Foreclosures | Mortgages | Financing
Mortgages rates didn’t move from last week amid continued market volatility. And while mortgages rates remained unchanged, they didn’t reverse any of last week’s declines, which marked six consecutive weeks of drops. …read more
From:: Real Estate Wire
Mortgages rates didn’t move from last week amid continued market volatility. And while mortgages rates remained unchanged, they didn’t reverse any of last week’s declines, which marked six consecutive weeks of drops. …read more
From:: Real Estate Wire
International Business Machines Corp.’s stock is running up 4.6% in morning trade Thursday, enough to keep the Dow Jones Industrial Average in positive territory. The $5.83 price gain in IBM shares is adding about 40 points to the Dow, which is up 7 points. Earlier, IBM announced it was buying cloud-based healthcare data provider Truven Health Analytics for $2.6 billion. IBM’s stock has not lost 2.9% over the past three months, while the Dow has dropped 7.2%.
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 opened higher on Thursday as a continued rally in oil prices boosted energy companies. If the main indexes close higher on Thursday it would mark the fourth straight session of gains. The S&P 500 opened 2 points, or 0.1%, higher at 1,929. The Dow Jones Industrial Average added 41 points, or 0.2%, to 16,492 shortly after the open. Meanwhile, the Nasdaq Composite began the day up 10 points, or 0.2%, at 4,544.
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
Coca-Cola Corp. announced Thursday a 6% increase in its quarterly dividend to 35 cents a share from 33 cents a share. The new dividend will be payable April 1 to shareholders of record as of March 15. Based on Wednesday’s closing price of the beverage giant’s shares at $43.49, the new annual dividend of $1.40 a share represents a dividend yield of 3.2%, above the aggregate S&P 500 dividend yield of 2.31%, according to FactSet. The company said it was the 54th consecutive year that it has raised its dividend. The stock, which edged up 0.4% in premarket trade, has gained 2.9% over the past three months, while the Dow Jones Industrial Average has lost 7.2%.
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
Shares of Virgin America fell 1% pre-market Thursday after the company missed fourth-quarter revenue expectations. Virgin America reported net income of $190.9 million, or $4.28 per share, up from $3.87 million, or 16 cents per share, in the year-earlier period. Excluding special items, Virgin American reported earnings per share of $1.20, in line with the FactSet consensus of $1.20. The company reported revenue of $391. 5 million, above $372.2 million in the year-earlier period, but below the FactSet consensus of $392.6 million. The company reported load factor of 81.1% compared to 81.2% in the year-earlier period. For 2015, David Cush, chief executive of Virgin America, said Virgin America had the highest net income in company history.
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 Virgin America fell 1% pre-market Thursday after the company missed fourth-quarter revenue expectations. Virgin America reported net income of $190.9 million, or $4.28 per share, up from $3.87 million, or 16 cents per share, in the year-earlier period. Excluding special items, Virgin American reported earnings per share of $1.20, in line with the FactSet consensus of $1.20. The company reported revenue of $391. 5 million, above $372.2 million in the year-earlier period, but below the FactSet consensus of $392.6 million. The company reported load factor of 81.1% compared to 81.2% in the year-earlier period. For 2015, David Cush, chief executive of Virgin America, said Virgin America had the highest net income in company history.
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
After Freddie Mac’s first net loss in four years last quarter, the government-sponsored enterprise was able to get back into the positive, announcing a fourth quarter net income of $2.2 billion. …read more
From:: Real Estate Wire
Shares of SodaStream International rose 1.8% in premarket trade Thursday, after the beverage company beat fourth-quarter earnings and revenue expectations. Net income for the quarter hit $2.83 million, or 13 cents per share, compared with a loss of $8.19 million, or 39 cents per share during the same period a year ago. Adjusted earnings per share for the fourth quarter were 24 cents, well above the FactSet consensus of 17 cents. SodaStream reported revenue fell to $112.9 million in the quarter, compared with $126.5 million last year. Revenue was better than expected, the FactSet consensus was $110 million. The company said the decrease in revenue from the previous year was mostly due to weakened foreign currencies, relative to the U.S. dollar. The company is also in transition from soda to a healthy water brand. Chief Executive Daniel Birnbaum said while they’ve begun to see benefits, there is still plenty of work to do to sustain profitable growth.
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
Iraq followed in Iran’s footsteps on Thursday and avoided committing to freezing oil production, but said talks between members of the Organization of the Petroleum Exporting Countries are still ongoing, The Wall Street Journal reported. Investors have been waiting to hear whether the two nations could agree to capping output at January levels after Qatar, Saudi Arabia, Russia and Venezuela earlier this week decided to freeze their oil output. However, the deal was contingent on whether Iran and Iraq would follow. Iran on Wednesday expressed support for a plan to freeze production, but stopped short of committing to it itself. Iraq’s oil minister Adel Abdul Mahdi said on Thursday his country is supportive of any deal to boost oil prices, but didn’t specify whether Iraq would curb its own output. “The deterioration of the oil prices has directly impacted the global economy and the historical responsibly of the producers requires great speed in finding positive solutions that will help prices return to the normal [levels],” Mahdi said in a statement, according to the Journal.
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