US stocks open lower; Cisco plunges
U.S. stocks declined in early trade on Thursday as disappointing outlook from Cisco Systems and lower commodity prices weighed.
April NPD Preview -- Expect Rebound in Software Sales Growth: Analyst
Wedbush Securities expects April U.S. retail video game console software sales data to be released by the NPD Group after the market close on May 12. The brokerage said April may be an anomalous month for software sales, with a rebound likely due to an outstanding lineup of blockbuster title.
China is facing destabilizing inflation: AEI Outlook
China's inflation rate has reached a point where it is sparking social unrest, the American enterprise Institute's (AEI) latest outlook report has noted. Chinese premier Wen Jiabao's recent comment that inflation is a tiger that once set free is very difficult to put back in its cage[1] aptly characterizes the current inflation in his country. The world's second-largest economy faces some fundamental choices if it is to restore stability, says the report, which was au...
Is your résumé sabotaging your career?
Jake was an unfortunate victim of the downturn in his chosen industry. Graduating in 2005 from a Master's in Aviation program, he entered the job market and was unsuccessful in securing a position in his field of interest. Then, with the global economic crisis just a few years later, he put his dreams on hold and decided to continue to work in the retail field for Sam's Club, not knowing if he would ever be able to use his degree to break into aviation.
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Pre-Market NASDAQ Movers (GLNG, CIGX, EBIX, SCEI, AEZS, OMER, ATRN, LOGI, ASTI, XRTX, NDAQ)
The top pre-market NASDAQ Stock Market gainers are: Golar LNG, Star Scientific, Ebix, Sino Clean Energy, and AEterna Zentaris. The top pre-market NASDAQ Stock Market losers are: Omeros, Atrinsic, Logitech International, Ascent Solar Technologies, Xyratex, and Nasdaq OMX Group.
Brean Murray cuts estimates, price target of Phillips-Van Heusen
Brean Murray Carret & Co. cut its profit estimates and price target of Phillips-Van Heusen Corp. (NYSE: PVH), saying it makes more sense in the current environment to be conservative.
UK retail sales fell more than expected in Feb.
Retail sales in Britain fell more than expected in February, as rising prices dampened consumer spending in the country.
Brean Murray reiterates 'Hold' rating on New York & Co.
Brean Murray Carret & Co. reiterated its Hold rating and narrowed its loss estimate on apparel retailer New York & Co. (NYSE: NWY) after the company posted stronger-than-expected quarterly results.
Brean Murray reiterates $60 PT on Guess?
Brean Murray Carret & Co. reiterated its price target of $60 on Guess? Inc. (NYSE: GES), saying the apparel retailer remains well positioned for uncertain times.
Global Markets overview 14/03/2011
U.S. stocks ended higher on Friday led by gains from oil refiners after the earthquake disrupted Japan's refining capacity and equipment makers advanced on expectations for increased demand from rebuilding efforts.
Global Markets overview
U.S. stocks ended higher on Friday led by gains from Oil refiners after the earthquake disrupted Japan's refining capacity and and equipment makers advanced on expectations for increased demand from rebuilding efforts.
Post-Market NASDAQ Movers (CHINA, HEV, RCRC, CLNE, SGMO, ENER, ZUMZ, JMBA, STXS, CLWR)
The top after-market NASDAQ stock market gainers are: CDC Corp., Ener1, RC2 Corp., Clean Energy Fuels, and Sangamo Biosciences. The top after-market NASDAQ stock market losers are: Energy Conversion Devices, Zumiez, Jamba, Stereotaxis, and Clearwire.
Clearwire CEO Steps Down
Clearwire executive Bill Morrow is leaving the company for personal reasons.
Post-Market NASDAQ Movers (SMTC, HTHT, FTEK, CSKI, IRDMW, CWTR, PLCE, SMTX, SIGA, CBRX)
The top after-market NASDAQ stock market gainers are: Semtech, China Lodging Group, Fuel-Tech, China Sky One Medical, and Iridium Communications. The top after-market NASDAQ stock market losers are: Coldwater Creek, The Children's Place Retail Stores, SMTC, SIGA Technologies, and Columbia Laboratories.
Eurozone economy grew 0.3 pct in fourth quarter
Gross domestic product (GDP) of the eurozone grew 0.3 percent in the last quarter of 2010, mainly boosted by exports from the region, according to the second estimates released by Eurostat on Thursday.
Summary of Federal Reserve's Beige Book (FULL-TEXT)
March 2, 1011. Prepared at the Federal Reserve Bank of Atlanta and based on information collected on or before February 18, 2011.
Retail sales growth continues in Feb, but slightly less robust than prior months: report
A report from SpendingPulse on national retail and services sales for the month of February has shown that growth continued in most sectors, but slightly less robust than prior months.
Milan fashion awaits Chinese design boom
Chinese designers will drive catwalk trends more than deep-pocketed Asian buyers as China's creativity becomes fashions' next big thing, top fashion executives and designers told Reuters at Milan fashion week.
Perennial China to raise $860 mln in S'pore IPO
Perennial China Retail Trust lodged the prospectus for its planned S$1.1 billion ($861 million) initial public offering in Singapore, in what is likely to be the first of several large asset-backed trust IPOs in the city-state.
Wal-Mart domestic sales dip again, shares down
Shares of Wal-Mart Stores fell nearly 4 percent in early trade after the world’s largest retailer a seventh straight quarterly decline in U.S. comparable-store sales, saying some of the pricing and merchandising issues ran deeper than it initially expected.
Wal-Mart US sales disappoint, shares fall
World’s largest retailer Wal-Mart Stores Inc reported a 1.8 percent fall in U.S. comparable-store sales for the fourth quarter even as it posted a 27 percent rise in quarterly profit.
Alibaba's shares fall 9 percent, company faces revamp
Shares of Alibaba.com tumbled as much as 10 percent after an internal probe prompted resignations of its top executives and forced the company to clean up a vendor mess that defrauded buyers.
Truworths boosts H1 profit, mulls share buybacks
Truworths, South Africa's biggest listed clothing retailer, posted a 19 percent rise in first-half profit as lower interest rates boost consumer spending and said it was considering M&A or buying back shares.
Postcard From Mickey's Investor Day
Walt Disney hosted multiple business sessions on Thursday with Street analysts at the Disneyland complex in Anaheim, California and tackled a myriad of strategic issues facing both the company and the media sector in general, at its 2011 Investor conference.
UK retail sales rise sharply
Retail sales in the United Kingdom grew 1.9 percent in January compared with December and 5.3 per cent on an annual basis, according to data released by the Office for National Statistics (ONS) on Friday.
E-commerce retail sales rose 16 pct in fourth quarter
E-commerce retail sales in the fourth quarter of 2010 rose a seasonally adjusted 16.1 percent, compared to the same period a year before, IHS Global Insight said in a report.
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