Marriott Lowers Key Revenue Forecast
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Marriott International's second-quarter profit increased 11 percent compared with the corresponding period a year earlier -- beating analysts' expectations -- but the company's stock sank 3 percent yesterday after it once again lowered forecasts for a key revenue measurement.
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U.S. chip maker Texas Instruments Inc.  lowered the mid-point of its second-quarter revenue target on Monday as sales of calculators missed its expectations, sending its shares down 2.3 percent.
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Bookseller Borders Group Inc.  BGP.N on Tuesday slashed its financial forecast, saying sales  were weaker than expected due in part to hurricanes, and that  profits during the key holiday season would miss Wall Street  estimates.
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Dow Jones &amp; Co., a financial news provider and publisher of the Wall Street Journal, lowered third-quarter guidance on Wednesday, due to declining Journal advertising bookings for September.
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Analysts are trimming online ad spending forecasts in light of U.S. mortgage crisis, but say search marketing will be least affected.
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Texas Instruments Inc , the world's biggest maker of chips for mobile phones, narrowed its second-quarter revenue and earnings forecast on Monday and said calculator sales would be lower than expected.
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Semiconductor maker Analog Devices Inc. lowered its outlook for the fiscal fourth quarter Thursday, citing weak demand in September and October.
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Analysts predict growth in mobile phone sales will drop below 10 percent this year.
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UnitedHealth Group Inc.  cut its 2007 revenue forecast on Monday after determining membership in its full-service Medicare plans for seniors will likely decline "modestly" this year.
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Texas Instruments Inc , the biggest maker of chips for mobile phones, on Monday reduced its fourth-quarter earnings outlook on lower-than-expected chip revenue.
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Starwood Hotels & Resorts Worldwide Inc  on Thursday posted lower quarterly profit and forecast future earnings below expectations amid pressures on its timeshare business and shares fell nearly 4 percent.
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Reuters Group Plc said on Thursday it  expects first-quarter revenue declines to ease quicker than  analysts had forecast as the news and information provider aims  to reverse a three-year slide.
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The warehouse club operator warned of lower quarterly profit as customers cut back on large purchases like furniture.
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A leading forecaster of advertising spending has again lowered his estimate for growth in the U.S. this year.
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Semiconductor maker Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) warned on Monday that its quarterly revenue will be lower than forecast, citing softness in
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Leading shares closed lower Tuesday and off session highs as Wall Street was softer with InterContinental Hotels Group down on fading bid rumours, dealers said.
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Motorola is warning that second quarter sales and earnings will be lower than expected.