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Over the last two years, the biggest names in online real estate have battled it out in court over the alleged theft of trade secrets, but now the billion-dollar battle between Move, the National Association of Realtors, Realtor.com and Zillow is moving beyond the courtroom – to the exhibit hall, as NAR banned Zillow from from exhibiting at any of its events for the remainder of 2016. …read more
From:: Real Estate Wire
Over the last two years, the biggest names in online real estate have battled it out in court over the alleged theft of trade secrets, but now the billion-dollar battle between Move, the National Association of Realtors, Realtor.com and Zillow is moving beyond the courtroom – to the exhibit hall, as NAR banned Zillow from from exhibiting at any of its events for the remainder of 2016. …read more
From:: Real Estate Wire
Box Inc. shares fell in the extended session Wednesday as the business cloud-storage company’s billings for the quarter fell short of Wall Street estimates. Box shares fell 9.5% to $11.60 after hours. While the company reported an adjusted first-quarter loss of 18 cents a share on revenue of $90.2 million, billings came in at $75.9 million. Analysts surveyed by FactSet had forecast a loss of 24 cents a share on revenue of $88.7 million but billings of $84.1 million. For the second quarter, Box sees an adjusted loss of 19 cents to 20 cents a share on revenue of $94 million to $95 million. Analysts expect a loss of 22 cents a share on revenue of $94.8 million.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
A number of stock market indexes produced bullish technical patterns by closing above their April highs Wednesday, joining the Russell 2000 Index which accomplished the feat on Tuesday. What makes the higher closing highs bullish is that the Dow Theory, which has remained relevant among market watchers for over a century, defines an uptrend as a pattern of higher peaks and higher lows. And the more broader-market indexes that have entered uptrends, the more confidence investors can have in buying into pullbacks. The Russell 2000 was down as much 0.5% at its intraday low Wednesday, before bouncing sharply to close up 0.7% at a six-month high. Other indexes that made higher highs Wednesday, to go with higher lows, include the Dow Jones U.S. Total Market Index , the Russell 3000 Index , the S&P Small Cap 600 Index and the S&P 400 Mid Cap Index . Meanwhile, the S&P 500 Index is about 0.1% away from a higher high, the Nasdaq Composite Index is about 0.2% away and the Dow Jones Industrial Average is 307 points away.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Shares of Ocean Power Technologies Inc. blasted off to a near four-fold price increase in very active afternoon trade Wednesday, after the ocean wave power generation company said it entered into its first commercial PB3 PowerBuoy agreement with Japan’s Mitsui Engineering and Shipbuilding. The stock was trading at a 10-month high of $5.86, up 283% from Tuesday’s closing price of $1.53. Volume was 19.9 million shares, compared with the full-day average over the past 30 days of about 12,700 shares, according to FactSet. Ocean Power said the lease agreement is valued at $975,000. “We believe that the deployment under this Agreement could provide access to a potentially huge market in Japan and the surrounding areas, and we’re looking forward to potentially leveraging these events with other interested parties,” said Chief Executive George Kirby. Prior to Wednesday’s surge, the stock had tumbled 27% year to date, while the S&P 500 had gained 2.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Oil futures settled narrowly lower on Wednesday, with prices paring most of their earlier losses. Members of Organization of the Petroleum Exporting Countries talked about the potential for a crude production ceiling at a gathering ahead of the group’s official biannual meeting Thursday, according to The Wall Street Journal. July WTI crude settled at $49.01 a barrel on the New York Mercantile Exchange, down 9 cents, or 0.2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Apple Inc. announced Wednesday that the keynote for WWDC, which is typically filled with software announcements and product updates, will take place at the Bill Graham Civic Auditorium in San Francisco on June 13 at 10 a.m. PT. The company will live stream the event and post videos of all sessions throughout the conference, held from June 13th through June 17th. Unlike the hardware events Apple typically hosts in March and September, WWDC is focused on the latest version of iOS and other software. According to 9to5Mac, among the upgrades will be Mac S X 10.12, with features designed to better support Siri. Shares of Apple fell 0.9% to $98.94 in afternoon trade. They’ve declined by roughly 24% over the last year, versus a 5% improvement for the Dow Jones Industrial Average.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The campus of UCLA is on lockdown amid multiple reports of a shooting with two victims. The FBI and ATF are responding, according to KCBS. The Los Angeles Police Department tweeted that there’s an active shooter in an academic building identified as Engineering IV.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The campus of UCLA is on lockdown amid multiple reports of a shooting with two victims. The FBI and ATF are responding, according to KCBS. The Los Angeles Police Department tweeted that there’s an active shooter in engineering building number four.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The campus of UCLA is on lockdown amid multiple reports of a shooting with two victims. The FBI and ATF are responding, according to KCBS. The Los Angeles Police Department tweeted that there’s an active shooter in engineering building number four.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News