Monthly Archive:: May 2009

J Crew, OmniVision Guides Higher, But Procter & Gamble Guides Below Estimates

Positive Guidance OmniVision Technologies Guides Above EstimatesOmniVision Technologies Inc. (OVTI) said it expects a first quarter non-GAAP loss of $0.16 to $0.07 per share on revenue of $90.0 million to $100.0 million. The current consensus estimate is a loss of $0.23 per share on revenue of $73.4 million for the quarter ending

Consumer Burrowing Plunged At Fastest Pace In 18 Years

Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades. The Federal Reserve said Thursday that consumer borrowing dropped 5.2 percent in March, the biggest decline since an 8.1 percent fall in December 1990.