Tag Archives: percent
Macy’s profit, sales rise even as some shoppers pull back
By Phil Wahba (Reuters) – Macy's Inc reported higher first-quarter profit and sales on Wednesday as it won market share from rival department stores. The company's shares closed up 2.5 percent at $48.57, near a year high Continue reading
Asian shares steady after 2-day losing streak, dollar pauses
By Chikako Mogi TOKYO (Reuters) – Asian shares steadied on Tuesday, snapping a two-day losing streak as a suprising rise in U.S. retail sales boosted optimism about the recovery in the world's largest economy, but the dollar took a breather after recent broad gains ahead of more data. Continue reading
Wall St jumps as banks lead S&P 500 to new high
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks rose and extended a recent rally on Tuesday, with the Dow and the S&P 500 hitting new intraday highs as investors bet that the market's upward momentum would keep going. Continue reading
Exclusive: Brazil’s Rousseff sides with farmers in Indian land fight
By Brian Winter and Caroline Stauffer BRASILIA/SAO PAULO (Reuters) – Brazilian President Dilma Rousseff has ordered her government to stop confiscating farmland to create new Indian reservations, government officials say, a policy reversal with major implications for one of the world's top agricultural producers. Continue reading
Wall Street ends near flat after recent highs; healthcare climbs
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks closed little changed on Monday, pausing after hitting record highs last week, but strength in healthcare issues helped to keep declines in check. The S&P 500 healthcare sector climbed 0.7 percent and was the day's best performer. Shares of Theravance jumped 17.9 percent to $41.20 after Irish drugmaker Elan agreed to a $1 billion deal to buy 21 percent of the royalties that Theravance receives from GlaxoSmithKline for its respiratory drugs Continue reading
Wall Street Week Ahead: ‘Sell in May and Go Away?’ Not This Year
By Angela Moon NEW YORK (Reuters) – With the Dow and the S&P 500 setting another string of record closing highs this week, the old Wall Street adage “Sell in May and Go Away” is starting to look weak. Closing out the second week of May, the Standard & Poor's 500 index is up 2.3 percent for the month Continue reading
Jury considers death penalty in Arias case
Nationally, women account for only about 2 percent of death sentences. Continue reading
U.S. companies’ overseas earnings hit $1.9 trillion
By Dena Aubin NEW YORK (Reuters) – Large U.S. companies boosted their offshore earnings by 15 percent last year to a record $1.9 trillion, avoiding hefty tax bills by keeping the profits abroad, according to a new report Continue reading
Tesla first-quarter profit tops forecast, lifts sales outlook
By Deepa Seetharaman DETROIT (Reuters) – Tesla Motors Inc reported its first-ever quarterly profit on Wednesday, trouncing Wall Street estimates, as the 10-year-old automaker delivered nearly 5,000 Model S electric cars during the first three months of the year. The company, led by billionaire Elon Musk, said it expects to deliver 21,000 Model S cars worldwide, up 5 percent from its earlier target of 20,000. Eventually, global demand for its Model S electric car may surpass 30,000 vehicles a year, it said. Continue reading
News Corp results beat estimates, spin-off on track
By Lisa Richwine (Reuters) – Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks, and said it is on track to split off its slow-growing publishing business by the end of June. Its revenue rose 14 percent from a year earlier to $9.5 billion in the quarter, ended March 31, News Corp said on Wednesday. Continue reading
