Some of the names on the move ahead of the open.» Read More
Some of the names on the move ahead of the open.
NEW YORK-- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:. Murphy Oil Corp., up $4.74 at $63.74. Murphy Oil is spinning off its retail gasoline business into a separate company to focus on oil exploration and production.
Among the stock activity stories for Tuesday, Oct. 16, from AP Business News:. _ Shares of WD-40 Co. fell after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.
BOSTON-- Shares of WD-40 Co. tumbled on Tuesday after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.
SAN DIEGO-- WD-40 Co. said its fiscal fourth-quarter profit dropped 11.9 percent because sales in Europe slipped as customers delayed buying its lubricant and cleaning products. WD-40 makes its namesake spray lubricant, along with related cleaning products. WD-40 gets more than half of its sales in the Americas, and about one-third from Europe.
Take a look at some of Tuesday’s morning movers:
Check out which companies are making headlines after the bell Monday:
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Despite a "choppy" economy, WD-40 continues to hire and invest as its expands globally, CEO Garry Ridge told CNBC Friday.
We Americans have a long history of standing by our products.
As more and more steps of the manufacturing process are outsourced to other countries, American products are harder to find, and often more expensive to purchase. Can "Made in America" survive in a global economy?
WD-40 was founded in San Diego in 1953. With a staff of three, the company set out to create a line of rust-prevention solvents and degreasers the aerospace industry. Now half of the company’s business is outside of the US.
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The CEO of WD-40 says, "There's a lot squeaks in China and a lot of rust in Russia. We're the boys and girls to look after that. We have to take off our tunnel vision if we want to be global."
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