Cerberus seeks a $25 million equity investment for its gun business from an unnamed third party, The Wall Street Journal reported.» Read More
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 $23.28.
Dec 5- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported slightly lower-than-expected overall quarterly sales and joined other retailers in taking a cautious stance on the remainder of 2013, sending its shares down 4 percent.
NEW YORK-- Shares of some top telecom companies are down at 10 a.m.:. AT&T Inc. fell$. 37 or 1.1 percent, to $34.23. Verizon Communications Inc. fell$. 77 or 1.6 percent, to $48.60.
NEW YORK-- Shares of some top chemicals companies are mixed at 10 a.m.:. Dow Chemical Co. fell$. 01 or percent, to $38.88. DuPont Co. rose$. 04 or. 1 percent, to $60.30.
NEW YORK-- Shares of some top construction companies are up at 10 a.m.:. Foster Wheeler rose$. 09 or. 3 percent, to $31.14. Quanta Services Inc. rose$. 01 or percent, to $29.37.
NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 10 or. 6 percent, to $15.59. Newmont Mining Corp. fell$. 50 or 2.1 percent, to $23.38.
*China Mobile outshines rivals after reported Apple iPhone deal. HONG KONG, Dec 5- China shares slipped from multi-week highs early on Thursday led by telecom equipment maker ZTE Corp as investors took profits after Beijing issued long-awaited 4 G licenses to China's three biggest mobile operators.
NEW YORK-- Shares of some top telecom companies were down at the close of trading:. AT&T Inc. fell$. 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.