Sears Holdings said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.» Read More
NEW YORK-- Shares of Boston Scientific rose Friday after a Cowen and Co. analyst upgraded the stock, saying the medical device maker could beat Wall Street expectations over the next few years.
The company, which operates Gap, Old Navy and Banana Republic stores, reported revenue from stores open at least a year increased 2 percent in November, more than twice the pace expected on Wall Street. Konik lowered his rating on the company's stock to "Hold" from "Buy" and dropped his price target from $51 to $40.
NEW YORK-- Shares of some top chemicals companies are up at 10 a.m.:. Dow Chemical Co. rose$. 59 or 1.5 percent, to $39.20. DuPont Co. rose$. 77 or 1.3 percent, to $60.88.
NEW YORK-- Shares of some top drug benefits companies are up at 10 a.m.:. CVSCaremark rose$. 69 or 1.0 percent, to $66.56. Express Scripts Holding Co. rose$. 69 or 1.0 percent, to $67.46.
NEW YORK-- Shares of some top telecom companies are up at 10 a.m.:. AT&T Inc. rose$. 14 or. 4 percent, to $34.40. Verizon Communications Inc. rose$. 18 or. 4 percent, to $49.09.
NEWS: Sears Hometown and Outlet Stores Inc. said Friday that its third-quarter net income fell 12 percent, as the company continued to shape itself following its spinoff from Sears Holding Corp.. DETAILS: Hoffman Estates, Ill.- based Sears Hometown and Outlet shares began trading publicly last October.
Shares of Ulta Salon, Cosmetics& Fragrances Inc. plunged in premarket trading Friday a day after the beauty products retailer reported a fiscal fourth quarter forecast that fell well below analysts' expectations.
NEW YORK-- Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 28 or. 7 percent, to $38.61. DuPont Co. fell$. 15 or. 2 percent, to $60.11.
NEW YORK-- Shares of some top drug benefits companies were down at the close of trading:. CVSCaremark fell$. 25 or. 4 percent, to $65.87. Express Scripts Holding Co. fell$. 41 or. 6 percent, to $66.77.
NEW YORK-- Shares of some top telecom companies were down at the close of trading:. AT&T Inc. fell$. 35 or 1.0 percent, to $34.25. Verizon Communications Inc. fell$. 46 or. 9 percent, to $48.91.
NEWS: Methode Electronics Inc. said Thursday that its fiscal second-quarter net income fell 15 percent due to a one-time legal settlement it booked in the prior-year quarter. Methode Electronics said that it saw sales in its automotive, interconnect and power products segments rise.
CHICAGO-- United Airlines said on Thursday that longtime executive Pete McDonald will retire after 45 years at the company. United said he will be replaced by Greg Hart, who has been running United's airplane maintenance. Shares of Chicago- based United Continental Holdings Inc. fell 78 cents, or 2.1 percent, to close at $36.79 on Thursday.
NEW YORK-- Shares of Celgene traded higher Thursday after a UBS analyst upgraded the biotechnology company, forecasting strong net income growth. He said Celgene's earnings and margins compare favorably to other health care companies.
Shares of Electronic Arts Inc. fell Thursday as the video game maker deals with technical glitches related to its "Battlefield 4" game. THE SPARK: Electronic Arts said that Dice, the studio it owns and which developed "Battlefield 4," will stop working on future titles and focus on fixing issues with the game.
NEW YORK-- Shares of some top telecom companies are down at 1 p.m.:. AT&T Inc. fell$. 14 or. 4 percent, to $34.46. Verizon Communications Inc. fell$. 39 or. 8 percent, to $48.98.
Research in Motion Ltd. fell 4.2 percent to $5.88 with 12,299,100 shares traded. Cisco Systems Inc. fell. 7 percent to $21.10 with 25,265,700 shares traded. DryShips Inc. rose 5.3 percent to $3.58 with 15,238,500 shares traded.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AT&T Inc. fell. 4 percent to $34.46 with 12,930,700 shares traded. Bank of America Corp. fell 1.3 percent to $15.42 with 48,632,600 shares traded.
NEW YORK-- Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. fell$. 15 or. 4 percent, to $38.74. DuPont Co. rose$. 08 or. 1 percent, to $60.34.
NEW YORK-- Shares of some top drug benefits companies are down at 1 p.m.:. CVSCaremark fell$. 06 or. 1 percent, to $66.06. Express Scripts Holding Co. fell$. 62 or. 9 percent, to $66.56.
NEW YORK-- Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 20 or 1.2 percent, to $15.48. Newmont Mining Corp. fell$. 60 or 2.5 percent, to $23.28.