SAN FRANCISCO (Reuters) - Hewlett-Packard Co , the world's largest personal computer maker, issued a better-than-expected quarterly profit and outlook on Monday, driven by strong sales of notebook computers.
NEW YORK (Reuters) - Citigroup Inc shares suffered a fresh beating on Monday after Goldman Sachs & Co downgraded the stock to "sell" from "neutral," and said the largest U.S. bank may have to write off $15 billion over the next two quarters as mortgage losses reduce earnings.
NEW YORK (Reuters) - The Dow and the S&P 500 fell to their lowest levels in three months on Monday after a broker downgrade of Citigroup sparked concerns more mortgage losses may lie ahead, compounding doubts about the outlook for the economy.
ATLANTA (Reuters) - Retailer Lowe's Cos Inc said on Monday its third-quarter profit fell 10 percent and it cut its full-year forecast as the U.S. housing slump hurt sales, sending its shares to a four-year low.
LOS ANGELES (Reuters) - Upscale department store chain Nordstrom Inc. reported higher quarterly net earnings on Monday, helped by a gain from the sale of its Faconnable business and an extra week compared with the same period last year.
CHICAGO (Reuters) - Medtronic Inc. on Monday said quarterly net earnings fell 2 percent from a year ago as the recall of a component used with its implantable devices to treat abnormal heart rhythms hurt revenue.
NEW YORK (Reuters) - Home builder sentiment stayed at a record low in November, weighed down by a record supply of unsold homes lingering on the market, an industry group said on Monday.
WASHINGTON, Nov 19 (Reuters) - Two U.S. senators on theantitrust subcommittee urged the Federal Trade Commission'schairman to submit Google Inc's purchase ofadvertising company DoubleClick to "serious scrutiny."
NEW YORK (Reuters) - Xerox Corp said on Monday that it would pay its first quarterly dividend since 2001 and issued a strong earnings forecast for the next two years, citing demand for digital color printing and services.
DETROIT (Reuters) - General Motors Corp on Monday said it was offering zero-percent financing to clear out 2007 inventory as fears of a weaker auto market and GM's own exposure to the subprime mortgage meltdown precipitated a drop in its stock.
