sales trade business

Wimm-Bill-Dann Foods 4Q Profit Rises - CNNMoney.com
Wimm-Bill-Dann Foods 4Q Profit RisesCNNMoney.com - 2 hours agoNEW YORK Associated Press - Wimm-Bill-Dann Foods OJSC said Friday its fourth-quarter profit rose 18 percent as sales grew across all segments.Wimm-Bill-Dann - CFO FOXBusinessUPDATE 1-Wimm-Bill-Dann Q4 net profit up 18% to $34.4 mln ReutersInternational Herald Tribune - Houston Chronicle - just-food.com subscription - RTT Newsall 59 news articles

UBS to mark down auction-rate securities - CNNMoney.com
PravdaUBS to mark down auction-rate securitiesCNNMoney.com - 3 hours agoTORONTO Thomson Financial - UBS NYSE:UBS AG said Friday it is cutting the value of auction-rate securities in its brokerage customers' accounts, the first confirmation that problems with the securities have eroded the principal holdings of investors.3 Firms Are Asked for Data on Auction-Rate Shares New York TimesUBS, Merrill, Bank of America Auction Sales Probed Update4 BloombergForbes - Wall Street Journal - Reuters - Boston Heraldall 54 news articles

How High Will Google Go?
Google, which trades on the Nasdaq as GOOG, is getting close to the $600 mark. The stock has been on an incredible ride since it started trading at $85 in 2004.Google, which began trading at $85 in 2004, has the sixth- highest stock price in the U.S. and has surged 27 percent this year. The shares rose $1.84 to $584.39 at 4 p.m. New York time on the Nasdaq Stock Market and earlier reached $596.81.The search engine has taken users from Yahoo! Inc. and Microsoft Corp., pushing sales growth to at least 70 percent in each of the past three years. Google plans to lure more Web surfers and advertisers through the YouTube video site, bought last year, and has introduced software to sell mobile ads.Google is still dominating, Piper Jaffray & Co. Web analysts including Gene Munster said in an Oct. 1 report.Munster, in Minneapolis, rates the stock outperform and estimates it will reach $660 within a year as Google parlays its lead in search into other areas of online advertising next year.Google may very well break the $600 mark and even $650 but how much upside can be left for this powerful technology firm? Henry Blodget has suggested GOOG could trade as high as $2,000Remember a couple years back when some analyst floated the idea that Google could eventually be worth $2,000 a share--and was ridiculed from coast to coast? Well, first its worth noting that Google is now almost a third of the way there. Second, its worth noting that $2,000 a share would mean a market cap of about $750 billion, which--given a reasonable time horizon--just isnt that far-fetched.Why? First, from a macro level, in every technology wave, the market leader usually ends up amassing more power, wealth, and market capitalization than the leaders in the prior wave, often by a startling magnitude. The leaders in the last technology wave included Microsoft and Cisco, both of which peaked around $500 billion in market capitalization...Blodgets remark has stirred up controversy among tech and financial bloggers - see here, here, here, here, here, here, here, here, here and here. You can check the latest GOOG quote here on Yahoo Finance.Permalink | Recent Headlines | WWFeeds.comAd: Singers Sing is a music news blog.Feed: Bloglines | Google | Netvibes | Other Readers

Wholesale Prices Up 6.3% in 2007
The Labar Department reported today that wholesale prices roses 6.3% in 2007 - the largest increase in 26 years. The AP reports that big inflation increase could impact the Feds decision on whether or not to raise rates.The Labor Department reported that wholesale inflation was up 6.3 percent for all of 2007, reflecting a huge increase for the year in various types of energy costs ranging from gasoline to home heating oil.Meanwhile, retail sales fell by 0.4 percent in December, the worst showing in six months, the Commerce Department reported. Consumer confidence has plunged, reflecting the worsening housing slump and a lingering credit crisis.For inflation, the year ended on a more positive note, with wholesale prices falling by 0.1 percent in December. That reflected decreasing costs last month for gasoline and other energy products. It was a significant slowdown after prices had soared by 3.2 percent in November, which had been the biggest one-month increase in 34 years.The combination of rising inflation pressures and a weak economy represent a dilemma for the Federal Reserve over whether to cut rates to boost economic growth even at the risk of making inflation worse.Prices were moderating somewhat in December but that could have been the result of holiday sales and weaker energy numbers. It would be a mistake to say continued inflation is not a serious concern for 2008 especially with the spring driving season just ahead.Permalink | Recent Headlines | WWFeeds.com

Apple Takes a Drubbing
Apple AAPL has been taking a beating on Wall Street today. The stock is down over 10%. The reason isnt the companys holiday performance but the possibility of a weaker future. Forbes is asking if one bad Apple could spoil the bunch - meaning could Apple weakness spill over into other tech stocks. Its hard to see gadgets having as good a year this year as they did last year if we are heading into a recession.To some extent, its a case of one bad Apple AAPL spoiling the bunch. Steve Jobs & Co. is seen as the most innovative, growth-producing group in tech. And if the U.S. consumers economic troubles are starting to rattle mighty Apple, high fliers like Research In Motion RIMM and Google GOOG might not be immune, either.Indeed, Apples holiday performance showed signs that the companys not unstoppable in 2008. In particular, Apples cautious outlook, weakness in U.S. iPod growth and the unpredictability of iPhone sales left Wall Streets pessimists plenty of reason to doubt. And in this jittery market, those pessimists have a lot of power.First, a recap of Apples good news - and there was plenty of it. Apple turned in revenue of $9.6 billion and profit of $1.6 billion for the holiday quarter, blowing past the average analyst estimate. The company shipped a record 2.3 million Intel INTC-based Macs during the period, and actually sold as many iPhones as computers. In the process Apple generated $2.7 billion in cash, bringing its war chest to $18.4 billion.But there was troubling news, too. On the conference call with analysts, Chief Financial Officer Peter Oppenheimer admitted that iPod sales merely met the companys expectations, rather than exceeding them. Part of the reason, he said, was that U.S. iPod sales weakened in December - it took overseas sales to make up the difference. In the U.S., in the gift-buying season, we saw a slightly different curve, he said. That was made up for in our very, very good growth internationally.Apple did have a great holiday quarter but what will happen to Apple in the first three quarters of this year with consumers fighting off a recession and rising prices? Thats the question investors are asking about Apple and many other gadget manufacturers. There are also concerns that if people already have any iPod will they might not be as excited about owning the latest and greatest iPod - especially if things get tight.Permalink | Recent Headlines | WWFeeds.com

JC Penney Plunges After Cutting Profit Forecast (Update1) - Bloomberg
CNBCJC Penney Plunges After Cutting Profit Forecast Update1Bloomberg - 1 hour agoBy Lauren Coleman-Lochner March 28 Bloomberg -- JC Penney Co., the third-largest US department-store chain, plunged the most in more than 20 years in New York trading after the retailer cut its sales and earnings forecasts on slower consumer spending ...JC Penney cuts first-quarter forecast MarketWatchJP Penney Slashes Guidance, Wall Street JournalReuters - CNNMoney.com - Conde Nast Portfolio - RTT Newsall 112 news articles

Holiday Sales Predicted to Increase 4%
DMNews reports that the National Retail Federation NRF is predicting holiday sales to increase by 4% this year to $447.5 billion. Technology will once again be a hot item. Even fashion is getting more high tech this year according to the NRF.In the fashion and apparel categories, expect to see evening wear and diamonds driving sales. In addition, tailored denim products - across mens, womens and childrens wear - will be a hot item. Womens boots also will help drive sales this holiday season, with a focus on three-quarter length boots rather than knee length.Interestingly, fashion will be getting more high tech this season.Technology is having an impact on fashion, said Dan Butler, VP of retail operations and merchandising at the National Retail Federation. Whether its sweaters or vests designed to hold handheld accessories and iPods, or handbags, which are designed for these devices, we are going to see a lot more of these kinds of products this season.IPod and cell phone accessories will be popular tickets this year, including a new breed of accessories designed to hold these items in the home. Expect to see more widescreen televisions under the tree this year, along with widescreen computer monitors, as the prices of these products have come down.Online sales - which have been rising year after year - will surely grow again this year.Permalink | Recent Headlines | WWFeeds.com

Will December Be Better for Investors?
Reuters sums up the past week in this video clip. Last week ended an awful month for stocks - the worst for the Dow in five years. The Feds plan to ease interest rates at least somehwat. Oil prices finally dropped and there was the major Abu Dhabi investment that helped Citigroup. Now that we are in December the focus should return to retail. If sales arent strong it might be another ugly month for investors.Direct video linkPermalink | Recent Headlines | WWFeeds.com