Fashion house Michael Kors has a lot of fans out there. One that would have a tough time getting by without it: watchmaker Fossil Group.» Read More
*Valeant raises cash component of Allergan bid; shares fall. NEW YORK, May 28- U.S. stocks barely budged on Wednesday as an absence of economic catalysts put technicals in focus and kept the S&P 500 near its newest intraday record.
May 28- Michael Kors Holdings Ltd, whose trendy clutch bags and watches have taken Wall Street by storm, said it expected the cost of opening new stores in Europe to depress gross margins in the next few quarters.
*Valeant ups cash component of Allergan bid; shares fall. NEW YORK, May 28- U.S. stocks slipped, with technicals in focus and scant key items on the U.S. economic calendar, as the S&P 500 hit yet another intraday record in early trading Wednesday.
May 28- Michael Kors Holdings Ltd said it expects its current-quarter gross margins to be slightly lower than a year earlier due to the costs of opening new stores in Europe. The startup expenses, such as leasing costs, associated with its expansion in Europe would hurt its retail operating margins, Michael Kors said on a conference call.
Citigroup's trading troubles are symptomatic of the problems confronting the Wall Street trading community.
*Toll Brothers, Michael Kors up after earnings; DSW drops. NEW YORK, May 28- U.S. stocks were set to open little changed on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index.
U.S. stock index futures pointed to gains on Wall Street Wednesday, buoyed by a strong finish on Tuesday when the S&P 500 set a new record following a batch of better than expected economic reports.
*Toll Brothers, Michael Kors up after earnings; DSW drops. NEW YORK, May 28- U.S. stock index futures edged up on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index.
May 28- Michael Kors Holdings Ltd forecast first-quarter revenue above analysts' estimates, after reporting a 59 percent jump in fourth-quarter profit due to higher demand for its handbags and watches in North America, its biggest market. Shares of the company, founded by fashion designer Michael Kors, rose about 8 percent in premarket trading.
Some of the names on the move ahead of the open.
May 28- Michael Kors Holdings Ltd reported a 59 percent jump in quarterly profit, helped by higher sales of its handbags and watches in North America, its biggest market. The company's net income rose to $161 million, or 78 cents per share, in the fourth quarter ended March 29 from $101.1 million, or 50 cents per share, a year earlier.
With stocks hitting yet another high, the question is whether bond yields could be getting ready to lift off.
U.S. stock index futures added to gains Tuesday after the long holiday weekend as investors cheered a better-than-expected durable goods orders report.
Just because next week is a short week, doesn’t mean Jim Cramer intends to rest. Quite the opposite.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
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*Sees 2nd- qtr profit/shr $0.90- $0.97 vs est $1.16. May 13- Watches and fashion accessory retailer Fossil Group Inc forecast a much lower-than-expected profit for this quarter as costs rise.
May 13- Fashion accessory maker and retailer Fossil Group Inc forecast a weaker-than-expected profit for this quarter after reporting the third straight decline in comparable sales in North America.
Two major retail projects are under way that will redefine the downtown Manhattan scene that was once left shattered by the September 11 tragedy.