Category: Stock Market News

Tiffany & Co. said Tuesday that it named Mark Erceg at its chief financial officer, effective Oct. 18. Erceg, who was most recently CFO of Canadian Pacific Railway Ltd. since May 2015, replaces the previous CFO who left the company in May. Erceg was also CFO of Masonite International Corp. from 2010 through May 2015. Tiffany’s stock, which was still inactive in premarket trade, has rallied 12% over the past three months but was still down 10% so far this year, while the S&P 500 has gained 5.6% year to date.

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

FXCM Inc. said Tuesday it is transferring its stock exchange listing to The Nasdaq Global Market from the New York Stock Exchange. The foreign exchange trading service provider said the last day of trading on NYSE will be Friday, Sept. 23. The stock will continue to trade under the ticker ‘FXCM’. Shares were indicating higher in premarket trade, but are down 45% in the year so far, while the S&P 500 has gained 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.

…read more

From:: Stock Market News

The U.S. on Tuesday sent nuclear-capable supersonic bombers in a fly-over across ally South Korea, the Associated Press reported, citing an eye-witness account from one of the news service’s photographers. The maneuver was presumably a show of force after North Korea’s recent nuclear test. The B-1B bombers, escorted by U.S. and South Korean jets, flew over Osan Air Base, which is about 75 miles from the border with North Korea, the AP reported. South Korea doesn’t have nuclear weapons and relies on the so-called U.S. “nuclear umbrella” as a deterrent to North Korea. Last week’s nuclear test, the North’s fifth, was its most powerful test to date.

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

WASHINGTON (MarketWatch) — A measure of small-business sentiment declined in August as owners became more hesitant, with election worries at the forefront. The National Federation of Independent Business small-business optimism index fell 0.2 points to 94.4. The outlook for business conditions in the next six months had the most dramatic change, dropping seven points. Setting an all-time high for the survey, 38% of business owners cited the political climate as a reason not to expand, the NFIB survey 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

Sanmina Corp. rose in Monday’s extended session after the company’s board authorized a share buyback of up to $150 million. The repurchase program has no expiration date and will commence when the company goes through the $63 million remaining in its current plan. Shares of Sanmina gained 1% after hours.

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 of Weight Watchers International Inc. skidded in Monday’s extended session after the company said Chief Executive James Chambers has resigned, effective Sept. 30, and the company has begun its search for a successor. The company has also formed an interim leadership office to oversee operations until a permanent CEO has been appointed. Weight Watchers stock skidded more than 7% after hours.

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 of Anadarko Petroleum Corp. fell 3.5% in late trading Monday after the oil and gas company said its board of directors has agreed to buy the deepwater Gulf of Mexico assets of Freeport McMoRan Oil & Gas for $2 billion. The deal, expected to close before the end of the year, adds about 80,000 net barrels of oil equivalent a day to Anadarko’s portfolio, and doubles the company’s ownership in the gulf’s Lucius development to 49%, the company said in a statement. “This immediately accretive, bolt-on transaction strengthens our industry-leading position in the Gulf of Mexico and is a catalyst for the company’s oil-growth objectives, with quality assets being acquired at an attractive price to create significant value,” Anadarko CEO Al Walker said. The deal will generate “substantial” free cash flow, he said. In a separate statement, Anadarko said it has registered to sell 35.25 million shares of its common stock, with net proceeds used for general corporate purposes. Shares of Anadarko had ended the day up 0.1%.

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

LendingClub Corp. said Monday Thomas W. Casey will join as chief financial officer effective Sept. 19. Casey will report to Scott Sanborn, LendingClub’s chief executive. Thomas’s hiring is the latest in a string of other high-profile hires at LendingClub, which has lured executives from Blackrock, Morgan Stanley, and McKinsey in recent months. Shares of LendingClub fell 0.4% in late trading after ending the regular session up 4.3%.

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. stocks rallied on Monday after Federal Reserve Gov. Lael Brainard stressed the need for caution as the Fed considers raising interest rates. The S&P 500 rose 31 points, or 1.5%, to close at 2,158 while the Dow Jones Industrial Average gained 238 points, or 1.3%, to end at 18,324. The Nasdaq Composite Index advanced 85 points, or 1.7%, to close at 5,211. Brainard’s comments carried a great deal of weight as her speech was the last by a Fed official before the central bank goes quiet ahead of its Federal Open Market Committee meeting next week.

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 Barack Obama will veto a bill allowing the families of victims of the Sept. 11, 2001 attacks to sue Saudi Arabia, White House spokesman Josh Earnest said Monday. The bill has strong support in Congress, having passed both the House and Senate by voice vote. The White House has said it is opposed to the bill due to potential threats against U.S. service members abroad. If Congress overrides Obama’s veto it would be the first time since he took office.

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