Tag: stock market

Starwood Hotels & Resorts Worldwide Inc. surged 2.4% in morning trade Monday, after the hotel operator said a new bid from an investor group led by China’s Anbang Insurance Group appears to be “superior” to the latest bid from Marriott International Inc. . Starwood said Anbang’s group, which includes J.C. Flowers & Co. and Primavera Capital Ltd., new bid received over the weekend was for $81 a share in cash, up from its previous bid of $78 a share. That new bid follows Marriott’s sweetened bid of 0.8 shares of Marriott’s stock and $21 in cash for each Starwood share, which as of Thursday’s closing prices valued Starwood shares at $75.91 each. Marriott’s stock climbed 2.6% in morning trade.

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

U.S. stocks opened higher on Monday after three straight sessions of declines as investors returned from Easter holiday. Mergers and acquisitions news involving Starwood Hotels & Resorts aided sentiment in early trade. The S&P 500 opened 5 points, or 0.3%, higher at 1,941. The Dow Jones Industrial Average added 40 points, or 0.2%, to 17,555. Meanwhile, the Nasdaq Composite began the day up 13 points, or 0.3%, at 4,786.

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

Revlon Inc. announced Fabian T. Garcia as its new chief executive officer and president Monday. Garcia was previously an executive with Colgate-Palmolive Company and at the Timberland Company. Garcia will start April 15, 2016 and will also serve as a member of Revlon’s board of directors. Shares of Revlon have gained 3% in the past month compared to the S&P 500’s gain of 4.5%.

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

Revlon Inc. announced Fabian T. Garcia as its new chief executive officer and president Monday. Garcia was previously an executive with Colgate-Palmolive Company and at the Timberland Company. Garcia will start April 15, 2016 and will also serve as a member of Revlon’s board of directors. Shares of Revlon have gained 3% in the past month compared to the S&P 500’s gain of 4.5%.

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

Pandora Media Inc.’s stock tumbled 8.9% in premarket trade Monday, after the Internet music service said its chief executive officer, Brian McAndrews, is leaving the company after 2 1/2-years in the position, effective immediately. The Internet music service named founder Tim Westergren as its new CEO. “We are pursuing a once-in-a-generation opportunity to create a massive, vibrant music marketplace,” Westergren said. “We have the audience, the technology infrastructure, the monetization engine and most importantly the right team with the passion and commitment to do it.” The company announced a new management structure, that includes Chief Financial Officer Mike Herring focusing on monetizing the company’s core business. Pandora said it expects revenue to come in at the high end of expectations. The stock has plunged 18% year to date through Thursday, while the S&P 500 has slipped 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

Pandora Media Inc.’s stock tumbled 8.9% in premarket trade Monday, after the Internet music service said its chief executive officer, Brian McAndrews, is leaving the company after 2 1/2-years in the position, effective immediately. The Internet music service named founder Tim Westergren as its new CEO. “We are pursuing a once-in-a-generation opportunity to create a massive, vibrant music marketplace,” Westergren said. “We have the audience, the technology infrastructure, the monetization engine and most importantly the right team with the passion and commitment to do it.” The company announced a new management structure, that includes Chief Financial Officer Mike Herring focusing on monetizing the company’s core business. Pandora said it expects revenue to come in at the high end of expectations. The stock has plunged 18% year to date through Thursday, while the S&P 500 has slipped 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

Apple Inc. could boost its stock buyback program by $40 billion to $50 billion, and “comfortably” raise its dividend by 10% to 15%, when it announces its shareholder-return plans next month, analyst Amit Daryanani wrote in a note to clients Monday. The company could “implicitly commit” to returning all of its annual free cash flow to investors, given that it has $200 billion in cash, Daryanani said. Apple is expected to update its capital allocation program when it reports fiscal second-quarter results on April 19. He reiterated his outperform rating on Apple’s stock, and his $130 price target, which is 23% above Thursday’s closing price of $105.67. The stock, which tacked on 0.3% in premarket trade, has gained 0.4% year to date, compared with a 0.5% gain in the Dow Jones Industrial Average.

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. could boost its stock buyback program by $40 billion to $50 billion, and “comfortably” raise its dividend by 10% to 15%, when it announces its shareholder-return plans next month, analyst Amit Daryanani wrote in a note to clients Monday. The company could “implicitly commit” to returning all of its annual free cash flow to investors, given that it has $200 billion in cash, Daryanani said. Apple is expected to update its capital allocation program when it reports fiscal second-quarter results on April 19. He reiterated his outperform rating on Apple’s stock, and his $130 price target, which is 23% above Thursday’s closing price of $105.67. The stock, which tacked on 0.3% in premarket trade, has gained 0.4% year to date, compared with a 0.5% gain in the Dow Jones Industrial Average.

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. could boost its stock buyback program by $40 billion to $50 billion, and “comfortably” raise its dividend by 10% to 15%, when it announces its shareholder-return plans next month, analyst Amit Daryanani wrote in a note to clients Monday. The company could “implicitly commit” to returning all of its annual free cash flow to investors, given that it has $200 billion in cash, Daryanani said. Apple is expected to update its capital allocation program when it reports fiscal second-quarter results on April 19. He reiterated his outperform rating on Apple’s stock, and his $130 price target, which is 23% above Thursday’s closing price of $105.67. The stock, which tacked on 0.3% in premarket trade, has gained 0.4% year to date, compared with a 0.5% gain in the Dow Jones Industrial Average.

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. could boost its stock buyback program by $40 billion to $50 billion, and “comfortably” raise its dividend by 10% to 15%, when it announces its shareholder-return plans next month, analyst Amit Daryanani wrote in a note to clients Monday. The company could “implicitly commit” to returning all of its annual free cash flow to investors, given that it has $200 billion in cash, Daryanani said. Apple is expected to update its capital allocation program when it reports fiscal second-quarter results on April 19. He reiterated his outperform rating on Apple’s stock, and his $130 price target, which is 23% above Thursday’s closing price of $105.67. The stock, which tacked on 0.3% in premarket trade, has gained 0.4% year to date, compared with a 0.5% gain in the Dow Jones Industrial Average.

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