U.S. stocks closed narrowly mixed as investors remained wary of climbing bond yields and the lack of a strong second-quarter rebound in the economy.» Read More
CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in a nationalization claim against Venezuela, though a lawyer for the South American country said it was likely to seek an annulment. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world...
CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in an arbitration claim against Venezuela for the nationalization of its subsidiary's operations in 2010.. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world or find alternative...
Some of Thursday's midday movers:
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Companies making headlines after the bell Tuesday:
Since the Dow Jones Industrial Average's recent low on November 15, 2012, the 12 stocks pulled from the blue chip index since 1999 have outperformed the Dow even with new highs.
The Dow is up 20 percent since the recent low on Nov. 15, but 12 stocks that have been kicked out of the index over the years are up an average of 30 percent.
With three out of five major U.S. companies missing revenue forecasts, a lot of fingers are pointed at European weakness.
The earnings train is about to leave the station, with reports due Tuesday from three Dow components, some transportation names and Apple.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
The "Fast Money" traders share their final trades of the day.
Owens-Illinois Inc. is investigating potential bribery at its operations overseas, according to a document filed with the U.S. Securities and Exchange Commission on Friday. Owens-Illinois said it disclosed the probe to the U.S. Department of Justice and the SEC this month.
PERRYSBURG, Ohio-- Owens-Illinois reported a 28 percent drop in quarterly net income on Wednesday, as the economic slowdown in Europe weighed on the company's results. Sales fell 7 percent to $1.74 billion, compared with $1.86 billion in the same quarter of 2011. Sales to Europe sank 15 percent to $652 million compared with the year before.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Avon Products Inc., up $1.17 at $17.39. Constellation Brands Inc., up $1.48 at $36.20.
*Goldman Sachs raises Owens Illinois to buy from neutral. *Goldman Sachs cuts MeadWestvaco to neutral from buy. Reuters Station users, click. 1568.
Take a look at some of Fridays morning movers.
NEW YORK-- Shares of Owens-Illinois gained 5 percent on Friday as a Goldman Sachs analyst boosted the glass container company's rating and price target, citing a recent change to its capital allocation strategy. THE SPARK: Alex Ovshey raised Owens-Illinois Inc. to "Buy" from "Neutral" and increased its 12- month price target to $28 from $20.
From the entire S&P 500, which stocks are analysts expecting to have the biggest pops? Find out!
Take a look at some of Thursday's morning movers.
Check out which companies are making headlines after-the-bell Wednesday: