Stock in Brunswick Corp. rose more than 6 percent in late afternoon trading Friday after Wedbush initiated coverage of it with a stock-investment rating of outperform. Get the full story »
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RIM shares dive after weak outlook
Research In Motion faces a tough battle to win back market share in the United States, Wall Street analysts said on Friday, a day after the BlackBerry maker gave a weak outlook. Get the full story »
ADM shares slide as analyst trims rating
Archer Daniels Midland Co.’s stock slipped Friday as an analyst downgraded the agribusiness conglomerate, saying the current operating environment may miss near- and intermediate-term expectations. Get the full story »
RIM shares fall after weaker-than-expected outlook
Research In Motion’s net profit jumped 32 percent in quarterly profit, but it issued a weaker-than-expected outlook as it pumped money into the launch of its PlayBook tablet computer. Get the full story »
Wall St. ‘fear gauge’ jumps 30% on Japan crisis
The CBOE Volatility Index , Wall Street’s fear gauge, shot up nearly 30 percent Wednesday, its biggest daily percentage move since May, as major U.S. stock indexes turned negative for the year due to mounting concerns about Japan’s nuclear crisis.
The market fell for a third day Wednesday but investors grew overly concerned as the fear gauge rose above the psychologically significantly level of 30 for the first time since July. Get the full story »
Apple shares continue slide after downgrade
Apple Inc. shares slid for a second straight day after a rare broker downgrade stoked worries that the company’s torrid pace of growth will slow.
Shares in the world’s largest technology company were down 4.4 percent to $330.08 in early afternoon trading, a loss in market value of about $10 billion. The shares fell 2.3 percent Tuesday. Get the full story »
Stocks sink on warning of ‘catastrophic events’
U.S. stocks sank deeper into the red on Wednesday after the European Union’s energy chief warned of “possible catastrophic events” at Japan’s nuclear plants.
Swinging in choppy trading, the Dow Jones Industrial Average tumbled 99 points, or 0.8 percent, to 11756, with all but two of its 30 components in the red. Get the full story »
Shares of Exelon, other nuclear operators fall
Nuclear generators’ shares are falling on concerns they will face greater scrutiny and new regulations as Japanese utilities try to prevent meltdown at a number of reactors.
Exelon, the largest U.S. nuclear operator, is down 2.9 percent, to $41.91, in early afternoon trading on the New York Stock Exchange. PSEG is down 3.2 percent, to $3.36, and Entergy has dropped 5.6 percent, to $69.58. Get the full story »
Insurance stocks feel mouting tab in Japan
Insurance stocks fell for a second day on Monday as experts estimated that the Japanese earthquake could cost the industry nearly $35 billion, making it one of the most expensive disasters ever.
The Stoxx 600 European Insurance Share Index was down 2 percent at midday Monday, underperforming the wider market, and extending a 1.7 percent drop on Friday. The U.S. S&P insurance index was down almost 1.6 percent at midday, also underperforming the wider market, which was down 1.2 percent. Get the full story »
Ulta stock soars on strong 4Q profits
Shares in Ulta Salon Cosmetics & Fragrance Inc. jumped more than 10 percent, to $46.47, in early afternoon trading Friday on the New York Stock Exchange.
Late Thursday, the company reported that its fiscal fourth-quarter profit rose 49 percent and core results topped its upbeat expectations amid continued strength in same-store sales.
The company also forecast current-quarter earnings that beat the average estimate of analysts polled by Thomson Reuters
Stocks fall sharply on global, economic fears
U.S. stocks plunged into a deep sea of red Thursday, as economic fears at home and political concerns in Saudi Arabia weighed heavily on investor sentiment.
The Dow Jones industrial average tumbled 228 points, or 1.9 percent, to end at 11,985. It was the worst point drop in the Dow since Aug. 11. Get the full story »
Navistar shares up after company raises forecast
Truckmaker Navistar International raised its forecast for the North American market and said it was on track to reach the high end of 2011 profit target, sending its shares up nearly 4 percent.
The improved forecast on Wednesday overshadowed a first-quarter profit that missed analysts’ expectations as truck margins disappointed. Get the full story »
iPad 2 dents Motorola Mobility stock price
Shares of Motorola Mobility slumped Thursday as Apple Inc.’s new iPad won rave reviews.
Motorola Mobility shares were recently down 5.2 percent, at $26.90.
Cowen and Co. downgraded the stock to neutral from outperform, a day after Apple took the wraps of the iPad 2. Apple shares were up nearly 2 percent. Get the full story »
Sauer Danfoss stock surges on Q4 profit
Shares of Sauer-Danfoss surged 28 percent on Thursday, a day after the maker of hydraulic and electronic systems for mobile equipment swung to a profit and forecast a strong 2011. Get the full story »
