Accredo Cuts &#39;05 Forecast, Stock Plummets
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Accredo Health Inc. (ACDO), which provides pharmacy and treatment services for patients with chronic illnesses, on Monday slashed its profit forecast due to lower reimbursements from government
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Sputtering U.S. economy forces shipper to cut forecast.
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Dow Jones & Co. DJ.N on Wednesday  cut its earnings forecast for the current quarter, citing  weakness this month in key advertising categories at its  flagship newspaper The Wall Street Journal, sending shares down  3 percent.
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Asian stocks fell in US trading after Xilinx Inc. and Altera Corp., the largest makers of programmable computer chips, cut their sales forecasts.
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The leading realty trade group on Wednesday cut its 2007 forecast for U.S. home sales and prices, saying both would slide this year with sales hitting a five-year low.
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Business & money: Share price plunges after disappointing profits raising fears over America's economic slowdown
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American Axle & Manufacturing Holdings  Inc. AXL.N, an auto parts supplier, on Thursday cut its 2004  earnings forecast, citing planned production cuts by its  customers and higher raw material costs.
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Nonetheless, shares fell 65 cents, to $50.48, as the company said results in the current quarter would be pressured by calendar changes.
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Wall Street stocks were set for a sharply lower start on Monday as the global sell-off in equities moved apace and the shares in troubled subprime mortgage lenders plunged after the initiation of a criminal investigation.
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Slashed earnings estimate pulls down shares.
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After it reports a loss, the shares fall faster than a 500-pound weight.
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Shares of BJ Services Co. fell more than 5 percent Tuesday morning after the oilfield service provider reported fourth-quarter results and issued a 2005 outlook that fell short of analyst expectations.
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THE Australian market was dragged down by a sharp drop in insurance giant Axa Asia Pacific Holdings to close lower yesterday. The benchmark S&amp;P/ASX 200 index finished 10.
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Prices on these highly rated stocks have plunged in the past month.
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The retailer cuts its full-year outlook upon experiencing lower-than-anticipated Q1 sales.
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In other changes, the Dow Jones industrial average will drop Altria Group and Honeywell International. The changes will take effect Feb. 19.
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European equites dropped on Friday to an almost five month low, led down by broker downgrades on food and beverage producers as investors took profits on defensive stocks.