Procter & Gamble, seller of Tide laundry detergent, Gillette shaving products and Pringles chips, reported earnings declined 7% to $3.08 billion in the fiscal first quarter. Earnings from continuing operations, however, rose 2%…
It was a busy morning at IBM. The computer giant’s board of directors authorized an additional $10 billion for the company’s stock repurchase program and declared a regular quarterly cash dividend of 65 cents.
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Why did Buffett tap Combs? Based on Combs’s track record, it’s clear that he has done well in financial services stocks while limiting risk. Plus, he shares Buffett’s approach to investing — and for writing amusing investor l…
Bristol-Myers Squibb, which sells blood thinner Plavix, today reported better-than-expected third quarter earnings, mainly due to cost cuts. Revenue, however, fell short of expectations, and shares are down in trading Tuesday.
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Sony shares rose as much as 3% on Tuesday in Japan on rumors it could be a potential acquisition target of Apple. But the media reports that the traders cited were apparently just musings by columnist Eric Savitz of Barron’s.
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