Stocks Mixed, Merrill Lynch’s O’Neal Out
Stocks are mixed on Tuesday, with the Dow and S&P 500 posting minor losses, while the Nasdaq is slightly higher. The big news on Wall Street today was the resignation of Merrill Lynch
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PowerRating) Chairman and CEO Stan O’Neal (full story). In a related story, BlackRock
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PowerRating) announced that Stan O’Neal also resigned from their board of directors (read more).
Procter & Gamble
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PowerRating) reported a 14% rise in Q1 profit and 8% rise in net sales. The company also issued Q2 guidance and raised its full-year 08 outlook (read more).
Colgate-Palmolive
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PowerRating) earnings rose, due to 12% worldwide sales growth (read more).
Eli Lilly
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PowerRating) announced a deal with Glenmark Pharmaceuticals and made adjustments to its Q4 numbers (read more).
Venoco
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PowerRating) reported Q3 production rose 22% and forecast full-year 07 production up 25% (read more).
Energizer Holdings
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PowerRating) Q4 profit rose, with the company citing higher sales and last year’s charges for the gains (read more).
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