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Costco Wholesale Corp. said late Thursday its board hiked the company’s dividend by nearly 13%. The board raised the quarterly dividend to 45 cents a share from 40 cents a share. The new dividend is payable May 13 to shareholders of record as of April 29. Costco shares advanced 0.2% to $151.68 after hours.
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
Shuddle, a ride-hailing service for unaccompanied minors, is shutting down after failing to raise more venture funding. The Silicon Valley startup, which offered services similar to Uber Technologies Inc. or Lyft Inc. but meant for children, was hampered by news of impending doom for so-called unicorns, the chief executive told the San Francisco Chronicle, which exclusively reported the news Thursday. “My world has been colored by on-demand apocalypse headlines that littered the news over the past six to eight weeks when we were trying to raise rounds,” CEO Doug Aley told the newspaper.
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
Valeant Pharmaceuticals International Inc. shares ticked higher in the extended session Thursday following a report that the company may be considering selling off parts of its business. Valeant shares advanced 1.7% to $32.93 after hours. The drugmaker has turned to investment banks such as Goldman Sachs to review its strategic options given interest from buyout firms and other companies, according to Reuters, citing people familiar with the matter. Valeant has recently fallen under pressure to trim its billions of debt following a potential default to its creditors on the grounds it has yet to file its annual report.
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
Valeant Pharmaceuticals International Inc. shares ticked higher in the extended session Thursday following a report that the company may be considering selling off parts of its business. Valeant shares advanced 1.7% to $32.93 after hours. The drugmaker has turned to investment banks such as Goldman Sachs to review its strategic options given interest from buyout firms and other companies, according to Reuters, citing people familiar with the matter. Valeant has recently fallen under pressure to trim its billions of debt following a potential default to its creditors on the grounds it has yet to file its annual report.
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
According to the FHFA, analysts and advocates have raised concerns that investors may walk away from the most challenging loans in NPL pools, leaving vacant houses in neighborhoods and contributing to blight and decay. …read more
From:: Real Estate Wire
As the California market continues to sizzle, investors struggle with the competition. On the up side, about 76% of Realtors working with investors believe property values will increase in the next year, and 71% said it would continue to increase even in five years. …read more
From:: Real Estate Wire
Bats Global Markets Inc. priced its initial public offering at $19, raising about $253 million, according to a report on The Wall Street Journal. The price was at the top of the range for the Kansas-based stock exchange operator, which had sought to become public in 2012 but canceled the deal after a software glitch. Bats focuses on stocks and exchange-traded funds in the U.S. and Europe, stock options in the U.S., and the cash currency market globally. The company will trade on one of its own platforms, the BZX Exchange.
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
Ensco PLC shares fell in the extended session Thursday after the offshore drilling company announced a secondary offering of its shares, but pared those losses following a revenue outlook. Ensco shares, which initially dropped below $9.80 a share after hours, declined 5.6% to $10 in the extended session. The company plans to offer 50 million shares, with an option for another 7.5 million shares to cover overallotments, to finance general corporate purposes. Ensco currently has about 235 million shares outstanding, according to FactSet data. In a separate filing with the Securities and Exchange Commission, Ensco forecast first-quarter operating revenue of $812 million to $817 million, while analysts surveyed by FactSet had estimated $791.5 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
U.S. stocks squeaked out gains to close fractionally higher on Thursday as subdued corporate earnings weighed on investors’ sentiment. The S&P 500 edged up less than a point to close at 2,082.78 while the Dow Jones Industrial Average rose 18.15 points, or 0.1%, to finish at 17,926.43. The Nasdaq shed 1.53 points to close at 4,945.89. Morgan Stanley analysts said expectations for first-quarter earnings are fairly modest with nine out of 10 sectors in the S&P 500 recording a drop in consensus estimate.
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
It’s only been a short time since the Federal Housing Finance Agency shook up the housing industry by announcing that it plans to begin offering principal reductions to certain borrowers, but reactions from both sides are beginning to trickle in. Some in the housing industry love it, some believe that the FHFA’s plan doesn’t go far enough, while others are concerned that the program sets a “dangerous precedent.” …read more
From:: Real Estate Wire