Stocks gained Friday as investors digested the latest hike in bank reserve requirements by China’s central bank and as the G20 meeting of finance ministers began in Paris. Cisco and Caterpillar rose, while Alcoa fell.
Stock index futures traded slightly higher ahead of the open Friday as investors digested the latest hike in bank reserve requirements by China’s central bank and as the G20 meeting of finance ministers got underway in Paris.
Remarkably, Sheen's shenanigans haven't scared away advertisers — the show has been broadcast with a full commercial load and strong pricing every single week.
David Letterman got scooped on his SI Swimsuit cover announcement yesterday when a woman, who says she is in an office building across from the show, took a picture of the billboard of Irina Shayk when the white sheet dropped for the taping of the show.
The entertainment conglomerate reported a profit that blew past Wall Street forecasts, pushed higher by revenue growth at its media networks, studio entertainment unit and amusement parks.
Following on the heels of a slew of media earnings last week, Disney expected to continue the string of news about an advertising rebound when it reports its latest earnings after the bell today.
Retailers such as JCPenney, Target and Walgreens are partnering with magazines like Glamour, PeopleStyleWatch and Modern Bride to leverage their fashion authority to help sell everything from tops to bridal gowns to lipstick.
Strength at Viacom's cable channels wasn't enough to offset declines in home entertainment.
Stocks closed narrowly mixed with the major indices ending above key thresholds as investors focused on troubles in Egypt, shrugged off good job news, and took a breather after the market posted new multi-year highs on Tuesday. Disney rose, while Home Depot fell.
A rebound in advertising and strong performance at News Corp's networks led the media giant to beat expectations. Adjusted earnings came in at 29 cents per share, a penny higher than analysts expected and up from adjusted EPS of 25 cents a year ago.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 2.
Stocks were narrowly mixed ahead of the close, but still remained within a narrow trading range, as investors focused on unrest in Egypt and took a breather after the market posted new multi-year highs on Tuesday. Disney rose, while Home Depot fell.
Time Warner's stock is soaring — now up over 8 percent — on strong fourth quarter results and an upbeat outlook for 2011 that tops Wall Street expectations. Earnings per share grew 22 percent, on eight percent higher revenue, driven by higher advertising, subscriptions and content revenue, especially at its cable networks.
Stocks struggled for direction on Wednesday as clashes between government supporters and protesters in Egypt weighed on the market amid news of a better-than-expected gain in private-sector hiring last month. Merck and BofA fell, while Disney rose.
We're waiting for the locusts to arrive: the financial district was a sheet of ice as I arrived at 7 AM. Halfway around the world, there is a Category 5 cyclone approaching Queensland, Australia. It may be the strongest cyclone to hit Queensland since 1899. Just what they need. This is why commodity stocks like Rito Tinto and BHP Billiton are rallying in Europe.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
With the Middle East in the background, financial markets are turning their attention to Friday's jobs report and other U.S. economic data slated for this week.
Unrest in Egypt has replaced Europe's debt crisis as a flash point for markets, and any unfolding developments there will no doubt affect trading in the week ahead.
CBS stock moved south starting at around 2:15 pm, at one point off as much as 2 percent. It happens that at 2:20pm Eastern TMZ posted a report that Charlie Sheen was rushed to the hospital this morning on a stretcher. Charlie Sheen happens to be the highest-paid actor on television, and the star of the top TV sitcom, CBS' 'Two and a Half Men.'
Netflix has had a dizzying run in the past year - its stock is up over 270 percent. The big question on investors minds: will it maintain its growth and justify its valuation? Netflix reports fourth quarter earnings after the bell and will give its guidance for EPS and revenue for Q1 and the full year 2011.