U.S. producer prices up 0.2% in July

WASHINGTON (MarketWatch) – U.S. producer prices moderated in July, rising a seasonally adjusted 0.2% after a 0.4% gain in the prior month, the Labor Department said Friday. Economists polled by MarketWatch had predicted a 0.1% rise in the PPI. Excluding the volatile categories of trade margins, food and energy, core wholesale prices rose 0.2% after a 0.3% gain in June. The prices of goods fell 0.1% while services rose 0.4%, the biggest gain since last October. Over the past 12 months, producer prices are 0.8% lower. The core rate has risen 0.9% over the last 12 months.

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

DuPont upgraded on positive reward-versus-risk profile

DuPont Co.’s stock 1.3% in premarket trade Friday, after the chemical company was upgraded to overweight from neutral at J.P. Morgan, which cited a positive reward-versus-risk profile in owning the shares after five years of underperforming the market. Analyst Jeffrey Zekauskas raised his rating to overweight, after being at neutral since late January. He bumped up his stock price target to $60, which is 13% above Thursday’s closing price of $53.03, from $58. The stock has tumbled 25% year to date through Thursday, while the Dow Jones Industrial Average has slipped 2.3%. Over the past five years, DuPont shares have gained 38% while the Dow has advanced 69%. Zekauskas said the fact that a referendum on management performance, sought by activist investor Nelson Peltz’s hedge fund Trian Fund Management, was settled by a vote of confidence in management is a positive for the stock. “Management is now in a position to demonstrate that the confidence of its shareholder base was well-placed,” Zekauskas wrote in a note to clients. So despite lingering negative conditions in the chemicals industry, “we think there is a positive risk/reward in owning the shares now, he 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

J.C. Penney shares surge 8% after company beats sales estimates

J.C Penney Co. Inc. shares surged 8% in premarket trade Friday, after the department store chain reported a narrower-than-expected loss for the second quarter and beat sales estimates. The company said it had a net loss of $138 million, or 45 cents a share, in the quarter, after a loss of $172 million, or 56 cents a share, in the year-earlier period. Excluding restructuring and other charges, the loss came to 41 cents a share, narrower than the FactSet consensus for a loss of 50 cents a share. Sales edged up to $2.88 billion from $2.80 billion, ahead of the FactSet consensus of $2.86 billion. Same-store sales climbed 4.1% compared with the FactSet consensus of 4.0%. “Although we have significant work to do as a company to regain our status as a world-class retailer, I am pleased with the resilience and the efforts of our associates,” Chief Executive Marvin Ellison said in a statement. Shares have gained 24.5% in the year so far, while the S&P 500 is up 1.2%.

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

Tesla prices increased stock offering at $242 a share

Tesla Motors Inc. said in a regulatory filing Friday that it increased its public share offering to 2,694,934 shares, from the 2.1 million previously announced. The offering was priced at $242 a share, or just 0.2% below Thursday’s closing price of $242.51, as the electric-car company raised $652.17 million. Chief Executive Elon Musk has indicated that he would like to buy 82,645 shares of the offering, for $20 million. Net proceeds are estimated to be $641.9 million; if the underwriters of the offering exercise their options to buy additional shares, net proceeds from the offering would be about $738.3 million. “We intend to use the net proceeds from this offering to accelerate the growth of our business in the U.S. and internationally, including the growth of our stores, service centers, Supercharger network and the Tesla Energy business, and for the development and production of Model 3, the development of the Tesla Gigafactory and other general corporate purposes,” Tesla said in its filing. The stock, which gained 1% in premarket trade, has climbed 9% year to date through Thursday, while the S&P 500 has edged up 1.2%.

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

Sweltering? Here are 10 Hacks for Living Without AC

By Trulia

tel aviv   aug 19  baby  talya...

Filed under:

No AC? No problem! With these hacks, you can keep cool this summer — and keep your electric bill down.

When the temperature creeps past 90 degrees on a hot summer day, it’s natural to regret the decision to rent a place without air conditioning or own a home without AC installed. But don’t despair. With these tips for living without an air conditioner, you can stave off the sweltering heat without paying a sky-high utility bill (or putting in a noisy, energy-sucking window unit).

1. Change the rotation on your ceiling fan to counterclockwise.

It’s easier than you think to make this fix (usually your fan will have a little switch on the motor housing that alters its rotation), and doing so will allow the blades to circulate faster, creating a cooler breeze. If you have box fans, turn them around so that they blow hot air out the window.

2. Don’t let the light in.

Keeping shades, curtains, or blinds closed can lower the temperature inside your house by up to 20 degrees.

3. Channel your inner MacGyver.

Create a misting effect by placing a metal mixing bowl full of ice in front of a fan. Tilt the bowl so that the fan blows directly onto the ice. When the air hits the cubes, it will release a cool, misty breeze that chills the whole room.

4. Don’t close yourself off.

By shutting doors, that is. Keep inside doors open throughout the day, which allows the cool air to circulate throughout your house.

5. Revamp your bedding.

Pack away the flannel sheets (duh) and opt for percale instead, which is more breathable. Mist your sheets with cool water before bedding down for the night (or stick them in the freezer for a few minutes), and invest in a buckwheat pillow, which won’t trap heat the way traditional pillows do.

6. And then sleep solo.

Your partner may balk, until he or she realizes how much body heat cuddling creates.

7. Hit up your hot water bottle.

Only this time, stick it in the freezer first and then position it near your feet, which contain many pulse points. If you don’t have a hot water bottle, dunk your feet in ice water before turning in.

8. Unplug.

Appliances that are plugged in radiate heat — even when they’re not in use. So unplug what you can. Now is also the time to embrace your grill; turning on the oven on a 100-degree day is only going to make things hotter. But you knew that.

9. Turn off the lights.

Even the most energy-efficient light bulbs give off some heat, so make do with natural light on super-hot days. But still swap out incandescent bulbs for CFLs, which will also lower your energy bill.

10. Lie low.

Literally. Hot air rises, so putting your mattress on the floor can help you stay cool while you slumber. Or if you’re feeling outdoorsy but like sleeping with a roof over your head, rig up an indoor hammock, which will increase airflow. Bonus: It may even …read more

From:: Renting

Aflac boosts stock buyback program by 40 million shares

Aflac Inc. said on Thursday that it was increasing its stock repurchase program by 40 million shares. At Thursday’s closing price of $64.17, the value of the increased authorization would be $2.57 billion. Including the 16 million shares that remained under the previous program, the insurer is now authorized to buy back up to 56 million shares, or about 13% of the shares outstanding, according to FactSet. “Whether we’re talking about our operations in Japan or the U.S., as an insurance company, our primary mission is to fulfill our obligations to our policyholders,” said Chief Executive Daniel Amos. “At the same time, we are listening to our shareholders and understand the importance of capital deployment.” The stock, which edged up 0.4% in after-hours trade, had gained 5% year to date, compared with the 1.2% rise in the S&P 500.

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

Nordstrom shares surge on better-than-expected Q2 profit

Nordstrom Inc. shares surged more than 5% in after-hours trade Thursday, after the company reported stronger-than-expected second-quarter profit. Nordstrom said it had net profit of $211 million, or $1.09 a share, for the quarter ending August 1, up from $183 million, or 95 cents a share, in the year-earlier period. That beat the FactSet consensus of 90 cents. Sales increased 4.6% to $3.598 billion, compared with $3.296 billion the prior year. The FactSet consensus was for sales of $3.679 bln. The retailer revised its full-year EPS outlook to $3.70 to $3.80 from a prior outlook of $3.65 to $3.80. The company also tweaked its sales growth outlook to 8.5% to 9.5% from a prior 7% to 9%.

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

GE Capital sells online deposit platform, transfers $16 billion in deposits, to Goldman Sachs Bank

General Electric Co. announced on Thursday an agreement to sell GE Capital Bank’s U.S. online deposit platform to Goldman Sachs Group Inc.’s Goldman Sachs Bank USA. As part of the deal, about $16 billion worth of deposits, including online savings accounts and certificates of deposit (CDs), will be transferred to GS Bank. The value of the deal was not disclosed. GE Capital Bank’s president, Scott Roberts, is expected to join GS Bank. “As we work to reduce the size and complexity of GE Capital, this transaction is another key step,” said GE Capital Chief Executive Keith Sherin. “It advances GE Capital’s new strategic direction by facilitating closure of one of our two U.S. bank charters, which we believe will help us become less systemically important.” GE’s stock, which edged up 0.1% in after-hours trade, has gained 2.1% year to date, while the Dow Jones Industrial Average has lost 2.3%. Goldman Sachs shares were little changed in after-hours trade.

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

El Pollo Loco share tumble 12% as revenue, same-store sales fall short

Shares of El Pollo Loco Holdings Inc. plummeted more than 12% after the company reported weaker-than-expected revenue for the second quarter. The company reported a net profit of $7.2 million, or 18 cents per share, compared with $6.6 million, or 22 cents per share in the same period a year ago. El Pollo Loco’s adjusted earnings per share were 19 cents, ahead of the FactSet consensus of 18 cents. The company posted revenue of $89.5 million, compared to $86.9 million in the year prior period. The FactSet consensus was $93 million. Same-restaurant sales rose 1.3%, below the FactSet consensus of 3.2%.

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