Top drug companies' earnings beat forecasts
(Reuters)
Reuters - The world's two biggest drugmakers,
Pfizer Inc and GlaxoSmithKline Plc , both beat
expectations for quarterly earnings on Wednesday, as did Wyeth
, indicating the sector's resilience.
Reuters - Boeing Co reported a
greater-than-expected 19 percent drop in quarterly profit on
Wednesday as it took a charge on a delayed military plane
contract and suffered knock-on effects of its troubled 787
Dreamliner program.
Reuters - Stocks were little changed at the open
on Wednesday as a decline in shares of banks and retailers
offset optimism about a pullback in oil prices.
Moderate and lower earners under more pressure
(Reuters)
Reuters - The trouble that began last summer
in the financial markets raised the likelihood of a U.S.
recession, but for America's middle class, the downturn has
been under way for many years, experts plan to tell a
congressional panel on Wednesday.
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DNS Security Flaw Leaked Before Patches Applied
(NewsFactor)
NewsFactor - A major flaw in the Internet infrastructure was leaked to the public Monday before many IT directors had the chance to apply security patches. The flaw was discovered weeks ago by Dan Kaminsky, a security expert at IOActive, who has worked with industry leading software developers investigating Internet vulnerabilities.
VMware forecast disappoints, shares tumble
(Reuters)
Reuters - Business software maker VMware Inc
issued a revenue outlook on Tuesday that fell far short
of expectations, saying customers were delaying purchases or
opting for smaller and shorter contracts due to a weak economy.