Some of Thursday's midday movers:» Read More
Find out what Wall Street analysts had to say about Apple, Samsung, Lowe’s and Patterson in this CNBC.com StockBlog Roundup.
While no storm is ever welcome, Sandy’s timing, along with the nor’easter Athena, couldn't be worse. With just two weeks to go until Black Friday unofficially kicks off the 2012 holiday season, retailers are awaiting final inventory shipments for the holidays.
Nov 6- Superstorm Sandy will slash earnings at New Jersey casinos and benefit home repair and discount retailers but have limited impact on other sectors and is unlikely to trigger credit downgrades, credit agency Moody's Investors Service said.
Nov 6- Credit agency Moody's Investors Service said on Tuesday that superstorm Sandy will slash revenue and earnings at New Jersey's Atlantic City casinos and benefit home repair and discount retailers but will have limited impact on other sectors.
Find out what Wall Street analysts were saying about Allstate, Western Union, and dividend payers like General Mills and McDonald’s in this week’s CNBC.com StockBlog Roundup.
Companies such as environmental cleanup specialist Clean Harbors Inc, building supply chains Home Depot Inc and Lowe's Cos Inc, building products makers Owens Corning and Beacon Roofing Supply Inc, and generator manufacturer Generac Holdings Inc surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
*Three major New York area airports still closed. *JFK, Newark to resume limited services Wednesday.
Late Tuesday, Port Authority of New York and New Jersey said it was possible that there would be limited service on Wednesday at John F. Kennedy International Airport. Airlines said they planned to restart service Tuesday at some East Coast airports, including Boston and Philadelphia.
Airlines said they planned to restart service Tuesday at some East Coast airports, including Boston and Philadelphia.
*Seven major New York bridges closing; two tunnels closed. *Rail, container ports closed in New York, New Jersey. New York said it would close seven major bridges at 7 p.m. EDT on Monday, including the George Washington Bridge and the Verrazano-Narrows Bridge.
Among the earnings projection stories for Wednesday, Oct. 17, from The Associated Press:. _ CSX Corp. predicts its shipping volume will be relatively flat in the fourth quarter because demand for coal remains weak and the economy is growing slowly.
Michael Ward, CSX Corporation president, chairman, & CEO, breaks down the transportation company's third quarter earnings of $0.44 EPS on $2.89 billion in revenues, and discusses the impact of coal costs on the company's bottom line.
SWITCHING TRACKS: CSX Corp. says its third-quarter profit and revenue both declined 2 percent because the railroad hauled fewer carloads and the mix of goods it carried changed. COAL CRUNCH: CSX hauled 16 percent less coal overall during the quarter as demand for coal from domestic utilities remained weak.
OMAHA, Neb.-- CSX Corp. reported a 2 percent dip in its third-quarter profit and revenue Tuesday because the railroad delivered fewer carloads of coal and crops, and fuel surcharge revenue declined. The Jacksonville, Fla.- based railroad made $455 million, or 44 cents per share. That's down from $464 million, or 43 cents per share in the same period a year ago.
Citigroup Inc. reports quarterly financial results. CSX Corp. reports quarterly financial results. Intel Corp. reports quarterly financial results.
HONG KONG, Oct 12- China's state-owned insurer PICC Group is tentatively looking to start pre-marketing its proposed up to $3 billion Hong Kong initial public offering in mid-November, IFR reported on Friday citing sources. PICC is planning to raise as much as $6 billion through a dual listing in Hong Kong and Shanghai, sources previously told Reuters.
MOSCOW, Oct 11- MegaFon said the make-up of its board would reflect its focus on good corporate governance, as it sought to attract investors for its planned initial public offering after Goldman Sachs dropped out as an underwriter.
At the same time, Fitch affirmed the ratings of Credit Suisse's subsidiaries and holding company and of its issues. The rating actions on Credit Suisse have been taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.