Best Buy has a new tactic that Brian Sozzi says could be good news for sales. Plus, get ready: The Dyson robots are coming.» Read More
NEW YORK— Online crafts retailer Etsy says it expects to raise as much as $267 million from an initial public offering values the company at up to $1.78 billion. The New York company says its IPO will include 16.7 million shares, and it expects them to price at $14 to $16 each. The main sellers are venture capitalists James Breyer of Accel Partners and Fred Wilson of...
NEW YORK— IBM is investing $3 billion to build an "Internet of Things" division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using it to help companies better manage their businesses. IBM estimates that 90 percent of all data generated by mobile and "smart" devices is never analyzed.
NEW YORK— Scholastic reported a wider fiscal third-quarter loss than a year ago, even as the popularity of its Minecraft video game guides and other children's books helped lift revenue. The New York company reported a loss of $22.1 million, or 68 cents per share, compared with a loss of $12.1 million, or 38 cents per share, in the same period a year ago.
NEW YORK— Shares of Tiffany& Co. fell in morning trading Friday as the luxury jeweler warned of a challenging year ahead. That narrowly topped the $1.50 per share average estimate of 14 analysts surveyed by Zacks Investment Research. Eleven analysts surveyed by Zacks expected $1.3 billion.
NEW YORK _ New York& Co. on Thursday reported a fiscal fourth-quarter loss of $6.7 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. Four analysts surveyed by Zacks expected $267 million.
LOS ANGELES— American Express is preparing to launch a customer loyalty program in the U.S. that will enable shoppers at select retailers rack up points that they can use toward future purchases at Macy's, Exxon Mobil, AT&T and other participating companies. The free program, set to debut in May, is dubbed Plenti and will also include Nationwide, Rite Aid, Direct...
Feb 5- Pfizer Inc said it would buy Hospira Inc for about $15 billion to boost its portfolio of generic injectable drugs and copies of biotech medicines. Pfizer offered $90 per share in cash, a 39 percent premium to Hospira's closing stock price on Wednesday. Hospira shares soared 35 percent to nearly $88 on Thursday, while Pfizer was up 2.7 percent at $32.93.
The handbag, accessories and footwear company earned $183.5 million, or 66 cents per share, for the period ended Dec. 27.
Time Warner Cable's fourth-quarter profit climbed as it added a record number of subscribers, but its adjusted results missed analysts' estimates.
Tiffany cut its full-year profit outlook, hurt by a stronger U.S. dollar and some weakness in the Americas and Japan.
Take a look at some of Friday's midday movers: Aeropostale, Hewlett-Packard & more.
It's hard to drown out all the negative noise coming from the retail sector this year, but not everyone had a bad holiday.
Check out which companies are making headlines after the bell Thursday:
NEW YORK-- Hess Corp. nearly doubled its third quarter profits as the company resumed operations in Libya and ramped up production in giant Bakken shale play. The New York company breezed past Wall Street expectations and shares rose 4 percent in early trading.
NEW YORK-- HMS Holdings Corp.' s shares shed nearly a quarter of their value Friday after the medical information company said its third-quarter earnings dropped 27 percent on higher costs. The New York company earned $10.5 million, or 12 cents per share, in the three months that ended Sept. 30.
NEW YORK-- Travelzoo's third-quarter net income fell 42 percent due to declining sales on its airline search site.
NEW YORK-- Blackstone Group LP said Thursday that it returned to a profit in the third quarter as fees jumped. The New York company reported net income of $128.8 million, or 24 cents per common union, in the July-September quarter, compared with a loss of $274.6 million, or 56 cents per unit, a year earlier.
Travelers Cos. said Thursday that its net income jumped to $864 million, or $2.21 per share, for the three months ended Sept. 30. That compares with net income of $333 million, or 79 cents per share, in the same period last year. Investors sent shares in the New York company up $2.45, or 3.4 percent, to $73.83 in afternoon trading.
LOS ANGELES-- American Express Co. said Wednesday that its net income rose 1 percent in the third quarter, aided by lower expenses and increased spending by the credit card issuer's customers. In the second quarter, American Express' revenue grew 5 percent from a year earlier.
NEW YORK-- Advertising and marketing company Omnicom Group Inc. reported nearly flat earnings and revenue compared with a year earlier, as U.S. revenue grew but international revenue declined. Omnicom had fewer outstanding shares in the latest quarter, which increases earnings per share. He rates Omnicom "Hold" with a target price of $45.