AutoZone, Medtronic Net Rise; Best Buy, Express Net Fall
AutoZone third quarter net increased 9% to $248.59 million. Express first quarter net shrank 20% to $42.1 million. Nordson second quarter net slumped 20% to $52.1 million. Urban Outfitters first quarter net fell 12% to $34 million. Williams-Sonoma firs...
U.S. Movers: AutoZone, Best Buy, Express, Medtronic, Express, Ralph Lauren
AutoZone third quarter net increased 9% to $248.6 million. Best Buy first quarter net declined 25% to $158 million. Edgar Online agreed to be acquired by Donnelley for $70.5 Million. Medtronic fourth quarter net soared 28% to $991 million. Ralph Lauren...
Wall Street Higher on Retail Earnings; Japan, Euro Zone in Focus
U.S. indexes traded higher after retailers reported better than expected earnings but caution prevailed after the estimate of growth in the euro zone were lowered and Japan debt rating was lowered. BestBuy, AutoZone and Williams Sonoma reported better ...
Euro Area Growth Estimate Lowered; Accor Sells Motel 6
The European indexes gained more than 1% and the OECD lowered euro area growth forecast and Greece is expected to extend recession in the sixth year in 2013. The UK annual consumer price inflation eased in April. Accor agreed to sell Motel 6 to Blackst...
Nikkei in Tokyo Extends Gains
Stocks in Tokyo extended gains for the second day in a row and exporters were in focus after the yen weakened a fraction and political leaders in the euro zone and China supported growth measures. Resources linked companies closed higher. Renesas Elect...
Australian Indexes Rise on Global Hopes; Leighton, GrainCorp Rise
Australian index gained more than 1% and the dollar traded below the U.S. dollar parity. Leighton Holdings, the global infrastructure group reiterated its annual earnings outlook between $400 million and $450 million. GrainCorp lifted its annual earnin...
Merger Deals of $25 Billion Lift World Indexes
U.S. indexes gained after trading at a 4-month low on Friday. Political leaders in Europe ratcheted up rhetoric of supporting Greece in the euro zone and China said it will support more growth measures. Merger deals of $25 billion were announced today.
U.S. Movers: BlackRock, Campbell Soup, Eaton, Lowe’s, Yahoo
Campbell Soup third quarter net slipped 5.3% to $177 million. Chinese conglomerate to acquire AMC for $2.6 billion. Eaton acquired Cooper Industries for $11.8 billion. Lowe’s third quarter net soared 14.3% to $527 million. Yahoo sell its 20% stake of...
Yahoo! Sells Alibaba Stake; DaVita, HealthCare in $4.4 Billion Deal
U.S. indexes gained on the merger announcements. Alibaba agreed to repurchase partial Yahoo! stake for $7.1 billion. DaVita agreed to acquire HealthCare Partners for $4.42 billion. China-based Wanda agreed to buy AMC Entertainment for $2.6 billion and ...
U.S. Movers: BlackRock, Campbell Soup, Eaton Corp., Lowe’s, Yahoo
Campbell Soup third quarter net slipped 5.3% to $177 million. Chinese conglomerate to acquire AMC for $2.6 billion. Eaton acquired Cooper Industries for $11.8 billion. Lowe’s third quarter net soared 14.3% to $527 million. Yahoo sell its 20% stake of...
Lowe’s, Tidewater Net Up; Campbell Soup Net Fall
Campbell Soup third quarter net slipped 5.3% to $177 million. Krispy Kreme first quarter declined 34%. Lowe’s third quarter net soared 14.3% to $527 million. Tech Data first quarter net rose 6.1% to $51.7 million. Tidewater fourth quarter net surged ...
Nikkei Attempts Rebound, Fanuc Up
Stocks in Tokyo rebounded after a steep loss on Friday and seven consecutive weeks of losses in the benchmark Nikkei index. Fanuc gained after the company plans to expand production capacity of robotics machinery.
