NEW YORK (AP) — Shares of online jewelry retailer Blue Nile Inc. rose in premarket trading on Friday, after third-quarter profit rose 10 percent and a Deutsche Bank analyst upgraded the stock, seeing bright prospects for market share and its international business.
Still, the analyst raised his price target on the shares to a level below Thursday’s closing price because he thinks the stock is too expensive.
HARTFORD, Conn. (AP) — An analyst upgraded Willbros Group Inc. Friday on signs that the oil industry contractor’s key operations are improving.
Analyst Tahira Afzal of KeyBanc Capital Markets upgraded the Houston company to Buy” from “Hold” and established a price target of $21.
By Brad Dorfman
CHICAGO (Reuters) – Sara Lee Corp (NYSE:SLE – News) posted higher-than-expected quarterly earnings and raised its full-year earnings forecast on Thursday, and its shares rose 3.5 percent.
NEW YORK (Reuters) – Hyatt Hotels Corp (NYSE:H – News) shares jumped 8 percent in their debut on the New York Stock Exchange Thursday, spurred by the hotel company’s strong balance sheet and low valuation.
The $950 million initial public offering of Chicago-based Hyatt is the second-largest on the NYSE this year, after Banco Santander (NYSE:BSBR – News).
NEW YORK (AP) — YRC Worldwide Inc. shares plunged more than 50 percent Monday after the struggling trucking company said it is launching a debt exchange offer that could drastically reduce current shareholders’ stakes.
The move is part of YRC’s effort to get access to cash and avoid a bankruptcy filing, which has been rumored for months. It has struggled to integrate two of it units and suffered through a dramatic falloff in freight demand amid Read the rest of this entry »
By David Bailey and Soyoung Kim
DETROIT (Reuters) – Ford Motor Co (NYSE:F – News) posted a $1 billion quarterly profit on Monday, defying Wall Street forecasts of a loss, as it cut costs and gained market share, leading it to raise its 2011 outlook to “solidly profitable” from break-even. Read the rest of this entry »
NEW YORK (AP) — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange:
NYSE: Read the rest of this entry »
NEW YORK (AP) — Motorola Corp. shares gained Monday and BlackBerry maker Research in Motion Ltd. declined after Citi Investments Research predicted that Motorola and others could break the BlackBerry’s grip on the corporate cell phone market.
“The revolution of product and application service offerings is going to start to crack open the enterprise door and could pose a risk for BlackBerry,” Citi analyst Jim Suva told investors in a note. Read the rest of this entry »
By Ellis Mnyandu
NEW YORK (Reuters) – The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won’t be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup’s balance sheet. Read the rest of this entry »
NEW YORK (AP) — Shares of Zale Corp. fell on Friday after the company said it is being investigated by the Securities and Exchange Commission.
The SEC probe comes after the jewelry seller said it would restate its 2008 and 2009 earnings following a review of its accounting for advertising costs. Read the rest of this entry »
