Weak J&J forecast sours strong quarterly results
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Johnson & Johnson  on Tuesday stuck with its 2007 earnings forecast despite surprisingly strong second-quarter results, sending shares down more than 1.7 percent.
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J&J gets dragged down by restructuring charges.
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Japanese electronics maker JVC has slashed its forecasts for this year, predicting it would only just break even due to sluggish sales of its high-end televisions and software.
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Palm warned that its upcoming earnings report could be weaker than expected.
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Investors were cautious after a series of negative reports from companies that are considered barometers for the economy.
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Japan's central bank offered a bleaker assessment of the economy for the first time in more than a year and a half on Friday, citing weakening industrial production and slowing export growth as a cause foir concern.
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Japan's main stock index fell Friday to a two-year low as investors worried about upcoming earning reports from U.S. financial groups.
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J.P. Morgan Chase & Co. JPM.N posted  lower third-quarter earnings on Wednesday, missing analyst  expectations, as costs from its July merger with Bank One Corp.  and anemic fixed-income trading revenue hurt profits.
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JPMorgan Chase & Co  said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity loans.
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Same-store sales for the month come in short of the company's forecast.
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JPMorgan Chase & Co  said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity and auto loans.
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U.S. stocks were little changed on  Tuesday, with lower oil prices helping support markets, but  Johnson & Johnson JNJ.N dragged on the Dow following a report  of a possible $24 billion takeover of cardiovascular device  maker Guidant Corp. GDT.N.
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TJX Cos. Inc.&#39;s second-quarter earnings fell 4 percent, reflecting higher markdowns on merchandise due to softer sales trends.
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Decent first-quarter results gave way to horribly disappointing projections for the second quarter.
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It pays to be big in a weak dollar world. Just ask Johnson & Johnson.
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Ask Jeeves Inc. ASKJ.O posted  sharply higher quarterly profit and revenue on Thursday but its  shares fell almost 5 percent as its Web search business grew  slower than some analysts expected.
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The retailer posts strong gains in earnings and sales, but projections disappoint the Street.