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Earnings, Fed to prove skeptics wrong
Apr 21st, 2012
NEW YORK (Reuters) - After a strong first quarter, Wall Street has gotten a case of the jitters. A spike in bond yields has brought Europe's debt crisis back to the forefront. U.S. economic figures point to steady-but-uninspired growth, and stocks have backed off the sharp gains that recently pushed indexes to near four-year highs. Stocks returned a bit to their winning track this week after strong earnings reports, and investors are waiting to see if more positive surprises from U.S. companies are in store. ... (Source: Reuters) -
MUMBAI (Reuters) - Shares in Tech Mahindra Ltd rose as much as 6.8 percent on Wednesday after its January-March quarter net profit rose 24 percent, beating estimates. Tech Mahindra said its March-quarter consolidated net profit rose 24.4 percent to 3.77 billion rupees. The results came out after the close of markets on Tuesday. (Reporting by Abhish... [Full Article]
SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company i... [Full Article]
By Andrew Osborn LONDON (Reuters) - Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax. In comments designed to politically outflank Prime Minister David Cameron ahead o... [Full Article]
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