June 24- Used-car retailer CarMax Inc's advertisements promising its vehicles undergo quality checks are deceptive as it does not fix cars recalled by automakers before reselling them, 11 consumer groups said in a petition to the U.S. Federal Trade Commission, the New York Times reported.
*Oracle slides, CarMax soars after results. NEW YORK, June 20- U.S. stocks rose on Friday, driving the Dow and the S&P 500 to close at record highs as the shares of 330 companies hit 52- week highs on the New York Stock Exchange.
Oracle slumps, Carmax surges after results. NEW YORK, June 20- U.S. stocks rose on Friday, pushing the Dow and the S&P 500 to record levels and setting the benchmark index up to score its fourth weekly advance over the past five.
*Oracle slumps, Carmax surges after results. NEW YORK, June 20- U.S. stocks climbed on Friday, lifting the S&P index to a third straight intraday high and its sixth day of gains, with the benchmark index also poised to notch its fourth weekly advance over the past five.
*Oracle slumps in premarket after results. *Carmax surges in premarket after earnings. *Oracle Corp shares were down 6.3 percent to $39.82 before the opening bell after it posted fourth-quarter results that disappointed investors looking for more progress against rivals selling web-based services.
Los Angeles Clippers owner Donald Sterling has been hit with a $2.5 million fine and has been banned for life.
Stocks closed out the week with a big thud Friday, with the Nasdaq narrowly avoiding its worst one-day loss this year as momentum names got crushed for a second day.
April 4- CarMax Inc, the largest used-car seller in the United States, reported lower-than-expected quarterly results, weighed down by tepid sales to subprime customers, indicating that the credit-fueled growth of recent quarters was slowing down.
*Mylan up on report of Meda AB buy. *Boeing considers Mercury Systems acquisition. Biogen Idec Inc fell 4.3 percent to $288.98.
*Mylan up on report of Meda AB buy. *Boeing considers Mercury Systems acquisition. "Overall, people are taking this as a sign there isn't some sort of underlying weakness in the economy," said Kate Warne, investment strategist at Edward Jones in St. Louis.
Some of the names on the move ahead of the open.
U.S. stock index futures ticked higher across the board Friday following the nonfarm payrolls report.
April 4- CarMax Inc, the largest retailer of used cars in the United States, reported a higher quarterly revenue and said it had increased its share buyback program by $1 billion. CarMax, which also sells new cars, said used car sales rose 12 percent to 132,856 in the fourth quarter ended Feb. 28.
April 4- CarMax Inc, the largest retailer of used cars in the United States, reported a 9 percent jump in quarterly revenue as easier availability of credit helped more Americans buy cars. CarMax's net income fell to $99.2 million, or 44 cents per share, in the quarter, from $107.2 million, or 46 cents per share, a year earlier.
Check out which companies are making headlines after the bell Tuesday: Apollo, Wells Fargo, GM & more
Catalysts in the week ahead have the potential to take down the market in a serious way. Really
U.S. stock index futures ticked higher on Friday, with the Dow continuing to break records.
Companies are making headlines before the bell Friday:
Traders are widely divided on what the Fed will do next week, which raises the odds for a volatile market reaction.
The American consumer remains "pretty strong" and that's why Saira Malik—head of global equity research for TIAA-CREF—said she favors two retailers.