Foreclosures | Mortgages | Financing
The Madison Square Garden Co. said Tuesday it is transferring the listing of its common stock to the New York Stock Exchange from the Nasdaq effective July 27. The stock will continue to trade under its current symbol “MSG.” Shares have gained 11% in the year so far, while the S&P 500 has gained 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
AMC Entertainment Inc. announced Tuesdayit has agreed to purchase privately-held Starplex Cinemas for about $172 million cash. The deal, once completed, will see AMC operate 380 additional theaters with 5,300 screens, AMC said in a statement. AMC will finance the deal with cash on its balance sheet. There will be no dilution of AMC stock. And AMC’s per-share earnings, EBITDA and cash flow accretion is expected to see a one-time transaction-related charge in 2016. AMC Chief Executive Gerry Lopez said the deal will bring the company 90 additional recliner seat screens. Box office receipts rose 11.3% in the second quarter from the year earlier period. Shares of AMC are up 22% in the year-to-date, while the S&P 500 has gained 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
Coca-Cola Co. was upgraded to buy from neutral at UBS on the premise the stock will “break out” over the next 12 months. Analyst Stephen Powers also raised his 12-month price target on the stock to $48 from $44 and raised his earnings per share outlook modestly on rising expectations around prices and productivity. Shares of Coca-Cola traded up 0.5% to $40.84 in premarket trade. They are down 3.7% year-to-date, underperforming the broader S&P 500, up 2%. In a note to clients Tuesday morning, Powers said he is “fairly bullish” on Coca-Cola’s long-term international trends and its overall beverage portfolio strategy despite near-term macro headwinds and continued health and wellness pressures.
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
Last week, we unveiled the winners of HGTV’s Ultimate House Hunt 2015. In case you missed it, this was a competition highlighting some of the most amazing homes in the world — we’re talking houses on private islands, century-old castles and smartly designed tiny homes. In the Amazing Kitchens category, this sophisticated space in Dana Point, Calif. earned the most votes for its creamy cabinets, timeless marble details and waterfront location. While a kitchen like this may be out of the budget for most of us (and those ocean views certainly come at a premium), we can still steal style inspiration from it. If this kitchen got your vote, try these tips for achieving the look in your own home.
1. The Home Depot / 2. The Home Depot / 3. Williams-Sonoma
4. Pottery Barn / 5. Wayfair / 6. Easy Window Film
1. White Semi-Custom Cabinets. White kitchens are all the rage right now, and white or cream-colored cabinetry can instantly brighten up a dreary cooking space. While this kitchen’s cabinetry is likely custom, home improvement stores offer semi-custom cabinetry in a wide variety of styles and colors at a much lower cost. For an even more wallet-friendly update, try painting your existing cabinets and embellishing them with decorative molding. Learn how to paint kitchen cabinets like a pro >>
2. Herringbone Marble Mosaic Tile. One word on what makes this kitchen so stunning: marble. From the countertops to the backsplash, the space is enveloped in this elegant stone. Marble is pricey, but even a small amount used strategically can make a big statement. Try a herringbone-patterned marble mosaic tile backsplash in a high-impact spot, like above the stove. Learn how to install a marble tile backsplash >>
3. Marble-Topped Kitchen Island. It’s a fairly large investment, but if you have the square footage for an island in your kitchen you can add serious style and functionality. Topped with richly veined Carrara marble, this island features seating space on one side and myriad storage options on the other. Don’t have enough room for an island? Add extra storage and prep space with a kitchen cart on casters that can be rolled aside when not in use. Look for a cart in a style similar to your cabinetry for a cohesive look. <a target="_self" …read more
From:: HGTV
Amazon.com Inc.’s stock was upgraded to buy from neutral at UBS on Tuesday on optimism regarding the growth of its fulfillment and Prime businesses. Analyst Eric Sheridan also raised his price 12-month target by $100 to $550, making him one of the more bullish analysts on Amazon. The average target on the stock among more than 30 analysts polled by FactSet is $470.20. In addition, UBS raised its fiscal-year 2015 and 2016 revenue and margin estimates on the e-commerce giant, saying the fast-growing and higher-spending Prime subscriber base is increasing the importance of selling Prime eligible items, which could lead to greater site conversion, increased annual spend per customer and, ultimately, higher levels of gross merchandise value for Amazon. Its shares climbed 1.4% to $461.85 in premarket trade. The stock has soared 47% year-to-date to a record close on Monday, while the S&P 500 has edged up 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
The dollar sank against nearly all of its rivals after official data showed U.S. retail sales fell 0.3% in June, their first decline in four months. Economists polled by MarketWatch had expected a 0.2% rise in sales. Sales for May and April were also revised lower. The dollar traded at 123.04 yen from 123.30 ahead of the data. The euro [s:eurusd] rose to $1.1067 from $1.1040 ahead of the data. The British pound traded at $1.5612, from $1.5580 ahead of the data.
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 trading halt in Books-A-Million Inc. , following a buyout deal late Monday, has been lifted for nearly 90 minutes, but there has still been no premarket activity in the bookseller’s stock. The company announced after Monday’s close a deal to be acquired by an entity owned by the Anderson Family, including Executive Chairman Clyde B. Anderson, for $21 million, or $3.25 a share in cash. The per-share bid is 23% above Monday’s closing price, but the only premarket interest in the stock is a relatively small bid to buy at $2.65, which is just a penny above Monday’s close. The stock was halted from 7:24 p.m. Eastern to 7:10 a.m.
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
Chip maker KLA-Tencor Corp. said Tuesday it is raising its quarterly dividend to 52 cents a share from 50 cents. The new dividend will be payable in August, the company said in a statement. Shares were not yet active in premarket trade, but are down 20% in the year so far, while the S&P 500 has gained 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
Sealed Air Corp. said Tuesday its board has approved a share buyback of up to $1.5 billion. The program has no expiration date and replaces a program that has been terminated. Shares of the packaging company were not yet active in premarket trade, but have gained 24.4% in the year so far, while the S&P 500 has gained 2$.
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
WASHINGTON (MarketWatch) — President Barack Obama hailed a deal reached with Iran that aims to prevent the country from producing nuclear weapons. Obama said the deal, reached early Tuesday morning, cuts off every pathway for the country to obtain a nuclear weapon. He said Iran would get sanctions relief as part of the deal but that those sanctions would return if Iran violates its terms. Congress will now review the deal. Obama said he would veto any legislation that would scuttle the agreement.
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