Make nicks, dings, and scratches in furniture disappear with these pro methods …read more
From:: DIY this old house
How to Fix a Furniture Finish
Jeff Bezos is $7 billion richer after blowout results
Amazon.com Inc. co-founder Jeff Bezos is more than $7 billion richer after the e-commerce giant reported blowout second-quarter results. Amazon’s stock rocketed $85.59, or 18%, to $567.77 in recent after-hours trade. That means the 83,921,121 shares Bezos owned as of May 14, according to FactSet, is worth $7.18 billion more than it was less than 45 minutes ago. Overall, Amazon’s market-capitalization increased by $39.86 billion after Thursday’s close.
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.
From:: Stock Market News
Shares of TrueCar fall 28% after profit warning for second-quarter and full year
Shares of car buying and selling platform TrueCar Inc. fell 28% after hours Thursday after the company issued a profit warning for the second-quarter and full year. The company said it expects to post a net loss of $15 million to $15.5 million for the second quarter, and revenue of $65 million to $65.3 million. Analysts surveyed by FactSet were expecting second-quarter sales of $68.5 million. The company reduced its full year revenue outlook to a range of $252 million to $258 million. The lowered guidance was partially due to the fact that it sold fewer cars than expected, the company said. “While we set new records for units, revenue and dealer count within the quarter, we experienced execution challenges in meeting our growth expectations,” said TrueCar CEO Scott Painter.
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.
From:: Stock Market News
Juniper Networks breaks out of slump, stock jumps
Struggling networking company Juniper Networks gained more than 10% in after-hours trading Thursday as its newest quarterly results showed a potential return to health. The Silicon Valley company, which named its third CEO in less than a year in late 2014, reported net income of $158 million, or 40 cents a share, on sales of $1.22 billion, and said adjusted earnings were 53 cents a share. Analysts surveyed by FactSet expected Juniper to report adjusted earnings of 40 cents a share on sales of $1.11 billion. Juniper shares topped $29 in late trading after closing with a 1.2% gain at $26.48.
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.
From:: Stock Market News
Starbucks shares rise after Q3 results top expectations, buyback announcement
NEW YORK (MarketWatch) — Starbucks Corp. shares rose almost 3% in after-hours trading on Thursday after the coffee-house chain reported better-than-expected fiscal third-quarter profit and sales. Net income in the quarter ended June 28 rose to $626.7 million, or 41 cents a share, from $512.6 million, or 34 cents, a year earlier. Excluding items, the company said it reported profit of 42 cents a share. That topped the 41-cent FactSet consensus. Total revenue rose 18% to $4.88 billion, also topping FactSet consensus of $4.87 billion. Starbucks cut its fourth quarter profit outlook to reflect the acquisition of Starbucks Japan and the redemption of debt. Excluding those items, the company kept fourth-quarter profit outlook of 42 cents to 43 cents a share. Analysts surveyed by FactSet were looking for profit of 43 cents a share. Starbucks also said it plans to buy back additional 50 million shares on top of 11 million shares that remain available for purchase under an existing authorization. It also inked a deal with PepsiCo Inc. to sell Starbucks ready-to-drink coffee and energy drinks in Latin America.
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.
From:: Stock Market News
Starbucks shares rise after results top expectations; buyback announced
NEW YORK (MarketWatch) — Starbucks Corp. shares rose almost 3% in after-hours trading on Thursday after the coffeehouse chain reported better-than-expected third-fiscal-quarter profit and sales. Net income in the quarter ended June 28 rose to $626.7 million, or 41 cents a share, from $512.6 million, or 34 cents, a year earlier. Excluding nonrecurring items, the company said it reported profit of 42 cents a share. That topped the 41-cent FactSet consensus. Total revenue rose 18% to $4.88 billion, exceeding the FactSet consensus of $4.87 billion. Starbucks cut its fourth-quarter profit outlook to reflect the acquisition of Starbucks Japan and the redemption of debt. Excluding those items, the company kept its fourth-quarter profit outlook at 42 or 43 cents a share. Analysts surveyed by FactSet had an average estimate of 43 cents a share. Starbucks also said it plans to buy back an additional 50 million shares on top of the 11 million shares that remain available for purchase under an existing authorization. It also inked a deal with PepsiCo Inc. for the sale of Starbucks ready-to-drink coffee and energy drinks in Latin America.
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.
From:: Stock Market News
Amazon shares jump 15% after beating earnings expectations
Amazon Inc. shares jumped 15% after-hours Thursday after the company beat second-quarter earnings expectations. The e-commerce company reported net income of $92 million, or 19 cents a share, after losing $126 million, or 27 cents a share, in the year-earlier period. The FactSet consensus was a loss per share of 15 cents. Amazon reported sales of $23.1 billion, above the FactSet consensus of $22.4 billion. Amazon said it expects third-quarter sales between $23.3 billion and $25.5 billion. “The teams at Amazon have been working hard for customers,” said CEO Jeff Bezos, citing the company’s launch of Amazon Business and Prime same-day delivery, among other factors. Amazon shares have gained 23% in the past three months, compared to the S&P 500’s loss of 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.
From:: Stock Market News
Starbucks board approves repurchase of addtional 50 million shares
Starbucks Corp. said Thursday that its board has approved the repurchase of an additional 50 million shares. The company said the approval will add to the 11 million shares that remain available under its existing program. Shares are up 38% in the year so far, while the S&P 500 has gained about 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.
From:: Stock Market News
U.S. stocks end lower for 3rd straight session
U.S. stocks closed with losses for the third consecutive session, as weak earnings from companies such as Caterpillar and 3M weighed on sentiment. The S&P 500 fell 12 points, or 0.6%, to 2,102.15. The Nasdaq Composite dropped 25.36 points, or 0.5%, to 5,146.41. The Dow Jones Industrial Average declined 119.09 points, or 0.7%, to 17,731.95, falling below its 200-day moving average – a key technical level.
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.
From:: Stock Market News
Doral office building loses $23M foreclosure judgment, competing buyers could head off auction
The Doral Court office building has been scheduled for foreclosure auction on Sept. 1, but several potential buyers are competing to purchase the property before then.
Doral Court Debt Holdings, an affiliate of New York-based Triangle Capital Group led by Michael Pinewski, won a $22.7 million foreclosure judgment against 45 LLCs with the name NNN Doral Court. They represent multiple tenants in common that collectively own the 230,504-square-foot office complex at 8600 N.W. 36th Street. It has 209,075… …read more
From:: biz journal foreclosures