Fred's Inc


  • Midday movers: Twitter, Alcoa, Conns & more Thursday, 27 Mar 2014 | 12:43 PM ET

    Some of Thursday's midday movers:

  • With US help, Europe and China show green shoots Thursday, 8 Aug 2013 | 10:28 AM ET
    View from Dollar Mountain in Sun Valley, Idaho.

    Data from Europe and China are looking up. These figures support the thesis that the U.S. recovery is a help to China, and is even trickling down to Europe.

  • Retailers forced to discount to lure shoppers Thursday, 8 Aug 2013 | 9:45 AM ET

    A group of large US retailers reported higher sales for July, but had to resort to bargains to lure shoppers who are still careful in their spending while the job market recovers.

  • Gas Prices Help Costco Top Estimates, L Brands Misses Thursday, 11 Jul 2013 | 10:55 AM ET
    Customers shop at a Costco store.

    Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.

  • 'Bernanke put' fails, leaving bond traders fuming Thursday, 11 Jul 2013 | 10:16 AM ET

    Who would have thought Fed chief Ben Bernanke's comment about "highly accommodative policy" would cause this kind of rally? Now, there are a clutch of angry traders.

  • Consumers Keep Retailers Humming as Sales Rise Thursday, 6 Jun 2013 | 11:42 AM ET

    Major retail chains reported sales increases for May that were generally in line with Wall Street's expectations, suggesting consumer spending continues to improve moderately.

  • Frugality Drags Retail Sales, Boosts Discounters Thursday, 9 May 2013 | 9:07 AM ET

    A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.

  • Freddie Mac Sues More Than a Dozen Banks Over Libor Wednesday, 20 Mar 2013 | 12:03 AM ET
    Freddie Mac

    U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.

  • Are 'Three Gorges' the New 'Fiscal Cliff'? Thursday, 3 Jan 2013 | 9:41 AM ET
    Taroko Gorge, Taiwan

    Forget the rally; all the headlines were about fears of the looming mini-"fiscal cliff" coming. Let's agree on one thing: get rid of the word "fiscal cliff." So 2012. We need a new term.

  • Retail chain revenue comparisons for October Thursday, 1 Nov 2012 | 2:41 PM ET

    Bon-Ton Stores Inc. 3.7 pct. Stage Stores Inc. 6.5 pct. Costco Wholesale Corp. 7 pct.

  • By Rick Rothacker and Jed Horowitz. Oct 12- Wells Fargo& Co's. The No. 4 U.S. bank by assets has expanded in mortgage lending while others such as Bank of America Corp.

  • Oct 12- Wells Fargo& Co reported record quarterly profit on Friday on a surge in mortgage lending, but revenue and a key banking measure fell short of analysts' estimates, sending shares down 3.3 percent. Wells Fargo posted third-quarter earnings of 88 cents per share, topping the analysts' consensus estimate of 87 cents, according to Thomson Reuters I/B/E/S.

  • Oct 12- Wells Fargo& Co reported a 22 percent increase in its third-quarter profit on Friday on a surge in mortgage lending, but fell short of analysts' revenue estimates. Wells Fargo posted earnings per share of 88 cents, topping the analysts' consensus estimate of 87 cents, according to Thomson Reuters I/B/E/S.

  • Oct 12- Low interest rates both hurt and helped third-quarter earnings at Wells Fargo& Co, boosting mortgage lending but squeezing core profitability more than analysts expected.

  • --$138.9 million class A-1 at' AAAsf'; Outlook Stable;-- $866.3 million class A-2 at' AAAsf'; Outlook Stable;-- $1.0 billion class X1 at' AAAsf'; Outlook Stable. Freddie Mac SPC K-015 represents a pass-through interest in the corresponding class of securities issued by FREMF 2011- K15.

  • Oct 9- Freddie Mac, the No. 2 U.S. home funding company, said on Tuesday it sold $2 billion of reference bills at mixed rates and mixed demand compared with last week's sale of similar maturities.

  • Freddie Mac says to sell $2 bln bills on Tuesday Tuesday, 9 Oct 2012 | 8:47 AM ET

    Oct 9- Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2 billion bills on Tuesday. The sale will include $1 billion three-month bills due Jan. 7, 2013, and $1 billion six-month bills due April 8, 2013. Bids will be accepted from authorized dealers until 9:45 a.m. EDT.

  • *Fiscal 2013 deficit depends on Congress, fiscal cliff. WASHINGTON, Oct 5- The federal budget deficit for the just-ended 2012 fiscal year shrank by $207 billion from the prior year, but still marked its fourth straight year above $1 trillion, Congress' budget referee estimated on Friday.

  • Discount store revenue comparisons for September Thursday, 4 Oct 2012 | 6:04 PM ET

    NEW YORK-- Summary of revenue at stores open at least a year in September for discount chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Costco Wholesale Corp. 6 pct.

  • U.S. Fed buys $19.3 bln mortgage bonds, sells none Thursday, 4 Oct 2012 | 3:05 PM ET

    NEW YORK, Oct 4- The Federal Reserve bought $19.3 billion in agency mortgage-backed securities from Sept. 27 to Oct. 3, less than the $21.9 billion it bought in the prior week, the New York Fed said on Thursday.