Sluggish Opening
Stocks appeared set to open weaker
Friday.
AOL Time Warner
(
AOL |
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Chart |
News |
PowerRating) said the
company is moving toward buying British magazine publisher IPC Media.
Kimberly-Clark
(
KMB |
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Chart |
News |
PowerRating) announced the
company is lowering Q2 earnings to 81 cents a share. Analysts’ estimates for the
quarter were for 84 cents.
E-Loan
(
EELN |
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Chart |
News |
PowerRating) said Charles Schwab
(
SCH |
Quote |
Chart |
News |
PowerRating) has committed to provide the company with $5 million in new financing
through the purchase of convertibles.
Pharmaceutical companies Glaxo Smith
Kline Plc. and Watson Pharmaceuticals
(
WPI |
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Chart |
News |
PowerRating) have settled a patent dispute
over the antidepressant drug Wellbutrin SR.
Advanced Micro Devices Inc.
(
AMD |
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Chart |
News |
PowerRating)
reported Q2 earning at 5 cents per share. According to Thomson Financial/First
Call analysts’ lowered estimates were for 4 cents a share.
RSA Security
(
RSAS |
Quote |
Chart |
News |
PowerRating) reported Q2
earnings of 17 cents. According to a survey taken by Thomson Financial/First
Call, analysts expected a profit of 18 cents.
ABN Amro reiterated its Buy rating on
AT&T Wireless
(
AWE |
Quote |
Chart |
News |
PowerRating).
Juniper Networks
(
JNPR |
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Chart |
News |
PowerRating) was
upgraded by Robertson Stephens to a Strong Buy from Buy.
Nautica Enterprises
(
NAUT |
Quote |
Chart |
News |
PowerRating)
reported earnings for Q1 earnings at 9 cents a share, in line with analysts’
expectations based on a poll taken by Thomson Financial/First Call.