What’s new

Fiat Chrysler Automobiles N.V. said Thursday its Ferrari unit has filed for an initial public offering. The number of shares and the price range for the proposed offering have yet to be set, but the offering isn’t expected to exceed 10% of the outstanding common shares, said Fiat in a statement. Ferrari will seek to list its common shares on the New York Stock Exchange. UBS Investment Bank, BofA Merrill Lynch and Banco Santander are acting as joint bookrunners for the offering.

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

Media giant Comcast Corp. reported on Thursday second-quarter earnings that rose to $4.11 billion, or 84 cents a share, from $3.8 billion, or 76 cents a share, in the same period a year ago. That matched the FactSet consensus of 84 cents. Revenue grew 11% to $18.74 billion, beating the FactSet consensus of $18.14 billion, amid 6.3% growth in cable communications revenue and a 20% increase at its NBCUniversal unit. Cable networks revenue declined 1% to $2.5 billion, weighed down by a 26% decrease in content licensing and other revenue. Broadcast TV revenue declined 0.2%, while filmed entertainment sales nearly doubled and theme parks revenue rose 26%. “In Cable, high-speed Internet and business services continued to perform extremely well, and, significantly, this was the best second quarter video customer results we’ve had in nine years,” said Chief Executive Brian Roberts. “NBCUniversal had an exceptional quarter, led by the record-breaking box office performances of Jurassic World and Furious 7 and continued strong momentum in our theme parks.” The stock, which was indicated lower in light premarket trade, has climbed 8.9% over the past three months, while the S&P 500 has ticked 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

The European Commission’s antitrust body on Thursday filed charges against six major U.S. film studios and Sky UK , alleging they break EU law by restricting consumers’ access to pay-TV services. The U.S. companies slapped with the Statement of Objections are Disney , NBCUniversal, Paramount Pictures, Sony , Twentieth Century Fox and Warner Bros. . The Competition Commission alleges that the six U.S. studios and Sky that the studios and Sky put restrictions in place that prevent consumers in the whole of the EU from accessing pay-TV services available in the U.K. and Ireland. “European consumers want to watch the pay-TV channels of their choice regardless of where they live or travel in the EU. Our investigation shows that they cannot do this today,” Margrethe Vestager, the EU’s competition commissioner, in a statement.

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

This 5-bedroom brick house is a piece of American history worth saving …read more

From:: DIY this old house

For the cost of a few cases of exterior paint, plus some patching and sanding, you can have a whole new home …read more

From:: DIY this old house

There’s no secret to deck maintenance—repair the deck, clean it and protect it. But learning tricks the pros use can make the job go faster and the results last longer …read more

From:: DIY this old house

See how a former government building was converted into a private sanctuary …read more

From:: DIY this old house

Here are the latest trading levels for Asia’s major stock markets:

Tokyo (Nikkei Average ) up 0.4%
; Hong Kong (Hang Seng Index ) up 0.4%
; Shanghai (Shanghai Composite Index ) up 0.8%
; Sydney (S&P/ASX 200 ) down 0.1%
; Seoul (Kospi ) down 0.1%
; Taipei (Taiex ) down 0.8%

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

Cigna Corp. shares jumped in the extended session Wednesday on a report that Anthem Inc. is near a deal to buy the health insurer. Cigna shares surged 7.2% to $161.99 on moderate volume. Anthem shares declined 0.5% to $154.29. Late Wednesday, The Wall Street Journal reported that Anthem was close to a deal to acquire Cigna for about $187 a share.

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

Apple Inc. recorded its worst one-day percentage decline in a year-and-a-half on Wednesday, the day after the company reported third-quarter earnings. The stock closed down 4.2% to $125.22 – after dropping as much as 6.7% earlier in the session – for its worst one-day percentage decline since Jan. 28, 2014. The decline made Apple the worst performer on Wednesday in the Dow Jones Industrial Average, according to WSJ Markets Data Group. Apple’s fall shaved nearly 37 points off the DJIA, accounting for more than half of the day’s decline. The share-price decrease of $5.53 erased $31.9 billion in Apple’s market capitalization. Despite the recent declines, shares of Apple are only off about 5.9% from their record close on Feb. 23, 2015.

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