Group items tagged

"Standard Chartered has forecast that it may achieve high single-digit revenue growth in the first half and maintain its targets for the full year. It said revenue from markets including China, Indonesia and Malaysia is expected to grow by 10 percent or more."

"France said that it will need to cut its economic growth forecasts for this year and next, pointing towards the need for greater austerity than what Socialist President François Hollande had promised."

"Although, Alcoa posted a second-quarter loss from a year-ago profit, mainly because of high charges and weak aluminum prices, it backed its forecast for high global demand later in the year after an increase in orders from the auto and aerospace industries."

"The shares of Acme Packet Inc dropped 16 percent as it forecast quarterly results that fell far short of expectations, amid a broad selloff in the technology sector. It said that lower forecast was the result of continued weakness in its North American business."

"After sacking workers in Rhode Island and Maryland, 38 Studios had filed for bankruptcy protection on June 7 as it was late on a $1.1 million payment to Rhode Island in connection with a $75 million state loan guarantee. The sales of its debut game were not up to expectations and the company did not get any cash by selling it. "

"Top chip gear maker Applied Materials Inc has reduced its full-year targets due to a sudden decline in orders from its biggest market towards the end of the current quarter. Concern about a declining trend in global technology spending has also hit Asian chip firms. "