NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. Yum Brands Inc., up $5.28 at $70.99. FedEx Corp., up $4.41 at $89.99.
Oct 10- Activist investor Clinton Group said it will no longer push for the sale of women's clothing retailer Wet Seal Inc after winning control of the board last week, but will instead focus on turning the company around.
Oct 10- Activist investor Clinton Group said it will no longer push for the sale of women's clothing retailer Wet Seal Inc after winning control of the board last week, but will instead focus on turning the company around.
*Warnaco, VF Corp, PVH Corp likely bidders- source. By Juhi Arora and Siddharth Cavale. Oct 10- Premium jeans maker True Religion Apparel Inc, hit by falling sales after a series of fashion missteps, said it may sell itself after attracting interest from potential buyers.
NEW YORK-- True Religion Apparel's stock soared on Wednesday as investors embraced the clothing company's announcement that it is considering putting itself up for sale. THE ANALYSIS: Dorothy Lakner of Caris& Co. said in a client note that there's been speculation in the past that True Religion might look to sell itself, but believes that this time it's for real.
Oct 10- Activist investor Clinton Group said it will no longer push for a sale of Wet Seal Inc, which it won control of last week, but will instead focus on turning around the women's clothing retailer.
By Juhi Arora and Siddharth Cavale. Oct 10- Premium jeans maker True Religion Apparel Inc, which has been hit by falling sales after a series of fashion missteps, said it may sell itself after receiving interest from potential buyers. Shares of the company jumped as much as 25 percent to $26.25 in early trading on Wednesday, valuing it at about $680 million.
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks dipped on Wednesday as earnings season began with Alcoa forecasting slower demand for aluminum, while a profit warning from Chevron weighed on the energy sector.
By Juhi Arora and Siddharth Cavale. Oct 10- Premium jeans maker True Religion Apparel Inc, which has been hit by falling sales, said it may sell itself after receiving interest from potential buyers. More importantly, we question the relevancy of the brand, particularly given its premium price point, "said analyst Edward Yruma of KayBanc Capital Markets.
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks were set for a slightly lower open on Wednesday as earnings season started with a warning from Alcoa about slower aluminum consumption, underscoring concerns about sluggish worldwide growth.
U.S stock index futures struggled for direction Wednesday amid ongoing worries over the euro zone and jitters about sluggish global growth.