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Trader's Blog
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Today's News
AP Top Financial News At 6:50 p.m. EDT
11 hours ago
Median CEO pay rises to $9.7 million in 2012 HP's 2Q offers hope even as revenue slump deepens Penney secures $2.25B loan as it seeks turnaround
HP's 2Q offers hope even as revenue slump deepens
11 hours ago
Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be paying off. Even as HP's revenue declined at the fastest rate yet in a nearly two-year slump, the company delivered fiscal second-quarter earnings that topped the estimates of both its own management and the analysts who influence investor perceptions.
LYB to buy back shares, increase dividend
11 hours ago
LyondellBasell Industries NV said Wednesday that it will buy back shares, increase its dividend and update its board. The company, which refines oil and makes chemicals and plastics used in manufacturing and construction, is based in the Netherlands. LyondellBasell said that shareholders at the company's annual meeting approved a plan to repurchase up to 10 percent of the company's outstanding stock. The board plans to make the purchases over the next 12 months. The company has about 575 million shares outstanding.
Synopsys 2Q income up absent acquisition charges
11 hours ago
Software maker Synopsys Inc. said Wednesday that its net income more than tripled in the fiscal second quarter compared with a year ago, when costs tied to an acquisition weighed down profit. Excluding one-time items, per-share earnings rose to 66 cents from 53 cents. Revenue grew 15 percent, to $499.3 million from $432.6 million.
