- Broad Selloff Sinks S&P 500 and Nasdaq 4% Deeper
- European Markets Drop 1%, Car Registrations Drop for the 4th Month
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- Cisco Reports Flat Quarterly Sales, Guides Q4 Sales to Fall
Cisco Systems reported flat quarterly sales and guided sales decline in the current quarter ending in July. The networking company returned $1.8 billion to shareholders in the fiscal third quarter. CSCO
May 18 - Lowe's Sales Fall On Colder Weather and Financially Strapped Consumer
Lowe's Companies reported weaker than expected sales and earnings after comparable sales fell in the quarter on tough comparison. Customers also searched for energy efficient products. LOW
May 18
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- JetBlue Hopes Direct Offer Will Convince Spirit Shareholders to Vote Against Frontier Merger
- Carlyle Agrees to Acquire ManTech for $4 Billion
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- India Bans Wheat Exports Reacting to Heat Wave and Domestic Food Price Surge
- India's Inflation Reaches 8-Year High In April After Western Sanctions Sustain Higher Oil Prices
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