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Same-store sales plunge sinks Abercrombie shares
ReutersAbercrombie & Fitch Co. shares dropped as much as 10 percent Friday on weaker-than-expected same-store sales in the first quarter. The retailer's stock closed at $50.02, down 8 percent. Sales at stores open at least a year, combined with online sales,...Tags: Services and Shopping, Hardware, Aeropostale Inc., Tools and Hardware, American Eagle Outfitters Incorporated
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CANADA STOCKS-TSX may open lower on fears of less Fed stimulus
ReutersMay 24 (Reuters) - Canada's main stock index looked set to open lower on Friday as better-than-expected German economic data was overshadowed by fears that the U.S. Federal Reserve is considering an early decrease of its $85 billion monetary stimulus...Tags: Abercrombie & Fitch Company, Federal Reserve, Enbridge Incorporated, Money and Monetary Policy, Old Navy
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Disruptions tighten copper supply, surplus narrows
Reuters* Copper surplus forecast at 98,500 T in Reuters April poll * Some analysts scaling back forecasts after mining problems * Potential for labour strife in Chile ahead of elections By Melanie Burton and Eric Onstad SINGAPORE/LONDON, May 24 (Reuters) - A...Tags: Indonesia, Elections, Mining, Politics, Metal and Mineral
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Cortes en producción ajustan suministro de cobre, superávit se estrecha
ReutersPor Melanie Burton y Eric Onstad SINGAPUR/LONDRES, 24 mayo (Reuters) - El cese de las operaciones en algunas minas y problemas en el suministro han alentado a algunos analistas a rebajar sus pronósticos de un superávit en el mercado del cobre, aunque... -
US high-yield investors absorb 19 deals this week
ReutersBy Joy Ferguson NEW YORK, May 24 (IFR) - High-yield investors digested another 19 US dollar deals worth USD10.53bn this week, bringing the month-to-date total to USD43.63bn from 83 deals. This is more than double the amount priced for the full month...Tags: Elan Corporation Plc, Century Aluminum Company, Financial Markets, Banking, Bonds
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U.S. muni bond sales to total $4 billion next week
ReutersNEW YORK, May 24 (Reuters) - U.S. municipal bond sales are expected to fall to $4 billion next week, shortened for Monday's Memorial Day holiday, from this week's revised $5.2 billion, according to Thomson Reuters estimates released on Friday....Tags: Metropolitan Transportation Authority, Economic Stimulus Plan, Bank of America Corp., Bonds, Memorial Day
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COMMODITIES-Biggest weekly loss in a month for oil; gold up on week
Reuters* Industrial commodities weighed down by shaky China demand * Brent crude oil down about 2 percent on week * Gold rises 2 pct on week, helped by conviction of more stimulus * Copper little changed on both the day and week By Barani Krishnan NEW YORK, May...Tags: Gold and Precious Material, Petroleum Industry, Unemployment Benefits, China, Central Bank
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Global follow-on share offerings hit all-time high
ReutersLONDON, May 24 (Reuters) - Global follow-on share sale volumes have hit their highest year-to-date level since records began in 1980, powered by sellers taking advantage of rallying stock markets, Thomson Reuters data showed on Friday. According to the...Tags: Goldman Sachs Group, Inc., China
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Deals of the day -- mergers and acquisitions
Reuters(Adds Dell Inc, Orkla, Marathon Oil, Elan, prada, Telecom Italia and others) May 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Activist investor Carl Icahn and Southeastern Asset...Tags: Finance, Blackstone Group, L.P., Softball, Restructuring and Recapitalization, Orkla ASA
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Salesforce.com posts first-quarter revenue above expectations
ReutersMay 23 (Reuters) - Salesforce.com posted fiscal first-quarter revenue of $893 million and a net loss of $67.7 million, or 12 cents a share, as demand for cloud-based business software grows despite a shaky economy. Analysts on average expected revenue of... -
Sears posts bigger-than-expected loss as cold weather bites
ReutersMay 23 (Reuters) - U.S. retailer Sears Holdings reported a larger-than-expected quarterly loss as cooler weather hurt sales at its department stores and said it was considering a sale of its protection agreement business to shore up liquidity. The...Tags: Sears Holdings Corp., Kmart
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Gap profit soars; Aeropostale first quarter sales plummet
Reuters(Reuters) - Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia. Gap has staged a comeback in the last few years, offering hipper fashions that have...Tags: Aeropostale Inc., Gap Inc., Earnings Forecasts, Old Navy
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