Новости за 28.09.2016

Shares of Pier 1 Inc. soared in Wednesday's extended session after the retailer posted a quarterly loss that was smaller than projected. Pier 1 reported it swung to a second-quarter loss of $4.01 million, or 5 cents a share, from a profit of $3.2 million, or 4 cents a share, in the same quarter last year. Revenue fell 6.7% to $405.8 million while same-store sales shrank 4.3%. Analysts surveyed by FactSet had forecast a loss of 6 cents a share on revenue of $406 million. For the third quarter... Читать дальше...

Shares of Intra-Cellular Therapies Inc. fell 68% late Wednesday after the company said results from a second clinical trial of a drug it was developing for schizophrenia stumbled into a high placebo response, unlike a control drug. Shares had been halted earlier. In the trial, Intra-Cellular's drug "was statistically significantly better" than the control drug on key safety and tolerability, the company said in a statement. The company said it planned to request a meeting with the FDA to discuss the regulatory path for its drug... Читать дальше...

In a speech, Cleveland Fed President Loretta Mester said it would be prudent to raise interest rates now, as she explained why she dissented from last week's decision to keep rates steady. "In the face of evidence that the economy is on track to meet our goals over the medium run, sometimes being prudent means moving the policy rate up," she said. Mester, one of 3 voters who wanted a quarter-point hike, said previous risks including the volatility in financial markets at the start of the year... Читать дальше...

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Shares of Progress Software Corp. fell more than 9% late Wednesday after the company missed fiscal third-quarter sales and earnings expectations. Progress said it earned $7.6 million in the quarter, or 15 cents a share, reverting a loss of $4.1 million, or 8 cents a share, in the year-ago period. Adjusted for one-time items, Progress said it earned $21.6 million, or 44 cents a share, compared with $20 million, or 39 cents a share, a year ago. Sales reached $102 million, up from $94.6 million a year ago. Читать дальше...

Congress votes to override President Barack Obama’s veto of a bill that would allow the families of the victims of the Sept. 11, 2001, attacks to sue Saudi Arabia for any role in the plot.

A flurry of sales and profit warnings suggest the next earnings season will be grim.

A flurry of sales and profit warnings suggest the next earnings season will be grim.

Netflix is pumping a lot of money into its shows and producing some of the most expensive TV ever made.

Netflix is pumping a lot of money into its shows and producing some of the most expensive TV ever made.

Netflix is pumping a lot of money into its shows and producing some of the most expensive TV ever made.

Shares of Intra-Cellular Therapies Inc. were halted late Wednesday after the pharma company said results from a second clinical trial of a drug it was developing for schizophrenia stumbled into a high placebo response, unlike a control drug. In the trial, Intra-Cellular's drug "was statistically significantly better" than the control drug on key safety and tolerability, the company said in a statement. "Drug development in psychiatry faces numerous challenges and approved antipsychotics have... Читать дальше...

If investors are at all worried about valuations, political risks or anything else, money flows into exchange-traded funds don't betray such fears

U.S. stocks closed higher Wednesday as oil prices surged on reports of an OPEC deal that would freeze production. The Dow Jones Industrial Average closed up 110.94 points, or 0.6%, to 18,339.24, with shares of ExxonMobil Corp. and Caterpillar Inc. closing up more than 4%. The S&P 500 index finished up 11.44 points, or 0.5%, at 2,171.37, with the energy sector jumping 4.3%. The Nasdaq Composite index gained 12.84 points, or 0.3%, to close at 5,318.55. Oil prices settled up 5.3% at $47.05... Читать дальше...

WASHINGTON (MarketWatch) -- The state treasurer of California has suspended Wells Fargo from "highly profitable" relationships including underwriting state bonds, due to the scandal over opening two million fraudulent customer accounts. The suspension takes place immediately and will last 12 months, State Treasurer John Chiang said. Chiang also said the $2.3 billion state pension funds have invested in Wells Fargo will be used to pursue reforms including the separation of the chairman and CEO... Читать дальше...

U.S. stocks end higher after reported OPEC agreement sends oil soaring

Fewer companies are spending money on buybacks as share prices trend near record levels but those companies with huge buyback programs are still running strong.

Fewer companies are spending money on buybacks as share prices trend near record levels but those companies with huge buyback programs are still running strong.

Senate passes bill to keep government funded through Dec. 9

BlackBerry has thrown in the towel in its battle with Apple’s iPhone, saying it will no longer make its own cell phones.

Deutsche Bank desperately needs to shore up its thin capital margins, and that likely means more pain for shareholders.

The Senate passed a bill Wednesday that would fund the government through Dec. 9 and avert a shutdown this weekend. The bill now goes to the House of Representatives. The government is currently funded through the end of the day Friday. Democrats had opposed the funding bill until a deal was struck on aid for the Flint, Mich., water crisis. The aid is in a separate measure.

The House of Representatives voted Wednesday to override President Barack Obama's veto of a bill that would allow families of the victims of the Sept. 11 attacks to sue Saudi Arabia. The House's vote follows the Senate's, marking the first time Congress has overridden a veto by Obama. Obama has said allowing private lawsuits against foreign countries would be detrimental to U.S. interests. Saudi Arabia has strongly opposed the bill and threatened to liquidate its holdings of U.S. Treasurys if the bill is approved. Читать дальше...

Business development companies can be volatile, but the yields may be worth it if you can hold on for many years, says Phil van Doorn

This family has a dispute over money loaned to pay off a mortgage.