06.11.2008 23:00

Hot Stocks: Wal-Mart Stores, News Corp

Cisco Systems, Inc
The tech bellwether froze hiring and slashed sales targets for the current quarter.

News Corp
Rupert Murdoch's media company reported a 30% drop in quarterly net income, saying it was hit by a large write-down and a decline in ad sales at its TV stations.

Pfizer Inc
The pharmaceutical is discontinuing development of a Phase III weight treatment drug. Pfizer said it believes the drug is safe and effective, but made the decision based on a changing regulatory environment on the class of drugs known as cannabinoid type 1 receptor antagonists.

Wal-Mart Stores Inc
The world's largest retailer announced that same-store sales rose 2.4% in October, topping the its own expectations.






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