Among the stock activity stories for Thursday, June 6, from AP Business News:. _ Ascena Retail Group Inc.' s shares sank after the clothing company reported disappointing fiscal third-quarter results and lowered its full-year forecast.
Ascena Retail Group Inc.' s shares sank Thursday after the clothing company reported disappointing fiscal third-quarter results and lowered its full-year forecast. Its net income slipped to $31.2 million, or 19 cents per share, for the quarter that ended April 27. That compares to $49.4 million, or 31 cents per share, a year ago.
Ascena Retail Group fell 10.3 percent to $17.81. Vera Bradley Inc. fell 10.2 percent to $20.16. Vanda Pharmaceuticals Inc. fell 10.0 percent to $9.15.
President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer says.
Tuesday, 18 Jun 2013 | 6:00 PM ETHow to approach the Fed's monetary decision, with Mad Money host Jim Cramer.
Tuesday, 18 Jun 2013 | 12:01 PM ETThe Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.