Detroit Reman set to buy Mascot Truck Parts
Markets Right Now: US stocks waver in midday trading
The latest on developments in financial markets (All times local): 11:45 a.m. Stocks were drifting between small gains and losses in midday trading, the latest meandering course for a market that's been ...
FTSE 100 gains but Dixons Carphone feels the pain
By Kit Rees LONDON (Reuters) - FTSE 100 rose on Thursday as shares in Provident Financial (PFG.L) and WPP (WPP.L) rallied, but a profit warning sent Dixons Carphone (DC.L) tumbling. The blue-chip FTSE ...
Berkshire Hathaway shares hit all-time high despite Buffett’s energy deal unraveling
Warren Buffett's conglomerate won't get a credit rating downgrade by S&P, after all
Cyclicals boost European shares while Dixons Carphone plummets
Gains by cyclical sectors helped push European stocks higher on Thursday while heavy losses in Dixons Carphone (DC.L) after a profit warning dominated trading. Dixons Carphone shares plummeted as much as 29 percent after the mobile phone retailer downgraded expectations for full-year profit, reflecting tougher conditions in the mobile market as customers hold on to handsets for longer. "With the December results some way off and Black Friday week (of retail discounts) looming, Dixons will be under pressure to provide additional detail on today's complex variables in coming weeks," said Stifel analysts.
Destination XL reports 2Q loss
The Canton, Massachusetts-based company said it had a loss of 8 cents per share. Losses, adjusted for pretax expenses, came to 5 cents per share. The retailer of big and tall apparel posted revenue of ...
Michaels tops Street 2Q forecasts
The Irving, Texas-based company said it had net income of 19 cents per share. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was ...