Check out which companies are making headlines after the bell Tuesday: Workday, Wet Seal, Cerner & more» Read More
May 30- Three funds that voted against or did not vote for Zale Corp's merger with rival Signet Jewelers Ltd plan to seek an independent valuation of their shares from a judge, the Wall Street Journal reported, citing people familiar with the matter.
May 9- Zale Corp shareholder TIG Advisors LLC opposed the jeweler's proposed merger with Signet Jewelers Ltd, calling the $21 million offer inadequate and unfair to Zale stockholders. Zale shares rose as much as 4.2 percent to $22.08 on the New York Stock Exchange in late trading on Friday.
March 27- Signet Jewelers Ltd, the owner of the Kay Jewelers chain, on Thursday forecast more growth in same-store sales this new fiscal year, helped by its push into branded, exclusive jewelry.
*Facebook shares fall after the bell on purchase of WhatsApp. NEW YORK, Feb 19- U.S. stocks slid on Wednesday in a late selloff after minutes of the U.S. "I think the rally that we've seen off the 1,750 low was largely driven by the sense the Fed is going to slow down their retracement if it's necessary," said Uri Landesman, president of Platinum Partners in New York.
NEW YORK, Feb 19- U.S. stocks slid on Wednesday in a late selloff after minutes of the U.S.
Stocks finished near session lows in volatile trading Wednesday, with the Nasdaq snapping an eight-day winning streak, as investors digested minutes from the Fed's latest policy meeting.
*U.S. housing starts, permits tumble in January. NEW YORK, Feb 19- U.S. stocks edged lower on Wednesday with the S&P 500 facing technical resistance near its record high, while economic data continued to be blurred by extreme weather. Goldman Sachs lowered its first-quarter growth estimate by a tenth of a percentage point to a 1.8 percent annual rate.
*Deal would mean big payday for Zale shareholder Golden Gate Capital. Feb 19- Signet Jewelers Ltd is buying smaller rival Zale Corp for about $690 million, an acquisition it said would strengthen its place in the U.S. jewelry sector and let it tap new markets. The price of $21 per share is a 41 percent premium over Zale's close on the New York Stock Exchange on Tuesday.
*Fed minutes due at 2:00 p.m. EST. NEW YORK, Feb 19- U.S. stocks declined on Wednesday in midday trading as the S&P 500 faced a technical resistance level after a recent string of gains and investors turned cautious ahead of the release of the minutes from the Federal Reserve's latest policy meeting.
NEW YORK, Feb 19- U.S. stocks were mixed on Wednesday amid caution ahead of the release of minutes from the Federal Reserve's most recent policy meeting, and as investors brushed off weak housing data. The Dow Jones industrial average index rebounded after underperforming the broader market in the previous session, led by gains in Chevron and American Express.
Wall Street continues to believe that the weather is the primary reason for the slowdown, and this will change soon.
Feb 19- Signet Jewelers Ltd on Wednesday said it would buy smaller rival Zale Corp for about $690 million in a deal that would strengthen its hold on the U.S. specialty jewelry sector and let it tap new markets. That is a premium of about 41 percent to Zale's close on the New York Stock Exchange on Tuesday.
CNBC's David Faber reports Signet has agreed to purchase Zale Corporation for $21 a share in cash.
NEW YORK, Feb 19- Wall Street was set to open lower on Wednesday amid caution ahead of the release of minutes from the Federal Reserve's most recent policy meeting, even as investors brushed off weak housing data.
*Signet offers $21 per Zale share, premium of about 41 pct to Tuesday close. Feb 19- Kay Jewelers parent Signet Jewelers Ltd agreed to buy smaller rival Zale Corp for about $690 million, cementing its position as the largest North American jewelry chain. Zale has six retail brands, including Zale's and Peoples, and operates around 1,700 stores in North America.
Some of the names on the move ahead of the open.
Signet Jewelers said it would acquire smaller rival Zale for $21 per share in cash, valuing the jeweler at about $690 million.
Feb 19- Kay Jewelers parent Signet Jewelers Ltd said it would acquire smaller rival Zale Corp for $21 per share in cash, valuing the mid-tier jeweler at about $690 million.
Retailers responded to weakness last year with deep discounts and promotions. Still, the softness is creeping into January.
Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.