Новости за 11.05.2016

Fitch Ratings downgraded its long-term issuer default rating on The Gap Inc. into speculative grade, or "junk", status Wednesday after the retailer warned about slumping sales in its first quarter. The agency cut the rating to BB-plus from BBB-minus and said the outlook is stable. The move "reflects Fitch's reduced confidence in stabilization of sales, expectations of continued gross margin volatility, and belief that Gap will need to continue using real estate actions and large-scale cost reduction... Читать дальше...

U.S. stocks opened lower on Wednesday, as disappointing earnings reports by companies like Walt Disney Co. , Macy's Inc. and Staples Inc. weighed on the broader market. A retreat in crude oil prices added to the selling pressures in the equity market, a day after the S&P and the Dow logged their largest daily gain in about two months. The S&P 500 was down 5 points, or 0.2%, to 2,079. The Dow Jones Industrial Average lost 69 points, or 0.4%, to 17,858 at the open. Meanwhile, the Nasdaq Composite began the session down 13 points... Читать дальше...

Nike co-founder Phil Knight’s new autobiography shows that to make a fortune, you need a lot of luck, writes Brett Arends.

The stock market’s new Real Estate sector could bring more investors to REITs, writes John Coumarianos.

The stock market’s new Real Estate sector could bring more investors to REITs, writes John Coumarianos.

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Ad firm JCDecaux’s shares are facing their worst loss in seven years, contributing to a loss for the benchmark Stoxx Europe 600.

Ad firm JCDecaux’s shares are facing their worst loss in seven years, contributing to a loss for the benchmark Stoxx Europe 600.

Macy's Inc. shares fell 7.5% in Wednesday premarket trading after the retailer reported first-quarter sales that missed expectations and issued a profit warning. Macy's reported net income of $115 million, or 37 cents per share, down from $193 million, or 56 cents per share, for the same period last year. Adjusted earnings were 40 cents per share, beating the FactSet consensus of 36 cents per share. Revenue for the quarter totaled $5.8 billion, down from $6.2 billion and below the $5.9 billion FactSet consensus. Читать дальше...

One day does not a summer make, but if the S&P 500 can bust through an old door, then the next few months may not be such a bad time to own stocks after all.

One day does not a summer make, but if the S&P 500 can bust through an old door, then the next few months may not be such a bad time to own stocks after all.

One day does not a summer make, but if the S&P 500 can bust through an old door, then the next few months may not be such a bad time to own stocks after all.

Nike co-founder Phil Knight’s new autobiography shows that to make a fortune, you need a lot of luck, writes Brett Arends.

Macy's shares drop premarket as company cuts same-store sales view for 2016

Wendy's Co. shares jumped 5.1% in Wednesday premarket trading after the fast-food company's first-quarter earnings beat expectations and it raised its 2016 outlook. Wendy's reported net income of $25.4 million, or 9 cents per share, compared with $27.5 million, or 7 cents per share, for the same period last year. Adjusted earnings were 11 cents per share, exceeding the FactSet consensus of 6 cents per share. Revenue for the quarter fell to $378.8 million from $451.8 million, beating the FactSet consensus of $351 million. Читать дальше...

Walt Disney Co.'s stock tumbled more than 5% in premarket trade Wednesday, enough to push the Dow Jones Industrial Average firmly into negative territory, on the heels of disappointing quarterly results. The shares shed $5.50, or 5.1%, ahead of the open, which would shave about 38 points off the Dow's price. Dow futures were down 45 points. The stock is on track to open at the lowest price seen during regular session hours since April 18.

As Valeant’s pricing and accounting crises played out last year, Ackman and management were scrambling to reframe the issues.

Wendy's shares up 12% premarket after fast-food chain raises 2016 outlook

Wall Street stocks look to be headed for a lower open, weighed down by declines for Walt Disney and Staples.

Wall Street stocks look to be headed for a lower open, weighed down by declines for Walt Disney and Staples.

Divorces cause tax issues, including which parent is allowed to claim valuable tax breaks related to the kids.

Owners of basketball teams like the former NBA star are pressuring the Chinese government to make market-oriented changes to pro sports.

Stocks in the Philippines surge as unofficial presidential election results show Rodrigo Duterte heading for victory. In Australia, shares hit their highest in nearly nine months.

Turning Point Brands Inc. said Wednesday it priced its initial public offering at $10 a share. The provider of alternative tobacco products such as snuff and smokeless products sold 5.4 million shares to raise $54 million. The stock will start trading today under the symbol "TPB". Cowen & Co. LLC and FBR Capital Markets & Co. were joint leads on the deal.

The nation’s busiest ports are emerging as a key battleground in the legal fight over whether truck drivers should be counted as employees or independent contractors.