U.S. stock index futures pointed to a higher Wall Street open on Wednesday, ahead of further housing market indicators.» Read More
SALT LAKE CITY— Vail Resorts Inc. is planning to begin building lifts next summer to connect Canyons Resort and its newest acquisition, Park City Mountain Resort.
BROOMFIELD, Colo.— Vail Resorts' fiscal fourth-quarter loss widened partly because expenses rose. Revenue rose 21 percent to $135.5 million from $112.3 million, beating Wall Street's estimate of $128.7 million. For the year, Vail Resorts Inc. earned $28.5 million, or 77 cents per share.
Vail Resorts bought Park City Mountain ski resort for $182 million. CNBC's Jane Wells speaks to Rob Katz, Vail Resorts Chairman and CEO, about the benefit to the community there.
Take a look at some of Friday's midday movers:
NEW YORK, Sept 11- U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.
NEW YORK, Sept 11- U.S. stocks were down slightly in late afternoon trading on Thursday following a decline in biotechnology shares, but gains in financials helped to limit the day's losses. Shares of JPMorgan Chase were up 0.8 percent, while shares of Bank of America were up 1.1 percent, the two biggest positives on the S&P 500..
Vail Resorts on Thursday agreed to buy out Park City Mountain Resort for $182.5 million in cash.
Take a look at some of Thursday's midday movers:
The company that owns the bottom of Park City's most popular ski resort has agreed to pay a $17.5 million bond to maintain access to the top.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Thursday: Diamond Foods, Verifone & more.
Industrials and material stocks were among the day's biggest gainers, while the technology sector ended lower, weighed down by big tech.
Despite a bumper winter, shares of ski resort owner Intrawest have slipped since their IPO in January. That has thrown up a chance to invest.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
The Fed's custody holdings report is usually a sleeper, but this week there was a whopping withdrawal by a central bank. Speculation is it was Russia.
Vail Resorts Chairman & CEO Robert Katz says his resort is still growing 6-8 percent despite the low snowfall in Tahoe.
Stocks tumbled amid concerns events surrounding Ukraine are escalating and China's slowing growth will rub off on the global economy and bite corporate profits.
Companies making headlines after the bell Wednesday:
Wary financial markets are watching the decline in copper, to see if the red metal is acting as a fire alarm for the global economy.
Discussing great weather conditions for his business, and costs to running the resort, with Mike Solimano, Killington Resort president & general manager.