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 some top telecom companies were down at the close of trading:. AT&T Inc. fell$. 14 or. 4 percent, to $34.60. Verizon Communications Inc. fell$. 23 or. 5 percent, to $49.37.
NEW YORK-- Shares of some top chemicals companies were mixed at the close of trading:. Dow Chemical Co. rose$. 17 or. 4 percent, to $38.89. DuPont Co. fell$. 24 or. 4 percent, to $60.26.
NEWS: Mattress Firm Holding Corp. shares soared in extended trading Wednesday after the company reported better-than-expected revenue for its third quarter and raised its full-year revenue forecast.
NEW YORK-- Standard& Poor's Ratings Services on Wednesday raised its corporate credit rating on casino operator Las Vegas Sands Corp. based on plans to refinance some of its debt. It also raised its rating on Las Vegas Sands' Macau senior secured credit facilities to "BBB-" from "BB+", in line with the upgrade of the corporate credit rating.
NEW YORK-- Shares of Intuitive Surgical fell Wednesday on a warning about a stalling problem that has affected a few of its robotic surgical systems. While the company disclosed the problem on Nov. 19, it was posted to the website of the Food and Drug Administration on Tuesday.
Sonic Corp. shares jumped Wednesday after a William Blair analyst upgraded her rating on the drive-in restaurant chain's stock.
Shares of Pandora Media Inc. rose Wednesday after the Internet radio service said the amount of time people spent listening to its service rose in November from a year ago. Rivals include Apple Inc., Spotify and Google Inc..
ESL Investments and its affiliates, including Lampert, currently own 48.4 percent of the outstanding shares of Sears. The Hoffman Estates, Ill., company said that Lampert, who is both CEO of ESL Investments and Sears, did not sell or otherwise dispose of any of his personal holdings.
NEW YORK-- Shares of Kinder Morgan Inc. declined Wednesday as some of the energy company's dividend and distribution forecasts for 2014 failed to meet Wall Street's expectations.
NEW YORK-- Shares of some top telecom companies are down at 1 p.m.:. AT&T Inc. fell$. 25 or. 7 percent, to $34.49. Verizon Communications Inc. fell$. 11 or. 2 percent, to $49.49.
ARCA biopharma Inc. rose 40.3 percent to $2.02 with 16,777,400 shares traded. Cisco Systems Inc. fell. 1 percent to $21.25 with 21,098,900 shares traded. Facebook Inc. rose 2.9 percent to $48.09 with 29,450,400 shares traded.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell 2.8 percent to $3.52 with 14,687,200 shares traded. Alcoa Inc. rose. 5 percent to $9.47 with 16,401,000 shares traded.
NEW YORK-- Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. rose$. 31 or. 8 percent, to $39.03. DuPont Co. fell$. 18 or. 3 percent, to $60.32.
NEW YORK-- Shares of some top construction companies are down at 1 p.m.:. Foster Wheeler fell$. 48 or 1.5 percent, to $31.05. Quanta Services Inc. fell$. 15 or. 5 percent, to $29.34.
NEW YORK-- Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 24 or 1.5 percent, to $15.75. Newmont Mining Corp. rose$. 66 or 2.8 percent, to $24.04.
NEWS: Christopher& Banks Corp. shares jumped Wednesday after the women's clothing company reported that its fiscal third-quarter profit more than doubled. NUMBERS: Net income rose to $8.6 million, or 23 cents per share, for the quarter that ended Nov. 2, from $3.6 million, or 10 cents per share, in its third quarter last year.
NEW YORK-- Shares of CF Industries climbed to an all-time high Wednesday after the fertilizer maker said that it might boost its dividend over time. THE SPARK: At an investor presentation, detailed in a filing with the Securities and Exchange Commission, the company said that it will continue to evaluate raising its dividend over time.
NEW YORK-- Shares of Ambit Biosciences tumbled Wednesday after the company said it won't file for accelerated approval of its leukemia drug quizartinib, and will run a late-stage clinical trial instead. The company has been meeting with the Food and Drug Administration to discuss quizartinib, a potential treatment for acute myeloid leukemia.
NEW YORK-- Shares of some top chemicals companies are mixed at 10 a.m.:. Dow Chemical Co. rose$. 06 or. 2 percent, to $38.78. DuPont Co. fell$. 18 or. 3 percent, to $60.32.
NEW YORK-- Shares of some top drug benefits companies are down at 10 a.m.:. CVSCaremark fell$. 43 or. 6 percent, to $66.32. Express Scripts Holding Co. fell$. 25 or. 4 percent, to $66.40.