It's not just tough refining margins hitting Big Oil, but lower oil production as well.» Read More
Tupperware is in the cosmetics business for one simple reason: Latin America, CEO Rick Goings told CNBC's "Squawk on the Street" on Monday.
A quick market recap of what happened on Friday.
Take a look at Friday's midday movers:
The combined role of chairman and chief executive officer, a corporate governance structure favored by many Fortune 500 firms, may soon go the way of the pension plan.
Empowered shareholders have helped drive board members from their seats and CEOs from their perch in a string of companies. In response, board members are upping their efforts to please.
*Company hopes to cut costs by $400 million/ yr within 3 years. Nov 1- Avon Products Inc slashed its dividend by nearly 74 percent on Thursday and announced measures to cut hundreds of millions of dollars in costs in the next few years as its new chief executive officer continues to work on a turnaround.
Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).
Nov 1- Avon Products Inc slashed its dividend by nearly 74 percent on Thursday, while also announcing measures to cut costs by at least $400 million within three years and reporting a steep plunge in third-quarter earnings.
Avon reported a net profit of $31.6 million, or 7 cents per share, on revenue of $2.55 billion, compared with $164.2 million, or 38 cents per share, on revenue of $2.76 billion a year earlier.
--Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.
--Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.
Burger King Worldwide Inc. reports quarterly financial results. Baidu Inc., the Chinese Internet company, reports quarterly financial results. Avon Products Inc. reports quarterly financial results.
Here's a look at the Appleseed Fund, one of the strongest performers in the mid-cap value stock mutual fund category over the latest 5- year period, according to Morningstar. MANAGERS: Bill Pekin; Rick Singer; Adam Strauss; Joshua Strauss; Ronald Strauss. _ Sprott Physical Gold Trust.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Avon Products Inc., up $1.17 at $17.39. Constellation Brands Inc., up $1.48 at $36.20.
Stocks ended narrowly mixed Friday, erasing an earlier rally fueled by the monthly government jobs report, but all three major indexes still posted their first positive week in three and the Dow finished at its best level since December 2007.
*Fred Hassan to become non-executive chairman in January. Oct 5- Avon Products Inc will close the book on the Andrea Jung era at the end of the year, clearing the way for new Chief Executive Sheri McCoy to try to fix the iconic but struggling beauty products company.
A big drop in the unemployment rate wasn't enough for investors Friday. The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The drop to 7.8 percent in the unemployment rate "really is not a big game-changer," said Peter Cardillo, chief market economist at Rockwell Global Capital. "
*Fred Hassan to become nonexecutive chairman in January. By Jessica Wohl and Phil Wahba. Oct 5- Avon Products Inc.
The Nasdaq Composite Index increased 1.18 points, or 0.04 percent, to 3,150.64. **PRIMERO MINING CORP, $7.16, up 32.6 pct. **FLEETMATICS GROUP PLC, $22.98, up 35.2 pct.
The Nasdaq Composite Index added 8.92 points, or 0.28 percent, to 3,158.38. **PRIMERO MINING CORP, $7.70, up 42.75 pct. The ruling confirms that Primero can record silver revenue and taxes from its San Dimas gold mine in Durango state at the realized silver price rather than the spot price.