Check out which companies are making headlines after the bell Tuesday: Workday, Wet Seal, Cerner & more» Read More
*Clinton says Wet Seal backtracked on board control deal. *Wet Seal says company needs experience of current directors.
NEW YORK-- The Clinton Group Inc., which is in a proxy fight with Wet Seal Inc., said Wednesday that the retailer has reneged on an offer to give up majority control of its board. However the Clinton Group said that Wet Seal's banker contacted the firm on Tuesday and said "It appears you have won".
Oct 3- Activist investor Clinton Group, which is engaged in a proxy battle with Wet Seal Inc, on Wednesday claimed that the retailer backtracked on an offer to give it majority control of the board.
FOOTHILL RANCH, Calif.-- The Wet Seal Inc. said Tuesday that revenue from its stores open at least a year fell nearly 13 percent for September. Wet Seal said this measure fell 12.6 percent at its namesake stores, which target teenagers, and fell 13.6 percent at its Arden B stores for young women during the five-week period that ended Sept. 29.
Oct 1- Wet Seal Inc:. *The Wet Seal Inc issues letter to shareholders. recent day trading of Wet Seal shares.
Take a look at some of Friday’s morning movers:
Stocks closed lower in thin trading Thursday after a round of interest rate cuts by major central banks and as investors remained cautious ahead of Friday’s key government jobs report.
Retailers reported largely disappointing sales in June, as consumers pulled back on spending amid concerns about jobs and the economy.
Futures turned negative again in choppy pre-market trading Thursday as grim comments from ECB President Mario Draghi weighed on sentiment and even trumped a pair of better-than-expected employment reports.
Stocks closed lower Thursday with all three major averages logging their worst May since 2010, driven by mounting concerns over the euro zone debt crisis in addition to worries over a slowing U.S. economy.
Despite a late Mother's Day, the early monthly sales reports from retailers are suggesting most retailers posted modest sales gains in May.
U.S. stock index futures pared their early Thursday following a pair of weak jobs data and after news the economy grew at a slower pace than expected.
Check out which companies are making headlines after-the-bell Tuesday:
Stocks finished in negative territory Thursday, with the S&P falling below its key 1400 milestone, weighed down by a weak ISM non-manufacturing report and as investors stayed cautious ahead of Friday's government jobs data.
U.S. stock index futures climbed Thursday, boosted by a better-than-expected jobless claims report.
Retailers from discounter Target to department-store chain Macy's reported better-than-expected sales in March in the latest sign that Americans are feeling better about the economy.
Over dinner last night with several managing directors for a large equity desk, the first topic of conversation was not, “What's going to happen after the NYSE-Deutsche Boerse merger gets turned down?” It was, “What the hell is going on with this lousy volume? My desk is dead.”
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Students may be back in the classroom, but the back-to-school shopping season has not winded down yet. It comes as more and more parents do their shopping in piecemeal. The late trips to the mall may be a function of the struggling economy, but not all of it.
Stocks plunged sharply Thursday, with the Dow down more than 500 points, in its worst one-day decline since December 2008. All three major averages tumbled into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report.