Conglomerates are coming to the conclusion that they should stick to businesses in which they have a competitive advantage, Harry Wilson tells CNBC.» Read More
NEW YORK— Shares of some top telecom companies were down at the close of trading:. AT&T Inc. fell$. 14 or. 4 percent, to $32.75. Verizon Communications Inc. fell$. 12 or. 2 percent, to $49.27.
NEW YORK— Shares of some top chemicals companies were mixed at the close of trading:. Dow Chemical Co. fell$. 36 or. 7 percent, to $49.75. DuPont Co. rose$. 15 or. 2 percent, to $72.25.
April 16- Mattel Inc reported higher-than-expected quarterly net sales as the toymaker's new chief executive focuses on turning around its business in the face of flagging sales of Barbie dolls. Mattel's shares rose 7.6 percent to $27.20 in aftermarket trading on Thursday. Net loss attributable to Mattel widened to $58.2 million, or 17 cents per share, in the...
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Philip Morris International Inc., up $6.83 to $84.96. Unilever PLC, up $1.66 to $45.06.
GREEN BAY, Wis. _ Associated Banc-Corp on Thursday reported first-quarter net income of $46.7 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Associated Banc-Corp shares have climbed nearly 2 percent since the beginning of the year.
Advanced Micro Devices Inc. rose 6.3 percent to $2.87 with 26,711,700 shares traded. Apple Inc. fell. 5 percent to $126.17 with 27,452,800 shares traded. Applied Materials Inc. fell 3.0 percent to $21.88 with 32,735,800 shares traded.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. rose. 8 percent to $13.45 with 42,616,900 shares traded. Bank of America Corp. rose 1.0 percent to $15.79 with 103,309,100 shares traded.
NEW YORK— Shares of some top telecom companies are down at 1 p.m.:. AT&T Inc. fell$. 05 or. 1 percent, to $32.85. Verizon Communications Inc. fell$. 01 or percent, to $49.38.
NEW YORK— Shares of some top drug benefits companies are down at 1 p.m.:. CVS Health Corp. fell$. 59 or. 6 percent, to $101.14. Express Scripts Holding Co. fell$. 72 or. 8 percent, to $86.34.
NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Fluor fell $1.05 or 1.7 percent, to $60.15. Quanta Services Inc. fell$. 41 or 1.4 percent, to $29.54.
NEW YORK— Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. fell$. 61 or 1.2 percent, to $49.50. DuPont Co. rose$. 28 or. 4 percent, to $72.38.
NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell $1.66 or 1.1 percent, to $147.41. Wal-Mart Stores Inc. fell$. 11 or. 1 percent, to $79.63.
April 16- Shares of electronic trading firm Virtu Financial Inc rose as much as 24.6 percent in their debut in a sign that public angst over "high-frequency" trading is waning. Its competitors include large broker-dealers such as Bank of America Merrill Lynch and Citigroup Inc, as well as niche players such as Citadel, KCG Holdings, Timber Hill and Wolverine...
NEW YORK— Shares of high-speed trading company Virtu Financial Inc. have risen 17 percent in their stock market debut Thursday. High-speed trading has been under scrutiny by the Securities and Exchange Commission, the Commodity Futures Trading Commission and other agencies. They rose $3.33 to $22.33 in midday trading Thursday and crossed $23 in earlier...
April 16- Shares of electronic trading firm Virtu Financial Inc rose as much as 24.6 percent in their debut in a sign that public angst over "high-frequency" trading is waning. Founder Vincent Viola, a former chairman of the New York Mercantile Exchange, will control Virtu though his ownership of Class D shares, which have more voting power than ordinary shares.
April 16- Shares of electronic trading firm Virtu Financial Inc rose as much as 24.6 percent in their debut, valuing the company at about $3.23 billion. Virtu's shares opened at $23 and touched a high of $23.67 on Thursday on the Nasdaq. Goldman Sachs Group Inc, JPMorgan Chase& Co and Sandler O'Neill+ Partners LP were among the underwriters for the IPO.
LONDON, April 16- European equities were led lower on Wednesday by French retailer Casino, which reported slower sales growth, and Pearson, which fell following troubles with one of its educational technology projects. Casino fell 4.4 percent after Societe Generale and Natixis cut their target prices for the stock a day after it reported slower sales growth.
Shares of arts and crafts retailer Etsy surged in opening trading on the Nasdaq Thursday. After pricing at $16 late Wednesday the stock opened at nearly double that level, and hit a high of $35.73 in morning trading. Founded in 2005, Brooklyn- based Etsy sells anything from a $110,000 antique desk from the 1800 s to a $20 handmade antler pendant and everything in...
*Netflix rallies after results, SanDisk lower. April 16- U.S. stocks edged lower on Thursday as corporate results showed little organic growth even as they largely beat profit expectations. While Netflix surged following blockbuster results, curbing the decline on the S&P 500 and Nasdaq, shares of SanDisk slumped following a weak revenue outlook that added to...
Party City raised about $372 million in its initial public offering, selling 21.9 million shares at $17 per share. The stock is listed on the New York Stock Exchange under the symbol "PRTY." Shares of Party City Holdco Inc. rose $3.60, or 21.2 percent, to $20.60 in morning trading Thursday.