Jim Cramer worries that declines in these stocks could lead you to a very wrong conclusion.» Read More
LONDON, June 22- Cristina Stenbeck sounds more like a Silicon Valley entrepreneur than the head of one of Sweden's most venerable family-controlled investment groups, Kinnevik. Stenbeck is one of the most powerful business names in Sweden, heard in the same breath as the Wallenberg family or the Perssons behind fashion giant Hennes& Mauritz.
Cristina Stenbeck sounds more like a Silicon Valley entrepreneur than the head of one of Sweden's most venerable family-controlled investment groups
NEW YORK, June 6- Sears Holdings Corp's controlling shareholder Eddie Lampert met with Ford Motor Co CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said.
Some of Friday's midday movers:
*Apple reportedly close to deal for Beats Electronics. Apple Inc was the biggest drag on both the benchmark S&P index and the Nasdaq 100 on news it is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares lost 1.2 percent to $581.
A weak sales outlook overshadowed strong fourth-quarter and annual earnings at Ralph Lauren, sending shares almost 6 percent lower.
May 9- Ralph Lauren Corp warned on Friday that its efforts to open more stores would erode operating profit margin at the luxury fashion house in the fiscal year through March 2015, and that sales growth would also be slower.
*Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares slipped 0.7 percent to $583.91 while Internet radio provider Pandora Media Inc lost 2.5 percent to $64.52.
U.S. stock index futures pointed to a lower open on Wall Street on Friday, ahead of first quarter results from Liberty Interactive and Ralph Lauren.
May 9- Ralph Lauren Corp said on Friday it expected global revenues to rise between 6 percent and 8 percent in fiscal 2015 but warned its operating margin would decline as it spends money to further build its network of stores. That topped the average Wall Street estimate of $1.83 billion, according to Thomson Reuters I/B/E/S.
The more small cap stocks get scorched, the more problematic some analysts say they could become for big caps.
Testimony from Federal Reserve Chair Janet Yellen and Ukraine are what traders say could most affect markets in the week ahead.
Cramer says there will be plenty of opportunities to make money in the week ahead. But you'll have to stay alert and move fast.
As Instagram tries to make money, it finds itself in some ways competing with its own users for ad dollars.
A new report suggests that future growth for luxury will come from a new consumer. They're called YUMMY's—Young Urban Males.
The sudden death of L'Wren Scott brought to light a concern for the future of labels led by the names branded on their products.
Barclays initiated coverage on the U.S. luxury sector on Monday, saying it's bullish on the category's accessible positioning.
Some of Thursday's midday movers:
U.S. stocks fluctuated on Friday, with the Nasdaq Composite rising for the week.
Amazon may soon feature items from well-known stores such as Lord & Taylor and Neiman Marcus, according to a report by The Wall Street. Journal.