Eileen Ford, the grande dame of the modeling industry, died on Wednesday in Morristown, N.J. She was 92.» Read More
Long-term development in China and across Asia promises great opportunity, William Lauder says.
Markets seem to be stuck in a range, but here are three stocks that saw unusual moves Thursday.
NEW YORK- Huge logistical problems from power failures and navigational hazards roil the massive New York Harbor oil hub in the wake of Hurricane Sandy, threatening widespread delays in fuel deliveries off the New York Mercantile Exchange's futures contracts (STORM-SANDY/CME-DELIVERIES, moving shortly, 800 words).
Nov 1- Estée Lauder Cos Inc scaled back the top end of its full-year forecast for sales Thursday amid uncertainty in some key markets, and said it expects poor demand in Europe to persist. While sales growth was strong in the United States and China, Europe was a drag in the last quarter, with France, Spain, Russia and Switzerland showing declines.
*Profit excluding items 79 cents/ share vs Street view 77 cents. Shares of New York- based Estee Lauder fell 2.6 percent to $60 in premarket trading. Revenue in the fiscal first quarter rose 2.9 percent to $2.55 billion, dragged down by disappointing sales in Europe that included decreases in key markets like Russia and France.
Still, Estee Lauder reported a higher than expected quarterly profit, helped by large gains in U.S. and China that helped make up for weakness in Europe. The company reported net profit of $299.5 million, or 76 cents a share, in the first quarter, ended Sept. 30, compared with $278.6 million, or 70 cents a share, a year earlier.
--France- based beauty and cosmetics packaging manufacturer Albea has announced plans to acquire the cosmetics business of U.K.- based consumer packaging group Rexam PLC for a cash amount of about $462 million. --We are assigning our preliminary' B+' long-term corporate credit rating to Albea Beauty Holdings S.A., Albea's holding company.
Take a look at some of Tuesday's midday movers:
It's late August and Wall Street's got a case of empty-desk syndrome. Two things need to go well to fuel the market, one pro said — the Greek debt auction and retail sales.
Take a look at some of Wednesday's midday movers:
If you don’t know what a “beauty balm” or “blemish balm” is yet, chances are you will soon. Sales of the products, which are also known as BB creams, have grown significantly in the past several months, according to a new report from market researcher NPD Group. And it’s no wonder, as the creams blend together the benefits of several beauty products all in one — a plus for time-pressed women.
Shares of Estee Lauder are up 5% this year, but the stock is underperforming the S&P Consumer Discretionary Index. William Lauder, executive chairman of Estee Lauder, discusses whether the firm could see a boost on Mother's Day.
Take a look at some of Friday's morning movers:
CNBC's "Power Lunch" team assembled a gallery of the best known art collectors from the financial world. Click ahead to see who made the list.
Discussing the trade on consumer stocks, with Stephen Weiss, Short Hills Capital.
CNBC's Steve Liesman, and Bob PIsani discuss the outlook for the markets in the coming weeks, and the Fed's monetary policy. Also, CNBC's David Faber has the details on Avon rejecting Coty's $10B takeover bid.
Over the next five years, Brazil's consumption of personal care and beauty products will outpace that of developed markets including the U.S., making the country ripe for industry expansion.
Take a look at some of Monday morning's early movers:
If retailers are looking for growth in clothing sales, they might want to focus on men. IBM projects that men’s apparel sales will rise nearly 8.3 percent in the first quarter, far outpacing other retail categories.
This year’s ready-to-wear fall fashion collections are being unveiled at New York Fashion Week. "Fast Money" traders look at how to work the sector.