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AT&T to report 2Q results
Source: msnbc.com

AT&T Inc. reports its second-quarter results on Thursday. The following is a summary of key developments and analyst opinion related to the period.

Chrysler raises incentives to move more cars
Source: msnbc.com

Chrysler said Wednesday it is offering up to $6,000 worth of incentives as it races to emerge from bankruptcy protection and counter a prolonged U.S. sales slump.

Ahead of the Bell: Goldman upgrades Ford, autos
Source: msnbc.com

Ford Motor Co. is best positioned to benefit from a sweeping "sea change" in the U.S. auto industry as its Detroit competitors file for bankruptcy and auto sales begin to pick up again, an analyst said, adding Ford shares to a list of top picks.

Exxon knocks Wal-Mart off top of Forbes 500
Source: msnbc.com

Exxon Mobil has unseated Wal-Mart Stores to top the 2009 Fortune 500 list after a year the magazine called the worst ever for the country's 500 largest publicly traded companies.

March game sales slump more than expected
Source: msnbc.com

U.S. video game sales slumped more than expected in March and were flat in the first quarter when compared with a year earlier - hurt by the recession, a shift in the Easter calendar and fewer big game launches.

Online travel agencies decline on rival promotion
Source: msnbc.com

Shares of online travel companies fell Wednesday after privately held Travelocity followed rivals Priceline.com Inc. and Expedia Inc. in eliminating booking fees for domestic and international flights.

Continental: Business travel still falling
Source: msnbc.com

Continental Airlines Inc. said declining business travel is hurting a key measure of revenue, and that the drop-off has gotten worse since January.

McKesson falls on financing worries for pharmacies
Source: msnbc.com

Shares of McKesson Corp. skidded Wednesday due to concerns that one of the pharmacy benefits manager's biggest customers, drugstore operator Rite Aid Corp., could default on its loans this year.

Analyst says low-cost airlines are best-positioned
Source: msnbc.com

Low-cost carriers Southwest Airlines Co. and JetBlue Airways Corp. are probably the best-positioned to benefit from an eventual improvement in passenger demand, a Morgan Stanley analyst said Monday.

Oil services sector falls on oil prices
Source: msnbc.com

The oil services sector fell on Monday as oil prices plunged on increasing doubts that energy demand will recover amid a battered economy and as rig counts continued to tumble.

Gannett shares fall after S&P cuts to 'junk'
Source: msnbc.com

Shares of Gannett Co. continued to plunge for a second day Tuesday after Standard & Poor's Ratings Service downgraded its credit rating to "junk" status.

Ahead of the Bell: Somaxon Pharmaceuticals
Source: msnbc.com

Somaxon Pharmaceuticals Inc. said Friday the Food and Drug Administration has determined it cannot approve Somaxon's insomnia drug candidate Silenor for sale without more information about the product.

Sector Snap: Pistol makers up since Obama election
Source: msnbc.com

The election of President Obama and a Democratically controlled Congress has been a boon to U.S. handgun makers, with sales of one pistol manufacturer climbing enough that an analyst Wednesday upgraded its stock to "Strong Buy" from "Accumulate."

Airlines expected to make it through 2009
Source: msnbc.com

Plunging airline stocks suggest investors worry a few carriers may wind up in bankruptcy, victims of the country's financial crisis.

PNC Financial shares falter with '09 estimate cut
Source: msnbc.com

Shares of PNC Financial Services Group Inc. tumbled Friday as an analyst slashed her 2009 earnings estimate nearly in half, due to expectations for a higher provision to cover loan losses.

Ahead of the Bell: General Electric
Source: msnbc.com

An analyst on Monday questioned the decision by General Electric Co. to pay its dividend as planned while also leaving open the possibility it could cut the dividend it has paid for more than 100 years.

Relief rally lifts UPS shares post-earnings report
Source: msnbc.com

Shares of shipper UPS Inc. rebounded Tuesday as Wall Street breathed a sigh of relief that management is maintaining profitabilty and strong volumes amid the dismal economic environment.

Ahead of the Bell: Morgan Keegan upgrades UPS
Source: msnbc.com

A Morgan Keegan analyst on Wednesday boosted his rating on United Parcel Service Inc. to "Outperform," a day after the package-delivery company reported a profitable fourth quarter but warned of a difficult year ahead.

Airlines see losses continue to pile up
Source: msnbc.com

Deep capacity cuts, checked bag fees and aggressive fare sales couldn't stop the airline industry's bleeding from the impact of bad bets on fuel hedges and the drop-off in demand.

Black & Decker slips on 2009 outlook, job cuts
Source: msnbc.com

Shares of Black & Decker Corp. sank Tuesday after the power tools maker said it was laying off 1,200 workers amid slumping profits and offered a grim outlook for its 2009 performance.

Harley's profit skids, plans to cut 1,100 jobs
Source: msnbc.com

Harley-Davidson Inc said on Friday that it will cut nearly 12 percent of its workforce and close several plants amid a global pullback in consumer spending.

General Electric's profit down 44 percent
Source: msnbc.com

GE reported a 44 percent drop in quarterly profit Friday, as the U.S. conglomerate and economic bellwether closed out one of the toughest years in its 117-year history.

U.S. Bancorp posts 72 percent drop in earnings
Source: msnbc.com

U.S. Bancorp on Wednesday reported a 72 percent drop in earnings in the final three months of last year - its eighth straight quarterly profit decline.

GM cuts 2009 U.S. sales forecast
Source: msnbc.com

General Motors Corp. is cutting its 2009 industrywide U.S. sales forecast to 10.5 million vehicles.

JPMorgan posts profit, but 'disappointing' one
Source: msnbc.com

JPMorgan Chase managed to avoid a loss in the fourth quarter, indicating that it is weathering the financial crisis better than some of the other big banks.

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