Some of Friday's midday movers:» Read More
DETROIT— Goodyear is recalling about 48,500 SUV tires after finding small cracks in the tread during endurance testing. Goodyear Tire& Rubber Co. says the problem hasn't caused any crashes. Owners can have the tires replaced for free at any Goodyear store or authorized dealer.
*KB Home forecasts drop in gross margins. Shares of homebuilders fell 1.5 percent after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home dropped 16.3 percent to $13.87, its biggest percentage fall since 1992..
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. ChannelAdvisor Corp., down $11.32 to $9.83. Emulex Corp., up $1.21 to $7.01.
*Materials drag, led by Freeport McMoran. Copper prices dropped further below $6,000 per tonne to their weakest level in more than five years, while oil prices extended losses in U.S. afternoon trading. So it's this fear of lower commodity prices leading to global deflation which is leading this nervousness, "said Peter Cardillo, chief market economist at...
NEW YORK— Shares of Goodyear Tire fell Tuesday after it warned that its fourth-quarter earnings may be hurt by the strong dollar, demand weakness in Europe and warmer-than-expected winter weather. The company, based in Akron, Ohio, made the announcements at Deutsche Bank's Global Auto Industry Conference in Detroit Tuesday. Shares of The Goodyear Tire& Rubber...
*Alcoa erases early gains after earnings; materials drag. Shares of homebuilders fell broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.
*Alcoa erases early gains after earnings. But the market was well off its highs for the session, with shares of homebuilders falling broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.
*KB Home lifts housing index after earnings. NEW YORK, Jan 13- U.S. stocks rallied on Tuesday to bounce from a two-day decline as financial results from Alcoa helped ease some investor worry regarding the corporate earnings season. Alcoa Inc reported a higher-than-expected quarterly profit due to automotive demand, higher aluminum prices and lower energy...
*Alcoa up in premarket after results. NEW YORK, Jan 13- U.S. stocks were poised for a higher open on Tuesday after the S&P 500 fell for a second consecutive session, as financial results from Alcoa helped ease some investor jitters regarding the corporate earnings season. Alcoa Inc gained 1.9 percent to $16.48 before the opening bell.
Ohio's economy is on the upswing and unemployment is down. But that could change because of pressure on the health sector due to Obamacare.
Lower oil prices mean challenges for oil companies, but the retail, airline and auto industry may see a boost to their bottom line.
*Third-quarter adj. shr 87 cents/ shr vs est 70 cents/ shr. Oct 29- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported a higher-than-expected quarterly profit as raw material costs fell in North America. We anticipate we're not going to see a big spike going into next year, " Goodyear Chief Executive Rich Kramer said in a conference call with analysts.
Oct 29- Goodyear Tire& Rubber Co reported a higher-than-expected quarterly profit as raw material costs fell in North America and the tire maker said it would buy back shares worth up to $150 million in the fourth quarter. Operating income from Goodyear's North America business, which accounts for 44 percent of its total revenue, rose 30 percent in the third...
How options traders doubled their money in less than 24 hours.
The left-leaning Guardian bemoaned: "No one can conceive of Renault, Fiat or indeed BMW fattening themselves up after years of emaciation, ready for sell-off to a foreign rival." The blow to British pride was made all the more acute by the success of France, where Peugeot and Renault were speeding ahead.
Hedge funds that bet on corporate shake-ups have long been industry darlings, and clients remain bullish despite July losses.
Aug 7- Cargill Inc, a top global commodities trader, said on Thursday its quarterly earnings fell as drought limited farm services opportunities in the United States and due to a loss stemming from the drop in the value of Venezuela's currency. Plains states, which have similarly impacted rival agribusinesses Archer Daniels Midland Co and Bunge Ltd..
When Justice Ruth Bader Ginsburg reflects on the Supreme Court's recent rulings, she sees an inconsistency.
Some of Wednesday's midday movers:
Stock futures pointed to a higher open on Wall Street after data had the economy growing 4 percent in the second quarter.