Capital Region Top Stories Saratoga County Top Stories North Country Top Stories Mohawk Valley Top Stories The Berkshires Top Stories Capital News 9 Home
Click here
57º F

Interactive Viewer Center
Summer Camp Guide
900 AM

 
Wednesday Fortune Business Report
05/07/2008 02:17 AM
By: Web Staff

Stocks reversed an early downturn to finish with gains yesterday despite oil prices hitting record highs and downbeat earnings reports in the financial sector.


Here's how things start out today:
The Dow starts out at 13,020.
The Nasdaq starts at 2,483.


Cisco Systems says third-quarter profit fell 5 and a half percent on acquisition expenses. Sales at the world's biggest maker of networking equipment beat analysts' estimates, up 10 percent.


Disney, also out with earnings, said second quarter profit rose 22 percent due to more visitors at its theme parks and big box office returns from its National Treasure movie sequel. Sales were up nine and a half percent.


For the latest updates, check out the online edition of Fortune by clicking here.





advertisement
Home | Terms of Use | Privacy Policy | Contact Information | Site Map

Copyright ©2008 TWEAN News Channel of Albany, L.L.C d.b.a. Capital News 9
Web production by Tipit | Powered by News Gecko
10.11.12.219
advertisement
News 9 Cares
Headlines from Spotlightnews.com

advertisement