Posts Tagged ‘Drop’

Barnes & Noble’s Nook e-reader sales are down from last year

Jerimiah Yap – Fourth Estate Cooperative Writer New York, NY, United States (4E) – Bookstore Barnes & Noble Inc. posted a decline in its mobile digital reader sales in its second quarter report. It is the second consecutive quarter that Barnes & Noble has reported a drop in Nook sales. Last year Barnes & Noble […]

U.S. import prices continue downward trend in July

The Labor Department reported on Friday that U.S. import prices dropped by 0.6 per cent. The drop in the import-price index surprised several economists who projected a 0.2 per cent rise in July, according to a Bloomberg survey. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

U.S. stocks little changed Monday after Friday’s steep drop

U.S. markets opened little changed Monday following a nearly 275-point drop Friday that wiped out all of the Dow’s gains for the year. Just after the opening bell on Wall Street, the Dow Jones Industrial Average rose 21 points, the Standard & Poor’s 500 Index added 3 points and the NASDAQ tacked on 20. Article […]

JC Penney store sales plunge nearly 20 percent

Linda Young – Fourth Estate Cooperative Writer New York, NY, United States (4E) – J.C. Penney’s stock shares tumbled in price Wednesday after the company announced sales had dropped by 18.9 percent and that it was eliminating its dividend to fund the company’s ongoing makeover. Suspending the dividend of 20 cents per share will give […]

Banking giant JPMorgan reports big drop in profits

Linda Young – AHN News Writer New York, NY, United States (AHN) – Wall Street banking giant JPMorgan reported a steep plunge in its quarterly earnings Friday morning caused by large losses in its investment banking and trading divisions. JPMorgan is the nation’s largest bank by assets. Bank officials reported that it earned $ 3.7 […]

U.S. stocks rise on jobless claims drop

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks gained some ground Thursday on a drop in initial jobless claims. In mid-afternoon trading, the Dow Jones Industrial Average was better by 118 points, the Standard & Poor’s 500 Index was up 10 points, and the tech-heavy NASDAQ, helped by […]

Air Canada to keep a lid on growth

Air Canada warned Friday it will keep a lid on increasing its capacity next year, as it reported a sharp drop in operating profits in its third quarter. View full post on Canada Business Stories

U.S. stock futures down ahead of Thursday’s open

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – U.S. stock futures were down ahead of Thursday’s opening bell, signaling a drop when markets open at 9:30 a.m. EST. JP Morgan Chase, the first of the major banks to report third quarter earnings, beat results but profits were down 4 percent. Third […]

Global growth fears back in focus

Exporters and resources pace a fall in Asian shares as a surprise drop in US consumer spending fuels concerns about slowing economic growth View full post on UK Business Stories

Asian stocks higher as US outlook brightens

Asian shares were higher on Monday as trading resumed in most markets after last week’s Lunar New Year holidays, as investors were cheered by strong corporate earnings and an unexpected drop in Friday’s US jobless data View full post on UK Business Stories