US stocks hit reverse, hard, on Wednesday
NEW YORK - A rout in retail stocks pulled U.S. indexes down on Wednesday. Macy's (M), the largest U.S. department store chain, slashed its annual profit forecast after it reported a steep drop in earnings. Office Depot (ODP) and Staples (SPLS) took big losses after a judge blocked their plans to merge.The Dow Jones industrial average sank 217.23 points, or 1.2 percent, to close at 17,711.12. The Standard & Poor's 500 index fell 19.93 points, or 1 percent, ending at 2,064.46. The Nasdaq composit..>> view originalTop 5 Places to Watch Blues vs. Stars Game 7
ST. LOUIS (KMOX) – Well, here we are. The Blues visit the Stars tonight to determine the Western Conference Semifinals. Yes, we love that you’ll be listening on Y98 (98.1 FM) at 7:00. As always, KMOX (1120 AM) will have plenty of coverage leading up to the Cardinals game at 9:05. And yes, we know the comfort of home is nice, with big screen TVs, full refrigerators and no lines. But sometimes you have to be with Blues fans on a night like this, because…it’s Game 7. So, where do you go? We asked ..>> view originalCorruption probes lead to an extraordinary time in NY politics
The office of the two most powerful politicians in New York are under subpoena. Former Senate Majority Leader Dean Skelos is set to be sentenced Thursday on federal corruption charges. And Sheldon Silver, the former legendary leader of the state Assembly, is about to begin a 12-year prison term. It’s an extraordinary time in political scandal, even for New Yorkers, who often swing from apathy to cynicism when it comes to public corruption, said Michael Johnston, a Colgate University professor e..>> view originalFordham Women's Basketball to Appear in Preseason WNIT
Central Michigan stubbed its toe at the end of 2015-16's 22-11 campaign, losing in overtime to Buffalo in the MAC tournament final and shooting barely 30 ...>> view originalIn Wake of Price Bust, Oil Man Gets Cold Feet -- WSJ
Shutterstock photo By Liz Hoffman and Alison Sider Energy Transfer's boss lost faith in $33 billion purchase; seller won't let go Kelcy Warren became a billionaire oil man by making deal after deal, including purchases of thousands of miles of pipelines after Enron Corp. collapsed. Now he is suffering from a severe case of buyer's remorse. Mr. Warren, 60 years old, has overseen a series of moves that could torpedo the biggest acquisition of his life, such as an unusual convert..>> view original
Thursday, May 12, 2016
US stocks hit reverse, hard, on Wednesday and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment