Markets News
Articles 21 - 30 of most recent articles
Johnson Outdoors profit down 5.9%
LONDON (MarketWatch) -- Johnson Outdoors Inc. said Friday that its fiscal third-quarter net profit fell 5.9% to $7.8 million, or 84 cents a share, from $8.3 million, or 89 cents a share, a year earlier. Revenue for the quarter ended June 27 fell 5.8% to $141.2 million. Earnings from continuing operations were 85 cents a share. The company said third-quarter revenues, which are traditionally the highest in the year, suffered from the weak economy and the effects of a soft domestic boat market on its marine electronics business.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.
MarketWatch.com – 2 hours, 38 minutes ago ¦ comment?
LONDON (MarketWatch) -- Johnson Outdoors Inc. said Friday that its fiscal third-quarter net profit fell 5.9% to $7.8 million, or 84 cents a share, from $8.3 million, or 89 cents a share, a year earlier. Revenue for the quarter ended June 27 fell 5.8% to $141.2 million. Earnings from continuing operations were 85 cents a share. The company said third-quarter revenues, which are traditionally the highest in the year, suffered from the weak economy and the effects of a soft domestic boat market on its marine electronics business.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.
MarketWatch.com – 2 hours, 38 minutes ago ¦ comment?
Beckman Coulter net drops after year-ago fees; sales rise
LONDON (MarketWatch) -- Beckman Coulter said second-quarter net income fell to $47.8 million, or 74 cents a share, while revenue rose 16% to $798.3 million on the back of gains in clinical diagnostics. On an adjusted basis that strips out last year's $40.6 million gain from a break-up fee, earnings rose to 89 cents a share from 75 cents a share. For the year, it sees adjusted earnings between $3.55 and $3.65 a share on revenue growth between 12% and 14%, with the revenue range guidance up by one percentage points at both ends. Analysts polled by FactSet Research expected earnings of 86 cents a share for the quarter and $3.60 for the year.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.
MarketWatch.com – 2 hours, 43 minutes ago ¦ comment?
LONDON (MarketWatch) -- Beckman Coulter said second-quarter net income fell to $47.8 million, or 74 cents a share, while revenue rose 16% to $798.3 million on the back of gains in clinical diagnostics. On an adjusted basis that strips out last year's $40.6 million gain from a break-up fee, earnings rose to 89 cents a share from 75 cents a share. For the year, it sees adjusted earnings between $3.55 and $3.65 a share on revenue growth between 12% and 14%, with the revenue range guidance up by one percentage points at both ends. Analysts polled by FactSet Research expected earnings of 86 cents a share for the quarter and $3.60 for the year.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.
MarketWatch.com – 2 hours, 43 minutes ago ¦ comment?
Dollar rally runs out of steam
The dollar eased on Friday as weakness in US financial stocks and rising oil prices took the steam out of its recent rally.
Financial Times – 2 hours, 45 minutes ago ¦ comment?
The dollar eased on Friday as weakness in US financial stocks and rising oil prices took the steam out of its recent rally.
Financial Times – 2 hours, 45 minutes ago ¦ comment?
HBOS Better Off Whole
Shares drop on reports that JPMorgan is putting together a consortium bid to break up the bank.
Forbes.com – 2 hours, 49 minutes ago ¦ comment?
Shares drop on reports that JPMorgan is putting together a consortium bid to break up the bank.
Forbes.com – 2 hours, 49 minutes ago ¦ comment?
Daimler in talks over acquiring 42% stake in Russia's Kamaz
LONDON (MarketWatch) -- German automaker Daimler AG said Friday that it's considering acquiring a 42% stake in Russian truck manufacturer Kamaz from investment company Troika Dialog. Daimler said it has been chosen as the exclusive negotiating partner for the stake and has started due diligence, though it didn't announce a likely price. Daimler said it has also been considering the option of building a new factory for local assembly of Daimler Trucks as a way into the Russian market. It expects to make a final decision on its strategy in Russia by the end of the year. Earlier Reuters reported Daimler could buy the 42% stake and then build it into a majority position.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.
MarketWatch.com – 2 hours, 56 minutes ago ¦ comment?
LONDON (MarketWatch) -- German automaker Daimler AG said Friday that it's considering acquiring a 42% stake in Russian truck manufacturer Kamaz from investment company Troika Dialog. Daimler said it has been chosen as the exclusive negotiating partner for the stake and has started due diligence, though it didn't announce a likely price. Daimler said it has also been considering the option of building a new factory for local assembly of Daimler Trucks as a way into the Russian market. It expects to make a final decision on its strategy in Russia by the end of the year. Earlier Reuters reported Daimler could buy the 42% stake and then build it into a majority position.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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Japan stocks drop on overnight US lossesAP - Japanese stocks fell sharply Friday as Wall Street's overnight plunge renewed lingering concerns about the U.S. economy.
Yahoo! – 3 hours, 17 minutes ago ¦ comment?
Suppliers halting shipments to Boscov's: report
LONDON (MarketWatch) -- About half the major suppliers to Boscov's, a family-held Reading, Pa.-based department store with stores across the mid-Atlantic, have halted merchandise shipments for lack of payments, The New York Post reported Friday, citing unnamed sources. In addition, big commercial lenders including CIT, GMAC and Milberg have stopped guaranteeing deliveries to Boscov's stores, the report added. Sources say Boscov's management is still looking for alternatives to a bankruptcy filing, including the closing of up to 10 money-losing stores, and the family that runs the store injected $28 million into it three weeks ago.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.
MarketWatch.com – 3 hours, 28 minutes ago ¦ comment?
LONDON (MarketWatch) -- About half the major suppliers to Boscov's, a family-held Reading, Pa.-based department store with stores across the mid-Atlantic, have halted merchandise shipments for lack of payments, The New York Post reported Friday, citing unnamed sources. In addition, big commercial lenders including CIT, GMAC and Milberg have stopped guaranteeing deliveries to Boscov's stores, the report added. Sources say Boscov's management is still looking for alternatives to a bankruptcy filing, including the closing of up to 10 money-losing stores, and the family that runs the store injected $28 million into it three weeks ago.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.
MarketWatch.com – 3 hours, 28 minutes ago ¦ comment?
U.S. foreclosures more than double in second quarter
LONDON (MarketWatch) -- U.S. foreclosures in the second quarter more than doubled from the year-earlier quarter and rose nearly 14% from the previous quarter, RealtyTrac said Friday. "Although much of the fallout from foreclosures is being driven by rampant activity in a few states, such as Nevada, California, Florida, Ohio, Arizona and Michigan, most areas of the country are seeing at least some increase in foreclosure activity," said James J. Saccacio, chief executive officer of RealtyTrac. Bank repossessions accounted for 30% of the activity, up from 24% in the first quarter, which RealtyTrac showed was a sign of progression toward purging the problem loans out of the system.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.
MarketWatch.com – 3 hours, 36 minutes ago ¦ comment?
LONDON (MarketWatch) -- U.S. foreclosures in the second quarter more than doubled from the year-earlier quarter and rose nearly 14% from the previous quarter, RealtyTrac said Friday. "Although much of the fallout from foreclosures is being driven by rampant activity in a few states, such as Nevada, California, Florida, Ohio, Arizona and Michigan, most areas of the country are seeing at least some increase in foreclosure activity," said James J. Saccacio, chief executive officer of RealtyTrac. Bank repossessions accounted for 30% of the activity, up from 24% in the first quarter, which RealtyTrac showed was a sign of progression toward purging the problem loans out of the system.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.
MarketWatch.com – 3 hours, 36 minutes ago ¦ comment?
Enel, Endesa upgraded to equal-weight at Morgan Stanley
LONDON (MarketWatch) -- Morgan Stanley upgraded electricity utilities Enel and Endesa to equal-weight from underweight Friday, saying the worst-case scenario for the companies is now priced into shares. Enel is the majority shareholder in Endesa and Morgan Stanley said a mix of higher interest rates, poor synergies between the firms and disappointing asset valuations have all been factored into the stocks.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.
MarketWatch.com – 3 hours, 49 minutes ago ¦ comment?
LONDON (MarketWatch) -- Morgan Stanley upgraded electricity utilities Enel and Endesa to equal-weight from underweight Friday, saying the worst-case scenario for the companies is now priced into shares. Enel is the majority shareholder in Endesa and Morgan Stanley said a mix of higher interest rates, poor synergies between the firms and disappointing asset valuations have all been factored into the stocks.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.
MarketWatch.com – 3 hours, 49 minutes ago ¦ comment?
Munich Re warns on profit after write-downs on equity assets
LONDON (MarketWatch) -- German reinsurance group Munich Re warned Friday that its profit in 2008 will be below its forecast range of 3 billion euros to 3.4 billion euros ($4.7 billion to $5.3 billion) due to the turmoil in capital markets, which has hurt the firm's investment result in the first half of the year. Profit for the second quarter is expected to be around 600 million euros, compared to 1.16 billion euros a year earlier. Profit for the year should still be "well above" 2 billion euros, the group added. Munich Re said equities account for under 7% of its assets, nevertheless, substantial write-downs have been taken on its equity portfolio and if price levels stay the same, further write-downs of equities will be needed over the rest of the year.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.
MarketWatch.com – 4 hours ago ¦ comment?
LONDON (MarketWatch) -- German reinsurance group Munich Re warned Friday that its profit in 2008 will be below its forecast range of 3 billion euros to 3.4 billion euros ($4.7 billion to $5.3 billion) due to the turmoil in capital markets, which has hurt the firm's investment result in the first half of the year. Profit for the second quarter is expected to be around 600 million euros, compared to 1.16 billion euros a year earlier. Profit for the year should still be "well above" 2 billion euros, the group added. Munich Re said equities account for under 7% of its assets, nevertheless, substantial write-downs have been taken on its equity portfolio and if price levels stay the same, further write-downs of equities will be needed over the rest of the year.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.
MarketWatch.com – 4 hours ago ¦ comment?
