NYSE Market News

Goldman Sachs Q2 Profit Drops 11% (GS)

Jul 17 2012 @ 10:50
Wall Street giant Goldman Sachs Group Inc. (NYSE:GS) today reported an 11% decline in its second-quarter profit as investment banking revenue fell due to a slowdown in M&A activity.

Bank Stocks Rise Sharply after JP Morgan and Wells Fargo Report Q2 Results (JPM, WFC)

Jul 13 2012 @ 15:20
Bank stocks rose sharply in trading on Friday after JP Morgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC) reported solid second-quarter financial results.

Lexmark Tumbles on Weak Outlook (LXK)

Jul 13 2012 @ 15:19
Lexmark International Inc. (NYSE:LXK), on Thursday, said that its second-quarter financial results were negatively impacted by weak sales in Europe and a stronger dollar. Following the announcement, LXK stock fell sharply in trading on Friday.

SUPERVALU Reports Weak Q1 Results, Suspends Dividend (SVU)

Jul 12 2012 @ 10:11
U.S. supermarket chain SUPERVALU Inc. (NYSE:SVU) reported a sharp decline in its first-quarter profit. The Eden Prairie, Minnesota-based company also suspended its dividend, sending the stock down sharply in early trading today.

Cummins Continues to Slide after Slashing Forecast (CMI, AMAT, AMD)

Jul 11 2012 @ 11:30
Cummins Inc. (NYSE:CMI), on Tuesday, slashed its sales forecast for the full year. CMI stock fell sharply on Tuesday, dragging the Industrials sector down, following the downward revision. The stock has extended its losses in trading today, falling another 2%.

J.C. Penney to Slash 350 HQ Jobs (JCP, KSS)

Jul 11 2012 @ 11:29
J.C. Penney Co. Inc. (NYSE:JCP) announced additional job cuts at its Plano, Texas headquarters. After announcing in April that it would cut 600 headquarter jobs, the company today said that it will slash another 350 headquarter jobs. The retailer is cutting jobs as it looks to bring costs in line with those of its rivals.

Alcoa Kicks-Off Earnings Season (AA)

Jul 09 2012 @ 17:14
Aluminum producer Alcoa Inc. (NYSE:AA) kicked off the earnings season after-market close today. The company reported second-quarter earnings and revenue that beat Street estimates.

WellPoint to Acquire Rival Amerigroup (WLP, AGP)

Jul 09 2012 @ 09:45
M&A activity continues to heat up in the third quarter. Earlier today, health insurer WellPoint Inc. (NYSE: WLP) announced that it agreed to acquire rival Amerigroup Corp. (NYSE: AGP) in a transaction valued at $4.46 billion.

Boeing Raises Forecast for Jetliner Market (BA)

Jul 03 2012 @ 16:30
Boeing Company (NYSE:BA) has raised its outlook for the jetliner market. BA now forecasts a $4.5 trillion jetliner market over the next 20 years for 34,000 new commercial jets. This is nearly half a trillion dollars more than the company’s previous year’s estimate.

Nike Q4 Profit Falls; Stock Tumbles (NKE)

Jun 29 2012 @ 13:05
Nike Inc. (NYSE:NKE) on Thursday reported disappointing fourth-quarter results, sending the company’s stock down sharply in early trading today. Nike reported an 8% drop in its fourth-quarter net income as high product costs, charges related to restructuring and an unexpected customs evaluation hurt the company’s bottom-line. NKE’s results fell short of consensus forecast, which is […]
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