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Savvy Investor

Market insight, news, analysis.
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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...


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