The Traderszone Network

Chief Executive Meg Whitman said the factors pressuring the PC market were expected to continue through the fourth quarter and well into the next fiscal year. HP is nearing the end of a multi-year restructuring under Whitman, who has been cutting costs and focusing on higher-margin sales. A relentless decline in PC sales has hurt the company hard — HP has reported a drop in quarterly sales in 15 of the last 16 quarters.

Salesforce.com Inc reported better-than-expected quarterly revenue and profit, helped by an increase in demand for its Web-based sales and marketing software, and raised its revenue forecast for the full …

A former president of a failed New York bank was sentenced to 2-1/2 years in prison on Thursday after becoming the first person to be convicted for trying to defraud the U.S. government bailout program established during the financial crisis. Charles Antonucci, Park Avenue Bank’s former president, was ordered to serve prison time by U.S. District Judge Naomi Reice Buchwald despite cooperating with authorities, who ultimately charged three other people. “Even today I have not heard an excuse or explanation for this serious conduct,” Buchwald said.

The latest signal of China’s economic health, an early gauge of factory activity, triggered a wave of selling across Asia markets on Friday.
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Japanese PM speaking in parliament
No further headlines at present

EWG’s Wieser on the wires
In my view Tsipras’ resignation had been long touted and should be no surprise . Market has its attentions elsewhere now anyway but Greece will still provide some headlines

Weaker-than-expected data out of China puts pressure on oil prices, already looking at a 4% drop for the week, even as some say the selling has gone too far on crude.
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