TheRepublic.com - Markets / Wall Street News

Buybacks are a big factor behind stock market boom

Fri, 17 May 2013 18:19:20 -0400

NEW YORK - It's the narcissist rally.

Stocks rise on hopeful signs for the US economy

Fri, 17 May 2013 17:45:51 -0400

NEW YORK - Encouraging news about the U.S. economy extended the stock market's rally Friday.

J.C. Penney, Stage Stores, ViaSat are big movers

Fri, 17 May 2013 17:25:41 -0400

NEW YORK - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

Gold prices sink for seventh day, near April low

Fri, 17 May 2013 15:52:26 -0400

Gold prices fell for a seventh day in a row on Friday, drawn down by a stronger U.S. dollar and better economic news.

Oil rises above $96 on encouraging economic news

Fri, 17 May 2013 15:24:36 -0400

NEW YORK - The price of oil rose to $96 a barrel on Friday on hopes that a steady recovery in the U.S. economy could boost fuel use.

World stocks strong into the weekend

Fri, 17 May 2013 12:43:22 -0400

AMSTERDAM - World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue.

Stocks edge higher in early trading on Wall Street

Fri, 17 May 2013 09:49:43 -0400

NEW YORK - Stocks are slightly higher in early trading on Wall Street, even as several big retailers slumped after reporting disappointing earnings.

Futures rebound ahead of Conference Board report

Fri, 17 May 2013 07:37:07 -0400

NEW YORK - U.S. stock futures are rising with markets headed for a positive week overall, as investors shrug off some unsettling reports from retailers this week.

Wal-Mart's 1Q profit, sales disappoint

Thu, 16 May 2013 19:49:06 -0400

NEW YORK - The first few months of the year were tough for Wal-Mart Stores Inc.

J.C. Penney posts bigger 1Q loss than expected

Thu, 16 May 2013 19:37:35 -0400

NEW YORK - The legacy of J.C. Penney's former CEO is being felt at the department-store chain.

Dell's dismal 1Q illuminates PC maker's challenges

Thu, 16 May 2013 18:38:44 -0400

SAN FRANCISCO - Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets.

US rate on 30-year mortgage rises to 3.51 pct.

Thu, 16 May 2013 17:41:17 -0400

WASHINGTON - Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing.

Nordstrom 1st quarter net income slips

Thu, 16 May 2013 17:41:43 -0400

NEW YORK - Nordstrom Inc. said Thursday its first-quarter net income fell 3 percent, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest.

Derma Sciences takes bigger 1Q loss as costs grow

Thu, 16 May 2013 12:29:43 -0400

PRINCETON, New Jersey - Derma Sciences Inc. reported a bigger loss in the first quarter on increased marketing and clinical trial costs.

Cisco leads the Dow higher after earnings beat

Thu, 16 May 2013 11:55:05 -0400

NEW YORK - Indexes are slightly higher at midday on Wall Street, pushing the stock market further into record territory.

Flowers Foods 1Q net income more than doubles

Thu, 16 May 2013 07:31:30 -0400

THOMASVILLE, Georgia - Flowers Foods' first-quarter net income more than doubled thanks to a large gain related to its acquisition of the Sara Lee business in California.

Deere cuts 2013 sales growth guidance

Wed, 15 May 2013 18:25:51 -0400

MOLINE, Illinois - Deere & Co. said on Wednesday that bad weather and weak economies will hinder sales growth this year for lawnmowers and construction equipment.

Cisco 3Q net income rises 14 percent

Wed, 15 May 2013 17:48:54 -0400

NEW YORK - Cisco's net income jumped 14 percent in the latest quarter as revenue at all four of its divisions rose for the first time in a year and a half.

Computer Sciences returns to profit in 4Q

Wed, 15 May 2013 09:25:10 -0400

FALLS CHURCH, Virginia - Computer Sciences returned to a profit in its fiscal fourth quarter, bolstered in part by a tax benefit and gain on the sale of an Australian IT staffing business.

Arctic Cat 4Q loss narrows, reinstate dividend

Wed, 15 May 2013 08:10:17 -0400

MINNEAPOLIS - Arctic Cat posted a smaller-than-expected loss in its fiscal fourth-quarter, as sales improved across all product lines.