Stocks retreated for a second session Wednesday, with the S&P seeing its biggest loss in nearly five weeks, as the provisional budget deal in Washington raised speculation that the Federal Reserve could pull back on its stimulus program soon.» Read More
*LabCorp tumbles after outlook, Quest Diagnostics follows. NEW YORK, Dec 11- U.S. stocks posted their largest drop in a month on Wednesday as traders locked in recent gains after a provisional budget deal out of Washington removed one of the near-term reasons for the Fed to keep up its current pace of economic stimulus.
*Costco shares drop after profit misses estimates. NEW YORK, Dec 11- U.S. stocks slid on Wednesday after legislators in Washington reached a provisional budget deal, which increased investor expectations that the U.S.
*Costco shares drop after profit misses estimates. NEW YORK, Dec 11- Wall Street fell modestly on Wednesday as investors weighed the possibility of a wind-down of U.S.
Some of the names on the move ahead of the open.
Dec 10- MasterCard Inc, the world's No.2 credit and debit card company, announced a 1- for-10 stock split and raised its quarterly dividend by 83 percent, sending its shares up 3 percent to their life-high in extended trading. MasterCard's shares have gained almost 60 percent this year as more people use cards for transactions across the world.
MasterCard raised its quarterly dividend by 83 percent and announced a new billion-dollar share buyback program. Shares rose in after-hours trade.
Companies that are making headlines after the bell Tuesday:
Dec 10- MasterCard Inc, the world's No.2 credit and debit card company, raised its quarterly dividend by 83 percent and announced a new $3.5 billion share buyback program, sending its shares up 3 percent in extended trading. The company, which also announced a 1- for-10 stock split, raised its quarterly dividend by 50 cents to $1.10 per share.
LONDON, Dec 9- When the Afghan government used mobile phones instead of cash to pay some of its policemen, the officers thought they'd just had a 30 percent pay rise.
Investors and Wall Street strategists who follow retail sales provided Reuters with some guidelines to avoid being confused by the deluge of data. They say that it is best to measure or forecast sales over a three-month period- from November to the end of January- rather than just a few days or a few weeks around Thanksgiving or heading into Christmas.
Think of Black Friday doorbusters as a starting point. Here's how you can save even more.
SAN FRANCISCO, Nov 20- Google Inc will offer a prepaid debit card that will allow consumers to purchase goods at stores and to withdraw cash from ATM machines, the Internet company said on Wednesday.
Nov 7- Wells Fargo& Co, is looking to entice more wealthy customers to use its credit cards as part of a strategy to become a more dominant player in that business, a top executive said on Thursday. Wells Fargo aims to grow market share over the next 18 months through a recently announced partnership with American Express Co, he added.
The U.S. is synonymous with technical innovation but is way behind other countries in using smartphones for payment.
We pay attention to downsize risks, says Chuck De Lardemelle, International Value Advisers, explaining why he thinks buying shares of DeVry is a smart bet.
David Dietze, President & Chief Investment Strategist at Point View Wealth Management tells us why he likes AIG.
Thursday's midday movers
CNBC's Melissa Lee, Dominic Chu and Stephanie Link dissect the numbers on Avon, Oshkosk, Visa and Mastercard.
Oct 31- MasterCard Inc, the world's No.2 credit and debit card company, reported a 14 percent rise in quarterly profit as more people across the world used plastic instead of cash. MasterCard and larger rival Visa Inc have been trying to capture new business in emerging markets, where cash payments still dominate but use of cards is growing at a fast pace.
MasterCard reported earnings that topped expectations, a day after larger rival Visa posted lower profit, mainly due to a tax provision.