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HP profit plummets as PC market struggles
Feb 23rd, 2012
SAN FRANCISCO (Reuters) - Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers. The storied Silicon Valley company, which has been trying to move past the internal upheaval that marked 2011, posted quarterly sales declines in three of its key units: personal computers, printers and enterprise equipment. ... (Source: Reuters) -
Ryanair on Monday warned that profit would weaken this year owing to recession in Europe and high oil prices, after the Irish no-frills airline unveiled record earnings thanks to higher revenues. (Source: AFP)... [Full Article]
Britain unveiled a draft energy law on Tuesday aiming to plug a looming energy gap with £110 billion of investment in nuclear and renewable energy over a decade. (Source: AFP)... [Full Article]
NEW YORK (Reuters) - In its three days of trading, Facebook's stock has dropped 18 percent from its $38 (24 pounds) issue price. For the thousands of investors that bought at the IPO, that's bad enough, but one analysis of its earnings prospects suggests it could get a lot worse - more like $10 a share. Setting aside the hype and the cult... [Full Article]
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