Boards have long shunned speaking with investors. Now, they are being pressed to open up. The NYT reports.» Read More
NEW YORK— Only Wall Street could make the buying and selling of more than 3 billion shares look like nothing happened. "It's a stock-specific market right now," said Ryan Larson, head of equity trading at RBC Global Asset Management. Facebook's stock rose 5 percent while Caterpillar's fell 3 percent after the companies each reported quarterly results.
July 24- Shares of Facebook Inc were set to open at a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue. At least 18 brokerages raised their price targets on the stock, by as much as $15 to a high of $100.
HOUSTON— Breitburn Energy is buying QR Energy LP in a deal worth about $1.46 billion. QR unitholders will receive approximately 72 million common units of Breitburn Energy Partners LP, or 0.9856 of a Breitburn unit, for each unit of QR Energy that they own. Shares of Houston's QR Energy rose more than 8 percent before the opening bell Thursday.
World shares subdued amid Russia sanctions report Nokia profits rise after sale of handset division Swiss drug maker Roche posts 7 percent profit drop European carriers suspend more Tel Aviv flights Boss of company in China meat scandal apologizes Obama wants limits on US company mergers abroad Facebook 2 Q earnings, revenue soar European Central Bank hit by data theft South Korea unveils stimulus after ferry sinking Spain's Repsol sees profits jump on YPF bond gains
HELSINKI— There is life after mobile phones for Nokia. Nokia Corp.' s stock closed up 7.3 percent at 6.14 euros on the Helsinki Stock Exchange. Suri gave an upbeat outlook for the core networks unit which now accounts for around 90 percent of Nokia's revenue.
*Coal firms rise again after govt said studying policies to promote projects. HONG KONG, July 24- China shares jumped on Thursday, outshining Asian peers and pulling up Hong Kong, as more investors plowed money in on hopes for a coming change expected to make it much easier for foreigners to buy Shanghai stocks.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Delta Air Lines Inc., up $1.47 to $39.15. GlaxoSmithKline Plc., down $3.18 to $50.04.
July 23- Tupperware Brands Corp, known for its colorful food containers, cut its full-year sales and profit forecast, citing lower sales in Europe. The company, whose shares fell as much as 11 percent, also reported lower-than-expected sales for the second quarter ended June 28 due to poor demand in Germany.
July 23- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a better-than-expected quarterly profit, as lower operating costs boosted margins. General Dynamics' shares rose 2.9 percent before the bell. General Dynamics said its total potential contract value, the sum of all backlog components, rose 29 percent to $99.5 billion.
NEW YORK— Tiffany& Co. CEO Michael J. Kowalski will retire from the luxury jeweler next year. The 62- year-old Kowalski has served as CEO of the New York company since 1999 and became chairman in 2003.. Shares of Tiffany fell 18 cents to $99.50 in morning trading.
SEATTLE, July 22- Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade.
July 22- Puma Biotechnology Inc said its experimental breast cancer drug met its main goal in a late-stage trial. Shares of the company, which doesn't have any drug in the market, tripled to $176.94 in extended trading.
NEW YORK— Shares of some top drug benefits companies are up at 10 a.m.:. CVSCaremark rose$. 45 or. 6 percent, to $76.56. Express Scripts Holding Co. rose$. 05 or. 1 percent, to $65.65.
NEW YORK— Shares of some top chemicals companies were mixed at the close of trading:. Dow Chemical Co. rose$. 44 or. 8 percent, to $52.30. DuPont Co. fell$. 59 or. 9 percent, to $64.95.
NEW YORK— Shares of some top drug benefits companies were up at the close of trading:. CVSCaremark rose$. 83 or 1.1 percent, to $77.87. Express Scripts Holding Co. rose$. 90 or 1.4 percent, to $66.64.
NEW YORK— Shares of some top telecom companies were mixed at the close of trading:. AT&T Inc. fell$. 02 or. 1 percent, to $35.94. Verizon Communications Inc. rose$. 28 or. 6 percent, to $50.98.
July 22- Puma Biotechnology Inc said its experimental cancer drug met its main goal in a late-stage trial, sending its shares up about 186 percent in extended trading. The drug neratinib, codenamed PB272, is being studied as a potential adjuvant treatment for breast cancer. Shares of the company were had closed at $59.03 on the New York Stock Exchange on Tuesday.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Chipotle Mexican Grill Inc., up $69.84 to $659.77. The commercial financing company is buying OneWest Bank in a $3.4 billion cash-and-stock deal, adding retail branches in California.
NEW YORK— Shares of some top construction companies are up at 1 p.m.:. Foster Wheeler rose$. 29 or. 9 percent, to $34.18. Quanta Services Inc. rose$. 40 or 1.1 percent, to $35.58.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 23 or 1.2 percent, to $18.87. Newmont Mining Corp. rose$. 04 or. 2 percent, to $25.40.