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Savvy Investor

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Consumer Electronics Makers Show Strength

Oct 30, 2009
Sony posted its fourth consecutive quarter of losses Friday, hurt by a strong Japanese yen and sluggish sales. But an aggressive cost-cutting drive and brightening outlook for the global economy encouraged the maker of PlayStation game consoles to trim...

Glaxo Profit Beats Estimates, Vaccine Sales Decline

Oct 28, 2009
GlaxoSmithKline Plc said third- quarter profit rose 30 percent after currency gains boosted revenue. Vaccine sales declined because of a “phasing” of shipments including swine flu shots.

Tech sector slides as AMD shares tumble

Oct 28, 2009
The tech sector slid early Wednesday as shares of Advanced Micro Devices fell at the opening bell on reports that its former chief executive may have played a role in the Galleon insider-trading case.

UPS profit down 43% on fewer package shipments

Oct 22, 2009
UPS reported Thursday third-quarter net income fell 43% from a year ago as it shipped fewer packages at less-profitable rates.

FDA Delays Decision On Amgen Bone Drug For Added Info

Oct 19, 2009
The Food and Drug Administration delayed its approval decision on Amgen Inc.’s (AMGN) osteoporosis treatment denosumab, as it seeks more information from the drug maker. It is unclear how long it will tak...

Obama and GOP differ over recipe for US jobs, economy

Nov 26, 2009
By Douglass K. Daniel WASHINGTON (AP) – President Barack Obama and a top House Republican acknowledged in holiday messages Thursday the economic struggles facing Americans this Thanksgiving but offered starkly different recipes for relief. AP –...

China announce plans to boost energy efficiency

Nov 26, 2009
BEIJING (AP) – China says it is aiming for a big boost in energy efficiency by cutting carbon dioxide emissions per unit of gross domestic product by up to 45 percent by 2020. The announcement from the State Council, or Cabinet, comes ahead of next...

Alternative Energy Becoming a Little Less Alternative

Nov 26, 2009
The Energy Report – Over the years things like hybrid vehicles have gone from kooky concept to a common day commuter. Victor Goncalves of The Green Money Report examines how the growth of hybrid vehicles on the road will affect the rare earth market....

Dubai debt fears hit world markets hard

Nov 26, 2009
By Pan Pylas LONDON (AP) – World stock markets fell sharply Thursday as investors fretted over the debt problems at Dubai World, a government investment company, and the continued fall in the dollar. Markets are usually relatively quiet when Wall...

Tiffany Profit Tops Analyst Estimates on Sales Gains

Nov 25, 2009
(Bloomberg) – Tiffany & Co., the world’s second- largest luxury-jewelry retailer, reported third-quarter profit that topped analysts’ estimates and boosted its full-year forecast as revenue grew in Asia and Europe. The shares gained. Net income...


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