8/28/2008 11:38:17 AM Thursday, Fred's, Inc. (FRED - Stock Boards, Stock Quotes, Stock Charts ), an operator of discount stores and pharmacies, announced a fall in its second-quarter net income that reflects costs associated with closing of 50 stores and one pharmacy. On an ....
8/28/2008 11:27:13 AM In an interview with RTT News, Jim Paulsen, chief investment strategist at Wells Capital Management says much of the upwardly revised second quarter GDP figure "is not explained" by the government stimulus ....
8/28/2008 11:26:54 AM Home appliances and consumer electronics retailer Conn's, Inc. (CONN - Stock Boards, Stock Quotes, Stock Charts ) Thursday reported an increase in second-quarter profit. Earnings per share and revenues rose over the year-ago period and beat the consensus ....
Stocks extended their advance in early trading Thursday after a better-than-expected reading on the nation's economy and a drop in jobless claims. The Dow Jones industrial average rose 150 points.
The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.
The number of people signing up for jobless benefits declined last week, the third straight drop from a six-year high reached earlier this month, the government said Thursday.
Oil prices shot higher for the fourth straight day, breaking through $120 per barrel as Tropical Storm Gustav headed for the Gulf of Mexico and strengthened as it bore down on the vast U.S. energy infrastructure along the coast.
Sears Holdings Corp. reported a 62 percent drop in second-quarter profit as the retailer continues to struggle to attract customers to its stores despite a high-stakes restructuring.
Stocks extended their advance in early trading Thursday after a better-than-expected reading on the nation's economy and a drop in jobless claims. The Dow Jones industrial average rose 150 points.
Shares of SWS Group Inc. jumped Thursday after the financial services firm reported a 20 percent increase in its fiscal fourth-quarter profit, which was boosted by an acquisition.
Stocks extended gains on Thursday, with the Dow industrials rising more than 1 percent after a report showing much stronger-than-expected U.S. growth in the second quarter buoyed optimism about the economy.
Most of the top retail brokerage firms' model portfolios performed better than the S&P 500 in the first half of the year's volatile market, a survey showed on Thursday.
Shares of Deere & Co. rose nearly 3 percent Thursday following two announcements by the agricultural equipment maker that it will invest nearly $180 million to expand plants in the United States and Brazil.
The U.S. economy expanded faster than previously estimated in the second quarter, helped by a surge in exports that will probably wane as Europe and Japan head toward recessions.
U.S. stocks climbed for a third day, led by manufacturers and financial companies, after growth in exports helped the economy expand faster than estimated in the second quarter.
Sears Holdings Corp., the biggest U.S. department-store company, reported second-quarter profit that fell more than some analysts estimated and said full-year profit may decline as the U.S. economic slump persists.
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