Some Wall Street pros just refuse to hear what American companies are telling them.» Read More
*Yahoo rallies after results; BofA falls. NEW YORK, April 16- U.S. stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. King Digital Entertainment Plc, up 60 cents to $18.03. Yelp Inc., up $2.74 to $65.80.
CSX Corp. stock declined more than 3 percent to $27.36 in afternoon trading Wednesday. Ward said the Chicago area's cold, snowy winter was especially problematic because all the major freight railroads connect in Chicago and commuter trains use some of the same rails. There is already a long-term plan in place to improve rail traffic through Chicago.
OMAHA, Neb.— Harsh winter weather slowed CSX railroad and contributed to a 14 percent drop in first-quarter profit, even as freight volume grew modestly. On Tuesday, the railroad based in Jacksonville, Fla., reported net income of $398 million, or 40 cents per share, in the quarter ending March 31. That's down from $462 million, or 45 cents per share, a year ago.
Some of Tuesday's midday movers:
A rush of earnings could help steer the market's direction on Tuesday, after Citigroup's earnings beat provided kindling for a market rally Monday.
It's Talking Squawk, the official "Squawk Box" blog, this week with Bill Miller on bitcoin, a truce between eBay and Carl Icahn, and Sam Zell on taxes.
Among the corporations is a familiar Democratic nemesis, Koch Industries, the giant conglomerate headed by the billionaire brothers Charles and David Koch. In a Senate chamber speech, Reid noted that Koch Industries benefited from a temporary provision of the health care law.
The "Fast Money" traders share their final trades of the day.
March 19- FedEx Corp's on Wednesday said severe winter conditions had hurt quarterly earnings and revenue, prompting the world's No. 2 package delivery company to cut its fiscal-year profit forecast.
FedEx reported lower-than-expected results for the holiday quarter and gave a fiscal-year profit forecast below Wall Street estimates.
March 19- FedEx Corp on Wednesday reported lower-than-expected results for the holiday quarter and gave a fiscal-year profit forecast below Wall Street estimates, the latest in a line of companies saying they were hurt by winter storms. Shares of FedEx were down 0.2 percent at $138.29 in morning trading.
Some of Wednesday's midday movers:
March 12- U.S. railroad CSX Corp warned first-quarter earnings would be hit by about 10 cents per share as a severe winter hit operations and volumes. The company expects full-year earnings to grow at a more modest rate than previously forecast, Chief Financial Officer Fredrik Eliasson said at a JP Morgan conference in New York City on Wednesday.
March 12- U.S. railroad CSX Corp said severe winter weather will likely reduce first-quarter earnings by about 10 cents per share.
Sometimes earnings say much more than you think. Sometimes they provide new stock ideas.
Energy industry leaders at CERAWeek are sizing up new federal safety guidelines for rail shippers to figure out if they are on track.
CHICAGO, Feb 19- Sick of hearing Americans complain about the winter weather? Because the corporate kvetching has only just begun.
NEW YORK, Feb 13- Interpreting U.S. economic figures in the last couple of months has taken on a familiar pattern: wonder about possible weakness in demand, and then shrug and dismiss it all as a product of bad weather.
NEW YORK, Feb 13- A 120- car Norfolk Southern Corp train carrying heavy Canadian crude oil derailed and spilled in western Pennsylvania on Thursday, adding to a string of recent accidents that have prompted calls for stronger safety standards.