stock market Archives - Page 1338 of 1547 - Real Estate is Ideal

Lowe’s earnings, same-store sales top expectations

Lowe’s Companies Inc. on Wednesday posted same-store sales and quarterly profit figures that were ahead of Wall Street’s targets. The home-improvement retailer said first-quarter earnings were $884 million, or 98 cents a share, compared with $673 million, or 70 cents a share, a year ago. Revenue was $15.23 billion, up from $14.13 billion in the same period last year. Analysts polled by FactSet had expected earnings of 85 cents a share on sales of $14.87 billion. U.S. same-store sales rose 7.5% during the quarter, above a 4.7% consensus forecast.

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

FedEx-TNT deal to settle May 25 as TNT shareholders approve takeover

FedEx Corp.’s planned $4.8 billion takeover of Dutch parcel company TNT Express NV will settle on May 25, ending a merger process that’s been more than a year under way. FedEx said in a statement on Wednesday that 88.4% of all TNT shareholders have accepted the terms of the deal that comes with an offer price of 8 euros per share. FedEx declared the offer for TNT Express “unconditional,” meaning it had received enough acceptances from TNT owners for the deal to settle. “We are pleased with the outcome of the public share offer,” said David Bronczek, president and CEO of FedEx Express. The tie-up has been under scrutiny from regulators, including a six-month antitrust investigation in the European Union.

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

Oil prices rise after API data show U.S. crude supply down 1.1 million barrels: sources

Oil futures rose in electronic trading Tuesday after the American Petroleum Institute reported that U.S. crude supplies fell by 1.1 million barrels for the week ended May 13, according to sources who reviewed the report. Analysts polled by S&P Global Platts forecast a decline of 3 million barrels for crude inventories. The closely watched Energy Information Administration report will be released Wednesday. June crude was at $48.47 a barrel in electronic trading, up from the contract’s settlement of $48.31 on the New York Mercantile Exchange.

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

JPMorgan Chase increases dividend to 48 cents from 44 cents

The board of directors of JPMorgan Chase & Co. increased the company’s dividend to 48 cents a share from 44 cents a share, it said in a statement Tuesday. The dividend is payable July 31 to shareholders of record July 6. Shares of JPMorgan Chase rose 0.2% late Tuesday after ending the regular trading session flat.

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

JPMorgan Chase increases dividend to 48 cents from 44 cents

The board of directors of JPMorgan Chase & Co. increased the company’s dividend to 48 cents a share from 44 cents a share, it said in a statement Tuesday. The dividend is payable July 31 to shareholders of record July 6. Shares of JPMorgan Chase rose 0.2% late Tuesday after ending the regular trading session flat.

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

JPMorgan Chase increases dividend to 48 cents from 44 cents

The board of directors of JPMorgan Chase & Co. increased the company’s dividend to 48 cents a share from 44 cents a share, it said in a statement Tuesday. The dividend is payable July 31 to shareholders of record July 6. Shares of JPMorgan Chase rose 0.2% late Tuesday after ending the regular trading session flat.

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

Oil futures mark highest finish since early October

Oil futures climbed Tuesday to mark their best settlement since early October. Traders bet that production disruptions in Canada and Nigeria will help ease a global glut of crude supplies. The market also expects upcoming weekly reports to reveal a decline in oil inventories. June WTI crude rose 59 cents, or 1.2%, to settle at $48.31 a barrel on the New York Mercantile Exchange.

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

Target recalls 2,600 Hanukkah menorahs for fire hazard

Target Corp. recalled about 2,600 Hanukkah menorahs sold from October 2015 through December 2015 for about $20, because of a fire hazard, according to the U.S. Consumer Products Safety Commission. The clear acrylic menorahs, in a pyramid design and 10.5 inches long, can melt when the candles are burning, posing a fire hazard, the CPSC said. Target has received eight reports of melting, including three reports of fire, but no property damage or injuries. Target shares shed 1.9% in afternoon trade, and have edged up 0.8% year to date. The S&P 500 has ticked up 0.2% so far 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

Gold settles at a more than one-week high

Gold futures settled higher on Tuesday, finding support from weakness in U.S. equities and the dollar. However, comments from Federal Reserve officials on the potential for future interest-rate hikes limited gains for the metal. June gold settled at $1,276.90 an ounce, up $2.70, or 0.2%. That was the highest settlement since May 6.

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 settles at a more than one-week high

Gold futures settled higher on Tuesday, finding support from weakness in U.S. equities and the dollar. However, comments from Federal Reserve officials on the potential for future interest-rate hikes limited gains for the metal. June gold settled at $1,276.90 an ounce, up $2.70, or 0.2%. That was the highest settlement since May 6.

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

Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

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