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SAN FRANCISCO (MarketWatch) — Amkor Technology Inc. late Wednesday reported its first-quarter net income jumped to $72 million, or 36 cents a share, from $34.6 million, or 18 cents a share, a year earlier. The company’s first-quarter net income included about $9.5 million foreign currency gain
due to the depreciation of the Korean won, the […]

SAN FRANCISCO (MarketWatch) — BorgWarner Inc. said late Wednesday its board authorized a buyback of up to 5 million shares of the company’s common stock. The company said the new authorization was made in anticipation of exhausting the limited number of shares remaining under a 2000 buyback plan. BorgWarner has about 116.4 million shares […]

SAN FRANCISCO (MarketWatch) — Prudential Financial Inc. said late Wednesday that first-quarter net income came in at $77 million, or 20 cents per common share, down 92% from a year earlier when the life insurance and annuity company made $1.025 billion, or $2.18 per common share. Adjusted operating income, which excludes realized investment gains […]

SAN FRANCISCO (MarketWatch) - Symantec Corp. said Wednesday its fiscal fourth-quarter profit rose sharply, amid strong sales to both businesses and consumers. Cupertino, Calif.-based security and storage software maker Symantec said net income for the period ended in March rose to $186.4 million, or 22 cents a share, from $60.9 million, or 7 cents […]

SAN FRANCISCO (MarketWatch) — Starbucks late Wednesday reported its quarterly net income fell 28% from a year ago, undercut by a weaker U.S. economy. The coffee-shop chain also cut its target for U.S. store openings in fiscal 2008 by 155 sites to 1,020. Starbucks posted fiscal second-quarter net income of $108.7 million, or 15 […]

NEW YORK (MarketWatch)– U.S. stocks lapsed into negative territory after a rally fueled by better-than-forecast corporate earnings and first-quarter U.S. economic growth faded amid debate over the Federal Reserve’s latest rate cut and statement. However, the major indexes tallied solid monthly gains. The Dow Jones Industrial Average fell 11.81 points to 12,820.13, but gained […]

SAN FRANCISCO (MarketWatch) — The board of directors of Microsoft Corp. is meeting Wednesday to discuss the company’s unsolicited takeover bid for Yahoo Inc. , according to a report on the Web site of the Wall Street Journal. Citing unnamed sources, the article said Microsoft has signaled a willingness to raise its bid price […]

SAN FRANCISCO (MarketWatch) — Futures traders Wednesday afternoon notched up their bets that the Federal Reserve will lower rates in the next several months after a statement by the central bank gave only a slight nod to the possibility it could pause at future meetings. The July fed funds contract rose to 98.06, indicating traders […]

SAN FRANCISCO (MarketWatch) — Cablevision Systems Corp. plans to bid about $650 million to buy Tribune Co.’s Long Island daily newspaper Newsday, The Wall Street Journal reported on its Web site Wednesday, citing sources close to Cablevision executives. The Journal said the bid could come within 48 hours. News Corp. , the parent company […]

NEW YORK (MarketWatch) — Rockwell Collins Inc. said Wednesday it will supply significant pieces to the Airbus A350 XWB’s communication and landing systems. The Cedar Rapids, Iowa-based company said it wouldn’t disclose a revenue figure on the contracts until Airbus issues all of the A350 awards, but added it expects to secure more awards. […]