Friday, January 22, 2010
U.S. stocks open lower as tech earnings lag
U.S. STOCKS OPEN LOWER AS TECH EARNINGS NOT UP TO EXPECTATION
U.S. stocks open lower on Friday as materials lag and earnings in the
technology sector fail to meet high expectations.
STOCK MARKET CORRECTING AMID MOSTLY UPBEAT RESULTS
The numbers and the U.S. stock market's reaction are telling different
stories about the results early on in the earnings reporting season.
UPDATES, ADVISORIES AND SURPRISES
A roundup of the latest corporate earnings reports and what companies
are saying about future quarters.
GE SEES A 'SOLID' RETURN TO GROWTH IN 2011
General Electric posts net income that fell 19% in the fourth quarter,
a result better than analysts had expected, as the industrial and
financial-services giant says it saw several "encouraging signs" at
year-end."
JOHNSON CONTROLS SWINGS TO PROFIT; SHARES JUMP
Shares jump more than 5%, bucking a decline in the broader market
after the auto-parts maker says it swung to a first-quarter profit and
also lifted its 2010 forecast.
