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  • 11/21/2017 15:16:25

    BRIEF-Lowe's Companies Inc - Rick D. Damron will be retiring as company's chief operating officer

    * Lowe's Companies Inc - ‍on Nov 21, Co announced that Rick D. Damron will be retiring as company's chief operating officer effective February 3, 2018​ Source text (http://bit.ly/2BdoopS) Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

  • 11/17/2017 14:52:26

    Retailers rise again, but tech leads other US stocks lower

    US stock indexes finish lower as technology companies return some of the previous day's gains

  • 11/17/2017 09:47:55

    US stock indexes step back after a big gain; retailers climb

    US stock indexes are slightly lower as technology companies return some of the previous day's gain and banks also fall

  • 11/16/2017 09:48:19

    Viacom expects distributor revenue to drop in 2018; shares sink

    (Reuters) - Viacom Inc , owner of MTV and Comedy Central, said Thursday it expects lower revenue from cable and satellite companies in 2018, a forecast that sent its shares down almost 10 percent in morning trading.

  • 11/16/2017 09:46:27

    UPDATE 5-Viacom expects distributor revenue to drop in 2018; shares sink

    Nov 16 (Reuters) - Viacom Inc, owner of MTV and Comedy Central, said Thursday it expects lower revenue from cable and satellite companies in 2018, a forecast that sent its shares down almost 10 percent in morning trading.

  • 11/10/2017 14:19:50

    Markets Right Now: Eight-week streak ends as stocks slip

    Stocks are closing lower as health care companies fall, ending an eight-week string of gains

  • 11/10/2017 13:01:39

    US stocks slip as health care device companies stumble

    US stocks are mostly lower as health care device and equipment companies take sharp losses as investors consider Amazon's potential to compete with them

  • 11/10/2017 10:03:29

    US stocks head lower as health care companies plunge

    US stocks are down for a second day as health care companies take sharp losses

  • 11/08/2017 20:47:22

    Japan's Nikkei at 26-year high, other Asia shares muted

    U.S. stocks are lower in Wednesday morning trading as falling interest rates continue to put pressure on banks, and technology and energy companies also move lower.

  • 10/26/2017 14:30:32

    UPDATE 4-Buyers circle Potash Corp stake in lithium producer SQM

    Oct 26 (Reuters) - Potential buyers have shown big interest in Potash Corp of Saskatchewan Inc's 32 percent stake in Chilean lithium producer SQM SA, Potash's chief executive said on Thursday, after reporting a lower than expected third-quarter profit. Canada's Potash, set to merge with rival Agrium Inc, must divest minority stakes in SQM and fertilizer companies ICL Israel Chemicals and Arab Potash Co PLC within 18 months as a condition of India's approval for the $25-billion deal.

  • 10/26/2017 14:05:07

    Dow, S&P 500 close higher; biotech weakness pressures Nasdaq

    The Dow and S&P 500 ended higher on Thursday, supported by a steady stream of healthy earnings, though weakness in the biotechnology sector pressured the Nasdaq. The Dow Jones Industrial Average rose 71 points, or 0.3%, to 23,401. The S&P 500 added 3.3 points to 2,560, a gain of 0.1%. The Nasdaq Composite Index ended down 7 points, or 0.1%, at 6,557. The Nasdaq's weakness came as biotech shares sold off sharply. The iShares Nasdaq Biotechnology ETF lost 2.3% after Celgene Corp. reported disappointing results and cut its outlook. Celgene shares ended 16% lower. On the upside, Twitter Inc. rose 20% on the back of its results while Ford Motor Co. ended up 1%. The stocks of companies in the pharmaceutical supply chain dropped after a report that Amazon has obtained approval to become a wholesale distributor in a number of states. Rite Aid Corp. sank 6.2% while CVS Health Corp. was down 2.9%. CVS shares were also impacted by reports it would buy Aetna . Shares of Aetna ended 11.5% higher. Adding to the buying momentum, the House of Representatives passed a budget blueprint on Thursday, paving the way for the Senate to later pass a tax-reform package.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/25/2017 13:39:18

    Stocks tumble after weak earnings as tech, industrials sink

    US stocks are sharply lower, with the steepest drops going to technology companies and industrial firms following weak quarterly earnings

  • 10/24/2017 23:51:41

    UK Stocks-Factors to watch on Oct. 25

    Oct 25 (Reuters) - Britain's FTSE 100 index is seen opening 12 points lower at 7,514.9 points on Wednesday, according to financial spreadbetters. * FCA/RBS: The Financial Conduct Authority (FCA) is considering widening the Ombudsman service to small and medium-sized UK companies (SME) in its interim report that highlights the mistreatment of customers by Royal Bank of Scotland's Global Restructuring Group (GRG). * UK COMPANIES: Executives at some of Britain's largest companies

  • 10/23/2017 14:14:00

    Markets Right Now: Stocks fall on steep drop by GE

    US stocks are closing lower on Wall Street as industrial companies including General Electric fall and technology firms and retailers also skid

  • 10/23/2017 10:03:29

    Markets Right Now: Wall Street indexes dip at midday

    US stocks are slightly lower as midday as industrial companies including General Electric fall and health care stocks rise

  • 10/19/2017 06:39:54

    28 of 30 Dow stocks trading lower premarket

    All 30 of the Dow Jones Industrial Average components have traded premarket, and 28 of them are trading lower, as Dow futures slump 107 points. The biggest percentage decliner is Nike Inc.'s stock , which dropped 1.8% after a downgrade at Goldman Sachs. The next biggest decliners were shares of Apple Inc. , which shed 1.7% after the independent cellular connection feature of its Apple Watch was abruptly cut off in China, and American Express Co. , which was shedding 1.4% after the company reported third-quarter results late Wednesday and said CEO Kenneth Chenault will step down. Of the two gainers, shares of Verizon Communications Inc. rose 2% and Travelers Cos. inched up less than 0.1%, after both companies reported better-than-expected results earlier Thursday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/09/2017 14:38:27

    Health care and industrial companies lead US stocks lower

    US stocks end lower on a quiet day of trading as health care and industrial companies skid.

  • 09/25/2017 14:03:54

    U.S. stocks close lower as tech shares sell off

    U.S. stock-market indexes closed lower on Monday led by sharp declines in technology shares. Escalating tension between North Korea and the U.S. added to already downbeat mood on Wall Street. The S&P 500 fell 5.56 points, or 0.2%, to 2,496.66. The technology sector fell 1.4%, outweighing gains in the energy and consumer staples sectors. The tech-heavy Nasdaq Composite index slumped 56.33 points, or 0.9%, to 6,370.59. The Dow Jones Industrial Average declined 53.84 points, or 0.2%, to 22,295.75. Shares of large technology companies were among the worst performers. Netflix Inc. and Facebook Inc. shares dropped nearly 5%, though both stocks are up more than 40% year to date.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/25/2017 10:12:42

    Colgate-Palmolive's stock surges as analyst sees 'rare opportunity' to buy

    Shares of Colgate-Palmolive Co. ran up 3.4% toward a 2 1/2-month high in midday trade Monday, after the consumer products company was upgraded at Morgan Stanley, citing valuation and expectations of a re-acceleration in sales growth. Analyst Dara Mohsenian raised his rating to overweight from equal weight, and lifted his stock price target to $84 from $75. In a recent survey of investors, Mohsenian said Colgate-Palmolive scored the lowest on sentiment among the mega-cap consumer staples companies covered, which likely stems from three-straight quarters of sales growth disappointments and subpar earnings quality. But Mohsenian said he believes revenue growth will accelerate given easier comparisons and a rebound in emerging markets, at a time when the market is "mispricing" the company's strategic options and competitive position. "We see a rare opportunity to buy a well-positioned business at a valuation level close to structurally less-attractive peers, as [Colgate-Palmolive's] topline slowdown vs. peers has driven stock underperformance," Mohsenian wrote in a note to clients. The stock has lost 3.1% over the past three months, while the SPDR Consumer Staples Select Sector ETF has eased 2.2% and the S&P 500 has gained 2.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/19/2017 13:56:47

    Health care sector falls as likelihood of ACA repeal rises; UnitedHealth's stock leads Dow losers

    The health care sector traded broadly lower Tuesday, amid concerns over the potential effects of the Graham-Cassidy bill, which some analysts say is becoming increasingly likely to repeal and replace the Affordable Care Act. The SPDR Health Care Select Sector ETF shed 0.9% in afternoon trade, with 56 of its 62 components trading lower. Among the XLV's most heavily-weighted components, UnitedHealth Group's stock dropped 1.8% to pace the Dow Jones Industrial Average's decliners. The price decline of $3.61 was shaving 25 points off the Dow, which was up 44 points. Analyst Ana Gupte at Leerink Research said the bill could lead to "greater earnings downside in the near term than previous House and Senate bills for ACA-levered stocks." Among companies that Gupte said are at particular risk, shares of Centene Corp. slumped 4.6% and Molina Healthcare Inc. gave up 6.1%. Elsewhere, shares of Aetna Inc. fell 3.4%, Humana Inc. slid 3.2%, Cigna Corp. declined 1.9% and Anthem Inc. was down 2.0%. Gupte said diversified managed care organizations (MCOs) like Humana and Cigna are more defensive, though exposure should be manageable for UnitedHealth, Aetna and Anthem. The XLV has gained 4.3% over the past three months, while the S&P 500 has tacked on 2.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/14/2017 23:36:45

    UK Stocks-Factors to watch on Sept 15

    Sept 15 (Reuters) - Britain's FTSE 100 index is seen opening 8 points lower on Friday, according to financial bookmakers. * ROYAL BANK OF SCOTLAND: Britain's markets watchdog has rejected calls to publish a report into allegations Royal Bank of Scotland bankrupted small companies to pick up their assets on the cheap, saying it would instead release a detailed summary soon. * ROYAL DUTCH SHELL: Royal Dutch Shell Plc may begin resuming production at its 325,700-barrel-per-day (bp

  • 09/13/2017 15:01:18

    Retailers and energy companies lead US stocks a bit higher

    U.S. stocks are barely lower Wednesday morning as banks and technology companies give back some of their gains from earlier in the week.

  • 09/08/2017 08:18:03

    Disney price target cut at UBS as company faces new streaming costs, impact of Hurricane Irma

    Analysts at UBS lowered their 2017 and 2018 earnings estimates for Walt Disney Co. , also dropping the 12-month price target to $122 from $126 on Friday after Disney Chief Executive Bob Iger told investors that the company's earnings growth would be stagnant. During a Bank of America media, communications and entertainment conference on Thursday, Iger told those in attendance that 2017 earnings would be roughly in line with the prior year's earnings, lowering expectations from previous guidance of modest growth. Disney shares took a 5% slide during intraday trading on Thursday following Iger's comments. The lower earnings expectations, Iger said, are due, in part, to expenses tied to Disney's BAMTech investment for its stand alone streaming service and impacts Disney parks are seeing from Hurricane Irma. Lead UBS analyst Doug Mitchelson also mentioned in a note to investors lower ratings at Disney's ABC network and tough content and licensing comparisons. "Many investors are questioning how Disney's valuation can expand while estimates are coming down due to investments in the future," Mitchelson wrote, noting the irony as investors have demanded media companies stop licensing content and build streaming platforms of their own. "This is compounded by the uncertainty as to the pace of decline of the pay TV bundle and the impacts of video fragmentation. As Disney officially starts its streaming shift, Mitchelson said it's critical that ESPN demonstrate pricing power, that cable losses are shored up by virtual multichannel video programming distributors, that content and the parks business continues executing, and that Disney displays cost discipline. Disney shares have declined nearly 7% in the year to date, while the S&P 500 index is up 10% and the Dow Jones Industrial Average is up more than 10%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 20:59:56

    Asian shares mostly lower on hurricane, North Korea worries

    U.S. stocks edged lower in early trading Thursday, pulled down by insurers and other financial companies as investors weighed the prospects of big losses for the sector from Hurricane Irma.

  • 09/07/2017 10:01:18

    Markets Right Now: Stocks slip in midday trading

    U.S. stocks edged lower in midday trading, pulled down by insurers and other financial companies as investors weighed the prospects of big losses from Hurricane Irma.

  • 08/29/2017 10:04:19

    Markets Right Now: Stocks taking small losses at midday

    U.S. stocks are slightly lower in midday trading as financial and energy companies slip while industrial firms rise

  • 08/28/2017 11:41:24

    Stocks decline as storm pressures insurers and oil companies

    US stocks are mostly lower, with energy and insurance companies falling as investors anticipate damage from Tropical Storm Harvey

  • 08/28/2017 07:56:03

    Insurance stocks clobbered as investors await loss estimates for hurricane Harvey

    Insurance stocks were mostly lower Monday, as investors awaited the initial estimates of losses from hurricane Harvey, which devastated Texas over the weekend. "While it is early days and Harvey is expected to bring even more rain and flooding for another week, our best guess at this point is Harvey could result in $10-$20bn of industry insured losses making it one of the top 10 most costly hurricanes to hit the U.S.," J.P. Morgan analyst Sarah DeWitt wrote in a Monday note. CreditSights analysts said the most vulnerable lines of business include allied lines, commercial and private auto, commercial multiple peril, homeowners and farmowners multiple peril, crop mulitple peril, private crop, fire, flood and inland marine. Among the companies that are most exposed to the region, Allstate Corp. shares fell 1.7%, Progressive Corp. shares were down 2.5%, Chubb Ltd. fell 1.6%, CNA Financial Corp. was down 0.5% and Hartford Financial Services Group Inc. was down 2%. RenaissanceRe Holdings Ltd. fell 1.8% and Everest Re Group Ltd. fell 2.5%. Dow Jones Industrial Average component Travelers Cos. Inc. fell 3%, to shave about 20 points off the price-weighted index. The S&P 500 was flat. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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