Posts Tagged ‘MarketWatch’

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A&P shares plunge on bankruptcy speculation

SAN FRANCISCO (MarketWatch) — Shares of Great Atlantic & Pacific Tea Co. , parent of the money-losing A&P supermarket chain, plunged 62% to $1.08 in Friday morning trading. Bloomberg reported the New Jersey-based supermarket operator may soon file for bankruptcy. Executives at A&P had said Oct. 22 they were several weeks away from inking a [...]

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 [...]

Diller steps down from role as IAC CEO

CHICAGO (MarketWatch) — Media mogul Barry Diller will step down from his role as chief executive of IAC/Interactive Corp. , the company said Thursday, as Diller assumes the positions of chairman and senior executive. “It’s been clear to me for some time that this company needs a full time aggressive and aspirational executive in the [...]

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 [...]

Mortgage rates flat for the week

NEW YORK (MarketWatch) — Mortgage rates over the past week were largely flat, according to data published Wednesday. Freddie Mac said that 30-year fixed-rate mortgages averaged 4.4%, up from 4.39% the previous week. Fifteen-year fixed-rates were 3.77% compared to 3.76%. Meanwhile, 5-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.45% in the latest week, up from 3.4%, [...]

Canadian stocks fall amid China worries

SAN FRANCISCO (MarketWatch) — Canada’s resource-heavy market turned lower Friday as commodities futures across the board slipped in the wake of worries that China may begin to tighten its monetary policy. The S&P/TSX Composite Index fell 78.6 points, or 0.6%, to 12,856.2. Canadian miners took a hit as gold, copper and silver prices all declined. [...]

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 [...]