NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Campbell Soup Co., up $1.54 to $51.33. Palo Alto Networks Inc., up $10.83 to $182.85.» Read More
Nov 23- GameStop Corp, the world's largest retailer of video games and related products, reported lower-than-expected quarterly revenue, hurt by lower sales of new gaming software and hardware. Shares of Gamestop, which also reported a third-quarter profit below analysts' average estimate, fell 17.9 percent to $32.25 in premarket trading on Monday.
GRAPEVINE, Texas— Shares of GameStop slumped 14 percent after the video game retailer's third-quarter revenue and profit numbers were curbed by lower-than-expected sales of new software and hardware, and also some delayed store openings. GameStop reported net income of $55.9 million, or 53 cents a share, compared with $56.4 million, or 50 cents a share, last...
NEW YORK, Nov 23- At some Macy's outlets this holiday season, shoppers who download the retailer's app will be able to use their smart phones to guide them through the store to products they're seeking. Retail purchases by mobile phone have increased by 34 percent in the last year, according to IBM, which estimates that more than 40 percent of the online traffic and...
Underwriters led by Bank of America and Morgan Stanley ended up postponing a $1.5 billion and a 760 million euro loan package to help finance Carlyle Group's leveraged buyout of Veritas, a data storage business. The lending syndicate behind the loan, led by Morgan Stanley, sold it at a lower price than anticipated. Morgan Stanley and Bank of America declined...
Volkswagen told the EPA and the California Air Resources Board the software is on about 85,000 Volkswagen, Audi and Porsche vehicles with 3- liter engines going back to the 2009 model year. VW made the disclosure on Thursday, a day before it submitted plans to the EPA to fix a much larger problem— emissions-cheating software on 482,000 four-cylinder diesel cars.
*Allergan up; unlikely to be hit by tax inversion rule. *Nike jumps on buyback; boosts Dow. The Dow Jones industrial average turned positive for the year, led by a 4.8 percent rise in Nike which announced a $12 billion share buyback and a 2- for-1 share split.
*Allergan rises; biggest influence on S&P. *Nike jumps on buyback; boosts Dow. The Dow Jones industrial average turned positive for the year, led by a 4.6 percent rise in Nike which announced a $12 billion share buyback and a 2- for-1 share split.
*Nike jumps on buyback; biggest boost to Dow, S&P. Nov 20- U.S. stock indexes were higher on Friday, led by Dow component Nike, setting them on track for their best weekly performance since October. Nike's shares jumped 4.8 percent to $131.78 after the company announced a $12 billion share buyback and a 2- for-1 share split.
BEIJING/ HONG KONG, Nov 20- Google, part of Alphabet Inc, aims to launch the China version of its Google Play smartphone app store next year, according to people familiar with the matter, its first major foray in the market since ending localised product support in 2010.. The Google Play app store would be set up specifically for China, and not connected to overseas...
BEIJING/ HONG KONG, Nov 20- Google, part of Alphabet Inc, aims to launch the China version of its Google Play smartphone app store next year, according to people familiar with the matter, its first major foray in the market since ending localized product support in 2010.. The Google Play app store would be set up specifically for China, and not connected to overseas...
SEOUL, South Korea— South Korea is deciding whether it will allow parents to opt out of installing a monitoring app on their children's smartphones following criticism the system encourages a surveillance culture and has security flaws. South Korea enacted a law in April to require mobile companies and parents to install one of about a dozen apps that filter...
Nov 19- Human resources software maker Workday Inc forecast current-quarter revenue that missed analysts' estimates after reporting a bigger net loss for the third quarter. Workday's net loss widened to $77.8 million, or 41 cents per share, in the third quarter ended Oct. 31, from $59.9 million, or 33 cents per share. Workday, whose customers include Coca-Cola Co...
Nov 19- Human resources software maker Workday Inc reported a bigger quarterly net loss, hurt by higher spending on sales, marketing and product development. The company's net loss widened to $77.8 million, or 41 cents per share, in the third quarter ended Oct. 31, from $59.9 million, or 33 cents per share. Revenue rose to $305.3 million from $215.1 million.
*UnitedHealth falls after results, biggest drag on Dow. *Intel rallies after dividend hike. Nov 19- Wall Street wobbled on Thursday as healthcare stocks ended a three-day rally after UnitedHealth cut its profit forecast, offsetting gains in Intel and other technology stocks.
*Best Buy, UnitedHealth fall after results. Nov 19- U.S. indexes wobbled on Thursday as healthcare stocks snapped a three-day rally after UnitedHealth cut its profit forecast, offsetting gains in technology and consumer stocks. Dow component UnitedHealth fell 4 percent to $112.49.
*Best Buy, UnitedHealth fall after results. Nov 19- Wall Street wobbled in early trading on Thursday as healthcare stocks snapped a three-day rally after UnitedHealth cut its profit forecast for the year. Dow component UnitedHealth fell 5.6 percent to $110.73.
*Best Buy, UnitedHealth fall after results. *Keurig Green Mountain, Salesforce up on results. "This week, the bulls are back in control of the market and we've almost recovered, if not on track to recover, all of last week's losses and then some," said Adam Sarhan, chief executive of Sarhan Capital in New York.
*Best Buy's shares were down 8 percent to $28.82 in premarket trading, while J M Smucker was untraded after both reported results. *Dow component UnitedHealth's shares were down 3.8 percent to $112.80 in premarket trading after the health insurer cut its full-year profit forecast. Peers Humana fell 1.2 percent, while Cigna was down half a percent.
PROVIDENCE, R.I.— A Rhode Island House committee looking at the state's $75 million deal with failed video game company 38 Studios has voted to request a subpoena for company founder Curt Schilling. The Oversight Committee voted Thursday to ask House Speaker Nicholas Mattiello to issue the subpoena, compelling Schilling to come before the committee.
Nov 18- Salesforce.com Inc reported a quarterly adjusted profit above market expectations, driven by higher demand for its web-based sales and marketing software. Salesforce raised its revenue forecast for the year ending January 2016, for the fourth time, to $6.64 billion- $6.65 billion from $6.60 billion- $6.63 billion. The company's net loss narrowed to...
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