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Dec 17, 2014

PepsiCo earnings may be pressured by currency fluctuations

Dec 17 (Reuters) – PepsiCo Inc earnings could come
under pressure in the fourth quarter due to currency
fluctuations, investors said, as the company’s biggest foreign
markets – Russia, Mexico and Canada – have all taken hits to
their currencies in recent months.

While international expansion has helped PepsiCo diversify,
it has exposed it to broader economic problems and forex
volatility, particularly as the U.S. dollar has risen rapidly.

Dec 17, 2014

U.S. stocks to rise again in 2015; oil, Fed moves loom large-Reuters poll

Dec 17 (Reuters) – U.S. stocks are expected to climb in 2015
as concerns about the prospect of a Federal Reserve
interest-rate hike are being offset by hopes for strong consumer
spending as oil prices fall, according to a Reuters poll.

The S&P 500 index is expected to rise to 2,103 by
mid-year and to end 2015 at 2,200, according to estimates from
48 strategists polled by Reuters in the past week.

Dec 17, 2014

U.S. stocks to rise again in 2015; oil, Fed moves loom large

By Sinead Carew

(Reuters) – U.S. stocks are expected to climb in 2015 as concerns about the prospect of a Federal Reserve interest-rate hike are being offset by hopes for strong consumer spending as oil prices fall, according to a Reuters poll.

The S&P 500 index is expected to rise to 2,103 by mid-year and to end 2015 at 2,200, according to estimates from 48 strategists polled by Reuters in the past week.

Dec 12, 2014

Oil slump leads Wall St to worst week in 2-1/2 years

NEW YORK, Dec 12 (Reuters) – U.S. stocks fell sharply on
Friday, leaving the benchmark S&P 500 with its worst weekly
performance since May 2012, as investors pulled back from the
markets in response to oil’s free-fall and more weak data out of
China.

Oil’s declines have underscored concerns about global
demand, and with the S&P 500 having hit a record high only last
week, investors were loath to fight the downward pressure on
stocks, which accelerated in the final minutes of trading. The
S&P dropped 3.5 percent on the week after seven straight weeks
of gains.

Dec 12, 2014
Dec 12, 2014

Oil, materials lead Wall St towards weekly loss

NEW YORK, Dec 12 (Reuters) – U.S. stocks fell on Friday,
putting the benchmark S&P 500 on track for its first weekly
decline in eight, after a further drop in oil prices and
disappointing data out of China pushed investors away from the
raw materials sector.

Oil’s fall has added to worries about global demand and
raised concerns about earnings for some energy companies, with
year-end tax selling putting more pressure on the sector. Even
bargain-hunters, for now, are staying away from energy shares.

Feb 12, 2014

Cisco results to reflect sales slump; investors brace for more bad news

NEW YORK (Reuters) – Investors who were shocked by Cisco Systems Inc’s dire financial outlook in its last quarterly earnings report are bracing for more bad news when the network equipment maker reports results on Wednesday.

Cisco warned on November 13 that revenue would decline as much as 10 percent in its second fiscal quarter ended in January and that it would not resume growth for several quarters.

Feb 11, 2014

Sprint still eyes consolidation as it posts smaller loss

NEW YORK (Reuters) – Sprint Corp (S.N: Quote, Profile, Research) Chief Executive Dan Hesse reiterated his call for consolidation in the U.S. wireless market on Tuesday after the No. 3 U.S. mobile operator reported a smaller fourth-quarter loss and subscriber growth that was helped by tablet sales.

Sprint, which is 80 percent owned by Japan’s SoftBank Corp (9984.T: Quote, Profile, Research), has been eyeing a deal with smaller rival T-Mobile US (TMUS.N: Quote, Profile, Research) in order to compete better with market leaders Verizon Wireless (VZ.N: Quote, Profile, Research)(VOD.L: Quote, Profile, Research) and AT&T Inc (T.N: Quote, Profile, Research).

Feb 11, 2014

Sprint reports smaller fourth-quarter loss; subscribers increase

NEW YORK (Reuters) – Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz) reported a smaller fourth-quarter loss than estimated and an unexpected increase in wireless subscribers, sending its shares up 7 percent in early trade.

The company, which is 80 percent owned by Japan’s SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz), said it added 58,000 net subscribers in the quarter compared with the average expectation for a loss of 83,500 subscribers from six analysts contacted by Reuters. Estimates ranged from a loss of 48,000 to a loss of 400,000.

Feb 11, 2014

Sprint reports smaller Q4 loss; subscribers increase

NEW YORK, Feb 11 (Reuters) – Sprint Corp reported a
smaller fourth-quarter loss than estimated and an unexpected
increase in wireless subscribers, sending its shares up 7
percent in early trade.

The company, which is 80 percent owned by Japan’s SoftBank
Corp, said it added 58,000 net subscribers in the
quarter compared with the average expectation for a loss of
83,500 subscribers from six analysts contacted by Reuters.
Estimates ranged from a loss of 48,000 to a loss of 400,000.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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