Stock market | GlobalPost

Tokyo stocks down 1.08% by break

Agence France-PresseMay 15, 2013 20:46

Tokyo stocks lost early gains to close Thursday morning's session down 1.08 percent, despite US shares hitting all-time highs and fresh data that showed Japan's economy grew between January and March. The benchmark Nikkei 225 index, which closed at its highest level in more than five years on Wednesday, was down 163.08 points to 14,932.95, while the Topix index of all first-section shares declined 1.45 percent, or 18.19 points, at 1,234.66.

US stock prices turn higher in midday trading on Wall Street; Macy's up after earnings rise

The Canadian PressMay 15, 2013 19:30

NEW YORK, N.Y. - Stock prices are shaking off a morning slump and turning higher in midday trading on Wall Street. Macy's rose 2 per cent, or 97 cents, to $48.36 after reporting a 20 per cent profit increase, despite cool temperatures. The market got off to a weak start after the Federal Reserve reported that manufacturing slowed last month. The Dow Jones industrial average was up 45 points at 15,260 as of noon Eastern Daylight Time Wednesday, a gain of 0.3 per cent. It was down 40 points in the morning. The Standard

Southwest Airlines boosts dividend, delays delivery of planes to cut short-term spending

The Canadian PressMay 15, 2013 14:38

DALLAS - Southwest Airlines Co. is delaying delivery of new airplanes and filling the gap with used planes to reduce spending over the next five years. It's also raising its dividend and could soon buy back more of its own shares. Southwest said Wednesday that it will delay 30 firm orders for Boeing 737 jets, which CEO Gary Kelly said would cut capital spending through 2018 by more than $500 million. The airline is also giving up or delaying options for additional planes.

Tim Hortons to buy back about $70 million worth of stock from unidentified seller

The Canadian PressMay 14, 2013 14:45

OAKVILLE, Ont. - Tim Hortons Inc. (TSX:THI) says it has agreed to buy back up to 1.27 million of its common shares in stages from an unidentified seller by the end of this month. The cost of the stock buyback wasn't disclosed by the restaurant company but its shares closed Monday at $55.65 on the Toronto Stock Exchange, putting the pricetag for a maximum purchase at about $70 million.

Fusion-io founders quit to start new venture, shares slump

Thomson ReutersMay 13, 2013 10:51

(Reuters) - Memory drive maker Fusion-io Inc said founders David Flynn, the chief executive, and Rick White, chief marketing officer, have resigned to set up another venture, sending the company's shares down more than 25 percent in early trading. Director Shane Robison will succeed Flynn, effective immediately.

Quintiles Transnational shares soar in 1st trading day on New York Stock Exchange

The Canadian PressMay 11, 2013 20:30

Shares of Quintiles Transnational Holdings Inc. are surging in their trading debut on the New York Stock Exchange. The stock is up more than 9 per cent to $43.79 in midmorning trading while broader indexes are down slightly. That's a $3.79 increase from the Durham, N.C., company's $40 initial public offering price. The IPO raised a total of $947.4 million for the company, selling shareholders and their underwriters.

Stock indexes are rising in early trading; Gap and Priceline.com rise on higher earnings

The Canadian PressMay 11, 2013 05:55

NEW YORK, N.Y. - Stock indexes are mostly higher in midday trading on Wall Street and are on track to post solid gains for the week. The Dow Jones industrial average moved between small gains and losses Friday morning. It was down 16 points at 15,066 as of noon Eastern Daylight Time. Other indexes rose slightly. The Dow is up 0.6 per cent for the week and 15 per cent so far this year. Prices for commodities including crude oil and gold fell sharply as the dollar continued to strengthen against other currencies, especially the Japanese yen.

New Zealand power company IPO prompts vigorous trading as 50M shares trade in 3 hours

The Canadian PressMay 10, 2013 01:00

WELLINGTON, New Zealand - Shares in a state-owned New Zealand power company rose 9 per cent in their stock market debut, giving a boost to the government's asset sale plans. The government sold 49 per cent of Mighty River Power to investors for 2.5 New Zealand dollars ($2.10) a share. The shares reached a high of NZ$2.73 in the first day of trading Friday. About 50 million shares changed hands within three hours. The government raised NZ$1.7 billion ($1.4 billion) from the share sale.

Tableau Software expects IPO to raise up to $215.3 million

Thomson ReutersMay 8, 2013 15:47

(Reuters) - Data analysis software maker Tableau Software Inc said it expects its initial public offer to raise up to $215.3 million at a price of $23 to $26 per share. The company will sell 5 million shares, while shareholders will sell 2.2 million shares, Tableau said in an amended filing with the U.S. Securities and Exchange Commission. (http://link.reuters.com/xug87t) The underwriters have the option to purchase up to an additional 1,080,000 shares.

Insurer Aegon reports first quarter profits drop on stock market loses

The Canadian PressMay 8, 2013 11:58

AMSTERDAM - Aegon NV, the Dutch insurer that does most of its business in the United States under the Transamerica brand, says first quarter profits fell sharply due to stock market losses. Net profit was 204 million euros ($267 million), down from 525 million euros in the same period a year ago. Aegon said Wednesday that it lost 286 million euros on a stock market hedge intended to insulate the company from market fluctuations, but will book gains if markets fall. The company says that in the long run, its earnings would reflect only the underlying performance of its businesses.