Limited Brands’ Sales Rise 12% and 2 Morning Hot Stocks to See Now
Oracle (NASDAQ:ORCL) may be forced to pay H-P (NYSE:HPQ) damages totaling billions of dollars following the latter’s victory in a dispute regarding support for Intel’s (NASDAQ:INTC) high-end Itanium server CPUs, according to the FT. An independent study that H-P commissioned calculates that the company has suffered lost sales reaching $500 million since Oracle claimed it would cease supporting Itanium, with total losses possibly reaching $4 billion by 2020.
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General Motors (NYSE:GM) posted a $1.965 billion profit in North America, helping to offset a $361 million European loss. Automotive cash and marketable securities have increased 3.5 percent year over year to $32.6 billion.
Limited Brands (NYSE:LTD) reports a same-store sales increase of 12 percent in July. The results were good enough to prompt the company to raise its FQ2 EPS forecast to $0.46-$0.48, from its previous guidance of $0.40-$0.45. Also, the retailer claims it will pay a special $1 per share dividend to shareholders.
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