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Shares of Rolls-Royce Holdings PLC tumbled 16% on Thursday after the maker of aircraft engines warned that its earnings outlook for 2015 and next year has weakened. The company also said that it may have to cut its dividend. Rolls-Royce said earnings this year would be at the low end of its guidance and that profit next year would come in at GBP650 million ($988.8 million) lower than it expected, but it gave no specific projection.

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.

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From:: Stock Market News

By Monica Mendoza

There’s something about October and foreclosures.

They seem to go up about this time of the year. This October, even Colorado, where foreclosures have been low, saw a 5.1 percent uptick in new foreclosure starts from September and a pretty big jump at 47.7 percent from last October. That’s according to RealtyTrac’s latest Foreclosure Market Repor t for the state, released today.

In the Denver metro area, the jump in foreclosure starts in October was up 9 percent from the previous month and… …read more

From:: biz journal foreclosures

A California judge has declined a request from Valeant Pharmacueticals International Inc. and Bill Ackman to dismiss a lawsuit accusing them of insider trading in Allergan Inc. shares before they unveiled a $51 billion takeover bid for the company. The ruling was made in the U.S. District Court on Nov. 9. Shareholders, including several state pension funds that owned Allergan stock in the two months before the takeover bid was announced brought the suit, charging Valeant and Ackman with violating federal securities laws. Ackman’s hedge fund Pershing Square Capital Management LP had acquired 9.7% of Allergan’s shares just ahead of the bid. Valeant shares were slightly lower in after-hours trade, but are down 44% 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.

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From:: Stock Market News

IAC/InterActiveCorp. has offered to buy consumer-reviews website Angie’s List Inc. for more than $500 million in cash or stock, IAC announced Wednesday afternoon. IAC said it bid $8.75 a share in cash, or offered to do a stock-for-stock exchange with its HomeAdvisor business, which IAC wants to combine with Angie’s List. Angie’s List offers consumer reviews of local professionals, such as plumbers and movers, and connects them to those providers. The company went public at $13 a share in 2011, but has fallen since: IAC’s offering price was 10.6% higher than Angie’s List’s closing price of $7.92, but IAC noted it was a 50% premium to prices on Oct. 12, when a letter from hedge fund TCS Capital Management suggesting a merger with HomeAdvisor was made public. Angie’s List shares popped 10% in late trading to more closely mirror the bid price.

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.

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From:: Stock Market News

U.S. stocks ended Wednesday’s thinly-traded session lower. The S&P 500 has declined in five of the past six sessions. A selloff in energy shares following a drop in oil prices weighed on major indexes. Trading volumes were lower than usual as bond markets and banks were closed in observance of Veterans Day. The S&P 500 closed 6.72 points, or 0.3%, lower at 2,075.00. The Dow Jones Industrial Average lost 56.99 points, or 0.3%, to 17,702.22. The Nasdaq Composite ended the day down 16.22 points, or 0.3%, at 5,067.02.

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.

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From:: Stock Market News

Most small retailers expect November and December sales to meet or exceed 2014 levels, according to a survey conducted by Dealstruck, an online direct lender, but might miss out on online business. Thirty-one percent of respondents to the October survey of 343 small retailers said they sell exclusively in-store, and only 16% said they would target customers through location-based mobile ads. The Deloitte 2015 holiday survey, released in October, said 72% of consumers intended to shop and new or different retailers this season, with 67% saying they would like to shop at a local business.

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.

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From:: Stock Market News

Crude-oil prices tumbled Wednesday on the heels of weekly crude-oil supply data late Tuesday that surprised investors, sparking fresh worries about growing U.S. crude stockpiles. December West Texas Intermediate crude oil finished $1.28, or 2.9%, lower at $42.93 a barrel.

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.

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From:: Stock Market News

J.C. Penney Co. Inc. said it will open stores at 3 p.m. on Thanksgiving Day to kick off its Black Friday sale. Deals will be available online all day with free shipping on orders of $50 or more. The retailer joins the growing list of retailers announcing Thanksgiving openings including Target Corp. , Macy’s Inc. and Best Buy Co. Inc. . J.C. Penney also announced on Wednesday that it beat third-quarter same-store sales estimates with a 6.4% increase and settled a class action lawsuit that accused the company of false advertising. J.C. Penney shares are up 2% over the past three months compared with a 0.2% decline for the S&P. The company will report third-quarter earnings on Friday.

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.

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From:: Stock Market News

Gold futures finished lower on Wednesday, settling at their lowest levels in roughly five years, as intensifying worries about the impact of a rate hike weighs on the precious metal. December gold closed $3.60, or 0.3%, lower at $1,084.90 an ounce, marking the lowest settlement for a most-active contract since early 2010, according to FactSet data.

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.

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From:: Stock Market News

Shares of Facebook Inc. climbed 1.7%
in afternoon trade Wednesday after the social network unveiled a new app that will push news headlines and updates – Twitter style — directly to a user’s mobile device. The company said the app, Notify, gives users a “quick glance” at notifications when the phone is on lock screen. Users can pick from a number of categories, such as news headlines, sports scores, fitness tips and fashion advice, and choose from a number of partner outlets, including Vogue, MarketWatch, Harper’s BAZAAR, The Weather Channel, FOX Sports, Access Hollywood and Billboard. They can then read the notifications from their lock screen, click through to read the whole article or save them for later. Real-time news updates have become an increasingly competitive market in recent months. Twitter last month unveiled Twitter Moments, and Apple in September rolled out Apple News.

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.

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From:: Stock Market News