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Amgen Inc. shares ticked up slightly in the extended session Thursday after the biotech company said the Food and Drug Administration approved its new cholesterol treatment. Amgen shares rose 0.5% to $156.56. The company said the treatment, Repatha, lowers “bad” cholesterol by blocking a protein that reduces the liver’s ability to remove it from the blood.

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From:: Stock Market News

Shares of Activision Blizzard Inc. and United Continental Holdings Inc. both jumped in the extended session after S&P Dow Jones Indices said it will add the videogame publisher and the airline to the S&P 500 Index . Activision shares surged 6.3% to $29.70 and United shares rallied 6.7% to $56.92. The companies will replace Pall Corp. and Hospira Inc. , which are both being acquired. Activision will join the S&P 500 around Aug. 28, and United will join Sept. 2.

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From:: Stock Market News

J. Crew Group, Inc. reported a net loss of $13.6 million for the second-quarter fiscal 2015. Sales decreased 10% to $506.5 million. The privately held retailer said revenue decreased 5% to $593.6 million. The company’s Madewell brand reported a 22% increase in sales to $67.9 million.

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From:: Stock Market News

Freeport-McMoRan Inc. said late Thursday it “welcomes constructive input” from shareholders, in response to news earlier Thursday that activist investor Carl Icahn had taken a stake in the mining company. Freeport-McMoRan shares jumped another 19% to $12.16 after hours as Icahn disclosed he’d taken a stake in the company and felt shares were undervalued. Earlier in the day, Freeport-McMoran said it was cutting its capital spending plans, sending shares up nearly 29% to close at $10.19.

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 Dow Jones Industrial Average just made history, highlighting the new level of turbulence stock investors face in whipsawing trading sessions. On Thursday, the blue-chip index ended with a gain or loss of at least 200 points for a sixth consecutive session–something the Dow has never done, according to Dow Jones data. The Dow ended Thursday’s bumpy session up 369.26, or 2.3%, at 16,654.77–it’s second day of gains since snapping a six-day losing streak Wednesday. Meanwhile, The S&P 500 finished up 47.15 points, or 2.4% to 1,987.66, and the Nasdaq Composite Index climbed 115.17 points, or 2.5%, to 4,812.71

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From:: Stock Market News

One billion people used Facebook Inc. on Monday, marking a new milestone for the company, according to chief executive Mark Zuckerberg. In an announcement on his Facebook page, Zuckerberg said the numbers equate to one in seven people worldwide using the platform Monday. “This was the first time we reached this milestone, and it’s just the beginning of connecting the whole world,” the post says. In its second-quarter earnings in July, Facebook reported daily active users of 968 million, above 936 million in the previous quarter. Shares of Facebook were down less than 1% in after hours trading 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

Smith & Wesson Holding Corp. reported late Thursday its fiscal first-quarter profit rose to $14.4 million, or 26 cents a share, from $14.56 million, or 26 cents a share, a year ago. Revenue for the three months ended July 31 rose 12% to $147.8 million from $131.9 million a year ago. Analysts surveyed by FactSet had expected the gun maker to earn 23 cents a share on $142.9 million in revenue. The company also raised its profit outlook for the fiscal year ending April 30, 2016, to a range of 99 cents to $1.04 a share and said it now expects full-year sales of $610 million to $620 million. Smith & Wesson shares rallied as much as 7% to $17.40 on the report, adding to a 71% gain for the stock so far this year.

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From:: Stock Market News

Legendary investor Carl Icahn has set his sights on miner Freeport-McMoRan Inc. , saying the company shares are undervalued and that he plans on having discussions about executive pay and capital expenditures, according to a filing. Icahn also said his fund may seek representation on the company’s board. Shares of Freeport McMoRan surged 18% in late-trading Thursday, after ending the day up 29%. The company earlier Thursday said it would cut its mining budget by 25% next year and cut 10% of its mine staff to counter a slump in commodity prices.

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From:: Stock Market News

By Molly Armbrister

Village at the Peaks in Longmont is 85 percent leased ahead of its opening this fall, its developer said Thursday.

The mall is the reincarnation of Twin Peaks Mall, which entered foreclosure in 2011 and was subsequently purchased by NewMark Merrill Mountain States, which got to work redeveloping the property in 2012. Construction broke ground in Aug. 1, 2014.

The retail center has been rebranded as Village at the Peaks and a portion of it is scheduled to open in time for the 2015 holiday shopping… …read more

From:: biz journal foreclosures

Worries about China drove more than $10 billion in funds from emerging markets this week, the biggest outflow in over seven years. Investors withdrew more than $4.5 billion from both Asia ex-Japan and the diversified Global Emerging Markets Equity Funds in the week ended Aug. 26, according to EPFR Global Thursday. Investors also redeemed over $1 billion from China Equity Funds. Developed Markets Equity Funds suffered redemptions with the Europe Equity Funds posting a net outflow after 14 straight weeks of inflow. The only exception was Japan Equity Funds which saw an inflow of about $3 billion during the week. U.S. Equity Funds, likewise, were in the red with Large Cap Equity Funds posting the largest redemptions. “Year to date, investors have pulled over $135 billion from U.S. Equity Funds with retail redemptions accounting for three-quarters of that total,” said EPFR in its 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.

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From:: Stock Market News