Market Overview

Stocks In Focus For September 20, 2012

Liberty Global (NASDAQ: LBTYA), the majority owner of Telenet Group Holding NV plans to launch a tender offer for the remaining stake in the Belgian cable company.

Software Giant Oracle (NASDAQ: ORCL) is scheduled to report fiscal first quarter, 2013 revenues on Thursday nights. The results could provide clues about the future trend of corporate technology spending later this year.

Adobe Systems (NASDAQ: ADBE), the manufacturer of Photoshop and Acrobat Software has announced that it expects its current quarter earnings to remain flat or decline as customers take to its new subscription based model faster than expected.

The Norfolk Southern's (NYSE: NSC) shares had dropped 5.5% on Wednesday after the company announced that weaker shipments of coal and merchandise along with lower fuel surcharge revenue would have a negative impact on its third quarter earnings this year.

Bank of America (NYSE: BAC) is planning to cut nearly 16,000 jobs by the end of this year as part of its cost cutting initiatives.

Posted-In: News Pre-Market Outlook Markets

 

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