Author: admin

Xerox Corp. said Monday it had a loss of $34 million, or 4 cents a share, in the third quarter, after earnings of $266 million, or 23 cents a share, in the year-earlier period. Excluding special charges, adjusted per-share earnings came to 24 cents, ahead of the FactSet consensus of 23 cents. Revenue fell to $4.3 billion from $4.8 billion, below the FactSet consensus for $4.5 billion. The company said its board has approved a review of its business portfolio and capital allocation options. “Although we already have taken steps to accelerate cost reductions and prioritize investments to drive improved productivity and higher margins, our board determined that undertaking a comprehensive review of structural options for the company’s portfolio is the right decision at this time,” Chief Executive Ursula Burns said in a statement. Xerox is now expecting fourth-quarter adjusted EPS of 28 cents to 30 cents, surrounding the FactSet consensus of 29 cents. Shares rose 1.7% in premarket trade, but are down 25% 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

U.S. regulators are widening the scope of a probe into Deutsche Bank’s [activities in Russia to cover possible sanctions violations, the Financial Times has reported. The German bank’s Moscow unit was already being investigated by the Justice Department and New York Department of Financial Services over allegations of money laundering. That examination of $6 billion in trades found some transactions allegedly involved U.S. dollars and a U.S. citizen, the FT said in its report Sunday, citing sources familiar with the case. If proved, the alleged breaches would be the first ones under sanctions levied on Russia after its annexation of Crimea.

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

Shares in Piedmont Natural Gas Co. climbed 8.5% in thin premarket trading Monday after Duke Energy Corp. announced plans to buy Piedmont for $4.9 billion in cash. The boards of both companies have unanimously approved the buyout deal, said Piedmont and Duke in a news release. Piedmont shareholders will receive $60 in cash for each share of common stock, representing a roughly 40% premium to Piedmont’s closing price on Friday, the release said. The companies also said Duke will assume about $1.8 billion in Piedmont’s existing net debt, representing a total enterprise value of about $6.7 billion.

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

A magnitude 7.5 earthquake hit northeastern Afghanistan Monday, with tremors felt in parts of Pakistan and India. The center of the temblor was 30 miles south of Jarm in Afghanistan, according to the U.S. Geological Survey. But tremors “rocked” parts of Pakistan, hitting cities such as Lahore, Islamabad and Rawalpindi, according to the Daily Pakistan newspaper. Parts of India, such as Delhi, also shook, reports on social media said.

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

President Obama said Saturday he’s asked the Department of Education to try to reduce the number of standardized tests administered in public schools. “Tests shouldn’t occupy too much classroom time, or crowd out teaching and learning,” Obama said in a video on the White House Facebook page.

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

Three people were killed and more than 20 others injured when a car crashed into a crowd watching the Oklahoma State homecoming parade Saturday in Stillwater, Oklahoma. Police have taken the female driver into custody. Firefighters participating in the parade began providing aid on the scene, the Stillwater fire chief said at a press conference. Oklahoma State will play its scheduled homecoming game against Kansas, according to OSU president, V. Burn Hargis.

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

Once powerful hurricane Patricia, the strongest storm ever recorded in the Western Hemisphere, was downgraded to a tropical depression with sustained winds of 35 mph late Saturday morning. The weather system is still dumping large amounts of rain over central Mexico posing the risk of flash floods and mudslides.

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

Hurricane Patricia was downgraded to a tropical storm Saturday as the once powerful system moved over mountainous central Mexico. Patricia is still producing heavy rains which could cause life-threatening flash floods and mudslides, according to a National Weather Service statement.

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

Taking a cue from reader remodels, we decided to retrofit a charming old bureau for a whole new purpose …read more

From:: DIY this old house

Plenty of people are happy just flipping through This Old House, but these determined DIYers didn’t stop there …read more

From:: DIY this old house