closer to becoming a reality. it s data out of china causing concern this morning. import growth fell short of expectations. stoking fear the economy may be in for a bigger consumer-led slowdown. research in motion meets with shareholders today as the stock sits at eight-year lows. will the gathering be a catalyst for shares or is the competition for sales and investor dollars, ie apple, just too tough at this point? wall street is digesting this morning s earnings news. stocks try to avoid a four-session losing streak. shares of alcoa moving higher this morning. dow component posting second quarter operating profits of 6 cents a share. beats the street by a penny. alcoa says the fundamentals of the aluminum market remain sound. different story for amd. shares of the chip maker down sharply. it slashed second quarter revenue outlook citing disappointing shares in china and europe. they see revenue falling 11% sequentially compared with its higher estimate between down 3% to
new york stock exchange. as for europe, got a lot of crosscurrents there as the euro is nearing a four-month low. seeing red arrows across the board. the most notable loss is in france down 2.5%. yahoo! s ceo scott thompson is out and a victory for dan lobe who wins three board seats. how does the company reset and what s behind thompson s reported disclosure that he has cancer? at jpmorgan, three big firings as a result of that trading loss. elizabeth warren calling for jamie dimon to resign from the new york fed. and we still have a shareholder meeting to get through tomorrow. greece s exit from the euro looks like a real possibility as new elections may be set for june. greece s stock market at a 20-year low today. and carl icahn expected to disclose a big position in chesapea chesapeake. we start wuf with yahoo!. scott thompson has resigned after only three months on the job. yahoo! s global media head has been named interim ceo. lobe will get one of the three s
can two old-timers get together and pose a real challenge to apple? barnes & noble s stock appears to be saying, yes. lots of m&a action today. energy transfer partners buys sunoco. and spain now the eighth eurozone country officially in recession as this week brings an ecb meeting, a french election and the first spanish auction since that s&p downgrade just last week. we should know as we mentioned, david faber joins us from the active/passive investor summit in new york city. david, what s the buzz so far? you know, a lot of talk, as you might imagine, about barnes & noble. in fact, a number of people from jana partners people may remember they bought a 12% position, looking pretty good when it comes to barnes & noble. don t forget, that company s stock is so closely held between riggio, birk l, jana partner, liberal media, that there s not a lot out there. it s a complex deal as you guys know. they put in the college business, one of the keys for them. and the noo