HTC tumbles again; growth potential in doubt

HTC tumbles again; growth potential in doubt Stock Market PredictionsTAIPEI (Global Markets) - Unnerved by a second profit warning in a month, investors sent HTC Corp shares tumbling for a second straight day on Friday on concern the world's No.4 smartphone maker may be running out of ideas in an increasingly competitive market. The popularity of Apple iPhones and Samsung Electronics' Galaxy line-up, coupled with recession-weary shoppers and long-running lawsuits, have taken the gloss off what was one of the industry's biggest success stories.With...

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RIM may warn on BlackBerry shipments, analyst says

RIM may warn on BlackBerry shipments, analyst says Stock Market Predictions(Global Markets) - Shares of Research In Motion dropped nearly 5 percent on Thursday after an influential analyst said RIM would likely warn that it came up short on BlackBerry shipments this quarter and offer an even bleaker outlook for its flagship smartphone. The latest version of the smartphone - using the legacy BlackBerry 7 operating system that RIM will replace later this year - has failed to impress demanding U.S. consumers, Jefferies analyst Peter Misek wrote in...

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Newell profit tops estimates; raises dividend

Newell profit tops estimates; raises dividend Stock Market PredictionsNEW YORK (Global Markets) - Newell Rubbermaid Inc's (NWL.N) quarterly profit beat Wall Street expectations on strength in emerging markets and price increases. The maker of Sharpie pens and Rubbermaid storage containers said it was on track to meet its full-year outlook and will raise its quarterly dividend by 60 percent to 8 cents a share. Its shares were up 1.3 percent at $19.99 in premarket trading on Friday.Newell has raised prices of some products to offset rising oil and...

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Accuray shares plunge on weak quarter

Accuray shares plunge on weak quarter Stock Market PredictionsBANGALORE (Global Markets) - Shares of Accuray Inc (ARAY.O) sank 13 percent on Friday morning, a day after the CyberKnife system maker posted a quarterly loss that missed expectations. The CyberKnife system, used to treat cancer, applies high doses of radiation to destroy the tumors."The reason for the shares slide is that the market thinks this is a distracted company," Soleil Securities' senior medical technology analyst Junaid Husain told Global Markets.The company is in the middle...

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Gulf airline expansion to roll on despite European turbulence

Gulf airline expansion to roll on despite European turbulence Stock Market PredictionsDubai (Global Markets) - Gulf airlines and lessors could splash out more than $20 billion on Airbus (EAD.PA) and Boeing (BA.N) jets at next week's Dubai air show, underscoring the region's role as the industry's chief paymaster amid Europe's worsening sovereign debt crisis. Emirates is in talks for a hefty order of at least 30 and possibly as many as 50 Boeing 777 long-range aircraft worth $8.5 billion to $14.5 billion and Qatar Airways is expected to place a...

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No merit to report of Akamai-Google deal: source

No merit to report of Akamai-Google deal: source Stock Market PredictionsSAN FRANCISCO (Global Markets) - A report on Wednesday that Akamai Technologies Inc was close to being acquired by Google Inc is without merit, according to a person familiar with the matter. Shares of Akamai jumped more than 11 percent at one point in after hours trading on Wednesday, following the report by technology blog Business Insider citing "multiple ad tech sources" who were not identified.A source familiar with the matter told Global Markets that the report of a...

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Buffett believes reputation after Sokol still intact

Buffett believes reputation after Sokol still intact Stock Market PredictionsOMAHA, Nebraska (Global Markets) - Warren Buffett believes his reputation is intact, the U.S. economy needs more jobs and that Donald Trump is not going to be the next president. He offered those and dozens of other opinions in a wide-ranging news conference on Sunday that capped off the annual meeting weekend for Berkshire Hathaway, his ice-cream-to-insurance conglomerate.Buffett also told Global Markets Insider in an interview that none of the people on Berkshire's...

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Nvidia shares dip as investors eye mobile chips

Nvidia shares dip as investors eye mobile chips Stock Market PredictionsSAN FRANCISCO (Global Markets) - Investors focused on slower-than-expected growth in chipmaker Nvidia Corp's (NVDA.O) mobile business following strong quarterly earnings and sent its stock lower. Nvidia's shares were up 11 percent on Friday after the Santa Clara, California company's forecast beat expectations late the day before, but the stock later lost its gain and was down 5 percent.Many investors have turned to Nvidia because of its Tegra mobile processors for tablets...

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MF Global stock, bonds fall again as clouds darken

MF Global stock, bonds fall again as clouds darken Stock Market Predictions(Global Markets) - Shares of MF Global Holdings Ltd hit another all-time low and bonds were in freefall on Friday as troubles intensified for the U.S. futures brokerage that is looking to sell off units in order to retain customers, and to survive. The company run by former Goldman executive Jon Corzine has shed 62 percent of its market capitalization this week, after it posted a quarterly loss, and after two ratings agencies cut its debt rating to junk.MF Global stock dropped...

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Prediction's came true about Sensex will touch 12000

As per Vedic Astrology after 15th April 2009 Sun, which is lord of the 5th house of Stock Market as per Kalpurusha Kundali (Horoscope), will enter in his exalted sign i.e. Aries. On the date of Sun ingress transit Moon will be in trine aspect with transit Sun. Venus, significator of wealth and luxury, will be occupying in its exalted sing i.e. Pisces and depositor of Venus will be in sextile aspect, all these planetary position indicates that BSE...

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Low prices help McDonald's beat profit expectations

Low prices help McDonald's beat profit expectations Stock Market PredictionsLOS ANGELES (Global Markets) - McDonald's Corp (MCD.N) reported a higher-than-expected quarterly profit on Friday as low prices brought in strong sales in Europe and the United States. The company's share price rose 3.1 percent. June sales at restaurants open at least 13 months were far stronger than analysts expected. During the month, same-restaurant sales were up 6.9 percent in the United States, 9.1 percent in Europe and 4.8 percent in the Asia/Pacific, Middle East...

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P&G results top views; quarter outlook falls short

P&G results top views; quarter outlook falls short Stock Market PredictionsCHICAGO (Global Markets) - Procter & Gamble Co is likely to miss Wall Street earnings estimates this quarter as it has not yet pushed through all its price increases that are meant to help deal with higher commodity costs. Sluggish economies in major markets such as the United States also weighed on the company.The world's largest household products maker posted a bigger-than-expected rise in fourth-quarter profit on Friday, aided by cost cuts, some early price...

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Mattel 2nd-quarter profit tops Wall Street estimates

Mattel 2nd-quarter profit tops Wall Street estimates Stock Market PredictionsNEW YORK (Global Markets) - Mattel Inc (MAT.O), the world's largest toy company, reported a higher-than-expected quarterly profit on strong sales of its Barbie dolls and toys based on the "Cars 2" movie. The sales increase shows the growing global reach of Mattel. International sales increased 12 percent, excluding currency fluctuations."They're looking to have a great year," said Wedbush Securities analyst Edward Woo. "They've gained market share and they're likely to...

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TiVo approves shares buyback

TiVo approves shares buyback Stock Market PredictionsNEW YORK (Global Markets) - TiVo Inc (TIVO.O), the digital recorder maker, said it would buy back $100 million of its a stock, which boosted shares by 5 percent on Friday. The company plans to repurchase shares over the next two years with its existing cash.In May, TiVo settled a long and costly patent infringement lawsuit involving its video recording technology with Dish Network (DISH.O) and EchoStar Corp (SATS.O).As part of the settlement, Dish and EchoStar paid Tivo $300 million, and will...

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Stock Market and Astrological Planets

SUN--The Sun rules gold, gilt-edged stock and Government Securities, and the general tone of the Market. It does not materially affect the Market itself, except as it forms aspects to other planets, and its influence is exerted thru the sign in which it is placed. Favorable aspects increase the value of Government securities of the country ruled by the sign, and bad aspects depress it.MOON--The Moon is not a particular significator of anything. Its passage thru a sign stimulates the commodities ruled by the sign, and often those of the opposite...

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GSV Capital offers shares at deep discount

GSV Capital offers shares at deep discount Stock Market Predictions(Global Markets) - GSV Capital Corp (GSVC.O) priced its offering of 6 million shares at a deep discount to boost its stake in Facebook Inc and fund its investments in other internet companies such as Twitter and Dropbox. The company said its common stock offering was priced at $15 apiece, a discount of 23 percent to its Thursday close.In June, the company said it had bought 225,000 shares in Facebook at an average price of $29.28 each and that the $6.6 million investment in Facebook...

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E*Trade shares tumble 11 percent after soft results

E*Trade shares tumble 11 percent after soft results Stock Market Predictions(Global Markets) - Shares of E*Trade Financial (ETFC.O) tumbled 10.7 percent after the company reported a surprising loss late on Wednesday, due to higher-than-expected loan provisions in its troubled banking unit and a slowdown in trading levels. The online brokerage and financial services company's shares tumbled 11.6 percent, or $1.09, to $8.25 in morning tradingE*Trade reported a net loss of $6.3 million, or 2 cents a share in the fourth quarter, compared with a loss...

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Radian writes more business as housing recovers

Radian writes more business as housing recovers Stock Market Predictions(Global Markets) - Radian Group Inc (RDN.N) said its unit Radian Guaranty wrote new business worth $6.5 billion in the fourth quarter, as the housing market shows signs of recovery and the mortgage insurer benefits from fewer players in the market. The U.S. housing downturn caused mortgage insurers PMI Group PPMIQ.PK and Triad Guaranty (TGIC.OB) to go bust and led others like Old Republic (ORI.N) to stop writing new insurance.However, better capitalized insurers like Radian,...

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Dillard's margins fall short, shares slump

Dillard's margins fall short, shares slump Stock Market Predictions(Global Markets) - Dillard's Inc's (DDS.N) quarterly net income rose 85 percent, but its shares fell 11 percent as the department store chain reported a lower retail gross margin than analysts had expected. Key Points- Sales at stores open at least a year, or same-store sales, rose 5 percent, besting larger rivals Macy's Inc (M.N), J.C. Penney Co Inc (JCP.N) and Kohl's Corp (KSS.N).- Dillard's, based in Little Rock, Arkansas, had 288 stores as of October 29, down from 296 a year...

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Verizon ditches $2 fee after customer uproar

Verizon ditches $2 fee after customer uproar Stock Market PredictionsNEW YORK (Global Markets) - Verizon Wireless has reversed its decision to charge a $2 fee for telephone and online bill payments, bowing to a storm of criticism from consumers and the U.S. communications regulator. The biggest U.S. wireless operator retracted its decision on Friday, just a day after it announced the fee for one-time payments, which was to have begun January 15.The consumer victory comes after Bank of America recently decided against a new $5 monthly fee for debit...

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Satyam has loose Rs 10,000 Cr in Market Capitalization

Beleaguered software services major Satyam Computers on Wednesday bit the dust on the bourses and lost as much as Rs10,000 crore in market capitalisation (m-cap) in a single trading session, after the scrip dipped to hit an all-time low level.It saw a massive value erosion and fell nearly 80%, after the management revealed malpractices in accounting methods. The company had a market capitalisation of Rs12,067.98 crore on Tuesday and by the end of Wednesday’s trading session its m-cap stood at Rs2,691.88 crore.The scrip, which fell by as much as...

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RIM caps dismal year with another profit warning

RIM caps dismal year with another profit warning Stock Market PredictionsTORONTO (Global Markets) - Research in Motion booked a huge charge to write down inventories of its unloved PlayBook tablet on Friday, capping a dismal year with a steep profit warning that sent its shares tumbling almost 10 percent. Waterloo, Ontario-based RIM, the company whose now ubiquitous BlackBerry created the concept of on-the-go email, said it no longer expects to meet its full-year earnings forecast due to weak sales, the PlayBook writedown and a charge related to...

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Commercial Metals shifts stance and to review Icahn's offer

Commercial Metals shifts stance and to review Icahn's offer Stock Market Predictions(Global Markets) - Commercial Metals (CMC.N) said it will review billionaire investor Carl Icahn's $1.73 billion buyout offer, just days after dismissing it as "substantially undervalued" and "opportunistic." "Consistent with its fiduciary duties, Commercial Metals' board, in consultation with its independent financial and legal advisers, will review the offer," the company said in a statement.The company said the board intends to advise stockholders of its formal...

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Mixed fortunes for new entrants at the markets

Mixed fortunes for new entrants at the markets Stock Market Predictions(Global Markets) - Investors warmed up to two of the three companies making their debut on Friday, flocking to shares of specialty retailer Mattress Firm Holding (MFRM.O), while shunning those of Intermolecular (IMI.O), which fell below the offer price. The other entrant, Manning & Napier (MN.N), which offers investment management services, was trading up 4 percent at $12.42 on the New York Stock Exchange, having priced the offer below its expected range.The companies made...

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GE ups dividend for fourth time in 18 months

GE ups dividend for fourth time in 18 months Stock Market Predictions(Global Markets) - General Electric Co (GE.N) said on Friday it is raising its quarterly dividend by 13 percent, marking the fourth time the largest U.S. conglomerate has increased the payout since July 2010 and sending its shares up 3.6 percent. The series of increases -- totaling 70 percent -- were intended to signal that the world's largest maker of jet engines and electric turbines had recovered from the 2008-2009 financial crisis, when it slashed its payout to conserve cash.But...

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GE to open technology center in New Orleans

GE to open technology center in New Orleans Stock Market Predictions(Global Markets) - General Electric Co's (GE.N) financial services arm will open a new technology center in New Orleans, creating 300 jobs over three years, the largest U.S. conglomerate said on Friday. The center, which will open in mid-2012, will focus on creating new software and processes for the GE Capital business, the company said.GE chief executive Jeff Immelt said this week wage differences between the United States and other countries were narrowing and it saw an opportunity...

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VOC Energy Trust up in NYSE debut

VOC Energy Trust up in NYSE debut Stock Market PredictionsNEW YORK (Global Markets) - Shares of VOC Energy Trust (VOC.N), which invests in oil and natural gas production in Kansas and Texas, rose in their debut on the New York Stock Exchange on Thursday after the initial public offering priced at the top of the proposed range. Shares were at $22, or 4.8 percent above their IPO price in early trade on the New York Stock Exchange.VOC Energy Trust raised $232.8 million in the IPO on Wednesday, selling 11.09 million trust units for $21 each. It had...

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Argonaut Gold Q2 production up 73 percent

Argonaut Gold Q2 production up 73 percent Stock Market PredictionsBangalore (Global Markets) - Canada's Argonaut Gold Inc (AR.TO) said quarterly gold production at its El Castillo Mine in Mexico rose 73 percent, and said it was on track to meet its full-year production forecast. Argonaut Gold said quarterly gold production at its El Castillo Mine -- the company's biggest mine -- was 17,453 ounces, compared with 10,066 ounces last year.The company, which also operates the San Antonio and the La Colorada project in Mexico, said gold produced at...

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Oracle miss sparks Wall St fears of spending cuts

Oracle miss sparks Wall St fears of spending cuts Stock Market Predictions(Global Markets) - Oracle Corp's dismal quarterly results sent shock waves across the technology sector as investors feared they may have overestimated the resilience of corporate tech spending in a deteriorating global economy. The first earnings miss in a decade from Oracle, whose fiscal second quarter ended on November 30, drove its shares down more than 11 percent on Wednesday, destroying about $20 billion of market value. The shortfall from the No. 3 software maker also...

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Viterra profit jumps 80 percent on big Australia crop

Viterra profit jumps 80 percent on big Australia crop Stock Market PredictionsWINNIPEG, Manitoba (Global Markets) - Viterra Inc (VT.TO) reported an 80 percent rise in quarterly net profit on Thursday, bolstered by brisk South Australian crop shipments. Canada's biggest grain handler said record-high crop shipments from South Australia boosted earnings even as wet weather delayed planting in Western Canada and hurt sales of farm products like seed and chemicals.Viterra's Australia crop-handling network of elevators and port terminals has given...

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