Posts Tagged ‘SAN FRANCISCO’

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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 [...]

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 [...]

WatchMouse Measures Performance of 100 Leading Retail Websites

SAN FRANCISCO–(BUSINESS WIRE)–Leading retail shopping websites tested by WatchMouse for page load speed and uptime leading up to and including Thanksgiving and Black Friday. View full post on Press Release – Retail Stories

Gap Inc. to Bring First Gap Store to South America

SAN FRANCISCO–(BUSINESS WIRE)–Continuing its global expansion, Gap Inc. (NYSE:GPS) today announced a franchise agreement to introduce Gap brand in South America. The first Gap store is expected to open in Santiago, Chile in the Parque Arauco mall in September 2011. With today’s announcement, Gap Inc. now has franchise agreements in place for a total of [...]

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, [...]

Stocks mixed ahead of Fed meeting

SAN FRANCISCO (MarketWatch) — Stocks were mixed Friday as investors shied away from bold moves ahead of a key U.S. Federal Reserve meeting next week. The Dow Jones Industrials Average fell 26 points to 11,130, while the Nasdaq Composite inched up less than a point to 2,516 and the S&P 500 lost 2 points to [...]

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 [...]