Connect to share and comment

US stocks mostly gain but market wary of Ukraine

US stocks Thursday finished mostly higher as concerns about rising tensions in Ukraine cast shadows over largely positive earnings results from Apple and other large companies. The Nasdaq Composite Index jumped 21.37 points (0.52 percent) to 4,148.34. The tech-rich index benefited from a big jump in Apple shares, which rose more than eight percent on earnings that beat Wall Street expectations. The broad-based S&P 500 advanced 3.22 (0.17 percent) to 1,878.61, while the Dow Jones Industrial Average was unchanged at 16,501.65.

S. Korean firms' dividend yield ratio hits 3-year low: data

SEOUL, April 21 (Yonhap) -- Dividend payouts by South Korean listed firms to investors remained poor last year, with their dividend yield ratio hitting the lowest level in 3 years, data showed Monday. The average dividend yield ratio of listed firms that closed their books on Dec. 31 came to 1.14 percent in 2013, marking the lowest tally since 2010 when the comparable figure was 1.12 percent, according to the data compiled by Daishin Securities.

Top biz groups' retained earnings rate hits record high

SEOUL, April 20 (Yonhap) -- The retained earnings rate of South Korea's top 10 conglomerates reached record high levels in 2013 despite their pledges to increase investments and hiring, a report showed Sunday. The internal cash reserves of the 70 listed companies belonging to the largest business groups whose fiscal year ended in December stood at 1,578.5 percent, the report by FN Guide said. The figure marks a 164.3 percentage point gain from a retention rate of 1,414.2 percent tallied for the year before.

US stocks end mostly higher after earnings deluge

US stocks Thursday finished a holiday-shortened week mostly higher following a plethora of earnings reports that generally met or exceeded expectations. The Dow Jones Industrial Average fell 16.31 points (0.10 percent) to 16,408.54. The broad-based S&P 500 advanced 2.54 (0.14 percent) to 1,864.85, while the tech-rich Nasdaq Composite Index rose 9.29 (0.23 percent) to 4,095.52. Major earnings reports came from a broad of range of companies across finance, consumer goods, industrials and other segments of the economy.

Cash-rich global firms face calls to crack open war chests

Impatient shareholders are calling on the world's top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that their thriftiness could be holding back global growth. The combined war chests held by companies including Apple, Google and Samsung -- roughly equivalent to the size of France's economy -- has swelled since the 2008 global downturn hammered stock markets and saw nervous firms pinching their pennies as they waited out the storm.

Biotech stocks rout beginning to reveal pockets of value

By Rodrigo Campos and Caroline Valetkevitch NEW YORK (Reuters) - Predicting when the bear market in biotech stocks will hit bottom is a hazardous prospect, but one gauge that factors in the rapid profit growth estimates for many of these companies suggests several are starting to look attractive.

Biotech stocks rout beginning to reveal pockets of value

By Rodrigo Campos and Caroline Valetkevitch NEW YORK (Reuters) - Predicting when the bear market in biotech stocks will hit bottom is a hazardous prospect, but one gauge that factors in the rapid profit growth estimates for many of these companies suggests several are starting to look attractive.

AlarmForce boosts annual dividend to 12 cents; 3-cent quarterly payout May 20

TORONTO - AlarmForce Industries Inc. (TSX:AF) is increasing its annual cash dividend to 12 cents from 10 cents per share. The company, which provides alarm monitoring, video surveillance and emergency response monitoring to residential and commercial customers in both Canada and the United States, says its new quarterly dividend of three cents per share will be payable May 20 to shareholders of record on April 30. Based on the company's closing share price Monday or $11.24, up four cents, the higher dividend would provide an annual yield of just over one per cent.

Dollarama shares spike after dividend raise on strong earnings growth

MONTREAL - Dollarama's shares set a record high Wednesday after the discount retailer's latest quarterly profit beat expectations and the company announced it will boost its quarterly dividend by 14 per cent. The Montreal-based company's stocks briefly hit an intraday high of $92, above the previous record $90.74 set last November, before giving up some of the gains. The stock was still up $5.02 at $90.80 at midmorning. Dollarama (TSX:DOL) said earlier Wednesday that it will pay 16 cents per share starting in May.

S. Korean listed firms' debt ratio falls in 2013

SEOUL, April 9 (Yonhap) -- South Korean listed firms saw their debt ratio fall last year as they stepped up efforts to improve their financial status amid protracted economic uncertainties, data showed Wednesday. The average debt ratio for 568 companies traded on the Seoul main bourse came to 88.19 percent at the end of last year, down 4.5 percentage points from a year ago, according to the data compiled by the Korea Exchange (KRX).
Syndicate content