Tag: stock market

Aeropostale Inc. said Friday that the New York Stock Exchange has suspended trading of its stock with immediate effect, due to an “abnormally low” trading price. The retailer said it will not appeal the delisting. Its shares will instead be traded on the OTCQX Best Market, an over-the-counter market operated by OTC Markets Group Inc. The new ticker is “AROP”.

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

Daimler AG said late Thursday it’s launching an internal probe at the request of the U.S. Justice Department into how it certifies emissions standards in its cars. The German carmaker said it is cooperating with authorities, which requested the probe on April 15. “Daimler will consequently investigate possible indications of irregularities and of course take all necessary actions,” the company said in a statement. The probe comes on the heels of Volkswagen’s diesel emissions scandal that broke in September.

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

Charles Schwab Corp. said late Thursday its board hiked the company’s quarterly dividend by 17%. The new 7-cents-a-share dividend is payable May 27 to shareholders of record as of May 13. Schwab shares were unchanged at $29.13 after hours.

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

Sears Holdings Corp. shares rose in the extended session Thursday after the retailer said it would close dozens of unprofitable stores this summer. Sears shares advanced 5.5% to $19 after hours. The company said it will close 68 Kmart stores and 10 Sears stores, with nearly all the closings occuring in late July, with two of the Kmarts closing in mid-September. “The decision to close stores is a difficult but necessary step as we take aggressive actions to strengthen our company, fund our transformation and restore Sears Holdings to profitability,” said Edward Lampert, Sears chairman and chief executive, 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

Advanced Micro Devices Inc. shares rallied in the extended session Thursday after the chip maker’s quarterly results and outlook topped Wall Street estimates. AMD shares jumped 20% to $3.13 after hours on heavy volume. The company reported an adjusted loss of 12 cents a share on revenue of $832 million for the first quarter. Analysts surveyed by FactSet had forecast a loss of 13 cents a share on revenue of $818.4 million. For the second quarter, AMD said it expects revenue to rise sequentially by 12% to 18%, which would be $931.8 million to $981.8 million. Analysts had estimated $889.7 million.

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

Concordia Healthcare Corp. said Thursday it is forming a special committee to review its strategic options comprised of independent members of the board. “The Company has had discussions, however, there can be no assurance that any transaction will occur,” it said in a statement. Shares were halted in after-hours trade for the dissemination of the news, but are down 25% in the year so far, while the S&P 500 has gained about 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.

…read more

From:: Stock Market News

Visa Inc. on Thursday reported net income of $1.7 billion, or 71 cents a share, in the fiscal second quarter, compared with 63 cents a share in the year-ago period. Adjusting for one-time items, Visa reported net income of $1.6 billion, or 68 cents a share, in the quarter. Sales hit $3.6 billion in the quarter, from $3.1 billion a year ago. The company cited “continued headwinds” of the strong U.S. dollar, lower oil prices, and an “uneven” global economy for driving continued weak cross-border spending, but said U.S. spending continued “at reasonably strong levels.” Analysts polled by FactSet had expected the company to report earnings of 67 cents a share on sales of $3.6 billion. Shares of Visa fell 6% in late trading after ending the regular session down 0.4%.

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

Visa Inc. on Thursday reported net income of $1.7 billion, or 71 cents a share, in the fiscal second quarter, compared with 63 cents a share in the year-ago period. Adjusting for one-time items, Visa reported net income of $1.6 billion, or 68 cents a share, in the quarter. Sales hit $3.6 billion in the quarter, from $3.1 billion a year ago. The company cited “continued headwinds” of the strong U.S. dollar, lower oil prices, and an “uneven” global economy for driving continued weak cross-border spending, but said U.S. spending continued “at reasonably strong levels.” Analysts polled by FactSet had expected the company to report earnings of 67 cents a share on sales of $3.6 billion. Shares of Visa fell 6% in late trading after ending the regular session down 0.4%.

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

Oil futures settled lower Thursday as traders took time out to weigh the bigger influences in the market. China’s monthly crude imports jumped in March and weekly U.S. crude output fell a sixth straight week, but producers failed to reach a deal to cap output and U.S. stockpiles rose last week. June WTI crude fell $1, or 2.3%, to settle at $43.18 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.

…read more

From:: Stock Market News

Viacom Inc. and Dish Network said on Thursday they’ve agreed to terms for a multi-year contract renewal that will see Dish continue to provide Viacom’s slate of cable channels. Details of the deal were not disclosed. The deal comes after initial talks broke down earlier in the week, sending Viacom’s stock down. Viacom has been under pressure, as questions have been raised regarding the company’s management and its networks — generally targeted to younger audiences — have taken a hit from viewers opting out of traditional pay-TV packages. Viacom hopes the renewal, along with other affiliate agreements announced over the past year, will help the company drive growth, Chief Executive Philippe Dauman said in a statement. Shares of Viacom were up 7.7% and Dish shares were up about half of a percent intraday.

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