Struggling retailer Abercrombie & Fitch said it will extend CEO Mike Jeffries' contract, days after a shareholder urged the company to replace him.» Read More
Oct 31- Women's apparel retailer Body Central Corp reported a larger-than-expected quarterly loss as it struggled to attract customers, sending its shares down 20 percent after the bell. Apparel retailers including Aeropostale Inc and Abercrombie& Fitch Co also reported weak quarterly results as customers restrain spending in an uncertain economy.
*Fourth company floated by Bain Capital this year. Oct 2- Burlington Stores Inc's shares rose nearly 50 percent after Bain Capital returned the discount apparel retailer to the stock market, tapping into the appeal of cheaper clothing in a tough economy.
"I'm not that worried about the consumer because I do think that they have benefited from higher home prices," TheStreet's Stephanie Link says.
Like any high school crush, this one was bound to fizzle, but millions of dollars were riding on this infatuation.
*Microsoft shares up on dividend announcement, Apple rebounds. Many investors expect Fed chairman Ben Bernanke will announce a scale-back of purchases by $10 billion a month to $75 billion, while keeping rates close to zero.
Stocks closed higher Tuesday, with the Dow and S&P 500 finishing in positive territory for the third-straight session, as Federal Reserve policymakers kicked off their two-day meeting.
**BLACKBERRY LTD, $10.66, up 3.4 pct. **COTY INC, $15.56, down 4 pct. **ORBITAL SCIENCES CORP, $21.10, up 5 pct.
**BLACKBERRY LTD, $10.61, up 2.8 pct. **KYTHERA BIOPHARMACEUTICALS INC, $42.00, up 25 pct. Over 1,000 patients from the United States and Canada were enrolled in two late-stage studies for evaluating the drug against a placebo, Kythera said.
Sept 17- A buyout firm with a record of taking troubled retailers private disclosed on Tuesday that an affiliate had taken an 8 percent stake in Aeropostale Inc, sending the struggling teen apparel retailer's shares up as much 19.5 percent.
*Microsoft shares up on dividend announcement, Apple rebounds. Many investors expect the Fed and its chairman, Ben Bernanke, will scale back purchases by $10 billion a month while keeping rates close to zero for some time.
**KYTHERA BIOPHARMACEUTICALS INC, $42.00, up 25 pct. **REPROS THERAPEUTICS INC, $26.75, up 26 pct. **REGADO BIOSCIENCES INC, $9.11, up 20 pct.
**KYTHERA BIOPHARMACEUTICALS INC, $42.00, up 25 pct. **AGENUS INC $3.46, up 26 pct. **HUNTSMAN CORP, $20.21, up 6 pct.
**MICROSOFT CORP, Monday close $32.80, up 2 pct premarket. The new share repurchase program, which has no expiration date, replaces a $40 billion buyback program that was set to expire on Sept. 30. **KYTHERA BIOPHARMACEUTICALS INC, Monday close $33.53, up 19.4 pct after market.
*Apple in focus after closing below 200- day moving average. NEW YORK, Sept 17- Wall Street was set for a flat open on Tuesday before the start of the Federal Reserve's two-day meeting, while inflation data supported the case for the Fed's starting to reduce its stimulus measures.
**KYTHERA BIOPHARMACEUTICALS INC, Monday close $33.53, up 19.4 pct after market. Over 1,000 patients from the United States and Canada were enrolled in two late-stage studies for evaluating the drug against a placebo, Kythera said. **AGENUS INC Monday close $2.74, up 24 pct premarket.
**KYTHERA BIOPHARMACEUTICALS INC, Monday close $33.53, up 19.4 pct after market. **NOKIA, Monday close $6.24, down 1 pct premarket. Nokia has delayed the launch of a large-screen "phablet" device, originally planned for late September, following a deal to sell its handset business and license patents to Microsoft, a source said on Monday.
* "Buy online, pickup in store" seen as way to compete with Amazon. NEW YORK, Sept 15- Bricks-and-mortar retailers are trying to compete with Amazon.com Inc and each other by offering what they hope is the best of both worlds- online sales with the option of store pickups, delivery and returns.
Trying to figure out what's cool for the back-to-school shopping season? Stop trying. These teens will break it down for you.
*Second-quarter adj EPS $0.52 vs est $0.39. *Sees full-year adj EPS $1.78- $1.92, largely above Wall Street estimates. Aug 28- Guess Inc's second-quarter results beat Wall Street estimates, helped by recovering sales in North America, and bucked a broader trend of falling sales for apparel retailers.
*Sees full-year adj EPS $1.78- $1.92, largely above Wall Street estimates. Aug 28- Guess Inc reported second-quarter results above estimates due to better-than-expected sales in North America, sending its shares up 18 percent in after market trading. North America accounts for about 40 percent of the company's total sales.