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  • Shares of the largest U.S. supermarket operator fell 5.4 percent to $38.40 in premarket trading on Thursday. Kroger's total sales rose 3.8 percent to $26.17 billion, but came in below the average analyst estimate of $26.29 billion, according to Thomson Reuters I/B/E/S. Net income attributable to Kroger rose to $559 million, or 57 cents per share, in the fourth...

  • NEW YORK, March 2- A late bounce on Wall Street, backed by a rise in oil prices, helped propel a measure of global equity markets to its highest in nearly two months on Wednesday. The march upward by oil likely shows selling in the commodity has "washed out," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago. Oil production has hit record levels and...

  • March 2- Energy and bank stocks led Wall Street higher on Wednesday, adding to a rally in the previous session, after strong jobs data dispelled concerns over the health of the U.S. economy. "I've been encouraged by the economic numbers," said Gary Bradshaw, portfolio manager of Hodges Capital Management in Dallas, citing jobs and manufacturing data.

  • NEW YORK, March 2- U.S. "Between yesterday and today's data one thing that's coming across is that the U.S. economy isn't as bad as markets have been pricing in and things are actually getting better," said Cheng Chen, interest rates strategist at TD Securities in New York. "The ADP adds to beliefs the job market is OK and that was one of the fundamental factors behind the...

  • March 2- Stocks were slightly higher on Wall Street on Wednesday as gains in energy and banks buoyed the S&P 500.. "I've been encouraged by the economic numbers," said Gary Bradshaw, portfolio manager of Hodges Capital Management in Dallas, citing jobs and manufacturing data. Crude prices hovered in and out of negative territory with U.S. crude reaching $35.17 at...

  • *Europe stocks eye longest winning streak in five months. NEW YORK, March 2- A measure of global equity markets on Wednesday rose to the highest in nearly two months, pushed upward by positive U.S. economic data that was complemented by stimulus measures in China and expected easing in Europe. "We've seen some signs of strength in the economy," said Peter Jankovskis,...

  • March 2- Wall Street was slightly lower in muted trading on Wednesday as a fall in materials stocks offset gains in energy shares, a day after all three major indexes recorded their best day in more than a month. The report by payrolls processor ADP serves as a precursor to the more comprehensive monthly jobs report by the U.S. Labor Department on Friday.

  • March 2- Wall Street was little changed on Wednesday as gains in energy stocks were offset by declines in utilities and materials. The report serves as a precursor to the more comprehensive monthly jobs report by the U.S. Labor Department on Friday. "We're in a holding pattern until Friday, when we get the payrolls number," said Jeff Kravetz, regional investment...

  • NEW YORK, March 2- U.S. "The ADP adds to beliefs the job market is OK and that was one of the fundamental factors behind the FOMC decision to start to normalize," Kim Rupert, managing director of global fixed income at Action Economics in San Francisco, told Reuters in the Global Markets Forum. The Federal Open Market Committee, the U.S. central bank's policy-setting...

  • March 2- Wall Street edged lower on Wednesday as oil prices slipped after data showed U.S. crude stockpiles touched record highs. U.S. crude fell about 1 percent after a report from the American Petroleum Institute showed that an increase in crude stockpiles was way above estimates. Wall Street closed sharply higher on Tuesday, helping the S&P 500 claw back most...

  • SINGAPORE, March 2- Gold dipped for a second session on Wednesday as global equities and the dollar rose after strong U.S. manufacturing data that rekindled speculation of a Federal Reserve interest rate hike this year. *Spot gold slipped 0.2 percent to $1,230 an ounce by 0053 GMT, after dropping 0.5 percent in the previous session. *Upbeat U.S. manufacturing data...

  • TOKYO, March 2- U.S. crude futures fell more than 1 percent on Wednesday, nearly erasing the gains in the previous session, weighed by industry data showing a huge build in U.S. crude stockpiles already at record high levels. *NYMEX crude for April delivery was down 51 cents at $33.89 a barrel by 2341 GMT, after settling up 65 cents at $34.40 on Tuesday in line with strong...

  • TOKYO, March 2- Asian shares look set to test February highs on Wednesday as signs of recovery in the U.S. manufacturing sector and gains in oil prices eased worries about a global slowdown and pushed U.S. stocks sharply higher. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent in early trade, coming within striking distance of last...

  • NEW YORK, March 1- Upbeat U.S. manufacturing data and another jump in oil prices on Tuesday pushed a leading gauge of global stocks to its highest in nearly two months. U.S. construction spending rose to the highest level since October 2007 and a measure of the U.S. manufacturing sector outpaced analysts' expectations across the board. "If the manufacturing sector...

  • March 1- "FarmVille" game maker Zynga Inc appointed former veteran Electronic Arts Inc executive Frank Gibeau as its chief executive, at a time when the company is looking at mobile gaming to boost growth. Shares of Zynga, which also said founder Mark Pincus would be executive chairman, were up about 6.5 percent in extended trading on Tuesday.

  • NEW YORK, March 1- U.S. "This is a very encouraging report and it suggests that there are signs of stabilization in manufacturing and you're seeing higher yields, especially in the long end because of that," said Tom Simons, money market strategist at Jefferies& Co in New York. Treasury prices were also weighed down by weak manufacturing data out of China and Europe,...

  • NEW YORK, March 1- U.S. stocks led equity markets around the globe to their highest in nearly two months on Tuesday after U.S. factory and housing data came in better than expected and oil prices rose. Construction spending in the U.S. rose to the highest level since October 2007 and a measure of the U.S. manufacturing sector outpaced analysts' expectations across...

  • Safety stocks surge

    Have "safe" sectors become overbought? Erin Gibbs of S&P Investment Advisory and Max Wolff of Manhattan Venture Partners discuss with Michelle Caruso-Cabrera.

  • NEW YORK, March 1- U.S. stocks led equity markets around the globe to their highest in a month on Tuesday after U.S. factory and housing data came in better than expected and oil prices rose. "The data came out considerably stronger than anticipated, just showing that, hey, there's underlying strength in the economy," said Kent Engelke, chief economic strategist at...

  • *U.S. factory, construction data suggests economic pickup. March 1- Wall Street were at session highs on Tuesday morning, led by financial and technology stocks, after strong U.S. factory and construction data suggested the economy was regaining momentum after slowing in the fourth quarter. "Things were never as bad as we thought they were and now we're realizing...