It's no Alibaba, but the Citizens Financial Group offering is important to the market.
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Aeropostale and American Eagle can expect a jump in spending on apparel and accessories this fall.
Lackluster earnings will linger as the company invests for the long term.
Stocks, bonds or commodities? Financial experts debate which asset class is the best bet for now.
Every so often, an event organized by a big financial services conglomerate (primarily to promote a product it has developed) can provide some interesting food for thought. The recent UBS-sponsored debate over whether we're heading into a "risk on" or "risk off" environment was one example.
The two men facing off, Mark Fisher and Dennis Gartman, recently put their heads together with some folks at UBS (UBS) to come up with a "risk on" and a "risk off" index on which the bank and its team of financial advisors could structure and sell exchange-traded notes. Think the market's mood is going to turn again? Well, you can dump your "risk off" notes (the index is made up of long positions in Treasury bond futures, the German bund and the Japanese yen, and short positions in crude oil, an S&P 500 ETF and a Russian stock market ETF to name only a few) and move into their "risk on" counterparts (you'd end up with long positions in everything from corn futures and a Brazilian Real fund to a variety of US stock ETFs).
Sprint upgraded to `buy', Coinstar downgraded to `sector perform'
Things seemed all backward with Amazon, Starbucks and Facebook.
First, Amazon (AMZN) gave us one of the biggest misses I have ever seen, a wholesale retreat, almost comical in its lack of relation to the profitability people were looking for, a gigantic step backward for this $100 billion company.
Starbucks (SBUX), on the other hand, gave us a strong number with 7% comp sales that was able to mask the European problems that we knew were plaguing it. Looks like there's going to be hope of a quicker turnaround after all.
Luxury home furnishings retailer Restoration Hardware might have a better go this time.
Luxury home furnishings brand Restoration Hardware is going public in late summer or early fall, exactly a year after initially filing with the SEC. This isn't the first time it's gone public. In June 1998, it sold 3.3 million shares at $19 for net proceeds to the company of $47.8 million. Last time it traded on the NASDAQ; this time it's going on the NYSE.
Depending on how this is priced, it should be a very interesting IPO.
The magazine's owner hints that the publication will become online only, casting doubt on the future of the venerable weekly.
This revolution might not be covered in Newsweek's pages. Barry Diller, whose company IAC/InterActiveCorp. (IACI), recently became the majority owner of the magazine, strongly suggested Wednesday that Newsweek could become an online-only publication.
"The transition to online from hard print will take place," he said, going on to say that the brand is going to be "different" next year. "We are examining all of our options." A spokesperson for Diller later said he was speaking of the news business in general, but that didn't stop commentators from speculating on the future of the 79-year-old newsweekly, which was joined at the hip with The Daily Beast website (and its mercurial editor, Tina Brown) in 2010, but continues to bleed money.
After a huge fraud settlement, the drug company has new management and a promising future.
UK-based GlaxoSmithKline (GSK) lost its ethical way and reputation due to promotions for tranquilizers aimed at teenagers -- even though the drugs were never approved for their use.
The firm has had to pay $3 billion. The settlement is the largest fraud case any firm in the US healthcare industry ever paid. Now you know the bad news. The good news is that the former managers responsible have been replaced and the company's future drug pipeline is strong.
Weakness in Europe hurts overall profit at the coffee giant.
The company meets profit expectations and slightly beats on revenue its first quarterly release. CEO Zuckerberg participates in the conference call.
The social networking company reported an adjusted profit of $295 million, or 12 cents a share, on $1.18 billion in revenue. That was in line with analyst expectations on profit and slightly more than the $1.15 billion expected in revenue. If you include costs related to share-based compensation and payroll taxes, Facebook reported a loss of $157 million, or 8 cents a share.
The cruise company struggles to come back from the Costa Concordia crash. The economic downturn in Europe isn't helping either.
Royal Caribbean (RCL) reported a loss in its second quarter, hurt by the economic turmoil in Europe and a broad industry downturn after the Costa Concordia disaster in January.
The cruise line company reported a loss of $3.6 million, or 2 cents per share, a steep drop from net income of $93.5 million, or 43 cents per share, a year earlier. Revenue rose 3% to $1.82 billion. The numbers missed the analyst consensus of 3 cents per share in profit on revenue of $1.84 billion.
Royal Caribbean also cut its guidance for the current quarter, and said it expected net yields to decrease about 5% on an as-reported basis. The quarterly results also included a 5 cent per-share mark-to-market loss on the company's fuel option portfolio.
The European Central Bank president encourages investors with his 'whatever it takes' promise.
In yet another apparent strategy shift, the retailer is reportedly looking at significant markdowns to win shoppers back.
The company is dropping the month-long special discounts that cut prices of certain items by as much as 29%, The Wall Street Journal reported. Instead, starting in August, Penney plans to cut prices permanently on a broad swath of items.
There will be just two kinds of prices: everyday low prices and clearance prices.
Stocks climb as the European Central Bank commits to saving the euro.
4 stocks the manager of the FPA Crescent Fund keeps acquiring.
These are the stocks the fund manager keeps buying:
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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