It's no Alibaba, but the Citizens Financial Group offering is important to the market.
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Orders from the US and Norway should benefit the company's aeronautics division.
The seventh batch will deliver 19 conventional take-off and landing or F-35 "A" models to the U.S. Air Force, six short take-off and vertical landing or F-35 "B" models to the U.S. Marine Corps, four carrier variants of F-35 to the U.S. Navy. The remaining six F-35 fighter planes will be delivered to some of the international partners of the F-35 JSF program, including three F-35 "A" models to Italy, two F-35 "A" models to Turkey and one F-35 "B" model to Britain.
The drugstore lowers sales guidance for the year, and the open source software provider reports weak billings.
Rite Aid (RAD) reported first-quarter earnings Thursday that met analysts' expectations, but it lowered its sales guidance for the year. The drugstore chain reported a first-quarter loss of $30.7 million, or 3 cents a share, narrower than a year-earlier loss of $65.5 million, or 7 cents a share. Analysts, on average, were expecting a loss of 3 cents a share.
Rite Aid lowered its fiscal 2013 sales guidance to between $25.3 billion and $25.7 billion and said it expects same-store sales to decline between 0.5% and 1%. The company previously anticipated sales would be between $25.4 billion and $25.8 billion with same-store sales between flat and an increase of 1.5%. Shares of Rite Aid fell 1.71% in premarket trading Thursday to $1.15.
Master limited partnerships constantly have to raise new money, which explains why Western Gas is selling 5 million units.
Investors hope the company has a next-generation treatment for the virus. The new data will fuel more takeover talk.
The stock rose 14.3% to close at $10.71. The shares have almost doubled in the past 12 months as investors bet that Idenix will be among the winners in developing a better treatment for the liver-destroying virus.
The pharmacy giant purchases a stake in European mega-chain Alliance Boots -- putting itself at the mercy of the continent's worsening debt crisis.
Walgreens (WAG) is purchasing a 45% stake in European pharmacy powerhouse Alliance Boots (AB) for nearly $7 billion. The deal is seen as a first step toward outright acquisition, which would make the combined company a global pharmacy giant with 11,000 stores in 12 countries.
Walgreens' share price plunged after the announcement, however, due to concerns that it had dangerously exposed itself to fallout from Europe's debt crisis, which continues to rage.
Is Walgreens' big bet on Europe a bad idea?
Analysts expect to see a profit of 53 cents a share
Used-car retailer CarMax (KMX) has seen profit rise for three straight quarters and revenue rise for four straight quarters. Will it capture the magic again Thursday when it reports its fiscal first-quarter results?
Investors certainly hope the trend continues, although recent easing fuel prices may have taken some pressure off of consumers to buy more fuel-efficient models. (See also: Ford and GM feeling Europe's economic despair.)
Here's the latest buzz on CarMax's quarter:
The troubled telecommunications company is letting employees go in small groups.
Struggling smartphone developer Research In Motion (RIMM) is dealing with yet another bout of bad news. The company is quietly cutting jobs as part of an intense restructuring to stay afloat.
The BlackBerry maker has kept the layoffs under wraps for the past several weeks, terminating about 10 employees at a time, according to The Wall Street Journal. The company cannot afford any more bad press, and certainly chose a low-key way to add to the 2,000 employees dismissed last year.
Roasters are sneaking cheaper robusta beans into their blends to save money. Will coffee drinkers revolt?
Coffee companies are sneaking more robusta beans into their grounds as the price of the higher-grade arabica beans has spiked, Reuters reports. Very few roasters are actually admitting to doing this, but the evidence is as plain as day: U.S. robusta imports soared by 80% in the first quarter, while arabica fell by nearly a third.
Higher-quality arabica beans have a milder, more delicate and complex flavor than robusta. They're harder to grow and more expensive. Coffee experts say robusta, by contrast, tastes like burned rubber. Robusta also has a lot more caffeine.
This leading hospitality company has an impressive earnings surprise history and a share price hovering close to a 52-week high.
By Zacks Equity Research Resilience
Headquartered in Parsippany, N.J., Wyndham Worldwide Corporation (WYN) offers different hospitality products and services to individual customers and business clients in the U.S. and worldwide under the brands Wyndham Hotel Group, Wyndham Exchange & Rentals and Wyndham Vacation Ownership. The company has a current market cap of $7.55 billion.
The company has an impressive earnings surprise history and a share price hovering close to a 52-week high. Shares of this Zacks No. 1 Rank ("strong buy") have gained approximately 39.5% so far this year.
Stocks head lower after Federal Reserve announces it will expand Operation Twist.
Procter & Gamble (PG) shares weighed on the Dow, falling over 3%, after the company lowered its earnings view again after cutting it in April. The company cited unfavorable foreign exchange rates and continued economic headwinds in the U.S. and Europe.
Burger King (BKW) shares moved higher on the company's first day of trading after it returned to being publicly listed.
These stocks are trading for less than investment gurus David Einhorn and Prem Watsa paid for them.
The Dow Jones Industrial Average reached its highest level in a month on Tuesday. Most of the stocks in the portfolios of the best stock pickers all rose in tandem, but a few haven't yet surpassed the investors' original purchase prices. Some standout bargain candidates are Marvell Tech Group (MRVL), a David Einhorn holding, and Research In Motion (RIMM), which Prem Watsa has invested in.
Check out these value, speculative and niche picks for the grocer in you.
By Lawrence Meyers
I am not a fan of supermarkets these days. While they desperately fight off challenges from stores like Dollar Tree (DLTR) and the organic juggernaut that is Whole Foods Market (WFM), they still continue to lose market share.
That's why I became intrigued by other niche players and think there's value there to be explored. Let's check in and see how these markets are doing.
Adobe is downgraded at 2 firms, while Applied Materials is upgraded to 'overweight.'
Wednesday's noteworthy upgrades include:
The food and beverage company has the ability to test and roll out products designed to appeal to local tastes and at low prices.
There is a clear emphasis by PepsiCo on food products and its portfolio comprises more food products than ever before. We explore the advantages and disadvantages of a portfolio with more focus on food rather than beverages.
Here's a high-quality trio with steady growth, low risk and undervalued prices.
Our Modern Value Model portfolio is based on a strategy first developed by Benjamin Graham and Dr. Wilson Payne in 1946.
The model contains undervalued stocks of well-known, high-quality companies with steady earnings growth. Here's our latest three additions to the portfolio: Fiserv (FISV), ResMed (RMD) and Target (TGT).
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[BRIEFING.COM] Precious metals are trading lower this morning. Dec gold brushed a session low of $1212.50 in recent action and is now down 0.2% at $1214.60. Dec silver traded as low as $12.57 but has been inching higher in recent trade. It is currently at $17.71, or 0.8% lower.
Nov crude oil pulled back from its session high of $91.82 set at pit trade open and is slipping deeper into negative territory. It touched a LoD of $90.77 and is currently down 0.9% at $90.86.
Oct natural ... More
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