The Dow surged Tuesday on reports the European Union is hatching a plan to end the Greek debt crisis. But just because the blue-chip index sits above 10,000 again doesn't mean the latest threat to equities is over. Investors should brace themselves for more tremors to come.
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Salaried employees hoping their 2010 annual raise will provide some relief as they attempt to recover from the worst economic downturn in 80 years are likely to be disappointed: Raises for U.S. workers may barely keep pace with inflation this year. The average company will budget just 2.8% of its salary pool for wage increases -- the first time in more than two decades that number has fallen below 3%.
Web giant Google unveiled a new social-networking product called Google Buzz, but initial reactions to this souped-up version of its Gmail service were not positive. Some wonder whether Google's new offering may be too little, too late to stem the explosive growth of Facebook and Twitter.
With results lagging, the software giant just replaced its CEO. That means a hard look at costs might be unavoidable because expenses are way out of line compared to those of rivals such as Microsoft and Google. And that means layoffs may be looming.
Much of the biotech's future rests on the experimental bone drug denosumab, to be sold commercially as Prolia. The drug has had its ups and downs, but Amgen says a pivotal Phase 3 clinical trial pitting denosumab against Novartis's Zometa showed that denosumab worked better.
Take a stroll up Madison Avenue and one will see a number of vacant storefronts with "for lease" signs in the windows that are too numerous to count. But that isn't stopping Hermes, which will open its first store dedicated to men's ready-to-wear, accessories on Wednesday. $8,500 handcrafted baseball mitt, anyone?
Walt Disney Co.'s fiscal first-quarter net income showed a net profit of $844 million, down slightly from a year earlier, but revenues were up 1% to $9.7 billion -- in part because the parks' New Year's Week revenue was added to Q1 this year.
With America mired in recession, beverage giant Coca-Cola relied on its global operations to pick up the slack. And its laser focus on the two big international markets where the growth is -- India and China -- paid off smartly in the fourth quarter.
Loading... Loading... Loading... Loading...| Symbol | Last | Change / % | Volume |
|---|
| 3.18 | +0.03 +0.95% | 498.84M | |
| 107.22 | +1.33 +1.26% | 337.82M | |
| 14.47 | -0.01 -0.07% | 251.52M | |
| 13.80 | +0.14 +1.02% | 154.49M |
| 4.26 | +0.84 +24.56% | 16.05M | |
| 41.19 | +5.69 +16.03% | 5.80M | |
| 20.23 | +2.71 +15.47% | 445,387.00 | |
| 21.17 | +2.65 +14.31% | 589,024.00 |
