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By Jeff Blumenthal

New Jersey has passed Florida to post the highest foreclosure rate of any state in the nation, according to third quarter data from RealtyTrac.

Foreclosure activity in the Garden State increased 27 percent from a year ago, boosting the state’s foreclosure rate to one in every 171 housing units with a foreclosure filing during the quarter — more than twice the national average of one in every 404.

New Jersey foreclosure starts were down 28 percent from a year ago, but scheduled foreclosure auctions… …read more

From:: biz journal foreclosures

First Data Corp. on Wednesday priced its initial public offering at $16 a share, Dow Jones Newswires reported, citing sources. That would be below the $18 to $20 range that First Data had been seeking. The commerce-enabling technology company plans to offer 160 million shares and grant the underwriters the option to purchase up to an additional 24 million shares. First Data plans to use the funds to pay outstanding debt and for general corporate purposes.

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

Northrop Grumman Corp. said late Wednesday it will combine elements of its electronic systems, information systems and technical services sectors as part of an effort to streamline its operations. It also named Gloria Flach as chief operating officer as part of the process. The changes will go into effect Jan. 1, 2016 and are not expected to affect the company’s 2015 results. Northrop shares were flat in after-hours trading.

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

HCA Holdings Inc. shares dropped in the extended session Wednesday after the hospital operator forecast third quarter earnings below the Wall Street consensus. HCA shares dropped 10% to $68.47. The company expects third-quarter earnings of $1.17 a share on revenue of $9.86 billion. Analysts surveyed by FactSet had estimated earnings of $1.22 a share on revenue of $9.85 billion. For the year, HCA expects earnings of $5.20 to $5.25 a share. Analysts had forecast $5.29 a share.

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

The American Petroleum Institute late Wednesday reported that crude supplies jumped by 9.3 million barrels for the week ended Oct. 9, according to sources. Analysts polled by Platts expected supplies to be up 1.8 million barrels. November crude was at $46.15 a barrel in electronic trading, down from the contract’s settlement of $46.64 on the New York Mercantile Exchange. The more closely watched Energy Information Administration report is due Thursday. Supply data are released a day later than usual this week because of Monday’s holiday.

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

Dexcom Inc. shares rallied in the extended session Wednesday after the glucose monitoring system company forecast third-quarter revenue well above the Wall Street consensus. Dexcom shares jumped 14% to $80.50. The company said it expects third-quarter revenue of $105 million. Analysts surveyed by FactSet had forecast $97.7 million for the quarter.

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

Xilinx Inc. gained in Wednesday’s extended session after the programmable logic devices maker reported better-than-expected results despite earnings falling 23%. Xilinx said its fiscal second-quarter quarter earnings dropped to $127 million, or 48 cents a share, from $172 million, or 62 cents a share, a year ago. Analysts surveyed by FactSet had forecast earnings of 46 cents a share. Revenue decreased 13% to $528 million. The company forecast sales to rise 3% to 7% sequentially in the third quarter while gross margin is projected at around 69%. Xilinx shares rallied 3.6% in after-hours trading.

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

Square Inc. filed a prospectus with the U.S. Securities and Exchange Commission Wednesday saying it intends to list on the New York Stock Exchange under the symbol “SQ.” The prospectus says they plan to raise up to $275 million in the IPO. In its prospectus, Square reported net losses of $154.1 million in 2014, $104.5 million in 2013 and $85.2 million in 2012. It reported net revenue of $850 million for 2014 and $552 million for 2013 and $203 million for 2012. The offering is being underwritten by Goldman, Sachs & Co., Morgan Stanley, and J.P. Morgan with additional book-running managers of Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, and Stifel and Loyal3 Securities as co-manager.

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 Analog Devices Inc. and Maxim Integrated Products Inc. rallied on Wednesday following a Bloomberg report that the two companies are negotiating a merger. Maxim, which was holding a strategic review of its business was approached by Analog Devices about a potential deal, Bloomberg reported, citing sources familiar with the matter. Analog shares jumped 8.8% to close at $60.99 while Maxim shares soared 10% to finish at $38.33.

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 finished lower Wednesday as Wal-Mart cut its growth outlook and as a key report from the Federal Reserve offered a muted look at growth. The slide in stocks marked the first consecutive losses for the main indexes in October after a stretch of gains helped markets shake off a late-August slump. The Dow Jones Industrial Average lost about 157 points, or 0.9%, to 16,924, while the S&P 500 shed roughly 9 points, or 0.5%, to 1,994. The Nasdaq Composite was about 13 points, or 0.3%, lower to 4,782.

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