Markets News
Articles 31 - 40 of most recent articles
Republic Services second-quarter net income slides
SAN FRANCISCO (MarketWatch) -- Republic Services Inc. late Thursday reported its second-quarter net income fell to $62.3 million, or 34 cents a share, from $87.2 million, or 45 cents a share, a year earlier. Revenue rose to $827.5 million from $808.4 million a year ago, the waste collection services company said. At the same time, the company affirmed its 2008 earnings outlook of $1.78 to $1.82 a share and noted that margins are remaining steady despite pressure from diesel fuel costs. The board also approved a 12% increase in the quarterly dividend to 19 cents a share. The dividend will be paid on Oct. 15 to shareholders of record on Oct. 1. 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 – 7 hours, 27 minutes ago ¦ comment?
SAN FRANCISCO (MarketWatch) -- Republic Services Inc. late Thursday reported its second-quarter net income fell to $62.3 million, or 34 cents a share, from $87.2 million, or 45 cents a share, a year earlier. Revenue rose to $827.5 million from $808.4 million a year ago, the waste collection services company said. At the same time, the company affirmed its 2008 earnings outlook of $1.78 to $1.82 a share and noted that margins are remaining steady despite pressure from diesel fuel costs. The board also approved a 12% increase in the quarterly dividend to 19 cents a share. The dividend will be paid on Oct. 15 to shareholders of record on Oct. 1. 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 – 7 hours, 27 minutes ago ¦ comment?
Clear Channel: shareholders approve private equity merger
SAN FRANCISCO (MarketWatch) -- Clear Channel Communications Inc. said Thursday that it believes its shareholders have approved the broadcasting company's merger with Bain Capital Partners LLC and Thomas H. Lee Partners L.P. Clear Channel said that an initial tally showed more than 97% of the company's total shares outstanding were cast in favor of the merger, which values Clear Channel at $36 a share. Clear Channel said it expects the merger to close on July 30.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 – 7 hours, 30 minutes ago ¦ comment?
SAN FRANCISCO (MarketWatch) -- Clear Channel Communications Inc. said Thursday that it believes its shareholders have approved the broadcasting company's merger with Bain Capital Partners LLC and Thomas H. Lee Partners L.P. Clear Channel said that an initial tally showed more than 97% of the company's total shares outstanding were cast in favor of the merger, which values Clear Channel at $36 a share. Clear Channel said it expects the merger to close on July 30.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 – 7 hours, 30 minutes ago ¦ comment?
Stocks in the Spotlight Thursday
Amazon.com, RadioShack and Qualcomm all rose. Washington Mutual fell.
Barron's Online – 7 hours, 43 minutes ago ¦ comment?
Amazon.com, RadioShack and Qualcomm all rose. Washington Mutual fell.
Barron's Online – 7 hours, 43 minutes ago ¦ comment?
Federated quarterly net income rises 5%
SAN FRANCISCO (MarketWatch) -- Federated Investors said late Thursday that second-quarter net income came in at $58 million, or 58 cents a share, up 5% from a year earlier when the asset-management company made $55.3 million, or 54 cents a share. Federated was expected to make 60 cents a share, according to the average estimate of 11 analysts in a Thomson Reuters survey. Assets under management were $333.5 billion at the end of June, up 28% from a year ago and down 1% from the end of the first quarter. 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 – 7 hours, 56 minutes ago ¦ comment?
SAN FRANCISCO (MarketWatch) -- Federated Investors said late Thursday that second-quarter net income came in at $58 million, or 58 cents a share, up 5% from a year earlier when the asset-management company made $55.3 million, or 54 cents a share. Federated was expected to make 60 cents a share, according to the average estimate of 11 analysts in a Thomson Reuters survey. Assets under management were $333.5 billion at the end of June, up 28% from a year ago and down 1% from the end of the first quarter. 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 – 7 hours, 56 minutes ago ¦ comment?
Republicans urge Bush to reject housing bill
WASHINGTON (MarketWatch) -- Some Republican members of the House Financial Services Committee urged President Bush to reject a housing bill heading for his desk, saying it risks taxpayer dollars. The bill passed by the House Wednesday and likely to be approved soon by the Senate contains a backstop for mortgage-finance giants Fannie Mae and Freddie Mac that Republicans worry will amount to a blank check. In a letter on Thursday, Rep. Spencer Bachus, R-Ala., and 13 other Republicans urged Bush to veto the bill so lawmakers can re-write language about the companies. 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 – 7 hours, 58 minutes ago ¦ comment?
WASHINGTON (MarketWatch) -- Some Republican members of the House Financial Services Committee urged President Bush to reject a housing bill heading for his desk, saying it risks taxpayer dollars. The bill passed by the House Wednesday and likely to be approved soon by the Senate contains a backstop for mortgage-finance giants Fannie Mae and Freddie Mac that Republicans worry will amount to a blank check. In a letter on Thursday, Rep. Spencer Bachus, R-Ala., and 13 other Republicans urged Bush to veto the bill so lawmakers can re-write language about the companies. 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 – 7 hours, 58 minutes ago ¦ comment?
MGIC Investment's board declares 0.025 cent dividend
SAN FRANCISCO (MarketWatch) -- MGIC Investment Corp.'s board on Thursday declared a quarterly cash dividend of 0.025 cent a share. The dividend will be paid Sept. 2 to shareholders of record on Aug. 8.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 – 8 hours, 2 minutes ago ¦ comment?
SAN FRANCISCO (MarketWatch) -- MGIC Investment Corp.'s board on Thursday declared a quarterly cash dividend of 0.025 cent a share. The dividend will be paid Sept. 2 to shareholders of record on Aug. 8.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 – 8 hours, 2 minutes ago ¦ comment?
Short interest in Nasdaq OMX total 11.18 bln July 15
SAN FRANCISCO (MarketWatch) -- Short interest in 3,143 Nasdaq OMX securities totaled 11.18 billion shares at the end the settlement date of July 15, compared with 3,141 issues and 10.45 billion shares at the end of June 30 settlement date, the exchange said late Thursday. Short interest in 2,632 Nasdaq Global Market securities totaled 10.98 billion shares, up from 10.27 billion shares in 2,633 issues in the previous reporting period. 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 – 8 hours, 8 minutes ago ¦ comment?
SAN FRANCISCO (MarketWatch) -- Short interest in 3,143 Nasdaq OMX securities totaled 11.18 billion shares at the end the settlement date of July 15, compared with 3,141 issues and 10.45 billion shares at the end of June 30 settlement date, the exchange said late Thursday. Short interest in 2,632 Nasdaq Global Market securities totaled 10.98 billion shares, up from 10.27 billion shares in 2,633 issues in the previous reporting period. 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 – 8 hours, 8 minutes ago ¦ comment?
Synovus quarterly net income drops 93%
SAN FRANCISCO (MarketWatch) -- Synovus Financial said late Thursday that second-quarter net income came in at $12.1 million, or four cents a share, down 93% from a year earlier when the lender made $162.8 million, or 49 cents a share. The company was expected to make 13 cents a share, according to the average estimate of 22 analysts polled by Thomson Reuters. Nonperforming loans were $627 million in the second quarter, an increase of $111 million from the first quarter of 2008, the company said. The rate of increase in nonperforming loans slowed in the second quarter, the company noted. 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 – 8 hours, 8 minutes ago ¦ comment?
SAN FRANCISCO (MarketWatch) -- Synovus Financial said late Thursday that second-quarter net income came in at $12.1 million, or four cents a share, down 93% from a year earlier when the lender made $162.8 million, or 49 cents a share. The company was expected to make 13 cents a share, according to the average estimate of 22 analysts polled by Thomson Reuters. Nonperforming loans were $627 million in the second quarter, an increase of $111 million from the first quarter of 2008, the company said. The rate of increase in nonperforming loans slowed in the second quarter, the company noted. 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 – 8 hours, 8 minutes ago ¦ comment?
Crocs slashes profit targets; shares plunge
SAN FRANCISCO (MarketWatch) -- Crocs Inc. late Thursday slashed its financial targets due to soft demand for its colorful rubbery sandals and other footwear. Its shares plunged 44% after its stock had been halted for trading in after-hours action. For the quarter ended June 30, Crocs said earnings would be between 3 cents and 7 cents a share and revenue would be in the range of $218 million and $223 million. The company had previously estimated its earnings would be in the range of 42 cents to 47 cents a share and revenue would be $247 million to $258 million. "While we did experience solid sell-through with many of our major accounts, retailers across the board were extremely cautious with their level of reorders, choosing to operate with leaner inventories versus a year ago," CEO Ron Snyder said in a statement. Crocs shares traded at $4.75 in recent trades, well off its 52-week high of $75.21 last October. 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 – 8 hours, 12 minutes ago ¦ comment?
SAN FRANCISCO (MarketWatch) -- Crocs Inc. late Thursday slashed its financial targets due to soft demand for its colorful rubbery sandals and other footwear. Its shares plunged 44% after its stock had been halted for trading in after-hours action. For the quarter ended June 30, Crocs said earnings would be between 3 cents and 7 cents a share and revenue would be in the range of $218 million and $223 million. The company had previously estimated its earnings would be in the range of 42 cents to 47 cents a share and revenue would be $247 million to $258 million. "While we did experience solid sell-through with many of our major accounts, retailers across the board were extremely cautious with their level of reorders, choosing to operate with leaner inventories versus a year ago," CEO Ron Snyder said in a statement. Crocs shares traded at $4.75 in recent trades, well off its 52-week high of $75.21 last October. 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 – 8 hours, 12 minutes ago ¦ comment?
Qimonda's third-quarter net loss widens
SAN FRANCISCO (MarketWatch) -- Munich-based chipmaker Qimonda AG late Thursday reported its third-quarter net loss widened to 401 million euros ($628.8 million), or 1.17 euros a share, from a loss of 218 million euros, or 0.64 euro a share, a year earlier. Net sales totaled 384 million euros, down from 740 million euros a year ago. "We expect to complete our workforce reduction and our cost reduction program by end of September asplanned, which we believe will enable us to lower our breakeven point by about 45 million euros per quarter. With the progress we have made, we feel well positioned for further recovery in our margins in the coming quarters," said Chief Executive Kin Wah Loh, in a statement. Infineon owns a majority stake in the chipmaker. 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 – 8 hours, 20 minutes ago ¦ comment?
SAN FRANCISCO (MarketWatch) -- Munich-based chipmaker Qimonda AG late Thursday reported its third-quarter net loss widened to 401 million euros ($628.8 million), or 1.17 euros a share, from a loss of 218 million euros, or 0.64 euro a share, a year earlier. Net sales totaled 384 million euros, down from 740 million euros a year ago. "We expect to complete our workforce reduction and our cost reduction program by end of September asplanned, which we believe will enable us to lower our breakeven point by about 45 million euros per quarter. With the progress we have made, we feel well positioned for further recovery in our margins in the coming quarters," said Chief Executive Kin Wah Loh, in a statement. Infineon owns a majority stake in the chipmaker. 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 – 8 hours, 20 minutes ago ¦ comment?
