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May 20- Home Depot Inc, the world's largest home improvement chain, reported a 2.9 percent rise in quarterly sales as its spring selling season got off to a slow start. Home Depot's net income rose to $1.38 billion, or $1.00 per share, in the first quarter ended May 4 from $1.23 billion, or 83 cents per share, a year earlier.
Stocks finished in positive territory after hovering around the flatline for much of the session Monday, as investors remained cautious amid recent mixed economic reports.
*AT&T to buy DirecTV for $48.5 billion. AT&T lost 1.7 percent to $36.12 after the telecom company said it will acquire DirecTV for $48.5 billion, as it seeks fresh avenues of growth beyond the maturing U.S. cellular business. DirecTV shares lost $1.81 at $84.37.
*AT&T to buy DirecTV for $48.5 billion. *AT&T lost 2.5 percent to $35.83 in premarket trade after the telecom company said it will acquire DirecTV for $48.5 billion, highlighting AT&T's pressing need for fresh avenues of growth beyond the maturing U.S. cellular business. DirecTV shares lost one cent at $86.17 in premarket.
U.S. stock index futures traded lower on Monday as global stocks continued to fall.
*AstraZeneca rejects sweetened Pfizer offer. *AT&T to buy DirecTV for $48.5 billion. *AT&T lost 2.1 percent to $35.95 in premarket trade after the telecom said it will acquire DirecTV for $48.5 billion, highlighting AT&T's pressing need for fresh avenues of growth beyond the maturing U.S. cellular business.
Stocks are likely to take their cue from the bond market, as traders worry low yields are a warning the economy isn't springing back.
Jim Cramer believes there’s always opportunity in the market. You just have to know where to look! Here’s what’s on his calendar.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
LAS VEGAS, May 14- Billionaire hedge fund manager David Tepper sounded a cautious message on Wednesday, telling a ballroom packed with other managers and investors that he was "nervous" about the stock market but that this was not the time to sell.
Burdensome levels of regulation are stunting growth, and nowhere is that more prevalent than with Obamacare, businessman Ken Langone said.
U.S. stocks rose on Friday, with consumer discretionary leading late session gains.
Since government regulations from 2012, finding the right light bulb has become very difficult. The choice is about to become even more complicated.
April 29- Target Corp, which is recovering from a massive data breach, on Tuesday named high-profile information technology consultant Bob DeRodes as chief information officer. Target, the third-largest U.S. retailer, said it was still looking for a chief information security officer and a chief compliance officer.
Stocks mostly fell Wednesday after earnings from Boeing and AT&T.
U.S. stocks rose on Tuesday after earnings from McDonald's and Netflix.
Stocks rose on Monday after the S&P 500's largest weekly advance since July.
BOSTON, April 21- Will Danoff, who runs Fidelity Investments' behemoth Contrafund, is frustrated by his lagging performance this year and is pruning his exposure to cloud software stocks that got clobbered recently in a swift and hard-hitting downturn.
Some of Monday's midday movers:
April 17- Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported.