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Olympus jumps more than 13 percent on third-party report
TOKYO - Olympus Corp shares rose more than 13 percent on Tuesday, continuing its climb from the last session after it said a third-party panel investigating an accounting scandal found no evidence of funds from M&A; deals flowing to organized crime syndicates.
HP seeks stability in 2012 after rocky year
SAN FRANCISCO - Hewlett-Packard Co will ramp up spending on research, sales and turning around its flagging services arm in 2012, after its fourth-quarter profit fell nearly 91 percent on weak computer sales.
Focus Media plunges on Muddy Waters allegations
- Shares of prominent Chinese digital media and advertising company Focus Media Holding Ltd plunged as much as 66 percent on Monday, after short-selling firm Muddy Waters accused the company of "significant overstatement of the number of screens in its LCD network," among other charges.
Netflix to sell convertible debt to raise capital
- Video rental company Netflix Inc said late on Monday that it agreed to sell $200 million of convertible debt to long-time backer Technology Crossover Ventures to raise new capital.
Brocade sees stronger Q1, shares rise
- Brocade Communications' quarterly results trumped Wall Street estimates and the data storage gear maker forecast first-quarter profit above expectations as the company's share buyback program bears fruit.
Collective Brands continues to see margin pinch
- Collective Brands Inc expects margin pressures to continue in the current quarter as the shoe retailer got stuck with pre-ordered inventory.
Trina Solar slides to quarterly loss
- China's Trina Solar Ltd posted a quarterly loss on Monday as the rapid slide in prices for solar panels eroded margins and it said panel shipments would drop in the current quarter, sending its shares lower.
JMP cuts RIM as competition for low-end market
- JMP Securities downgraded Research in Motion saying it doubts the BlackBerry maker can bring its new phones to market in time, even as pricing competition in countries like India heats up.
JinkoSolar sees weak Q4 shipments, revenue
- Chinese solar company JinkoSolar Holding Co forecast fourth-quarter revenue below analysts expectation and sees sequentially lower quarterly shipments.
Dycom Q1 beats, shares rise
- Construction services provider Dycom Industries Inc posted better-than-expected quarterly results, helped by higher demand from its telecommunication and oil and gas customers.
No related earnings announcements are currently scheduled within the next 7 days.
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