Foreclosures | Mortgages | Financing
Last year was positive year for borrowers, with approximately 1 million borrowers regaining equity in 2015. As a result, the total number of mortgaged residential properties with equity at the end of the fourth quarter of 2015 reached 91.5% of all mortgaged properties. …read more
From:: Real Estate Wire
Colgate-Palmolive Co. late Thursday said its board approved raising the company’s dividend to 39 cents a share from 38 cents a share starting in the second quarter. The dividend will be paid on May 16 to shareholders of record as of April 22. This boosts the full-year dividend to $1.56 from $1.52.
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
Ulta Salon Cosmetics & Fragrance Inc. shares rallied in the extended session Thursday after the cosmetics retailer’s quarterly results and outlook topped Wall Street expectations. Ulta shares jumped 11% to $181.30 after hours. The company reported fourth-quarter earnings of $1.69 on revenue of $1.27 billion. Analysts surveyed by FactSet had forecast $1.54 a share on revenue of $1.23 billion. For the first quarter, Ulta expects earnings of $1.25 to $1.30 a share on revenue of $1.02 billion to $1.03 billion. Analysts estimate earnings of $1.23 a share on revenue of $1.01 billion. Additionally, Ulta announced a new $425 million share buyback plan, with plans to enter a $200 million “accelerated” buyback agreement with Goldman Sachs.
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 chicken-and-biscuit restaurant chain Bojangles’ Inc. rose 7% late Thursday after the company reported results slightly above expectations. Bojangles’ said Thursday its pro-forma net income rose 7% to $8.2 million, or 22 cents a share, in the fourth quarter, from $7.7 million, or 21 cents a share, in the year-ago period. Total revenue reached $128.8 million in the quarter, up nearly 10% from $117.4 million a year ago. Analysts polled by FactSet had expected the company to report adjusted earnings of 19 cents a share on sales of $128.5 million. Same-restaurant sales rose 0.6%, Bojangles’ said. The FactSet analysts had predicted an increase of 1.4%, from 7% in the year-ago period. Bojangles’ also announced plans to grow by about 8% in net unit count this year, through development in adjacent areas within its core market in the Southeast, the company said in a statement. The company predicted 2016 revenue to reach $533 million to $543 million, and the opening of 60 to 65 new restaurants this year.
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 El Pollo Loco Holdings Inc. slid in Thursday’s extended session after the Mexican-themed fast food chain posted weak quarterly revenue. El Pollo Loco reported its fourth-quarter earnings rose to $5.4 million, or 14 cents a share, from $4.6 million, or 12 cents a share, a year earlier. On an adjusted basis, the company, whose name means “the crazy chicken” in Spanish, earned 15 cents a share. Revenue slipped to $86.3 million from $90 million and system-wide same-store sales rose 1.8%. Analysts surveyed by FactSet had forecast earnings of 13 cents a share on revenue of $88.1 million. The company projected same-store sales to grow in the low single digits in 2016 and announced plans to open up to 22 new company-owned restaurants. El Pollo Loco shares fell 5.7% in after-hours trading.
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 El Pollo Loco Holdings Inc. slid in Thursday’s extended session after the Mexican-themed fast food chain posted weak quarterly revenue. El Pollo Loco reported its fourth-quarter earnings rose to $5.4 million, or 14 cents a share, from $4.6 million, or 12 cents a share, a year earlier. On an adjusted basis, the company, whose name means “the crazy chicken” in Spanish, earned 15 cents a share. Revenue slipped to $86.3 million from $90 million and system-wide same-store sales rose 1.8%. Analysts surveyed by FactSet had forecast earnings of 13 cents a share on revenue of $88.1 million. The company projected same-store sales to grow in the low single digits in 2016 and announced plans to open up to 22 new company-owned restaurants. El Pollo Loco shares fell 5.7% in after-hours trading.
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 came off session lows to close slightly lower Thursday as a rout in oil prices weighed on the main benchmarks. Investors largely shrugged off new easing measures from the European Central Bank, which exceeded the market’s expectations and fueled an early-morning rally. The S&P 500 ended unchanged at 1,989, led by losses in industrials and tech. The Dow Jones Industrial Average closed 6 points, or less than 0.1%, to 16,994, led by a 2% drop in shares of E.I du Pont de Nemours and Company . Meanwhile, the Nasdaq Composite closed down 12 points, or 0.3% at 4,662.
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
Gold futures rallied Thursday to their highest level since early February of last year, buoyed by a drop in the U.S. stock market and a sharply weaker U.S. dollar. April gold rose $15.40, or 1.2%, to settle at $1,272.80 an ounce.
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
The alternative lender’s latest move involves plans to launch a hedge fund that will start out buying the company’s own loans, with the possibility of growing beyond that. SoFi posted a lot of major financial announcements over the past year, including news that it secured $1 billion in Series E funding. …read more
From:: Real Estate Wire
B2R Finance announced a major move with Re/MAX. The company, which is a lender for rental property investors, will begin offering financing solutions for rental property investors through the RE/MAX network of sales associates. …read more
From:: Real Estate Wire