Some of the names on the move ahead of the open.» Read More
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.
*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.
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.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co stripped Chief Executive Mike Jeffries of his chairman duties, bowing to investor pressure to reduce his control over the struggling company.
Retailers responded to weakness last year with deep discounts and promotions. Still, the softness is creeping into January.
Growth in the region had driven the company's sales growth in the past year amid sluggish sales in the Americas. The company, known for its blue boxes and its Fifth Avenue flagship store in Manhattan, reported a 7 percent rise in same-store sales in the Americas for the holiday shopping season ended Dec. 31.
Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.
Jan 10- U.S. jeweler Tiffany& Co reported a 6 percent jump in sales at stores open at least a year during the holiday shopping period, helped by strong demand in America. Lower-end peer Zale Corp reported a 2 percent rise in comparable-store sales for the same period, driven by higher sales at its Zales Jewelers and Zales Outlet stores.
Fewer store visits and aggressive pricing at the start of the season by big retailers like Amazon.com Inc and Wal-Mart Stores Inc left many chains with little choice but to offer sweeter deals this holiday season. Those bargains led many chains, including L Brands, Family Dollar Stores Inc and teen retailer Zumiez Inc, to slash their profit forecasts.