ATHENS, Aug 5- Greek bank shares sold off sharply for the third day in a row on Wednesday, but losses were far less than in the previous sessions. "The market is looking for the bottom, we are not far away from it," said Alexander Moraitakis, head of Athens- based Nuntius Securities. Tuesday's nearly 30 percent plunge wiped out 2.65 billion euros of their market value-- more...» Read More
*H1 profits tumble 44 pct to $1.8 bln. LONDON, Aug 5- Standard Chartered halved its dividend and said it would raise capital from investors if needed, as new Chief Executive Bill Winters outlined plans to revive a bank hit by a 44 percent slump in first-half profit. Asia- focused Standard Chartered has had a troubled three years, hurt by a weakening in many of its key...
AUSTIN, Texas _ RetailMeNot Inc. on Wednesday reported a second-quarter loss of $1.6 million, after reporting a profit in the same period a year earlier. For the current quarter ending in October, RetailMeNot said it expects revenue in the range of $47.5 million to $50 million. RetailMeNot shares have fallen 3.5 percent since the beginning of the year.
BETHESDA, Md. _ Walker& Dunlop Inc. on Wednesday reported second-quarter profit of $20.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. Walker& Dunlop shares have increased 40 percent since the beginning of the year.
AUSTIN, Texas _ Forestar Group Inc. on Wednesday reported a second-quarter loss of $34.5 million, after reporting a profit in the same period a year earlier. Forestar Group shares have fallen 19 percent since the beginning of the year. Keywords: Forestar Group, Earnings Report.
WASHINGTON— The Institute for Supply Management reports on growth at U.S. service firms in July. The ISM will release its services index Wednesday at 10 a.m. Eastern. TICKING UP: Economists expect the index registered a slight increase— to 56.2 in July from 56 in June, according to a survey by the research firm FactSet.
TOANO, Va.— Lumber Liquidators Holdings Inc. on Wednesday reported a second-quarter loss of $20.3 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Lumber Liquidators shares have fallen 72 percent since the beginning of the year.
BALLSBRIDGE, Ireland _ Avolon Holdings Ltd. on Wednesday reported second-quarter earnings of $55.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. Avolon Holdings shares have risen 48 percent since the beginning of the year.
WASHINGTON— The Commerce Department reports on the international trade gap for June at 8:30 a.m. Eastern Wednesday. TRADE GAP: Economists predict the deficit widened by just $1 billion to $42.9 billion in June from the previous month, according to a survey by data firm FactSet. Exports of U.S. aircraft, a volatile category, fell $1.24 billion in May to $4.9...
NEW YORK— Iowa and New Hampshire are still on the horizon— but first there's the Fox primary, and the buildup to this week's first Republican presidential debate shows that the influence of Fox News Channel on the GOP selection process is stronger than ever. Six hopefuls— Donald Trump, Rand Paul, Mike Huckabee, Bobby Jindal, Carly Fiorina and Rick Perry— have appeared...
TEANECK, N.J. _ Cognizant Technology Solutions Corp. on Wednesday reported second-quarter earnings of $420.1 million. Ten analysts surveyed by Zacks expected $3.03 billion. Analysts surveyed by Zacks had expected revenue of $3.12 billion.
BOSTON _ LPL Financial Holdings Inc. on Wednesday reported second-quarter earnings of $50.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 65 cents per share. LPL Financial shares have climbed nearly 8 percent since the beginning of the year.
LONDON, Aug 5- European shares rose on Wednesday, with Societe Generale surging as the French bank became the latest major company in the region to post forecast-beating earnings. Technology stocks were steady after weakening in the previous session following a slide in the shares Apple, but Greek stocks were down for a third straight day with Athens still...
TOPEKA, Kan.— Kansas has eliminated a $25- a-day limit on ATM withdrawals with cash assistance cards over concerns from U.S. officials about the much-criticized part of a larger effort to ensure that poor families use their benefits for necessities and not alcohol, gambling or luxuries such as concerts or tattoos. But even some Republican lawmakers who support a...
CHADDS FORD, Pa.— Wawa has passed the first hurdle in a bid to sell beer at one suburban Philadelphia location. The Philadelphia Inquirer reports the Concord Township Board of Supervisors has approved Wawa's request to sell beer at its store on Naamans Creek Road in Chadds Ford. Wawa has stated beer sales would be limited to Chadds Ford for the time being, but the...
*Corn gives up recent price strength. Corn was down after rising on bargain-buying after prices slid to a six-week low earlier this week. "Corn is little changed to slightly weaker with U.S. harvest progress better.
NEWARK, N.J.— The union representing New Jersey Transit's rail workers calls the agency's latest contract offer "utterly unacceptable." NJ Transit has offered unionized rail workers a 10- percent pay increase over 7.5 years. The offer was made to an emergency board that was appointed by President Barack Obama to avoid a transit strike.
RALEIGH, N.C. _ Stock Building Supply Holdings Inc. on Wednesday reported second-quarter earnings of $2.6 million. Stock Building Supply shares have risen 27 percent since the beginning of the year. Keywords: Stock Building Supply, Earnings Report.
Aug 5- Dish Network Corp reported a 3.8 percent rise in quarterly revenue, helped by higher revenue per user from its core pay-TV business. Net income attributable to Dish rose to $324 million, or 70 cents per share, in the second quarter ended June 30 from $213 million, or 46 cents per share, a year earlier. Total revenue rose to $3.83 billion from $3.69 billion.
NORTH BERGEN, N.J. _ Vitamin Shoppe Inc. on Wednesday reported second-quarter net income of $14.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Vitamin Shoppe shares have fallen 24 percent since the beginning of the year.
STAMFORD, Conn. _ Dorian LPG Ltd. on Wednesday reported fiscal first-quarter net income of $13.7 million. Three analysts surveyed by Zacks expected $35 million. Dorian LPG shares have increased 10 percent since the beginning of the year.