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FeedMarket highlights for next week: Best Buy, Circuit City to report earnings
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Continue reading Market highlights for next week: Best Buy, Circuit City to report earnings
Before the bell: MAT, NOK, YHOO, GOOG, BRCM, QCOM
Main market news here: Before the bell: Futures advance on central banks' effortsTop toymaker Mattel Inc. (NYSE: MAT) may initiate another recall after again finding excessive lead levels in some toys' paint. Mattel recalled some 1 million Fisher Price toys earlier this month.
Cell-phone maker Nokia Corp. (NYSE: NOK) is replacing 46 million batteries made by Matsushita Electric Industrial (NYSE: MC), saying the batteries are subject to overheating.
A consumer satisfaction survey out of the University of Michigan showed Yahoo! (NASDAQ: YHOO) rated higher than Google (NASDAQ: GOOG).
In the wake of a series of courtroom setbacks vs. rival Broadcom (NASDAQ: BRCM), chipmaker Qualcomm (NASDAQ: QCOM)'s head counsel has resigned.
Before the bell: GOOG, JNJ, GM, TM, BBI, CPB
Main market news here: Before the bell: Futures fall on funds' suspensionGoogle Inc. (NASDAQ: GOOG) is testing a feature that will display comments from figures in the news alongside any stories featuring them.
Johnson & Johnson (NYSE: JJ) is suing the American Red Cross, seeking to stop Red Cross' business partners from using the cross emblem on first aid products sold to the public.
General Motors (NYSE: GM) and Toyota Motor Corp. (NYSE: TM) both lowered their sales forecasts for the auto industry Wednesday, saying rising fuel prices and credit market weakness had softened the automobile market.
Blockbuster Inc. (NYSE: BBI) has acquired Movielink LLC, an online film download service owned and operated by six major movie studios.
Campbell Soup Co. (NYSE: CPB) said Thursday that it may sell off its money-making Godiva Chocalatier business because the decadent sweets don't fit with its focus on healther foods.
Before the bell: Friday's plunge points to slight rebound
Futures rose about 0.4% across the board Monday and stocks were poised to moderately advance following the Dow's dismal 281-point drop on Friday, its third-worst performance this year.Companies reporting earnings Monday include Conseco (NYSE: CNO), EMC Corporation (NYSE: EMC) and Spectra Energy (NYSE: SE).
Stocks slipped in Europe and Japan, with the Nikkei falling 0.4 percent to 16,914.46. The dollar declined against the euro and fell 0.2% against the yen.
Traders await Tuesday's rate decision from the Federal Reserve. The Fed is expected to maintain rates at 5.25%.
Corporate news
Bear Stearns Cos. (NYSE: BSR) has ousted co-president Warren Spector, holding him responsible for two slumping hedge funds that touched off the recent decline in credit markets.
Broker UBS upgraded Merrill Lynch (NYSE: MER) to "buy."
Pharmaceutical firm Merck (NYSE: MRK) is feeling pressure as a British probe into an outbreak of foot and mouth disease has led authorities to seal off a lab co-owned by Merck and French counterpart Sanofi-Aventis SA.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
