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R R Donnelley Sons

BUSINESS
October 19, 2012 | By Jessica Guynn and Walter Hamilton, Los Angeles Times
SAN FRANCISCO - It was a humiliating corporate gaffe the likes of which few can recall, particularly from a giant technology company like Google Inc. Google, which was supposed to release earnings after the closing bell Thursday, jumped the gun and inadvertently dropped a disappointing third-quarter earnings report on unsuspecting investors during midday trading. Within minutes, the surprise miss and the even more surprising mistake wiped out about $20 billion in market value before Google asked Nasdaq to halt trading of its shares.
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BUSINESS
April 28, 2000 | From Bloomberg News
MCI WorldCom Inc., the long-distance company that's buying rival Sprint Corp., said Thursday its profit surged 72% in the first quarter as data services and international sales offset slower growth in phone revenue. MCI said net income rose to $1.29 billion, or 43 cents a share, from $749 million, or 25 cents, in the year-ago quarter, on an 8.5% increase in revenue to $9.15 billion. The results, which matched analysts' forecasts, sent MCI WorldCom shares up $4.50, or 11%, to close at $45.
BUSINESS
June 13, 2001 | From Times Wire Services
U.S. stocks staged a dramatic late-day comeback on Tuesday, erasing steep losses as investors snapped up shares beaten down by a bleak profit forecast from Nokia. Finland's Nokia, the world's No. 1 mobile phone company, jolted Wall Street early in the session, predicting only "very modest" market growth for the full year amid weak global conditions.
BUSINESS
October 24, 1996 | From Times Staff and Wire Reports
Stocks were broadly lower Wednesday for a third straight day, as profit taking continued amid concerns about future corporate earnings growth. Meanwhile, in Europe, German central bank officials set a negative tone for markets there by suggesting that no more interest rate cuts will be forthcoming. On Wall Street, the Dow Jones industrials ended down 25.34 points at 6,036.46, although they bounced back from a 60-point midday loss.
BUSINESS
October 24, 1996 | From Times Wire Services
Stock prices fell Wednesday for a third straight day as traders sold shares of companies that reported or projected less-than-spectacular profits. The Dow Jones industrial average closed down 25.34 points at 6,036.46, paring an intra-day loss of more than 60 points. Stocks and bonds improved after word that the U.S. Treasury had auctioned $12.5 billion of five-year notes at 6.325%, the lowest rate since April 24.
BUSINESS
July 29, 1988 | SCOT J. PALTROW, Times Staff Writer
The investigation of pre-publication leaks from Business Week magazine zeroed in on two targets Thursday, including a Southern California office of Prudential-Bache Securities. An official at Prudential-Bache, a New York-based brokerage firm, confirmed reports from sources Thursday that one of the firm's Southern California offices had handled some of the suspicious trading.
BUSINESS
July 17, 1997 | From Times Staff and Wire Reports
AT&T Corp. faced another crisis of leadership and direction Wednesday after President John Walter resigned because the company backed out of its promise to make him chairman and chief executive. Walter, 50, joined the nation's largest phone company eight months ago following a prolonged search for a successor to Chairman Robert Allen as chief executive. Walter, who had been CEO of R.R. Donnelley & Sons Co.
BUSINESS
July 30, 1988 | PAUL RICHTER, Times Staff Writer
The government may face a tough job building a case against those who have profited from advance information on what was being published in a stock column in Business Week magazine, securities law experts say.
BUSINESS
August 2, 1988 | BILL SING, Times Staff Writer
Repercussions from the growing stock trading scandal involving a Business Week column widened again Monday as an employee in the Torrance plant where the magazine is printed was suspended and another in Connecticut was fired. Meanwhile, the number of brokerage firms conducting investigations of the scandal grew to at least eight. Paine Webber, Integrated Resources, Quick & Reilly and Charles Schwab & Co.
BUSINESS
August 17, 2006 | From Times Wire Services
Stocks climbed to a three-month high Wednesday as the smallest increase in consumer prices since February and a drop in crude oil futures reassured investors that the Federal Reserve was taming inflation. The inflation numbers sent bond yields sharply lower as investors bet that the Fed was finished with its two-year campaign of interest rate hikes. The yield on the benchmark 10-year Treasury note fell to 4.86% from 4.93% on Tuesday.
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