Charming Shoppes swings to profit in 2nd-quarter despite double-digit sales dropAugust 26th, 2009 Charming Shoppes swings to 2Q profitBENSALEM, Pa. — Women's clothing retailer Charming Shoppes Inc.
Analyst sees Limited beating expectations in 2Q, but doesn't see recovery until later in yearAugust 19th, 2009 Analyst sees Limited Brands recovery in 4QNEW YORK — Specialty retailer Limited Brands Inc. reports fiscal second-quarter results after the market closes Wednesday, but one analyst said she doesn't expect markedly improved results until the fourth quarter.
Las Vegas Sands, Penney, Amgen, Blockbuster are among big market movers FridayAugust 14th, 2009 Las Vegas Sands, Penney, Amgen are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
Las Vegas Sands Corp., down 47 cents to $13.32
An analyst boosted the casino operator
Analysts see business growth for Skechers in new shoe lines, shares riseAugust 10th, 2009 Skechers shares up, analysts see room for growthPORTLAND, Ore. —Shares of footwear maker Skechers USA Inc.
Children's clothing maker sees second-quarter growth spurtJuly 29th, 2009 Carter's 2Q profit soars on stronger salesATLANTA — Children's clothing company Carter's Inc. hit a growth spurt of its own, reporting Tuesday that its profit soared in the second quarter on strong sales and improved operations.
BP Q2 profit up 71 pct to $4.4 billion from Q1, but less than half of year-ago levelJuly 28th, 2009 BP Q2 profit up 71 pct from Q1, halved on the yearLONDON — BP PLC, Europe's second largest oil company, said Tuesday that second-quarter profit rose 71 percent compared with the previous quarter, beating market forecasts, but was still more than halved from a year earlier. Net profit for the period was $4.39 billion compared to $2.56 billion in the first quarter.
CSX thinks demand has hit its worst point, but recovery may be down the lineJuly 14th, 2009 CSX thinks demand has hit its worst pointNEW YORK — Railroad operator CSX Corp. said Tuesday that demand might have reached its worst point, signaling possible but still far-off signs of an economic recovery.
Airline traffic fell again in June, giving hints of second-quarter lossesJuly 8th, 2009 Airline traffic fell again in JuneDALLAS — Airline traffic fell again in June, providing another sign that most carriers are likely to report large financial losses for the second quarter. A downturn in business travel has robbed the airlines of their best customers.
Strong market injects mutual funds with double digit returns; large-cap growth jumps 15.2 pctJune 26th, 2009 Spring rally lifts broad range of mutual fundsNEW YORK — Wall Street's spring rally has allowed many mutual funds to score an achievement that has eluded them throughout the credit crisis and recession: a winning quarter. The stock market rally that has lifted the Standard & Poor's 500 index 35.8 percent from early March and 15.2 percent since the start of the April-June quarter gave a huge boost to investments that only two quarters ago looked like one of the surest ways to lose money.
Nike's profit drops in 4th quarter on costs to cut jobs; sees 'swoosh-shaped' global reboundJune 25th, 2009 Nike 4Q profit declines but sees 'swoosh' recoveryPORTLAND, Ore. — Nike Inc.
White House: Country to reach double-digit unemployment within monthsJune 22nd, 2009 White House: 10 percent unemployment within monthsWASHINGTON — The White House says double-digit unemployment is coming sooner than previously acknowledged. White House spokesman Robert Gibbs says the president expects the nation will reach 10 percent unemployment within the next few months.
Burlington Northern Santa Fe 1st-quarter profit sinks on hefty charges, sluggish demandApril 24th, 2009 Burlington Northern 1Q profit sinks on chargesNEW YORK — Burlington Northern Santa Fe Corp., the nation's second largest railroad, said Thursday its first-quarter earnings sank 55 percent, as it was hit by hefty one-time charges and shipping demand waned. The Fort Worth, Texas-based company earned $293 million, or 86 cents per share, compared with $455 million, or $1.30 per share a year ago.
Schlumberger first-quarter profit falls 30 percent as oilfield activity declinesApril 24th, 2009 Schlumberger profit tumbles 30% as drilling dropsHOUSTON — Schlumberger Ltd. says its first-quarter earnings tumbled about 30 percent as oil and natural gas companies cut back on exploration and drilling amid lower prices and demand.
Norfolk Southern sees demand will reach worst level this quarter, might pick up in second halfApril 22nd, 2009 Norfolk Southern sees demand 'bottom' this quarterNEW YORK — Railroad Norfolk Southern Corp. said Wednesday it expects shipping demand, which has plunged as the recession has worsened, to approach its worst level this quarter and possibly start to improve as early as the second half of this year.
Obama sees US economy moving from recession to recoveryApril 14th, 2009 WASHINGTON - President Barack Obama Tuesday said efforts to take the economy from 'recession to recovery' are 'starting to work', although there was more work to be done to restore growth. The steps taken to re-capitalise banks, strengthen the housing market and rescue the auto sector were 'necessary pieces of the recovery puzzle', he said in an address at Georgetown University in Washington.
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