Category: Stock Market News

Shares of Symantec Corp. rose 1.3% in premarket trade Tuesday, after the security software company announced a $1 billion accelerated share buyback program. The program is part of its previously-announced $5.5 billion capital return program, which includes a special dividend of $4 a share payable March 22. The company expects to buy back a total of $2.3 billion worth of its shares between March 2016 and March 2017. The company said it retained AlixPartners for help with productivity and cost savings improvement.

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

American Airlines Group Inc. has rebuffed earlier reports that the two explosions at Brussels international airport on Tuesday happened next to its check-in desk. The air carrier said its check-in is at row 8 in the Zaventem airport departure hall, and that the explosions did not occur at row 8. The airline has canceled flight 751 from Brussels to Philadelphia on Tuesday after the blasts, thought to be retaliation for the capture of Paris terror suspect Salah Abdeslam. At least 21 people have died in explosions at the airport and at the Maalbeek Metro station in Brussels Tuesday. Shares of American Airlines were down 2.9% premarket.

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

American Airlines Group Inc. has rebuffed earlier reports that the two explosions at Brussels international airport on Tuesday happened next to its check-in desk. The air carrier said its check-in is at row 8 in the Zaventem airport departure hall, and that the explosions did not occur at row 8. The airline has canceled flight 751 from Brussels to Philadelphia on Tuesday after the blasts, thought to be retaliation for the capture of Paris terror suspect Salah Abdeslam. At least 21 people have died in explosions at the airport and at the Maalbeek Metro station in Brussels Tuesday. Shares of American Airlines were down 2.9% premarket.

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

Newell Rubbermaid Inc. said it named Russ Torres to the newly created position of chief transformation officer. Torres, who was previously a partner at consulting firm Bain & Co., will lead integration and transformation efforts, including delivering sales and cost synergies associated with the pending merger with Jarden Corp. Torres will join Newell on April 1. “Russ will be a tremendous asset to our team as we bring Newell Rubbermaid and Jarden together to build a new company with much greater potential than either organization had standalone,” said Mark Tarchetti, who will become president of Newell Brands when the Jarden deal is completed. Shares of the consumer products company, which brands include Sharpie, Paper Mate and Elmer’s, have slipped 2.1% year to date, while the S&P 500 has gained 0.4%.

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.

…read more

From:: Stock Market News

The European Union has canceled all meetings in Brussels on Tuesday after the Belgian capital was rocked by explosions at the city’s airport and Metro system. Vice President of the EU Commission Kristalina Georgieva said in a post to Twitter that all EU institutions were on alert level orange, with all meetings on premises and outside canceled for the day. She also said access was restricted to staff with badges. The lockdown comes after two deadly explosions at the Zaventem Airport in Brussels and a blast at the Maalbeek Metro station close to the EU buildings earlier on Tuesday. Thirteen people were reported dead at the airport attacks, while it was still unclear how many people were injured at the Metro explosion.

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 in airlines and other travel-related companies dropped Tuesday in the wake of deadly attacks in Belgium, which has been on high alert after the arrest of a Paris attack suspect. “No surprise to see European airlines and travel shares being offloaded this morning,” said Mike van Dulken, head of research at Accendo Markets, in a note. “Investors will be fearful of the knock-on to European traveler sentiment which was clearly dented in the wake of the Parisian attacks last November.” Ryanair Holdings PLC shares fell 4.2% in Dublin, Air France-KLM SA dropped 4.3% in Paris, easyJet PLC shed 4.1% in London and Deutsche Lufthansa AG lost 2.7% in Frankfurt. American Airlines Group Inc. fell 1.1% in thin premarket trading ahead of the U.S. market’s open. Meanwhile, travel companies Thomas Cook Group PLC and TUI AG fell 4.7% and 2.9%, respectively.

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 pound dropped nearly 1% against the U.S. dollar Tuesday, following reports of multiple explosions in Brussels. Sterling was down 0.8% to $1.4268. Explosions at the Brussels Airport and at a central Brussels Metro station have reportedly left dozens injured and dead. The question of whether the U.K. should leave the European Union has recently been putting pressure on the pound. The pound fell against the euro, with the shared currency up 0.3% at 78.42 pence.

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

A central Brussels Metro station was hit by an explosion Tuesday morning, according to media reports, following two deadly explosions at the city’s airport earlier in the day. According to Belgian media reports, the Maalbeek Metro station in central Brussels close to the European Union buildings was hit by a bomb, prompting an evacuation of the station. Brussels’s transport authority said it has closed down all Metro stations in the Belgian capital after the Maalbeek explosion. The blast follows two explosions at the Zaventem Airport in Brussels shortly before 8 a.m. local time, or 3 a.m. Eastern Time. Reports said several people are dead and wounded after the airport attack. Brussels Airport said all operations have been suspended until further notice and told people to avoid the airport area. Belgium raised the terror alert to level 4 — the highest level — according to media reports.

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

A central Brussels Metro station was hit by an explosion Tuesday morning, according to media reports, following two deadly explosions at the city’s airport earlier in the day. According to Belgian media reports, the Maalbeek Metro station in central Brussels close to the European Union buildings was hit by a bomb, prompting an evacuation of the station. Brussels’s transport authority said it has closed down all Metro stations in the Belgian capital after the Maalbeek explosion. The blast follows two explosions at the Zaventem Airport in Brussels shortly before 8 a.m. local time, or 3 a.m. Eastern Time. Reports said several people are dead and wounded after the airport attack. Brussels Airport said all operations have been suspended until further notice and told people to avoid the airport area. Belgium raised the terror alert to level 4 — the highest level — according to media reports.

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

Andy Grove, the former chairman and CEO of Intel Corp., died Monday at 79, the company said. For decades, Grove was one of the most influential figures in Silicon Valley, and led Intel’s move into producing microprocessors, helping to usher in the PC era and making Intel one of the world’s biggest tech companies. “We are deeply saddened by the passing of former Intel Chairman and CEO Andy Grove,” Intel CEO Brian Krzanich said in a statement. “Andy made the impossible happen, time and again, and inspired generations of technologists, entrepreneurs, and business leaders.” Grove was well known for his philanthropic efforts, including a $26 million donation to establish the Grove School of Engineering at CCNY. Grove stepped down as CEO in 1998, and served as chairman until 2004. He was diagnosed with Parkinson’s disease in 2000.

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