Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.» Read More
Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.
NEW YORK, May 10- The yen slid to a 4-1/ 2- year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labor market added to bullish sentiment on the dollar. The fall in oil was intensified by rising supplies and doubts over the strength of China's economy. "
Priceline.com's international prospects drove the stock higher Friday and overseas expansion will be a key focus of investment for the company, CEO Jeffery Boyd tells CNBC.
Jeffery Boyd, Priceline.com president and CEO, defends his company's business model to grow and improve the performance of its brand.
Priceline.com Inc.' s shares rose Friday after the travel website operator said that its first-quarter profit and revenue came in ahead of market expectations. THE SPARK: Priceline reported after the market closed Thursday that it earned $244.3 million, or $4.76 per share, for the quarter compared with $181.8 million or $3.54 per share, last year.
NEW YORK, May 10- The yen on Friday slid to its lowest against the dollar since October 2008 as its decisive break through the 100- yen mark triggered a sell-off in U.S. and German bonds, along with a sharp fall in crude oil. Equities on Wall Street and in Europe were higher, but a measure of global equity markets was lower.
NEW YORK, May 10- The yen on Friday slid to its lowest against the dollar since October 2008 as its decisive break through the 100 yen mark triggered a drop in the price of safe-haven U.S. and German bonds. Wall Street opened mostly higher, following a rise in European equities, but a measure of global equity markets was lower.
*Nasdaq rises after results from Priceline, Nvidia. "We're getting more constructive on the second half of the year as both the market and the economy are picking up," said Terry DuFrene, investment specialist for JP Morgan Private Bank in New Orleans. "
Tom White, Macquarie Research analyst, explains why he is overall "optimistic" about the internet travel company's growth prospects.
*Boeing may be able to boost Q4 deliveries of 787 s. NEW YORK, May 10- U.S. stock index futures pointed to a flat open on Friday, though indexes remained on track for a firm finish to the week, which repeatedly saw the indexes scaling new highs.
U.S. stock index futures pointed to a higher open on Friday as the global risk-on rally regained strength in early trade in Asia and Europe.
*Boeing may be able to boost Q4 deliveries of 787 s. NEW YORK, May 10- U.S. stock index futures edged higher on Friday as the market's recent momentum returned, putting equities on track for a strong week that repeatedly took indexes to record highs.
The online travel site reported profits of $5.76 a share on revenues of $1.30 billion. Mark Mahaney, RBC Capital Markets analyst, breaks down the numbers and provides an outlook on the company's growth.
NORWALK, Conn.-- Travel website operator Priceline.com Inc. said Thursday that its first-quarter net income increased on improved hotel and international business during the period. Net income was $244.3 million, or $4.76 per share, for the quarter compared with $181.8 million or $3.54 per share, last year. Revenue increased to $1.3 billion from $1.04 billion.
Stocks closed lower Thursday, after the Dow and S&P 500 briefly touched fresh all-time highs. Meanwhile, the U.S. dollar rose above the key threshold of 100 yen for the first time since April 2009.
Check out which companies are making headlines after the bell Thursday:
CNBC's Josh Lipton offers a breakdown of Priceline earnings.
Priceline reported quarterly earnings on Thursday that topped analysts' expectations, but lighter-than-expected second quarter guidance caused shares to slide slightly after-hours.
May 9- Orbitz Worldwide Inc., the online travel agency, reported a quarterly profit on Thursday and forecast revenue for the current quarter above Wall Street's estimates, sending its shares up 23 percent above their high for the year.
U.S. stock market index futures pared their losses Thursday, following a better-than-expected jobless claims report, but gains were limited following the recent market rally that propelled the Dow and S&P 500 to fresh all-time highs.