NYSE Market News

J.C. Penney to Slash 350 HQ Jobs (JCP, KSS)

Jul 11 2012 @ 10:29
J.C. Penney Co. Inc. (NYSE:JCP) announced additional job cuts at its Plano, Texas headquarters. After announcing in April that it would cut 600 headquarter jobs, the company today said that it will slash another 350 headquarter jobs. The retailer is cutting jobs as it looks to bring costs in line with those of its rivals.

Alcoa Kicks-Off Earnings Season (AA)

Jul 09 2012 @ 16:14
Aluminum producer Alcoa Inc. (NYSE:AA) kicked off the earnings season after-market close today. The company reported second-quarter earnings and revenue that beat Street estimates.

WellPoint to Acquire Rival Amerigroup (WLP, AGP)

Jul 09 2012 @ 08:45
M&A activity continues to heat up in the third quarter. Earlier today, health insurer WellPoint Inc. (NYSE: WLP) announced that it agreed to acquire rival Amerigroup Corp. (NYSE: AGP) in a transaction valued at $4.46 billion.

Boeing Raises Forecast for Jetliner Market (BA)

Jul 03 2012 @ 15:30
Boeing Company (NYSE:BA) has raised its outlook for the jetliner market. BA now forecasts a $4.5 trillion jetliner market over the next 20 years for 34,000 new commercial jets. This is nearly half a trillion dollars more than the company’s previous year’s estimate.

Nike Q4 Profit Falls; Stock Tumbles (NKE)

Jun 29 2012 @ 12:05
Nike Inc. (NYSE:NKE) on Thursday reported disappointing fourth-quarter results, sending the company’s stock down sharply in early trading today. Nike reported an 8% drop in its fourth-quarter net income as high product costs, charges related to restructuring and an unexpected customs evaluation hurt the company’s bottom-line. NKE’s results fell short of consensus forecast, which is […]

Best Buy Founder Considering a Buyout (BBY)

Jun 28 2012 @ 11:14
Best Buy Co. (NYSE:BBY) founder Richard Schulze is considering a buyout of the struggling company. The Wall Street Journal, citing people with knowledge of the matter, reported that Schulze is working with a Wall Street bank to take the company private. Schulze, who resigned abruptly as Chairman and director of Best Buy earlier this month, […]

General Mills Profit Beats Estimate, But Outlook Disappoints (GIS)

Jun 27 2012 @ 08:51
General Mills Inc. (NYSE:GIS) today announced better-than-expected fourth-quarter profit, driven by double-digit sales growth. But, the Minneapolis, Minnesota-based company gave a disappointing outlook, sending the stock lower in pre-market trading. General Mills, which manufactures and markets consumer foods, reported fourth-quarter adjusted earnings of $403.8 million, or $0.60 per share, up...

Lennar Q2 Profit Rises (LEN)

Jun 27 2012 @ 08:50
Homebuilder Lennar Corporation (NYSE:LEN) reported an increase in its second-quarter profit, driven by strong sales and a tax-related gain. However, the company expects a slow and steady recovery in the housing market. U.S. housing market has shown some signs of improvement in the last few months. On Tuesday, latest housing market data showed that home […]

Coca-Cola to Increase Investment in India (KO)

Jun 26 2012 @ 09:33
Beverage company Coca-Cola Co. (NYSE:KO) today said that it plans to boost its investment in India by another $3 billion over the next eight years. Coca-Cola is increasing its investment in India as it looks to expand its operations in the country. The $3 billion investment comes on top of a $2 billion five-year investment […]

Walgreens Pays US$6.7 billion in Cash and Stocks for 45% Stake in Alliance Boots

Jun 19 2012 @ 07:39
United States’ largest drugstore chain Walgreens (NYSE:WAG) announced today it entered into a “strategic transaction” by buying 45% interest in Europe’s leading health and beauty group, Alliance Boots, creating  “the first global pharmacy-led, health and wellbeing enterprise.”. The deal is valued at US$6.7 billion, comprising of $4 billion in cash and 83.4 million shares to […]
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