The British government is selling off its entire 40 percent interest in channel-tunnel train operator Eurostar International Ltd. The move is part of the government's plan to raise 20 billion British pounds by 2020 through privatizations to reduce its public sector deficit. The government announced that it was inviting offers for the stake sale in October 2014.
Teen clothing retailer American Eagle Outfitters, Inc. on Wednesday reported a more than five-fold increase in profit for the fourth quarter from last year, reflecting higher revenues and margins amid reduced markdowns as well as improved merchandise. Both revenue and earnings per share beat analysts' estimates. Looking ahead, the company forecast earnings for the first quarter above Street view.
Payroll processor ADP released a report on Wednesday that once again showed solid private sector job growth above 200,000 jobs in the month of February, although the pace of growth saw a notable slowdown compared to the previous month.
Specialty retailer of casual apparels Abercrombie & Fitch Co. reported Wednesday a profit for the fourth quarter that declined 33 percent from last year, reflecting lower operating margins and double-digit revenue decline. Adjusted earnings per share matched analysts' expectations by a penny, while quarterly sales missed their estimates.
After ending the previous session mostly lower, stocks may see some further downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 48 points.
Eurozone retail sales grew at the fastest pace in nearly two years and the private sector activity in all big-four economies in the bloc expanded for the first time since April 2014. Retail sales rose 1.1 percent on a monthly basis in January, faster than a revised 0.4 percent growth in December, a report from Eurostat revealed Wednesday. A similar 1.1 percent rise was last seen in May 2013.
India ordered all news channels in the country not to carry a controversial interview with one of the convicts of the Nirbhaya gang-rape case that rattled its capital. British Film maker Leslee Udwin interviewed the convict Mukesh Singh for her documentary "India's daughter" and the preview itself attracted waves of protest from various quarters.
Trading in the U.S. index futures suggest that stocks are heading towards another session of profit taking on Wednesday. Asian stocks closed mixed, while the European markets are also trading on a lackluster note. Traders in the domestic market could focus on ADP's private payrolls report, which is seen as a precursor to the Labor Department's non-farm payrolls report.
Standard Chartered Plc reported Wednesday a sharp decline in fiscal 2014 profit, reflecting lower operating income and higher loan impairment, amid challenging market environment, de-risking and disposal actions. The company maintained its full year dividend, and announced certain targets for cost savings and cut in Risk Weighted Assets. The shares were trading around 5
Here is a quick summary of the earnings reported after the bell Mar. 3.
1.CPS Technologies Corporation (CPSH)
Q4 net profit was $619 thousand or $0.05 per share vs $276 thousand or $0.02 per share for the Fourth Quarter last year.
Q4 revenues were $5.9 million vs $5.1 million a year ago.
UK-based insurer and pension fund manager Legal & General Group Plc Wednesday reported higher profit in its fiscal 2014 with significant growth in net premiums. The company also lifted its dividend. The shares were losing around 3 percent in the morning trading in London.
More than 1 billion teenagers and young adults are at risk of hearing loss due to the unsafe use of personal audio devices and exposure to damaging levels of sound at noisy entertainment venues, according to World Health Organization (WHO). Data from studies in middle- and high-income countries analyzed by WHO indicate that among the age group of 12-35 years, nearly 50 percent are exposed to unsaf
German detergent maker Henkel AG & Company, KGaA (HENOY.PK, HENKY.PK) Wednesday said its annual profit increased from last year, with strong performance in the emerging markets, despite adverse currency. The company announced an increase in dividends, adding that it expects improved profit and sales this year.
Cumberland Pharmaceuticals Inc. (CPIX) touched a 52-week high on Tuesday after turning around to profit in Q4 and full year 2014 on higher revenues.
Stock futures indicate a positive open on Wednesday ahead of a European Central Bank (ECB) monetary policy meeting this week and the all-important U.S. jobs report due out Friday, which could provide some insights into when the process of interest rate normalization could begin.
The ECB will unveil...