Looking at other global blockbusters and bullish developments since those movie releases, Stifel analyst Mogil raised his price target on Disney.» Read More
*U.S., Chinese factory figures drag down Wall Street. TOKYO, Aug 4- Asian shares edged lower on Tuesday after downbeat economic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan's...
LONDON- Bank of England announces interest rate decision- 1100 GMT. LONDON- Bank of England will release the minutes from its August policy meeting- 1100 GMT. LONDON- Bank of England to release inflation report- 1100 GMT.
NEW YORK— A federal judge has turned down an extradition request from Poland for a Russian art dealer living in New York. Judge Jed Rakoff Monday rejected the request to extradite Alexander Khochinskiy. He faces charges in Poland accusing him of refusing to turn over an 18th- century painting taken from a Polish museum by the Nazis during World War II.
NEW YORK, Aug 3- PetroChina Co on Monday won the dismissal of a U.S. class-action lawsuit arising from an alleged bribery scheme at China's state-run oil company. District Judge Edgardo Ramos in Manhattan dismissed claims by PetroChina investors who accused the company and various officials, including former Chairman Jiang Jiemin, of deceiving them about its...
Aug 3- Solar and wind energy in the United States is likely to have a secure future thanks to President Barack Obama's plan to cut carbon emissions by forcing utilities to use renewable sources to produce electricity, the industry said on Monday. "The manufacturers will keep investing if we can look forward and say over the next five-plus years we're going to see...
THOROFARE, N.J. _ Checkpoint Systems Inc. on Monday reported a second-quarter loss of $5.4 million, after reporting a profit in the same period a year earlier. Checkpoint expects full-year earnings in the range of 40 cents to 50 cents per share, with revenue in the range of $575 million to $625 million. Keywords: Checkpoint Systems, Earnings Report.
CHICAGO— Toy-maker Ty Inc. has created a "Cecil the Lion" Beanie Baby to raise funds for animal conservation efforts. Ty Inc. CEO Ty Warner said Monday the company, based in the Chicago suburb of Westmont, hopes the Beanie Baby will raise awareness for animal conservation and "give comfort to all saddened by the loss of Cecil." Ty said all profits from "Cecil the Lion"...
CARMEL, Ind. _ KAR Auction Services Inc. on Monday reported second-quarter earnings of $59.5 million. KAR Auction Services expects full-year earnings in the range of $1.62 to $1.77 per share. KAR Auction Services shares have increased 13 percent since the beginning of the year.
NEW YORK _ Rouse Properties Inc. on Monday reported a key measure of profitability in its second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 40 cents per share. Rouse Properties expects full-year funds from operations to be $1.74 to $1.78 per share.
NEW YORK— Shares of MedAssets jumped in aftermarket trading Monday after activist investment firm Starboard Value LP said it had taken a stake in the health care company. Starboard said it believes MedAssets Inc. could boost its share price by cutting expenses, making better capital spending decisions and improving its corporate governance, and said...
DALLAS _ Alon USA Energy Inc. on Monday reported second-quarter net income of $36.4 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Alon USA Energy shares have risen 46 percent since the beginning of the year.
HOLLYFRONTIER TO RESUME NORMAL OPERATIONS AFTER KANSAS. Aug 3- HollyFrontier Corp said its 138,000- barrel-per-day refinery in El Dorado, Kansas, is working to return the plant to normal operations after a partial power loss on Monday afternoon. "Power has been fully restored to the plant," the company said in an email.
DALLAS _ Eagle Materials Inc. on Monday reported fiscal first-quarter profit of $37.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. Eagle Materials shares have dropped almost 1 percent since the beginning of the year.
There's no correlation between crude oil and the S&P 500 right now but there has been at times in the past, said John Kosar of Asbury Research.
ELK GROVE VILLAGE, Ill. _ Atlas Financial Holdings Inc. on Monday reported second-quarter earnings of $3.9 million. Atlas Financial shares have risen 15 percent since the beginning of the year. Keywords: Atlas Financial, Earnings Report.
FLINT, Mich. _ Diplomat Pharmacy Inc. on Monday reported second-quarter earnings of $3.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. Diplomat Pharmaceuticals expects full-year earnings in the range of 56 cents to 60 cents per share, with revenue in the range of $3.2 billion to $3.4...
BIRMINGHAM, Ala. _ Vulcan Materials Co. on Monday reported second-quarter net income of $48.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 66 cents per share. Three analysts surveyed by Zacks expected $864.8 million.
AUSTIN, Texas _ Luminex Corp. on Monday reported second-quarter earnings of $2.6 million. For the current quarter ending in September, Luminex said it expects revenue in the range of $56 million to $58 million. Luminex shares have decreased almost 8 percent since the beginning of the year.
BRENTWOOD, Tenn. _ Delek US Holdings Inc. on Monday reported second-quarter profit of $48.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share. Delek US Holdings shares have increased 28 percent since the beginning of the year.
EDEN PRAIRIE, Minn. _ MTS Systems Corp. on Monday reported fiscal third-quarter net income of $10.8 million. MTS expects full-year earnings to be $3 to $3.20 per share, with revenue in the range of $565 million to $580 million. Keywords: MTS Systems, Earnings Report.