Luxury goods group Richemont has said it is in talks over a potential "business combination" between its online retailer Net-a-Porter and Yoox.» Read More
NEW YORK— Shares of energy companies rose Wednesday as negotiations with Iran over the country's nuclear program continued past their deadline. Three of the six foreign ministers involved left the negotiations, but Iran's foreign minister said most of the issues have been solved. The international community wants to limit Iran's ability to create a nuclear...
NEW YORK— Shares of some top drug benefits companies are down at 1 p.m.:. CVS Health Corp. fell $1.42 or 1.4 percent, to $101.79. Express Scripts Holding Co. fell $2.52 or 2.9 percent, to $84.25.
NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 86 or 7.8 percent, to $11.82. Newmont Mining Corp. rose$. 81 or 3.7 percent, to $22.52.
NEW YORK— Shares of some top chemicals companies are down at 1 p.m.:. Dow Chemical Co. fell$. 19 or. 4 percent, to $47.79. DuPont Co. fell$. 35 or. 5 percent, to $71.12.
NEW YORK— Shares of some top big-box retail companies are down at 1 p.m.:. Costco Wholesale Corp. fell $1.38 or. 9 percent, to $150.12. Wal-Mart Stores Inc. fell $1.58 or 1.9 percent, to $80.67.
Apple Inc. fell. 5 percent to $123.82 with 24,384,800 shares traded. Applied Materials Inc. fell 1.1 percent to $22.32 with 9,494,700 shares traded. Cisco Systems Inc. fell. 7 percent to $27.33 with 12,216,800 shares traded.
NEW YORK— Shares of some top telecom companies are up at 1 p.m.:. AT&T Inc. rose$. 18 or. 6 percent, to $32.83. Verizon Communications Inc. rose$. 46 or. 9 percent, to $49.09.
April 1- Wal-Mart Stores Inc is looking at how it sources its products in an effort to reduce prices, especially as commodity prices fall globally, the head of the its U.S. division said on Wednesday. Last month Wal-Mart announced that it was investing $1 billion to raise the wages of half a million store employees. Shares of Wal-Mart were down 1.8 percent at $80.78.
SAO PAULO/ RIO DE JANEIRO, April 1- Brazilian telecom group Oi SA is eliminating 1,070 jobs this month in a cost-cutting program that will define how much it can invest this year, the company told Reuters exclusively as pink slips began to go out on Wednesday. Chief Executive Bayard Gontijo, who set the cost-cutting agenda in motion when he took over in October, said...
NEW YORK— Shares of some top drug benefits companies are down at 10 a.m.:. CVS Health Corp. fell $1.41 or 1.4 percent, to $101.80. Express Scripts Holding Co. fell $1.45 or 1.7 percent, to $85.32.
NEW YORK— Shares of some top chemicals companies are down at 10 a.m.:. Dow Chemical Co. fell$. 54 or 1.1 percent, to $47.44. DuPont Co. fell$. 55 or. 8 percent, to $70.92.
NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Fluor fell$. 51 or. 9 percent, to $56.65. Quanta Services Inc. fell$. 17 or. 6 percent, to $28.36.
NEW YORK— Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell $1.18 or. 8 percent, to $150.32. Wal-Mart Stores Inc. fell $1.13 or 1.4 percent, to $81.12.
NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 35 or 3.2 percent, to $11.31. Newmont Mining Corp. rose$. 34 or 1.6 percent, to $22.05.
NEW YORK— Shares of some top telecom companies are down at 10 a.m.:. AT&T Inc. fell$. 05 or. 2 percent, to $32.60. Verizon Communications Inc. fell$. 13 or. 3 percent, to $48.50.
The stock rose $6.15, or 31 percent, to $26.06 in morning trading, well above the IPO price of $20 per share. Overall, the Scottsdale, Arizona, company is offering 23 million shares and hopes to raise up to $460 million in the offering. The lead underwriters are Morgan Stanley& Co., J.P. Morgan Securities LLC and Citigroup Global Markets Inc..
Lampert controls nearly half of Sears and No. 2 shareholder Fairholme Capital Management holds about 24 percent of the company. Sears shares rose 9.4 percent to $45.21 in early trading on Wednesday. The REIT, Seritage Growth Properties, will buy and lease back about 254 Sears and Kmart stores, Sears said on Wednesday.
April 1- Simon Property Group Inc scrapped its attempt to buy Macerich Co, ending what could have been the largest deal between U.S. shopping mall operators after Macerich rejected its sweetened offer of $23.2 billion including debt. Shares of Macerich, which said the raised offer still undervalued the company, fell 5 percent to $80 in premarket trading on...
TOKYO, April 1- Tokyo shares fell on Wednesday as investors sold recent gainers to lock in profit on the first day of the Japanese financial year and after a disappointing tankan business sentiment survey from the Bank of Japan. Both the Nikkei share average and the Topix fell below their 25- day moving average, a key short-term support level, clouding the outlook...
*Yen firmer as weak Tokyo shares weigh on risk sentiment. SINGAPORE/ TOKYO, April 1- The dollar slipped versus the yen at the start of a new quarter on Wednesday, as a soft reading on Japanese business sentiment dented Tokyo shares and helped bolster the safe haven yen. "Dollar/yen has led this move today and I think it's basically trading off the back end of the Nikkei,"...