Wall Street stock drop after HP earnings miss
New York stocks fell sharply as rising crude oil touched 45.50 a barrel and Hewlett-Packard reported weak earnings. The Dow slid 123.73 to 9814.59, Nasdaq fell 29.93 to 1752.49, and S&P 500 declined to 1063.23 amid weak consumer data and growing inflation concerns.
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Dell posts 29 percent quarterly profit rise on strong sales
Dell Inc reported a 29 percent profit increase for the May quarter with earnings of 34 cents a share on $11.71 billion in revenue. The Round Rock Texas company noted strong printer and server sales and double digit overseas gains. For six months, Dell earned $1.52 billion on $23.24 billion in revenue, contrasting HP’s weaker results.
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Union president at American outvoted in tight vote
FORT WORTH The union for American Airlines flight attendants elected new leader after disputed ballots were tallied. Tommie Hutto-Blake led by seven votes on nearly 25,000 cast with 14 ballots for her and two for incumbent John Ward. Labor Department will certify results by Sept 7.
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Gold ends day with slight loss on futures market
Gold futures on the Comex division ended Thursday with a modest drop after failing to sustain early gains above 400 per ounce. December gold settled at 396.60, while September silver rose to 6.55 as coffee and cocoa moved on mixed signals from U.S. data and weather notes.
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