the German operator of the Frankfurt Stock Exchange, as well as derivative exchanges Eurex and the International Securities Exchange. Stock markets picked up, raising the value of what was traded, while there was frenzied activity in the corporate bond… »

The U.S. economy is doling out fewer and fewer pink slips, as the labor market appears to be on the path of stabilization. Even so, Wall Street and Main Street are still worried that the jobless rate will stagnate and handcuff the recovery.The ADP Employer Services report found the U.S. private sector slashed 371,000 positions… »

Investors are hoping that Sirius XM Radio sales will hitch a ride from the U.S. auto sector, which is accelerating thanks to the U.S. government’s cash-for-clunkers program.Shares of Sirius XM Radio have been climbing-up nearly 30% for the week-as automakers have been crediting the Car Allowance Rebate System for recent sales surges. Sirius shareholders have… »

Investors will be tuning in to second-quarter earnings from cable provider Comcast on Thursday morning to see whether it will echo Time Warner Cable’s disappointing comments regarding growth trends for the rest of the year. Exactly a week ago, Time Warner Cable surprised the Street with sales growth and earnings that surpassed estimates. However, the… »

It’s been a rather tragic, double whammy for Lloyds Banking Group: Not only does the lender’s deep involvement in domestic retail banking mean its fortunes are dangerously tied to Britain’s economic ups and downs, it has had to deal with billions of dollars worth of bad assets brought on from its controversial takeover of mortgage… »