Markets

Solid Advance for Tech Stocks

Technology stocks were making up ground following last week’s declines, with shares of tech companies in the S&P 500 advancing more than 0.8%. In company news, FairPoint Communications (FRP) raced to a 17-month high on Monday after the internet and data services company agreed to a $1.5-billion buyout proposal fromRead More

YuMe Board OKs Expanded Restructuring Plan With 7% Workforce Reduction

YuMe Inc. shares were up Friday after the company said its board approved an expansion to a restructuring plan that includes a 7% reduction to its global workforce. The provider of video advertising products said it expects to implement the expanded restructuring through Q1, which should result in Q4 costRead More

New York & Company Q3 Results Miss Projections

New York & Company Q3 earnings came in unchanged year-over-year, holding at a loss of $0.05 per share and missing the Street consensus loss of $0.03. Revenue for the quarter, which ended Oct. 29, came in at $213.9 million, also missing analysts’ estimated revenue of $219.7 million and down fromRead More

Time Warner Begins Underwritten Public Offering of 2027 Senior Notes

Time Warner said it is commencing an underwritten public offering of senior notes due 2027 to use for general corporate purposes, including the repayment of debt. The issue is of an unspecified “benchmark size,” Time Warner said, adding that it carries the same guarantees as all bonds issued by theRead More

Stocks Turn Lower in US Intraday as FBI Reignites Probe on Clinton

Stocks in the US were heading lower on Friday afternoon, poised to end the week on a lower note after a period of heavy earnings and before next week’s meeting of the Federal Open Market Committee. The equity measures turned lower amid several media reports that the Federal Bureau ofRead More

United Parcel Service Meets Street Forecasts on Q3 EPS, Beats on Revenues; Reaffirms Outlook

Package delivery company United Parcel Service (UPS) reported Q3 earnings per share of $1.44, up from $1.39 in the same period last year, and matching the Capital IQ consensus forecast. UPS was lower 1% recently. Revenues for the quarter were $14.93 billion, up from $14.24 billion in the year-ago period,Read More