* Indexes up: Dow 0.4 pct, S&P 0.2 pct, Nasdaq 0.3 pct (Updates prices) By Rodrigo Campos NEW YORK, Dec 5 (Reuters) – Bank shares led gains Friday on Wall Street after November payrolls data came in much stronger than anticipated, raising market expectations a rate hike from the Federal Reserve may materialize sooner than…
* Nov jobs report comes in well ahead of expectations * Financials lead on the day, energy falls again * American Eagle tumbles after outlook, results * Indexes up: Dow 0.4 pct, S&P 0.3 pct, Nasdaq 0.4 pct (Updates to midday trading) By Ryan Vlastelica NEW YORK, Dec 5 (Reuters) – U.S. stocks rose on…
Like This? Join Our Free Newsletter Here Higher Beef Prices Are Likely to Persist November 14, 2014 By Alexandra Wexler Bloomberg Commodity Indexes U.S. cattle futures have posted some of the biggest gains among commodities this year, and the rally looks to be far from over. The industry is struggling to recover from a severe…
on November 03 2014 1:23 PM As Alibaba Group Holding Limited prepares to post its first quarterly earnings report as a publicly traded company on Tuesday, Wall Street will be watching for three key developments from the Chinese e-commerce giant: Observers are on the lookout for any sign that China’s slowing economic growth is dampening…
By Jessica Menton on October 28 2014 7:43 PM The Madison Square Garden Company announced on Tuesday it is exploring splitting its business into two separate companies, which would spin off the New York Knicks and Rangers from MSG’s entertainment unit. The reasoning for the split could be largely driven by investors who want to…
Mon Oct 27, 2014 4:38pm EDT * Dow up 0.1 pct, S&P down 0.2 pct, Nasdaq up 0.1 pct (Updates to close) By Caroline Valetkevitch Oct 27 (Reuters) – U.S. stocks ended near flat on Monday, pausing after the S&P 500’s biggest weekly gain since January 2013, while energy shares fell with another decline in…
Published: Oct 24, 2014 3:25 p.m. ET Fears that the peak travel and shopping season will be affected by Ebola are contained, for now Wall Street doesn’t seem to be taking the potential collateral damage from the Ebola outbreak very seriously, even though it has hit very close to home. Maybe after a weekend of…
By Jessica Menton October 08 2014 4:09 PM First eBay Inc. unveiled a PayPal spinoff, then Hewlett-Packard Company followed with a breakup announcement. Now Symantec Corporation is expected to jump on the bandwagon. What is driving the breakup wave among iconic tech industry stalwarts? It’s a confluence of factors including pressures on managment to goose the stock…
By Jessica Menton on October 08 2014 8:52 AM Symantec Corporation could be the latest major tech firm to break itself apart, following in the steps of both eBay Inc. and Hewlett-Packard Co., with an announcement just a few weeks away, Bloomberg reported Wednesday. Symantec declined to comment on the report. “Symantec does not comment on rumors…
By Jessica Menton @JessicaMenton on September 30 2014 8:49 AM EBay Inc. unveiled plans on Tuesday to separate the e-commerce giant and PayPal into independent publicly traded companies in 2015, a move activist investor Carl Icahn demanded earlier this year. The move pleased Wall Street; shares in eBay jumped 7 percent to $56.35 in morning trading on the NASDAQ….