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Google revenue; Sears in court; Panasonic and China



Analysts expect sales growth of 20% compared to the previous year. It would require a strong performance from Google's massive advertising business.

Google suffered a series of PR snafus at the end of last year that helped push the stocks down. Congress grabbed its CEO over computer security, employees went over sexual harassment scandals and revealed a security bug.

Shares in Google are now trading above their level a year ago.

2. Sears' destiny: The moment of truth has come for Sears ( SHLDQ ) once America's largest and most important dealer.

US Bankruptcy Judge Robert Drain will hold a Monday hearing on Sears's plan to sell his assets, including 425 stores, to his leader Eddie Lampert. It's the only chance to save the positions of up to 45,000 employees in the Sears and Kmart chains and keep the 1

33-year-old reseller in business.

The heat of death bail is against creditors, including suppliers and landlords, who claim that the Company should be shut down and liquidated.

Sears hopes to get a sale approval decision by February 8, and hopes to close the sale by February 19.

3. China Issues: Panasonic ( PCRFF ) is harmed by an economic downturn in China and friction caused by a trade war between Washington and Beijing.

The Japanese electronics business reduced operating profit for the current financial year to 385 billion yen ($ 3.5 billion) from 425 billion yen ($ 3.8 billion). It also reported a sharp decline in operating profit in the third quarter.

Panasonic said some of the key companies have been harmed by weaker demand in China. It is said that sales from the industrial business unit are reduced "mainly due to trade friction between the US and China."

It's not the first victim: Apple ( AAPL ) warned of weaker iPhone sales in China. Tire maker Goodyear ( GT ) and FedEx ( FDX ) have also said that softness in China was hurt their profits.
4. Global market overview: US stock markets were flat.
European markets were opened mixed by trend in Asia. Markets in mainland China are closed this week for a holiday.
Dow Jones industrial average stopped 0.3% on Friday. S & P 500 added 0.1% and Nasdaq shed 0.3%.
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5. Revenue and Economy: Clorox ( CLX ) and Sysco ( SYY ) will release earnings before the opening.

Shares in Ryanair ( RYAAY ) fell 4% after the airline reported a net loss of $ 19.6 million ($ 22.4 million) for the holiday quarter .

The airline also announced a change in the corporate structure. Veteran manager Michael O & # 39; Leary becomes CEO, and each of the company's four airlines will have its own CEO.

6. Comes this week:
Monday – Alphabet and Ryanair ( RYAAY ) ) earnings; mainland markets are closed all week
Tuesday – Union state address; Disney 19009006] ) and Electronic Art ( EA ) Profit

Wednesday – GM ( GM ) [19659000] Chipotle ( CMG ) Toyota ] ( HUM ) Eli Lilly ( LLY ) The New York Times and Spotify ( SPOT ) earnings; Cayman Alternative Investment Summit Begins
Thursday – Twitter ( TWTR ) Yum! ]
Kellogg ( K ) Philip Morris International ( ) ( MET ]] Mattel ] and Dunkin Brands

DNN ) Hasbro ( HAS ) Phillips 66 ( PSX ) earnings


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