Archive for the ‘After Hours Stock Market News’ Category

Executive shake-up at Fannie Mae (BBC News)

Thursday, August 28th, 2008

The US mortgage giant announces a shake-up of top executives in an attempt to restore confidence.

Fannie’s Mudd Shakes Up Management to Boost Investor Confidence (Bloomberg.com)

Thursday, August 28th, 2008

Aug. 28 (Bloomberg) — Fannie Mae Chief Executive Officer Daniel Mudd replaced three top deputies in an effort to restore investor confidence after record losses and a 90 percent drop in the shares.

MBIA to Aid Troubled Bond Insurer (New York Times)

Wednesday, August 27th, 2008

MBIA agreed to take control of nearly $200 billion of municipal bonds currently backed by a rival bond insurer, in a move that could help its competitor avoid bankruptcy.

TiVo makes profit but sees loss (The Economic Times)

Wednesday, August 27th, 2008

Digital video recorder maker TiVo Inc forecast a wider-than-expected third-quarter loss, citing legal costs, and shares fell more than 3 percent, erasing most of the day’s gains.

Management Shake-Up At Fannie (Forbes)

Wednesday, August 27th, 2008

The mortgage lender replaces three top executives but holds onto its CEO.

Oracle names new chief financial officer (Market Watch)

Wednesday, August 27th, 2008

Oracle Corp. says that it has named Jeff Epstein its new chief financial officer, effective in September.

Men’s Wearhouse cuts 2008 profit outlook (AP via Yahoo! Finance)

Wednesday, August 27th, 2008

Apparel retailer The Men’s Wearhouse slashed its 2008 earnings outlook as store traffic remains weak along with the overall economy.

After Hours: TiVo shares slide late; Men’s Wearhouse gains (Market Watch)

Wednesday, August 27th, 2008

Shares of TiVo Inc. slide more than 4% in late trading, after the company reports second-quarter financial results.

GO shares down ahead of interim results (Malta Star)

Wednesday, August 27th, 2008

While Garrison Chapel cheered as the shares in Lombard Bank p.l.c. increased, GO p.l.c. shares moved to lower ground dragging the local index fractionally down by 0.44% at 3795.23 points. Meanwhile, the shares in Bank of Valletta p.l.c. finished unchanged.

MidnightTrader Earnings Play: Coldwater Creek (TradingMarkets.com via Yahoo! Finance)

Wednesday, August 27th, 2008

As consumers cut back on discretionary spending, apparel retailers have been among the hardest hit this season. While Coldwater Creek was no exception to tight inventory controls, it’s past trading activity indicates that the group is much better positioned.

MidnightTrader Now Offers Free Earnings Event Trading Webinars (PRWeb via Yahoo! News)

Wednesday, August 27th, 2008

MidnightTrader, a premier source of real time pre-market and after hours stock quotes, news and information now offers free Earnings Event Trading Webinars.

Amylin, Lilly report new deaths of patients taking Byetta (Market Watch)

Tuesday, August 26th, 2008

Shares of Amylin Pharmaceuticals fall after hours after the company reported a total of six deaths in patients taking its diabetes drug Byetta.

‘Fast Money’ Recap: Unhappy Crew (TheStreet.com)

Tuesday, August 26th, 2008

The trading panel notes that J. Crew fell after hours on poor guidance.

‘Fast Money’ Pops and Drops: Big Lots Loses (TheStreet.com)

Tuesday, August 26th, 2008

The trading panel says to stay away from this big-box retailer.

Borders narrows loss for 2nd quarter (AP via Yahoo! News)

Tuesday, August 26th, 2008

Bookseller Borders Group Inc. said Tuesday that it narrowed its losses and slashed its debt during the second quarter, but continued to see sales slow as consumers limited their discretionary spending.

Aflac pays Goldman Sachs $825M to buy back shares (AP via Yahoo! Finance)

Tuesday, August 26th, 2008

Aflac Inc. said Tuesday it is paying Goldman, Sachs & Co. $825 million to buy back Aflac’s common shares as the health and disability insurer reaffirmed its profit outlook.

NexMed shares sink on Novartis decision (AP via Yahoo! Finance)

Tuesday, August 26th, 2008

Drug developer NexMed Inc. said Tuesday that its development partner, Swiss drug maker Novartis AG, has decided not to submit a new drug application for an experimental nail fungus treatment to the Food and Drug Administration at this time.

After Hours: J. Crew stung by weaker sales, sending stock lower (Market Watch)

Tuesday, August 26th, 2008

J. Crew Group shares lead decliners in late trading, down 13% after the clothing retailer posts a lower second-quarter profit and issues an ominous outlook for the remainder of the year.

FIMBank shares up after positive interim results (Malta Star)

Tuesday, August 26th, 2008

The Malta Stock Exchange index gained 1.26% to end the week in positive terrain at 3825.18 points. Trading was primarily concentrated around the banking sector. The shares of FIMBank p.l.c., Bank of Valletta p.l.c. and HSBC Bank Malta p.l.c. registered satisfactory gains.

MidnightTrader Earnings Play: American Eagle Outfitters (TradingMarkets.com via Yahoo! Finance)

Tuesday, August 26th, 2008

Shares of American Eagle Outfitters fell in Tuesday’s premarket trading after the casual-apparel retailer forecast a weak outlook for its second-quarter profits. How will this pre-market activity affect the stock as the day’s trade continues?

TAKE-TWO AND EA TAKE THE NEXT STEP (New York Post)

Tuesday, August 26th, 2008

Rival videogame publishers Electronic Arts and Take-Two Interactive Software moved closer to a deal yesterday with the signing of a non-disclosure agreement. Signing the confidentiality agreement, which was hinted at last week after EA dropped its…

Digest: Refinery pollution leads states to sue (Houston Chronicle)

Tuesday, August 26th, 2008

New York and 11 other states sued the Environmental Protection Agency on Monday, accusing it of failing to control emissions from oil refineries. Texas was not part of the suit.

Anadarko plans stock buybacks of up to $5 billion (Houston Chronicle)

Monday, August 25th, 2008

Anadarko Petroleum says its stock price undervalues its net asset value.

‘Fast Money’ Pops and Drops: Up a Tree (TheStreet.com)

Monday, August 25th, 2008

The trading panel notes that Tree.com has popped but still doesn’t merit a buy.

Hooker Furniture will lay off 25 workers (AP via Yahoo! Finance)

Monday, August 25th, 2008

Hooker Furniture Corp. said Monday that it will lay off 25 employees at its wood furniture division because of a prolonged economic slump in the furniture industry.

Anadarko to buy back up to $5B in shares (INO News)

Monday, August 25th, 2008

(AP:HOUSTON) Oil and gas company Anadarko Petroleum Corp. said Monday it will buy back up to $5 billion of its shares over the next three years. At current trading prices, the $5 billion represents 18 percent of the company’s outstanding shares.

Anadarko says it approaches production milestone (AP via Yahoo! Finance)

Monday, August 25th, 2008

Oil and gas company Anadarko Petroleum Corp. said Monday it is approaching a milestone of 600,000 barrels of oil equivalent per day of net production.

Anadarko to buy back up to $5B in shares (AP via Yahoo! Finance)

Monday, August 25th, 2008

Oil and gas company Anadarko Petroleum Corp. said Monday it will buy back up to $5 billion of its shares over the next three years.

Coach authorizes $1B stock buyback plan (AP via Yahoo! Finance)

Monday, August 25th, 2008

High-end handbag and accessories maker Coach Inc. on Monday said its board authorized a plan to buy back up to $1 billion of its common stock.

After Hours: Stocks inch higher after closing deep in the red (Market Watch)

Monday, August 25th, 2008

Stocks find a bit of relief in evening trades after rising oil prices and woes in the financial sector lead to a 2% pullback in the major market indexes in the regular trading session.

Oil Is Little Changed as BP Restarts Pipeline, Dollar Gains (Bloomberg.com)

Monday, August 25th, 2008

Aug. 25 (Bloomberg) — Crude oil was little changed after falling the most in three years as BP Plc restarted flows through a Caspian Sea pipeline and as the dollar gained against the euro.

Japanese Bonds Advance; Ten-Year Yields Fall to Four-Month Low (Bloomberg.com)

Sunday, August 24th, 2008

Aug. 25 (Bloomberg) — Japanese government bonds advanced by the most in two weeks on speculation a slowdown in the world’s second-largest economy will boost demand for debt.

Dollar Rises on Speculation Oil Decline to Support U.S. Economy (Bloomberg.com)

Sunday, August 24th, 2008

Aug. 25 (Bloomberg) — The dollar rose for a second day against the euro on speculation a drop in oil prices will support growth in the world’s largest consumer of the fuel.

Barroom blitz (Calgary Sun)

Sunday, August 24th, 2008

A decal that welcomes patrons at the door and warns gang members to stay out, combines a willingness to forge an alliance between business owners and police, has seen many Vancouver nightclubs armed with what amounts to anti-gang ammunition.

Will courthouse bring change to neighborhood? (Great Falls Tribune)

Sunday, August 24th, 2008

With work progressing on the new federal courthouse on the West bank of the Missouri River, at least one property owner in the area is considering doing some development.

Controversial program takes onus off doormen who ask unruly patrons to leave (Calgary Sun)

Sunday, August 24th, 2008

A decal that welcomes patrons at the door and warns gang members to stay out, combines a willingness to forge an alliance between business owners and police, has seen many Vancouver nightclubs armed with what amounts to anti-gang ammunition.

Stanford Business magazine (Stanford GSB)

Friday, August 22nd, 2008

To minimize corruption, leaders must pay attention to incentives, say those who study and teach ethics. Research by Ernesto Dal Bo shows corruption sidetracks workers from jobs that could help a coun try’s economy grow.

Fitch may downgrade AIG ratings (AP via Yahoo! Finance)

Friday, August 22nd, 2008

Fitch Ratings on Friday said it may cut its ratings on American International Group Inc. after an updated assessment on the insurer as part of an ongoing review.

Deal Time For SEC, Merrill (Forbes)

Friday, August 22nd, 2008

The investment bank joins seven of its peers in the buyback bonanza of auction-rate securities.

After Hours: Lehman shares give back some regular-session gains (Market Watch)

Friday, August 22nd, 2008

Shares of Lehman Bros. lose ground Friday evening, easing back from a regular-session rally spurred by speculation that the financial-services firm may be the object of a takeover bid.

Nordson stock takes hit after forecast (Crain’s Cleveland Business)

Friday, August 22nd, 2008

The maker of automated dispensing equipment saw the value of its shares drop following the issuance of a disappointing profit outlook for the current quarter.

Opening and Closing Strategies for Professional Day Traders (TradingMarkets.com via Yahoo! Finance)

Friday, August 22nd, 2008

With the advent of computers and electronic communication networks, today’s pre- and after-hours markets are pulling investor’s favor. TradingMarkets Select Contributor Don Bright, discuss strategies to best navigate this extend market hours.

On Earnings This Week: Dell, Marvell, Novell Are Tech Stocks You Long To Love (TradingMarkets.com via Yahoo! Finance)

Friday, August 22nd, 2008

This Week, the technology sector’s strong performers Dell, Marvell and Novell reported earnings after the bell on Thursday. If you’re waiting for a good time to jump into the tech action, this may be the week to do it.

Zimbabwe: ZSE Shares Extend Gains (AllAfrica.com)

Friday, August 22nd, 2008

SHARES on the Zimbabwe Stock Exchange yesterday extended gains started more than a week ago after annual inflation hit record levels.

Stocks point higher ahead of Bernanke speech (AP via Yahoo! News)

Friday, August 22nd, 2008

Wall Street appeared headed for a slightly higher open Friday, with stock futures rising ahead of a speech by Federal Reserve Chairman Ben Bernanke on the topic of financial stability.

Foot Locker may climb after earnings beat (AP via Yahoo! Finance)

Friday, August 22nd, 2008

Shares of athletic apparel retailer Foot Locker Inc. will likely trade higher Friday after the company posted better-than-expected results for the second quarter.

Futures signal higher Wall Street start before Bernanke (Reuters via Yahoo! News)

Friday, August 22nd, 2008

Futures pointed to a higher opening on Wall Street on Friday, helped by better-than-expected corporate results from GAP and with all eyes on a speech by Federal Reserve Chairman Ben Bernanke.

ZSE shares extend gains (The Herald)

Friday, August 22nd, 2008

SHARES on the Zimbabwe Stock Exchange yesterday extended gains started more than a week ago after annual inflation hit record levels.

ScanSource 4Q profit up but outlook falls short (AP via Yahoo! Finance)

Thursday, August 21st, 2008

ScanSource Inc., a big distributor of bar code scanners and point-of-sale machines for retailers, said Thursday its fiscal fourth-quarter profit jumped 28 percent, handily beating Wall Street’s forecast, but a weaker-than-expected sales forecast drove the shares down.

Salesforce.com shares plunge on growth concerns (AP via Yahoo! Finance)

Thursday, August 21st, 2008

Salesforce.com Inc.’s stock price plunged more than 18 percent Thursday amid fears that the Internet software service is headed for a slowdown as the flagging economy makes it more difficult to sign up new customers.