Yum Brands, Monsanto, Family Dollar, Costco, Google are among big market movers WednesdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: Marriott International to release third quarter results, record $760 million chargeCHICAGO — Marriott International Inc. reports results for its fiscal third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. Alcoa posts surprise 3rd-quarter profit of $77M; forecasts higher global aluminum demandPITTSBURGH — Painful cost-cutting and rising sales to automakers helped the nation’s largest aluminum producer return to profitability for the first time in nine months. Alcoa reports surprise 3rd-quarter profit of $77M, forecasts higher global aluminum demandPITTSBURGH — Alcoa Inc., the largest U.S. aluminum producer, on Wednesday said it returned to profitability after three consecutive quarterly losses, helped by cost-cutting and rising orders from automakers and other big manufacturers. Stocks finish mixed after 2 days of gains as investors wait for Alcoa; Dollar reboundsNEW YORK — After two big days, it was time for the stock market to take a break. Signs of hard times for shoppers: fixation on bargains at Family Dollar; Pizza Hut strugglesNEW YORK — People aren’t just shopping more at Family Dollar. They’re buying the cheapest stuff on its racks. Even Pizza Hut’s sales are slowing as consumers seek fast-food bargains. Bargaining begins in earnest for control of 3 Trump casinos in Atlantic CityCAMDEN, N.J. — Both sides in the battle to buy Trump Entertainment Resorts and its three Atlantic City casinos out of bankruptcy are digging deeper in their pockets to try to make it happen. Seed maker Monsanto posts larger 4Q loss as herbicide sales slump, adjusted earns top viewST. LOUIS — Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on lower revenue, led by a drop in sales of its Roundup herbicide which is facing on onslaught of generic competition. Stocks slip after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Investors waiting for earnings reports to start in earnest sent stocks modestly lower Wednesday following a two-day spike. GM’s US sales chief leaves as company tries to boost market shareDETROIT — General Motors Co.’s North American sales chief is leaving the automaker as it continues its furious effort to get leaner and boost its slipping market share, GM CEO Fritz Henderson said Wednesday. Stock trading is muted after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Stocks are wavering after a two-day spike as the dollar rebounds and traders await corporate profit reports. Stocks fall in early trading as dollar strengthens; investors await corporate earnings reportsNEW YORK — Stocks fell after a two-day spike as the dollar rebounded and traders awaited corporate profit reports. Stocks slide in early trading as dollar strengthens; investors await start of earnings seasonNEW YORK — Stocks are slipping in early trading as investors await the kickoff of earnings season and as the dollar strengthened. Cisco upgraded to ‘Outperform’ at William Blair; analyst sees pent-up demand, new dealsNEW YORK — Cisco Systems Inc. is winning new deals and benefiting from a broad economic recovery, a William Blair analyst said Wednesday as he upgraded the company’s stock. Seed maker Monsanto 4Q loss widens as sales slumpST. LOUIS — Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on a decrease in revenue, led by a drop in sales of its Roundup herbicide brand. Costco 4th-quarter profit slips partly on stronger dollar, but tops analysts’ estimatesNEW YORK — Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results beat analysts’ estimates. Kroger feeds store-brand product lines from own network of food-manufacturing plantsSPRINGDALE, Ohio — Ice cream swooshes out of metal nozzles and swirls into 38,000 “party pails” per day here, one of many ways Kroger Co. is using its massive manufacturing capability to feed growing demand for low-priced store brands. Amazon cuts Kindle price to $249, unveils global version to spur sales, fend off competitionCUPERTINO, Calif. — Amazon.com Inc. is cutting the price of its Kindle electronic-book reader yet again and launching an international version, in hopes of spurring more sales and keeping it ahead of a growing field of competitors. After 4 years, auto parts supplier Delphi emerges from Chapter 11 as new companyNEW YORK — Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years to the day it filed for Chapter 11. Boeing, MGM Mirage, Corning, Avocent, Pepsi Bottling Groupare among big market movers TuesdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange: After 4 years, Delphi emerges from Chapter 11 as new companyNEW YORK — Auto supplier Delphi says it’s emerging from bankruptcy protection nearly four years to the day it filed for Chapter 11. Dow jumps 132 points as hopes grow for strengthening in corporate profits, global economyNEW YORK — The stock market got a big lift from a faraway place: Australia. Strong business in China boosts 3rd-qtr profit 18 pct at KFC owner Yum Brands to $334 millionLOUISVILLE, Ky. — A robust performance in China helped chain-restaurant operator Yum Brands Inc. post 18 percent growth in its third-quarter profit, easily beating Wall Street forecasts. Flame chandeliers? Burger King sets sights on Paneras of the world with restaurant overhaulCHICAGO — Burger King Corp. plans to swap its generic fast-food feel and bland tiles and tabletops for a vibe that’s more sit-down than drive-through. Stocks rise as investors continue rally into second day; Weak dollar fans commoditiesNEW YORK — Investors barreled into stocks for a second day as hopes grew that corporate profits will strengthen as the global economy recovers. Slow sales, late design changes delay Boeing’s 747 freighter; $1B charge adds to financial hitBoeing Co. said Tuesday it will record a $1 billion charge because of a delay in producing a new version of the 747 freighter jet, blaming slow sales and late design changes. Neiman Marcus holiday book not all fantasy: Gifts under $250 give a nod to frugalityNEW YORK — With even super affluent shoppers tightening their Gucci belts, luxury retailer Neiman Marcus Group Inc. unveiled its Christmas Book Tuesday with a nod to this new frugality. PepsiCo Inc. reports on its 3rd qtr Thursday; analysts expect soft drink sales to keep fallingMILWAUKEE — Soft drink and snack maker PepsiCo Inc. reports earnings for its fiscal third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. Medicines sets 3rd-quarter revenue outlook below Wall Street analyst forecastsPARSIPPANY, N.J. — Drugmaker Medicines Co. said Tuesday it expects third-quarter revenue below Wall Street forecasts. Boeing sees $1 Billion 3Q charge related to 747-8 freighter program, market conditionsCHICAGO — Boeing said Tuesday it expects to record a charge of $1 billion in the third quarter due to higher costs in its 747-8 program and difficult market conditions. |
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