Hewlett-Packard ( HPQ) CEO Meg Whitman holds her first analyst meeting Wednesday since taking over as CEO in September 2011. Shares of HP are off about 34% so far in 2012, amid investor questions about strategy, including the tech giant's still-profitable printing division.
MetroPCS Communications ( PCS) confirmed Tuesday it's in talks with T-Mobile USA about a potential merger. "MetroPCS today confirmed that it is in discussions with Deutsche Telekom regarding an agreement to combine T-Mobile USA and MetroPCS. There can be no assurances that any transaction will result from these discussions, and the Company does not intend to comment further unless and until an agreement is reached," said a statement from MetroPCS on Tuesday. Shares of MetroPCS rose close to 18% in trading Tuesday on the news. RIM, Apple, MetroPCS: Tech Winners & Losers
Family Dollar Stores ( FDO) is expected by analysts Wednesday to report fiscal fourth-quarter profit of 75 cents a share in the August-ended period on revenue of $2.36 billion.
Monsanto ( MON), the chemicals company, is expected by analysts to post quarterly earnings of 43 cents a share on sales of $2.22 billion. If Only Everybody Understood Facebook Like Apple Does
Xyratex ( XRTX) fell well short of Wall Street's fiscal third-quarter earnings expectations on Tuesday, citing weaker-than-expected enterprise storage demand. For its fourth quarter ending in November, Xyratex forecast an adjusted loss of 15 cents to 43 cents a share on revenue ranging from $235 million to $285 million.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel