Post Tagged with: "NYSE"

eMediaWorld.com Reports J.C. Penny NYSE: JCP stock continues to plumet

August 20, 2013 6:01 AM0 comments
eMediaWorld.com Reports J.C. Penny NYSE: JCP stock continues to plumet

WALL STREET – J.C. Penney Co Inc’s sales continued to fall sharply last quarter as shoppers balked at the fancier items in its relaunched home-goods section, but there were signs the retailer was winning back customers this back-to-school season. The company on Tuesday said sales trend had improved every month […]

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eMediaWorld.com: Wall Street Stocks slide on a quiet day, end down for the week

August 10, 2013 1:16 PM0 comments
eMediaWorld.com: Wall Street Stocks slide on a quiet day, end down for the week

NEW YORK — Friday was the ho-hum capstone to a ho-hum week in the stock market as unimpressive earnings kept investors feeling wary and news about the U.S. economy left them uninspired. All three major indexes ended lower, and almost everything about the day screamed summer. Trading was light and […]

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eMediaWorld.com Taking BlackBerry private may make sense, but not a quick fix

10:10 AM0 comments
eMediaWorld.com Taking BlackBerry private may make sense, but not a quick fix

NEW YORK – A deal to take BlackBerry Ltd private could make sense from a financial standpoint, say private equity executives, though any such move won’t by itself make the smartphone company more competitive. The numbers for a leveraged buyout could still work, these executives said, after a Reuters report […]

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Google (GOOG.O) Apple (AAPL.O) JPMorgan Chase (JPM) Spur Dow, S&P 500

August 1, 2013 4:52 PM0 comments
Google (GOOG.O) Apple (AAPL.O) JPMorgan Chase (JPM) Spur Dow, S&P 500

NEW YORK – The Dow and S&P 500 hit record closing highs on Thursday, with the S&P 500 topping 1,700 after strong data on factory growth and as major central banks said they would keep monetary stimulus in place. Stocks were broadly higher, with all 10 S&P 500 sectors in […]

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Potash Corp. (NYSE: POT) stock down 25% after Russian firm reveals plan to sell to China at lower prices

July 30, 2013 3:39 PM0 comments
Potash Corp. (NYSE: POT) stock down 25% after Russian firm reveals plan to sell to China at lower prices

Shares of major North American potash producers fell sharply Tuesday on word that a Russian company is pulling out of a marketing group and is expected to undercut competitors’ prices for the fertilizer. OAO Uralkali announced Tuesday it was withdrawing from a joint venture with another company from Belarus that […]

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Schlumberger (NYSE:SLB) Shares Rally as 2Q Net Soars 49%

July 20, 2013 6:47 AM0 comments
Schlumberger (NYSE:SLB) Shares Rally as 2Q Net Soars 49%

Schlumberger (SLB), the world’s largest oil field services company, said Friday its second-quarter earnings soared 49% amid higher international activity that overshadowed weaker revenue in North America. Shares were up 4.1% at $81.70 in early morning trading. The company reported a profit of $2.1 billion, or $1.57 a share, up […]

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Workers Sue Target (NYSE:TGT) for Racially Offensive Document

July 10, 2013 1:05 PM0 comments
Workers Sue Target (NYSE:TGT) for Racially Offensive Document

Three former employees are suing Target (TGT) because of an allegedly racially offensive guide provided to managers. The memo on “multi-cultural tips” was meant to note differences among Hispanic employees, such as “not everyone dances to salsa” and “not everyone wears a sombrero.” The workers, who were employed at a […]

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NYSE operator takes over LIBOR bank rate

July 9, 2013 8:41 AM0 comments
NYSE operator takes over LIBOR bank rate

LONDON — The company behind the New York Stock Exchange will take over running and restoring confidence in the scandal-hit London interbank offered rate, or LIBOR, a UK committee has ruled. The independent panel, set up by the UK Treasury, on Tuesday chose NYSE Euronext to take over LIBOR from […]

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NYSE; Wall Street Kicks Off Week on Gloomy Note

June 24, 2013 2:17 PM0 comments
NYSE; Wall Street Kicks Off Week on Gloomy Note

Wall Street took heavy losses in choppy action as traders fretted about mounting financial instability in China and volatility in Treasury markets. Today’s Markets The Dow Jones Industrial Average slid 140 points, or 0.94%, to 14660, the S&P 500 dropped 19.3 points, or 1.2%, to 1573 and the Nasdaq Composite […]

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IBM’s (NYSE:IBM) Q3 disappoints, stock drops

October 17, 2011 6:46 PM18 comments
IBM’s (NYSE:IBM) Q3 disappoints, stock drops

SAN FRANCISCO – IBM’s quarterly results failed to impress investors used to a stellar showing from Big Blue, adding to concerns about lackluster corporate IT spending and dragging its stock down more than 3 percent. The company’s earnings beat forecasts and it increased its 2011 earnings-per-share outlook but it faced […]

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