Stocks Rise; Cisco Buyback Boosts Confidence
Stocks are higher on Friday, despite another day of mixed earnings and lowered forecasts.
Cisco Systems
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PowerRating) announced a $10 billion expansion of its share buyback program, taking the total up to $62 billion (read more).
Starbucks
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PowerRating) lowered its forecast for 2008, due to a slowing down of store traffic (read more).
AnnTaylor Stores
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PowerRating) Q3 profit and net sales rose, but the company nonetheless lowered its full-year ’07 outlook (read more).
Garmin
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PowerRating) shares rallying after the company extended its agreement with NAVTEQ
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PowerRating) and dropped its bid for Tele Atlas (read more).
Agilent Technologies
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PowerRating) is the biggest gainer in the S&P 500 today after the company beat estimates and announced a $2 billion share buyback program (read more).
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