European shares climbed sharply and Wall Street was set to join in on Tuesday as positive corporate earnings allowed stock investors to look beyond the euro zone debt crisis.
Altera Corp.'s (NASDAQ: ALTR) management upped its long-term business model at its Nov. 7 analyst day to operating margins of 38 percent from 32 percent set previously in 2007.
Adobe Systems Inc. (NASDAQ: ADBE) will host its annual financial analyst meeting in New York at 10:00 AM Eastern time on Nov. 9.
Toyota, Bank of America, Priceline, DryShips, Rockwell Automation and Activision Blizzard are among the stocks that may see active trading on Nov.8.
Italian bond yields ticked higher on Tuesday, closing in on unsustainable levels as lawmakers in Rome readied for a crucial vote on public finances that marks the latest chapter in the euro zone debt crisis.
The top after-market NASDAQ stock market gainers are: Solazyme, DealerTrack Holdings, Amedisys, Central European Distribution, and Kopin. The top after-market NASDAQ stock market losers are: Legacy Reserves, Urban Outfitters, Limelight Networks, Array BioPharma, and Savient Pharmaceuticals.
Asian shares wiped earlier gains and fell anew Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
Asian shares rose Tuesday, but gains were capped by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
South African stocks surged more than 2 percent on Monday, buoyed by a last-minute short covering on mixed news out of Europe, while gold miners such as Harmony Gold were lifted by stronger bullion.
Sysco Corporation (NYSE:SYY) reported quarterly earnings per share of 55 cents Monday, topping analyst consensus estimates of 52 cents per share. Revenues for the food service logistics company were markedly higher, $10.59 billion versus analyst estimates of $10.49 billion. Net earnings were $302.65 million, an increase of $3.58 million, or 1.2%, when compared to quarterly earnings from a year ago.
Retailer Best Buy Inc. said it would buy Carphone Warehouse's stake in their U.S. mobile-phone joint venture for about $1.3 billion and plans to close 11 big box stores in the UK as part of its reorganization strategy.
The top pre-market NASDAQ Stock Market gainers are: American Dental Partners, NPS Pharmaceuticals, Tekelec, Pharmasset, and DragonWave. The top pre-market NASDAQ Stock Market losers are: OmniVision Technologies, Vertex Pharmaceuticals, ARM Holdings, Logitech International, and Siliconware Precision Industries.
DragonWave Inc. (NASDAQ: DRWI) announced its plans in acquiring the microwave transport business from Nokia Siemens Networks (NSN) in a cash and stock transaction valued at about $154 million.
Stock index futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 1.2 to 1.3 percent.
Boeing, Chicago-based aerospace and defense corporation, has submitted a proposal to the U.S. Army for a multi-year contract for the production and delivery of 155 CH-47F helicopters.
Asian shares struggled and credit markets weakened Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.
t the closing of the deal, Anglo-American will have an 85 percent in stake in De Beers, the largest diamond distributor in the world.
U.S. stock investors have had to take their own self-help course on living with uncertainty due to Europe's crisis, and they may need to draw on that next week because it is completely unclear when the next upheaval will come.
We are now well into third quarter earnings season, with the vast majority of companies reported both bottom- and top-line results that met or beat expectations. Here's a summary of who met, and who missed, analyst estimates.
Stocks retreated on Friday after two days of gains as wealthier nations appeared to pull back from a European Union plan to broaden funding for a plan to deal with the region's sovereign debt crisis.
Wedbush Securities downgraded its rating on shares of Echelon Corp. (NASDAQ: ELON) to neutral from outperform and lowered its price target to $7 from $16, as Duke contract loss lowering visibility.
The top pre-market NASDAQ Stock Market gainers are: Openwave Systems, EV Energy Partners, AMAG Pharmaceuticals, ARM Holdings, and VIVUS. The top pre-market NASDAQ Stock Market losers are: Central European Distribution, Seattle Genetics, A123 Systems, Skyworks Solutions, and Fushi Copperweld.
World stocks and the euro rose on Friday, boosted by expectations that Greece will avoid a referendum on a new bailout package, easing imminent concerns of a Greek default and its potential shockwaves through the euro zone.
European shares extended the previous session's strong gains Friday as signs Greece would seek political consensus on a new aid package and dump a referendum helped cap some fears of an imminent default, although the outcome remains uncertain.
Asian shares rallied more than 3 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote scheduled for later in the Greek parliament.
The top after-market NASDAQ Stock Market gainers are: Openwave Systems, GTX, Skullcandy, EV Energy Partners, and Arris Group. The top after-market NASDAQ Stock Market losers are: Optimer Pharmaceuticals, Keynote Systems, Entropic Communications, Glu Mobile, and Skyworks Solutions.
The top after market NYSE Losers on Thursday were: MasTec, Linkedin, Venoco, Rosetta Stone, Frontier Communications, International Rectifier, Mohawk Industries, Booz Allen Hamilton Holding, GenOn Energy and Health Care REIT.
The top aftermarket NYSE gainers on Thursday were: Jefferies Group, Con-way, Genpact, Suntech Power Holdings, American Vanguard, Global Cash Access Holdings, CenturyLink, Chesapeake Energy and Alliant Techsystems.
The companies that are expected to see active trade on Friday are: Washington Post, Windstream, MasTec, Aes Corp, Linkedin Corp, Northeast Utilities System, Pepco Holdings, Genpact, Ameren and DTE Energy Co.
