Author: admin

Bon-Ton Stores Inc. will open its doors at 5 p.m. on Thanksgiving day to launch in-store Black Friday sales, the company said in a statement. Bon-Ton Stores include Bon-Ton, Boston Store, Bergner’s and Carson’s. In-store doorbusters will be good through 3 p.m. Friday. Deals will be available online beginning at 6 a.m. Tuesday, Nov. 24 with free shipping available through Nov. 28. Stores will be closed on Thanksgiving and open at midnight in accordance with laws in Massachusetts and Maine. Bon-Ton is the latest retailer to announce a Thanksgiving opening. Others include Wal-Mart Stores Inc. , Best Buy Co. Inc. and Target Corp. Bon-Ton shares are down 64% for the year so far while the S&P is up 0.8% for the same period.

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.

…read more

From:: Stock Market News

NCR Corp.’s stock climbed 4.5% in premarket trade Thursday, after the ATM machine maker said it reached a deal with private-equity firm Blackstone Group , in which it will receive an equity investment of $820 million. NCR said it will use the investment to help fund share repurchases of up to $1 billion worth of common stock. The Wall Street Journal reported late Wednesday that a deal was in the works. The investment will be in the form of perpetual preferred stock, which will be convertible into common stock at $30 a share, which is 12% above Wednesday’s closing price of $26.78. The share repurchases will come in the form of a modified Dutch Auction tender offer at an expected price range between $26 and $29.50 a share, beginning Nov. 13. “After concluding a comprehensive review of strategic alternatives, the NCR Board has determined that executing our strategic plan with Blackstone’s assistance is the best way to accelerate NCR’s transformation and build long-term shareholder value,” NCR Chief Executive Bill Nuti said in a statement. NCR’s stock has lost 8.1% year to date through Wednesday while the S&P 500 has gained 0.8%.

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.

…read more

From:: Stock Market News

Viacom Inc. reported net earnings rose 20% to $884 million, or $2.21 per share during the fourth quarter, compared with $732 million, or $1.72 per share, in the year-earlier period. Adjusted earnings per share were $1.54, while the FactSet consensus was $1.55. Revenue for the quarter dropped to $3.78 billion, compared with $3.99 billion during the same period a year ago. The FactSet consensus was $3.9 billion. The company said currency fluctuation had an impact on the quarter, as Viacom launched 21 channels overseas during fiscal year 2015, including six channels in India. The media networks segment grew 5% to $2.79 billion, due to growth in affiliate fees and advertising revenue internationally, which was offset by declining domestic ad revenue. Viacom said revenue for Paramount Pictures dropped 20% to $447 million, due to tough comparisons at the box office a year ago. Shares of Viacom are down more than 34% in the year to date, while the S&P 500 index is up 0.78% in the year. Viacom shares were inactive in pre-market trade on Thursday.

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.

…read more

From:: Stock Market News

Liberty Media Corporation said Thursday its board has approved a proposal to recapitalize into three tracking stock groups. The company will create the tracking stocks Liberty Braves Group, Liberty Media Group and Liberty Sirius Group, and have the subscription rights to the Liberty Braves Group distributed following their creation. Holders of Liberty’s Series A, B and C common stock will receive shares of the corresponding tracker stock for each Liberty share owned. “We expect this recapitalization to highlight each tracking stock group’s operations, and the financial performance of its attributed assets, provide greater investor choice, and enable targeted capital raising while maintaining an optimal capital structure for Liberty,” Chief Executive Greg Maffei said in a statement. The company is expecting to complete the creation of the new stocks in the first half of 2016 and will provide further details at an investor meeting later Thursday. Liberty Class A stock was not yet active in premarket trade, but is up 16% in the year so far, while the S&P 500 has gained 0.8%.

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.

…read more

From:: Stock Market News

Kohl’s Corp. shares surged 7.5% in premarket trade Thursday, after the department store chain beat profit and sales estimates for the third quarter. The company said it had net income of $120 million, or 63 cents a share, in the quarter, down from $142 million, or 70 cents a share, in the year-earlier period. Excluding a loss on the extinguishment of debt, the company had adjusted EPS of 75 cents, ahead of the FactSet consensus of 69 cents. Sales rose to $4.427 billion from $4.374 billion, also ahead of the FactSet consensus of $4.406 billion. “Our 1% increase in sales was driven by strong back-to-school and late October selling periods offset by a weak September,” Chief Executive Kevin Mansell said in a statement. Shares are down 30% in the year to date, while the S&P 500 has gained 0.8%.

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.

…read more

From:: Stock Market News

By Brian Bandell

There was a significant year-over-year decline in foreclosure filings in South Florida in October as the housing market appeared stronger, according to RealyTrac data.

The tri-county region had 5,135 foreclosure filings in October, down 24.4 percent from the same month a year ago. That includes new foreclosure lawsuits, judgments and repossessions.

South Florida had the seventh-highest foreclosure rate in the nation with one filing for every 480 homes. The highest foreclosure rate belonged to Atlantic… …read more

From:: biz journal foreclosures

Genius, crafty ideas for accessorizing your Christmas tree, from our favorite bloggers …read more

From:: DIY this old house

Airtight solutions for your house’s drafty problems …read more

From:: DIY this old house

How a handy couple transformed their dream fixer-upper into a family-friendly home …read more

From:: DIY this old house

A quick makeover you can do before Thanksgiving from The Snug …read more

From:: DIY this old house