Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.» Read More
NEW YORK-- Zynga Inc.' s battered stock got a boost in premarket trading Thursday after the social gaming company's third-quarter results may have given some investors hope that it will be able to revive growth. Zynga's shares rose 31 cents, or 15 percent, to $2.44 before the stock market opened.
NEW YORK-- Shares of Crocs Inc. slid in premarket trading Thursday, a day after the shoe company issued disappointing guidance for the fourth quarter. The Niwot, Colo., company said late Wednesday it earned 49 cents per share in the third quarter, beating the average analyst estimate by 6 cents.
Emergency authorities in Texas City lifted the shelter-in-place order shortly after 5 a.m. Thursday in a storage tank spill involving hydrochloric acid. Diane Tracy with the Dallas Group of America Inc. says company officials are investigating Wednesday night's accident.
RICHMOND, Va.-- Dominion Resources says its third-quarter net income tumbled nearly 47 percent because of costs related to the permanent shutdown of one of its nuclear power stations and plant outages.
LONDON-- Carmaker Ford announced Thursday it will cut 1,500 jobs in Britain, closing a plant and eliminating a stamping and tooling facility, as it warned that losses in Europe will exceed $1.5 billion this year. Ford Motor Co., which on Wednesday announced the closure of another plant in Brussels, is struggling in Europe, as are many major carmakers.
BEIJING, Oct 25- Wal-Mart Stores Inc has given global suppliers five years to comply with its environmental rules or risk being pushed off U.S. shelves at the world's largest retailer, expanding a sustainability campaign launched in 2009..
CINCINNATI-- Procter& Gamble said Thursday that its fiscal first quarter net income fell 7 percent, as costs related to restructuring and the stronger dollar weighed on results. But the world's largest consumer products maker's adjusted results beat expectations on Wall Street, as it cut costs, made market share gains and commodity costs eased.
WARSAW, Ind.-- Zimmer Holdings Inc. said Thursday its net income fell 7 percent in the third quarter on lower sales of hip and knee implants. The company lowered the top end of its annual net income guidance, saying it now expects to adjusted profit between $5.25 and $5.30 per share, rather than $5.25 to $5.35 per share.
BALTIMORE-- Under Armour said Thursday that its net income climbed 25 percent in the third quarter, with the athletic clothing maker saying that new products are helping fuel demand for its merchandise. Under Armour Inc. earned $57.3 million, or 54 cents per share, for the three months ended Sept. 30.
LONDON, Oct 25- Ford will announce on Thursday that it is closing its van factory at Southampton, ending more than a century of vehicle production by the company in Britain, trade unionists and a source close to the U.S. car maker said.
Here is a summary of earnings reports from United Continental Holdings Corp., Delta Air Lines Inc., US Airways Group Inc., AMR Corp., parent of American Airlines, and Southwest Airlines Co.. United Continental's profit shrunk to $6 million from $653 million a year ago.
LONDON, Oct 25- German government bonds slipped on Thursday, pulled down by falls in UK gilts on signs of economic recovery and in U.S. Euro zone bond markets were still mostly at an impasse however, limiting moves, as they waited for a signal on when Spain may ask for financial aid-- a requirement if the European Central Bank is to buy its bonds.
LONDON, Oct 25- The dollar hit a four-month high against the yen on Thursday as expectations of more monetary easing from the Bank of Japan kept the Japanese currency under broad pressure. The euro also rose against the yen, helped by European Central Bank President Mario Draghi's robust defence of his bond-buying plan before German lawmakers.
By early afternoon in Europe, benchmark crude for December delivery was up 96 cents to $86.69 a barrel in electronic trading on the New York Mercantile Exchange. "The release of the weekly EIA oil inventories report surprised the markets, raising serious concerns about the levels of the oil demand," said a report from Sucden Financial Research in London.
WASHINGTON-- Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring. The Labor Department said Thursday that unemployment benefit applications dropped by 23,000, from a revised 392,000 the previous week.
WASHINGTON-- Orders for long-lasting U.S. manufactured goods surged in September by the largest amount in nearly three years, reflecting a rebound in aircraft orders. But a key category that tracks business investment showed weakness for a fourth straight month, indicating companies remain uncertain about the future.
SEATTLE-- Alaska Airlines' parent company more than doubled third-quarter profit as traffic grew and its planes were fuller. Alaska Air Group Inc. said Thursday that net income rose to $163.4 million, or $2.27 per share, compared with $77.5 million, or $1.06 per share, a year ago. The figures include Alaska Airlines and Horizon Air.
LONDON, Oct 25- An Iranian partner of Huawei Technologies Co Ltd, a Chinese company that has denied breaking U.S. sanctions, last year tried to sell embargoed American antenna equipment to an Iranian firm, according to documents and interviews.
FORT WORTH, Texas-- Cash America, a pawn shop and payday lender, on Thursday reported a big drop in earnings but still beat Wall Street's expectations for the third quarter. Cash America International Inc. makes money from loans to consumers, from service fees and from selling jewelry, electronics and other goods in its pawn shops.
The new charge is for Floyd Lee Corkins II, who was arrested in August and charged with opening fire inside the lobby of the Family Research Council building in downtown Washington.