A shorter holiday calendar could send frenzied shoppers to physical stores for last-minute purchases, taking some sales away from e-commerce.» Read More
**SAREPTA THERAPEUTICS INC, Tuesday close $14.99, up 135 pct premarket. **INTERMUNE INC, Tuesday close $8.85, up 10.7 pct premarket. **B&G FOODS INC, Tuesday close $33.51, down 8.4 pct premarket.
*Best Buy founder, private equity firms, examine books. *Motorola Mobility drops patent complaint against Apple. NEW YORK, Oct 3- U.S. stock index futures were little changed Wednesday as expectations that Spain will request a bailout offset concern over a slowing Chinese economy, with modest volume indicating a pause ahead of the release of key U.S. data.
Take a look at some of Wednesdays morning movers.
U.S. stock index futures pointed to a slightly lower open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down between 0.01 and 0.08 percent at 1111 GMT. **SAREPTA THERAPEUTICS INC, Tuesday close $14.99, up 100 pct premarket. **B&G FOODS INC, Tuesday close $33.51, down 8.4 pct premarket.
NEW YORK, Oct 3- U.S. stock index futures were little changed Wednesday as expectations that Spain will request a bailout offset concern over a slowing Chinese economy, with modest volume indicating a pause ahead of the release of key U.S. data. *Automatic Data Processing releases its September employment report at 8:15 a.m. ET.
NEW YORK, Oct 3- Best Buy Co Inc:. *Shares up 4 percent in premarket trading. ( (New York Treasury Desk; Tel: 223 6300)).
LONDON, Oct 3- U.S. stock index futures pointed to a slightly lower open on Wall Street on Wednesday, with futures for the S&P 500 and the Dow Jones down 0.2 percent, while contracts on the Nasdaq 100 were down 0.1 percent at 0751 GMT.
What CFOs are more concerned about is how consumer confidence may be affected by next month's presidential election, according to an annual poll by BDO USA, the assurance, tax and financial consulting firm.
As Best Buy's stock approaches multi-year lows, one option trader is betting the stock is about to rally.
*Wal-Mart, Target already among MCX members. Oct 1- Retailers including Gap Inc and Bed Bath& Beyond Inc have joined a mobile payments network that intends to battle similar services from Google Inc.
The FMHR traders offer their favorite three tech trades. Meanwhile Yelp spikes on its lock-up expiration. Rocky Agrawal, principal analyst at reDesign Mobile, offers insight.
Brian Nagel, Oppenheimer analyst, discusses why he doubts the company's founder will be able to take the company private, and explains his "market perform" rating on the stock and $17 price target.
Jeff Tomasulo, Belpointe, and Anthony Chukumba, BB&T Capital Markets, discuss whether now is the time to buy Best Buy stock.
Bradley Thomas, Keybanc Capital Markets, just got off Best Buy's conference call and offers his thoughts on the company and its new CEO.
In a tightly-controlled call lasting 40 minutes, interim CEO Mike Mikan told investors the firm faces significant challenges, adding that new CEO Hubert Joly is just what the company needs, reports CNBC's Mary Thompson.
The "Squawk on the Street" news team highlights the market-moving headlines, including Best Buy plunging on earnings, Urban Outfitters' turnaround, and Peter Thiel selling a large stake in Facebook.
Kate McShane, Citigroup analyst, offers insight on Best Buy earnings. "What we're looking to hear from Best Buy today is an update on TV sales, computer sales and how the retail store is doing," she says.
CNBC's Courtney Reagan reports Best Buy's founder Richard Schulze has proposed to take the company private for $24 to $26 per share, and CNBC's Herb Greenberg weighs in.
Retailer Best Buy has announced that Frenchman Hubert Joly is its new CEO. David Strasser, analyst at Janney Capital Markets, offers his view on what the announcement means for the stock.
CNBC's David Faber reports the latest details on former Best Buy founder & chairman, Richard Schulze's proposal to take the company private.