Worse-than-expected earnings reports and higher oil prices continued to slide Nasdaq as tech stocks tumble
Media Release
Jul. 13, 2006

The Nasdaq widened the previous session’s losses early on Thursday, as a combination of worse-than-expected earnings reports and higher oil prices continued to shake investor confidence, taking a heavy toll on the already benighted technology sector.

Pepsi earnings up 14% and lifts its lifted its full-year earnings target
Media Release
PepsiCo on Thursday reported a better-than-expected 14 per cent increase in second quarter net profits and lifted its full-year earnings target.
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Worse-than-expected earnings reports and higher oil prices continued to slide Nasdaq as tech stocks tumble
Media Release
The Nasdaq widened the previous session’s losses early on Thursday, as a combination of worse-than-expected earnings reports and higher oil prices continued to shake investor confidence, taking a heavy toll on the already benighted technology sector.
READ MORE>>

Bertelsmann and Sony's merger invalidated by European court
Media Release
Impala, the group representing an alliance of independent European record labels that sought the merger invalidation has been asked to bear 25% of costs....
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EMI shares tumbled 9% in London after reversal of European Commission's approval of Sony-BMG's recorded music venture
Media Release
EMI shares tumbled 9% in London after European Commission's approval of Sony-BMG's recorded music venture was reversed.
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Six airports of Germany's Fraport achieved 7.6% growth in passenger traffic to 33.9 million in June
Media Release
Six airports of Germany's Fraport achieved 7.6% growth in passenger traffic to 33.9 million in June.
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German generic drugmaker Stada Arzneimittel sells its U.S. subsidiary Stada Inc. to Dava Pharmaceuticals for around $40 million
Media Release
German generic drugmaker Stada Arzneimittel sells its U.S. subsidiary Stada Inc. to Dava Pharmaceuticals for around $40 million.
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The benchmark Israeli stock-market index, the TA-25, dropped 4.4% in Tel Aviv on Middle East tensions
Media Release
The benchmark Israeli stock-market index, the TA-25, dropped 4.4% in Tel Aviv on Middle East tensions after Israel vlocks Lebanon by Air and Sea.
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European shares opened to the downside and are eccelerating downwards fast
Media Release
The U.K. FTSE 100 index lost 0.7% at 5,818, the German DAX Xetra 30 index declined 1.3% at 5,563 and the French CAC-40 index declined 1.1% at 4,885.
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Italian gas utility Edison SpA was upgraded to equal-weight from underweight by Morgan Stanley
Media Release
Italian gas utility Edison SpA was upgraded to equal-weight from underweight by Morgan Stanley
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