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
July 25- Boston Scientific Corp on Thursday reported its first quarter of operating revenue growth in years and beat analyst expectations for second-quarter profit, pushing up shares to their highest level in nearly four years.
July 25- Shares of Spirit AeroSystems, a supplier to Boeing Co and other jet makers, rose 7 percent on Thursday after a British newspaper reported that car and plane parts maker GKN may launch a bid for the company. Ken Evans, a spokesman for Kansas- based Spirit, said the company would not speculate on rumors.
July 25- Southwest Airlines Co said on Thursday that quarterly profit edged down as costs increased and U.S. spending curbs hurt demand, and its shares fell nearly 3 percent. Dallas- based Southwest has added seats to planes and raised baggage fees at its AirTran subsidiary to boost revenue and keep profits flowing, but it faces significant cost pressures.
TORONTO, July 25- Goldcorp Inc, the world's largest gold miner by market capitalization, posted weaker-than-expected second quarter results on Thursday, hit by a sharp drop in the gold price and a $2 billion non-cash impairment charge. Shares of the Vancouver- based miner were down 0.24 percent to C $29.17 shortly after market open in Toronto.
July 25- Facebook Inc shares opened 28 percent higher on Thursday after the company reported a huge jump in mobile advertising revenue, and analysts pointed to further growth from new advertising on Instagram and 15- second videos.
July 25- Boston Scientific Corp on Thursday reported a second-quarter profit that beat expectations and forecast growth in the third period on improved sales of its surgical devices and cardiology products.
*Adjusted second quarter profit $1.35 per share vs estimate $1.29. CHICAGO, July 25- United Continental Holdings Inc on Thursday posted a higher-than-expected quarterly profit as costs fell and it raised fares, sending shares up 3 percent Thursday morning.
PARIS, July 25- European shares dipped early on Thursday, slipping from eight-week highs hit in the previous day, as a batch of mixed results from blue-chips like Unilever and BASF prompted investors to book some profits.
LOS ANGELES, July 24- Cheesecake Factory Inc on Wednesday reported second-quarter profit that missed Wall Street's expectations because of softer-than-expected sales at established restaurants, and its shares fell almost 6 percent.
SAN FRANCISCO, July 24- Shares of Qualcomm Inc rose more than 3 percent after the leading mobile chipmaker posted third-quarter results that met expectations and eased concerns about slower growth of smartphone sales.
LOS ANGELES, July 24- Cheesecake Factory Inc on Wednesday reported second-quarter profit that missed Wall Street expectations due to softer-than-expected sales at established restaurants, and its shares fell almost 6 percent.
July 24- Facebook Inc beat Wall Street's revenue targets as its mobile advertising business gains steam and the Internet company reported a rise in the number of users who visit its online social network every day. Shares of Facebook jumped 20 percent to $31.81 in after hours trading on Wednesday.
SAN FRANCISCO, July 24- Leading mobile chipmaker Qualcomm Inc raised its 2013 profit outlook, giving its stock a boost, even as its current-quarter revenue estimate missed Wall Street expectations.
July 24- T. Rowe Price Group reported an $8 billion net outflow of investor cash as part of second-quarter results that missed Wall Street expectations, and the asset manager's shares fell on Wednesday.
*2nd qtr EPS of $1.32 beats analyst view by 2 cents. July 24- Thermo Fisher Scientific Inc reported a second-quarter profit that slightly beat Wall Street expectations, and said it was making progress in planning for its $13.6 billion acquisition of genetic testing company Life Technologies Inc..
July 24- Shares of Walter Energy Inc fell over 10 percent on Wednesday after the coal miner slashed its dividend to 1 cent a share, from 12.5 cents a share, citing the tough market for metallurgical coal and an amended credit facility. Shares fell 10.5 percent to $12.62 in early trading on the New York Stock Exchange.
July 24- US Airways Group Inc reported higher-than-expected quarterly profit on Wednesday, aided by lower fuel costs. US Airways plans to merge with AMR Corp's American Airlines this year to form the world's biggest airline. Shares of US Airways were up 1.5 percent to $18.33 in morning trading.
July 24- Asset manager T. Rowe Price Group said its second-quarter profit rose 20 percent but reported a net outflow of investor cash, sending its stock down 6 percent in premarket trading.
July 24- Caterpillar Inc on Wednesday reported a 43.5 percent drop in quarterly profit and cut its outlook for the year, saying its dealers were still reducing inventories and demand was weak from the mining industry. Shares of Caterpillar were down 1.4 percent at $84.35 in trading before the market opened.
NEW YORK, July 23- The S&P 500 snapped a four-day winning streak on Tuesday and pulled back from Monday's record closing high, while healthy earnings from United Technologies gave the Dow a slight lift. Shares of Apple fell 1.7 percent to end at $418.99, ahead of the company's earnings after the closing bell.