Nine stocks in the S&P 500, including Coach, Avon Products and Newmont Mining are struggling, reports USA Today.» Read More
Sept 22- Home cleaning products maker Clorox Co said it was discontinuing operations in Venezuela as the business was no longer viable and that it was looking to sell its assets there. Venezuela devalued its currency bolivar last year, which forced a number of consumer goods companies such as Colgate-Palmolive Co and Avon Products Inc to slash product prices.
Aug 25- The S&P 500 broke through the 2,000 mark on Monday, a capstone in a rally that has seen the index nearly triple from its March 9, 2009, closing low of 676.53 points in the wake of the financial crisis. Priceline +1,530.3 Keurig Green +1,506.3. FirstEnergy Corp -10.0 Avon Products -6.8.
*Q2 revenue falls 13 pct, but Brazil improves. The cosmetics maker said in June it would cut about 600 jobs, largely in its North America unit, and said it expected restructuring efforts to save about $50- $55 million a year.
While Avon's second-quarter profit and sales both fell short of Wall Street's expectation, analysts' highlighted the fact that the company's sales rose in its largest market, Brazil.
July 31- Avon Products Inc, a direct seller of beauty products, reported a 40 percent fall in quarterly profit as sales were hurt by increased competition in key markets such as Latin America and the United States.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Thirteen stocks in the S&P 500 are targeting 60 percent rises in stock prices...but is it too ambitious? USAToday reports.
With earnings season underway, here are the S&P 500 companies over the past four quarters that have performed best and worst, following their earnings.
The new index will be composed of companies with a female chief executive officer or women making up at least one-fourth of the board of directors, Barclays said on Wednesday in a statement. In connection with the launch, Barclays executives will ring the opening bell of the New York Stock Exchange on Thursday.
Some of the names on the move ahead of the open.
Cosmetics maker Avon Products said it would cut about 600 jobs, including in its North America unit, as the company struggles to return to profit.
June 23- Cosmetics maker Avon Products Inc said it would cut about 600 jobs, including in its North America unit, as the company struggles to return to profit. The company is struggling to turn around its fortunes after a host of problems in key markets such as Russia, Latin America and the United States hurt profits.
June 23- Cosmetics maker Avon Products Inc said it would cut about 600 jobs, including in its North America unit, as the company tries to return to profit. Avon said it would take a pretax charge of $45 million- $50 million, of which $40 million was expected to be recorded in the second quarter.
Sick of trying to curate cosmetic products? A subscription to Birchbox—which sends samples of high-end beauty products—may be the answer.
For the second year in a row, selling in May hasn't panned out the way people thought it would.
Stocks may be rallying Wednesday, but there are still plenty of industries that have lost substantial ground.
Some of Wednesday's midday movers:
May 14- Perfume and cosmetics maker Coty Inc reported a better-than-expected adjusted profit, helped by growth in its fragrance and skincare business, primarily in Europe and emerging markets.
May 2- Estee Lauder Cos Inc, known for its Clinique and MAC brands, raised its earnings forecast for the full year, driven by the launch of new skin care and makeup products. Estee Lauder said it expects global prestige beauty, to which the company belongs, to grow about 3 to 4 percent in 2014..
U.S. stocks began little changed on Thursday after jobless claims and consumer spending rose more than expected.