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The Bank of England on Thursday left its lending rate at a record low of 0.5%, as expected. Policy makers voted 8-1 to hold the rate where it’s been since March 2009. BOE member Ian McCafferty voted for a rate increase of 25 basis points. The bank’s quantitative-easing program was also left unchanged, at 375 billion pounds ($577 billion). The pound rose to $1.5437 after the decision was released, compared with $1.5369 late Wednesday. The FTSE 100 index slightly extended its loss to 1% at 6,167.28.

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From:: Stock Market News

Lululemon Athletica Inc. on Thursday posted second-quarter results that came in ahead of Wall Street’s estimates. The yoga-gear maker’s net earnings were $47.7 million, or 34 cents a share, on revenue of $453 million. A year ago, earnings were $48.7 million, or 33 cents a share, on sales of $390.7 million. Analysts polled by FactSet had expected per-share earnings of 33 cents a share on revenue of $445.6 million. Same-store sales rose 6% on a constant dollar basis for the most recent period. Lululemon now expects fiscal 2015 sales of $2.03 billion to $2.06 billion, and per-share earnings of $1.87 to $1.92. The company in June forecast sales of $2 billion to $2.05 billion, and earnings of $1.86 to $1.91 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

Declutter your kitchen and make use of every available inch with these smart ideas from The Snug …read more

From:: DIY this old house

A plain flat-pack dresser gets a vintage-hardware-fueled redo. Then another, and another… …read more

From:: DIY this old house

This Old House general contractor Tom Silva transforms stock shelving into a custom built-in …read more

From:: DIY this old house

Transform a salvage yard find into the latest addition for your sleepspace …read more

From:: DIY this old house

The American Petroleum Institute late Wednesday reported that crude supplies rose by 2.1 million barrels for the week ended Sept. 4, according to sources. Analysts polled by Platts forecast a climb of 300,000 barrels. October crude was at $44.15 a barrel on Globex, unchanged from the settlement on the New York Mercantile Exchange. Supply reports were delayed by a day because of the Labor Day holiday. The more closely watched Energy Information Administration report is due 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.

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From:: Stock Market News

Express Scripts Holding Inc. said Wednesday it has appointed Tim Wentworth as chief executive effective May 2016, replacing George Paz who is retiring. Wentworth was named president of the health care company in February of 2014. He joined the company in April 2012, following its merger with Medco Health Solutions, where he held a number of leadership roles. he has also done stints at Accredo as CEO, at Mary Kay Inc. and at PepsiCo Inc. Express Scripts shares were little changed in after-hours trade, but are down 1.3% in the year so far, while the S&P 500 has lost 5.6%.

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 Con-Way Inc. rallied 33% in after-hours trading Wednesday after XPO Logistics Inc. said it had agreed to buy the Ann Arbor, Mich.-based Con-Way for $3 billion. Under the terms of the agreement, XPO will launch a tender offer for all Con-Way’s shares at a cash price of $47.60 a share. That’s 34% higher than Con-Way’s Wednesday closing price of $35.53. The deal was valued at $3 billion, including $290 million in debt. Bradley Jacobs, XPO’s chairman and chief executive, will keep these positions at the combined company. Shares of XPO were flat in late trading after ending the day down 2.4%.

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

Krispy Kreme Doughnuts Inc. said Wednesday it earned $5.9 million, or 9 cents a share, in the fiscal second quarter, compared with $5.8 million, or 8 cents a share, a year ago. Revenue rose 5.7% to $127.3 million in the quarter, the doughnut maker said. Adjusted for one-time items, Krispy Kreme reported an adjusted net income of 15 cents a share. Analysts polled by FactSet had expected the company to report adjusted earnings of 18 cents a share on sales of $131.2 million. The company said its U.S. same-store sales rose 5.5% in the quarter, while international franchise same-store sales were down 2.7%. Shares of Krispy Kreme plunged after the revenue and earnings miss and were down as much as 17% in after-hours trading after ending the regular session down 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