GM Kills $10 Million Facebook Ad Campaign Because It Didn't Work
PC Upgrades on Byte-Size Budgets -- Savings ExperimentDavid Schepp
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Before the bell: Investors cautious amid earnings bonanza
Stocks are poised to head lower as investors continue to digest news out Tuesday about the nation's flagging housing market. While in recent months optimism had crept into builder stocks in anticipation of recovery, a report from the Commerce Department showed new-home construction flat last month.The news sent the three major U.S. stock indexes lower in trading yesterday, and futures this morning show the Nasdaq Composite Index and the S&P 500 each lower by a half percent, along with the Dow Jones industrial average, which could be trading back under the 10,000 level.
Continue reading Before the bell: Investors cautious amid earnings bonanza
Harley-Davidson rumbles on amid painful restructuring
Investors may be bemoaning Harley-Davidson Inc.'s (NYSE: HOG) less-than-rocking earnings report this week, but there are reasons to still cheer the venerable motorcycle maker, whose stock is up 65 percent this year despite lower sales and tumbling profits. Shares rose more than 1 percent in Friday afternoon trading to more than $28 each.On Thursday, Harley-Davidson said it earned $26.5 million, or 11 cents a share, in the third quarter, down from $166.5 million, or 71 cents a share, a year ago. Third-quarter sales dropped 21 percent to $1.12 billion, but a 21.3 percent drop in worldwide retail deliveries was far better than in the previous quarter, when sales slipped 30 percent worldwide and 35 percent in the U.S.
Continue reading Harley-Davidson rumbles on amid painful restructuring
Before the bell: Investors look to add to two days of gains
Wall Street appears ready to claim a third straight day of gains as stocks continue a rally cheered by brighter economic news and expectations of higher corporate profits. All three major U.S. indexes -- the Dow Jones industrial average, the S&P 500 and the Nasdaq composite -- were higher in premarket trading Wednesday morning.Yesterday, the Dow Jones industrial average had its second-straight day of double-digit point gains, picking up 131.50 to end at 9,731.25 after Australia boosted interest rates citing an improved economy and earnings expectations that rose for the just-concluded third quarter.
Continue reading Before the bell: Investors look to add to two days of gains
Before the bell: Investors bullish ahead of new reports
Stocks are expected to open modestly higher on Wall Street after a losing week last week. On Friday, stocks fell for the third straight day after reports on new-home sales and durable goods proved weaker than expected, leading investors to believe the economy has not yet emerged from the recession.Stocks to watch today include pharmaceutical giant Johnson & Johnson (NYSE: JNJ), which agreed Monday to buy an 18% stake in European drug maker Crucell (NASDAQ: CRXL) for 301.8 million euros ($440 million), as part of a deal to develop flu vaccines.
Continue reading Before the bell: Investors bullish ahead of new reports
Huntington Bancshares stock falls with newest stock offer
Shares of Huntington Bancshares Inc. (NASDAQ: HBAN) fell Friday afternoon after three days of gains as investors reacted negatively to news that the company planned to sell $400 million worth of common stock. At mid-afternoon Friday, shares of the Columbus, Ohio-based bank were down more than 2% to $4.41 a share.
On Friday, Huntington said it priced the shares at $4.20 a share, selling 95.2 million shares totaling some $400 million in gross proceeds. Deal underwriters have an 30-day option to buy another 14.3 million shares, the company said in a filing with the Securities and Exchange Commission.
Continue reading Huntington Bancshares stock falls with newest stock offer
Hovnanian shares slide on earnings, housing woes
Shares of home-builder Hovnanian Enterprises Inc. (NYSE: HOV) fell sharply in trading Thursday, a day after the company reported a bigger loss than Wall Street had anticipated. By early afternoon, shares of the New Jersey-based company had fallen more than 13% to just over $4 a share.In reporting its fiscal third quarter earnings Wednesday, Hovnanian said it lost $168.9 million, or $2.16 a share, in the three months ending July 31. That compares with a loss of $202.5 million, or $2.67 a share, in the year-earlier period. Revenue fell 45% to $387.1 million. The company noted its latest quarterly results included $105.7 million in pretax charges to reflect the declining value of land and other assets.
Continue reading Hovnanian shares slide on earnings, housing woes
Wal-Mart boosts online offerings in bid to boost sales
Shares of Wal-Mart Stores, Inc. (NYSE: WMT) slipped slightly Monday despite news that the world's largest retailer has boosted its online offerings in a bid to compete with the likes of Amazon.com, Inc. (Nasdaq: AMZN) and eBay Inc. (Nasdaq: EBAY) for online sales.Shortly after markets closed in New York, Wal-Mart stock were off by 26 cents, or 0.5%, to $50.87 a share. The retailer's shares followed a market-wide trend that saw the Dow Jones industrial average, of which Wal-Mart is a component, lose slightly about a half percent of its value.
Continue reading Wal-Mart boosts online offerings in bid to boost sales
Toll Brothers shares rise as overall market slips
Shares in Toll Brothers (NYSE: TOL) struggled to hold onto ground gained early in the trading session, a day after the luxury home-builder reported a much larger quarterly loss. Shares rallied shortly after the morning bell on comments from Toll on Thursday that it sees the U.S. housing market beginning to stabilize.
Trading volume hit a peak just before 10 a.m. ET when 95,000 shares traded hands. But a new survey showing a decline in consumer confidence helped push trading volume lower and the stock dipped into negative territory before resuming positive gains.
Continue reading Toll Brothers shares rise as overall market slips
Before the bell: Investor caution reigns
The recent strong gains in stock prices appear to have many investors cautious as August winds down. With stock indexes at the highest points all year, any gains may be modest on Wall Street today.Stocks rose slightly yesterday on news that oil inventories last week were higher than anticipated, leading to speculation that an economic recovery, if on its way, may be slow and anemic.
Stocks to watch include luxury home-builder Toll Brothers (NYSE: TOL), which reported Thursday morning a much larger quarterly loss of $472.3 million, or $2.93 a share, compared to a loss of $29.3 million, or 18 cents a share, a year ago. Included in the loss was a $439.4 million non-cash deferred tax allowance and write-downs totaling $115 million in the quarter. Last year's results included write-downs of $139.4 million. New home buyers wait-and-see attitudes took a toll on the company's revenues, which fell 42% to $461.3 million. But the company said it sees signs of stabilization in the housing market. The company is scheduled to discuss its fiscal third-quarter results today in a conference call at 2 p.m. ET.
Continue reading Before the bell: Investor caution reigns
Southwest Airlines shares descend on maintenance worries
Shares of Southwest Airlines Co. (NYSE: LUV) were down as much 1.5% in New York trading following published reports that the company grounded 46 planes Saturday due to maintenance concerns. The Dallas-based carrier saw its shares fall to as low as $8.55 just past noon after news broke that the Federal Aviation Administration is investigating the airline's use of unauthorized parts and repairs on its aging fleet of 737-300 and 737-500 jets, manufactured by Boeing Co. (NYSE: BA).An FAA inspector working Friday at a maintenance shop used by Southwest questioned whether some hinge fittings -- used to divert hot engine exhaust from aircraft wings -- installed on the 737 jets were authorized for use. After hasty consultations with the FAA and Chicago-based Boeing, Southwest decided to ground the planes.
Continue reading Southwest Airlines shares descend on maintenance worries
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