Posts Tagged ‘market pulse’

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Exchange cancels unusual trade in Apple shares

LOS ANGELES (MarketWatch) — An exchange has canceled a single trade executed in Apple Inc. shares Wednesday as it violated its erroneous trade policy, according to a spokesperson at the exchange. One trade of 100 shares was executed at $321.87 during the regular session, and later canceled by BATS, an electronic exchange based in Kansas. [...]

Fed buys $1.63 bln in inflation-linked debt

NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $1.63 billion in Treasury debt on Wednesday, the latest operation of the Fed’s second round of quantitative easing to support lending and spending. The amount includes purchases to be made under a previous program to reinvest cash from its maturing mortgage-related holdings back [...]

Harman jumps 7% on upgrade

SAN FRANCISCO (MarketWatch) — Harman International shares jumped more than 7% to $46.69 early Wednesday after J.P. Morgan upgraded the high-end audio systems maker to overweight on increased demand for luxury cars and improved margins. The broker also raised the price target on Harman shares to $52 from $39. The stock has rallied 33% so [...]

Nat gas prices steady after EIA supply report

SAN FRANCISCO (MarketWatch) — Natural-gas futures remained unchanged after a U.S. government supply report showed an increase within expectations for the week ended Nov. 5. Natural gas for December delivery retreated 2 cents, or 0.4%, to $4.03 per million British thermal units. The Energy Information Administration reported a rise of 20 million cubic feet of [...]

Tesla shares charge 8% higher on results

SAN FRANCISCO (MarketWatch) — Tesla Motors, Inc. shares rallied 8% to $26.54 in early trading Wednesday after the electric car maker reported a loss a day earlier that wasn’t nearly as bad as Wall Street had expected. The stock is now up 56% from its IPO price last summer. The gains extend last week’s advance [...]

Volkswagen U.S. Oct. sales jump 17.9% to 20,084

SAN FRANCISCO (MarketWatch) — Volkswagen of America, a subsidiary of Germany’s Volkswagen AG , on Tuesday reported its October U.S. sales rose 17.9% to 20,084 vehicles. It sold 5,464 Jettas in its first full month of sales, the best “non-Cash for Clunker” month for the model since 2005, Volkswagen said. Market Pulse Stories are Rapid-fire, [...]

Gasoline prices little changed this week: AAA

WASHINGTON (MarketWatch) — Gasoline prices stand little changed on the week, according to AAA’s latest Daily Fuel Gauge Report. Across the board, average retail prices for regular, midgrade and premium — $2.806, $2.98 and $3.087 a gallon, respectively — are about a penny a gallon less than what they were on Oct. 24, the motoring [...]

Moody’s hikes MGM’s rating outlook to positive

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Tuesday hiked MGM Resort International’s rating outlook to positive from stable and affirmed its Caa1 corporate family rating. Moody’s also assigned a Caa1 rating to the company’s new $500 million 10% senior unsecured notes due 2016. “The outlook revision to positive reflects the favorable impact on MGM’s [...]

Value Line share surge with special dividend

CHICAGO (MarketWatch) — Value Line Inc. shares jumped 20% after the New York-based publishing and investment-management company announced a special dividend of $2 a share, in lieu of the company’s regular quarterly dividend of 20 cents. Value Line shares have dropped 31% this year. The company said the special dividend is payable on Nov. 12 [...]

Old GM to pay $773 mln in clean-up costs: reports

SAN FRANCISCO (MarketWatch) — Motors Liquidation Co. , the bankrupt estate separated from General Motors during the automaker’s reorganization, has reached a $773 million settlement with the U.S. government to clean up the sites of former plants, according to media reports Wednesday. About two-thirds of the plants are contaminated with hazardous waste with about $431 [...]