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Real-time equity news
U.S. stock market report
1220 EST 21Jan2010
Tiffany raises dividend, resumes share buyback
Tiffany & Co raised its dividend 18 percent on Thursday and said it would resume buying back shares, actions the U.S. jeweler said reflected its board's confidence in its long-term earnings potential.
Beginning in April, Tiffany said it will pay a dividend of 20 cents per share, up from its current payment of 17 cents per share.
The high-end jeweler, which last week reported stronger-than-expected sales for the holiday season, also said it would resume its share buyback program, which had been suspended since the third quarter of 2008. It said $402 million remains available for repurchases under its currently authorized program, which expires in January 2011.
Shares of Tiffany fell 2.3 percent to $42.09.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1033 ET 21Jan2010
Stocks extend losses, Dow falls 2 pct after Obama
Stocks extended losses and the Dow fell more than 2 percent after comments from President Obama on his proposals for the banking industry.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1017 ET 21Jan2010-U.S. Senate won't vote on Bernanke this week
aide
The U.S. Senate will not vote this week on whether to confirm Federal Reserve Chairman Ben Bernanke for a second four-year term, a Democratic party aide said on Thursday.
Bernanke is still expected to be confirmed, the aide said.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1115 EST 21Jan2010
VIX soars jumps on concerns ahead of Obama proposal
The CBOE Volatility index, Wall Street's favorite measure of sentiment, soared on Thursday, gaining more than 10 percent for a second straight day. The VIX was up 10.4 percent at 20.62.
The index had gained 11 percent on Wednesday, marking its biggest one-day jump in nearly two months.
Reuters Messaging: angela.moon.reuters.com@reuters.net
1101 EST 21Jan2010
DreamWorks Animation rises after UBS upgrade
Shares of DreamWorks Animation SKG Inc rose on Thursday after UBS upgraded the stock to 'buy' from 'neutral.'
The firm cited increased confidence in the box office potential of the company's next two films and improved cost discipline.
The studio is scheduled to release the films 'How to Train Your Dragon' and 'Shrek Forever After' in the first half of 2010.
For details, see
The stock gained 3.2 percent to $41.88.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1036 ET 21Jan2010
Big banks, materials drag Wall Street
U.S. stocks fell on Thursday after shares of major banks, including JPMorgan Chase & Co, and those of natural resource companies sold off as investors reassessed a push that drove Wall Street to fresh 15-month highs earlier this week.
The Dow Jones industrial average was down 133.31 points, or 1.26 percent, at 10,469.84. The Standard & Poor's 500 Index was down 12.61 points, or 1.11 percent, at 1,125.43. The Nasdaq Composite Index was down 13.26 points, or 0.58 percent, at 2,277.99.
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Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time equity news
U.S. stock market report
1220 EST 21Jan2010
Tiffany raises dividend, resumes share buyback
Tiffany & Co raised its dividend 18 percent on Thursday and said it would resume buying back shares, actions the U.S. jeweler said reflected its board's confidence in its long-term earnings potential.
Beginning in April, Tiffany said it will pay a dividend of 20 cents per share, up from its current payment of 17 cents per share.
The high-end jeweler, which last week reported stronger-than-expected sales for the holiday season, also said it would resume its share buyback program, which had been suspended since the third quarter of 2008. It said $402 million remains available for repurchases under its currently authorized program, which expires in January 2011.
Shares of Tiffany fell 2.3 percent to $42.09.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1033 ET 21Jan2010
Stocks extend losses, Dow falls 2 pct after Obama
Stocks extended losses and the Dow fell more than 2 percent after comments from President Obama on his proposals for the banking industry.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1017 ET 21Jan2010-U.S. Senate won't vote on Bernanke this week
aide
The U.S. Senate will not vote this week on whether to confirm Federal Reserve Chairman Ben Bernanke for a second four-year term, a Democratic party aide said on Thursday.
Bernanke is still expected to be confirmed, the aide said.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1115 EST 21Jan2010
VIX soars jumps on concerns ahead of Obama proposal
The CBOE Volatility index, Wall Street's favorite measure of sentiment, soared on Thursday, gaining more than 10 percent for a second straight day. The VIX was up 10.4 percent at 20.62.
The index had gained 11 percent on Wednesday, marking its biggest one-day jump in nearly two months.
Reuters Messaging: angela.moon.reuters.com@reuters.net
1101 EST 21Jan2010
DreamWorks Animation rises after UBS upgrade
Shares of DreamWorks Animation SKG Inc rose on Thursday after UBS upgraded the stock to 'buy' from 'neutral.'
The firm cited increased confidence in the box office potential of the company's next two films and improved cost discipline.
The studio is scheduled to release the films 'How to Train Your Dragon' and 'Shrek Forever After' in the first half of 2010.
For details, see
The stock gained 3.2 percent to $41.88.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1036 ET 21Jan2010
Big banks, materials drag Wall Street
U.S. stocks fell on Thursday after shares of major banks, including JPMorgan Chase & Co, and those of natural resource companies sold off as investors reassessed a push that drove Wall Street to fresh 15-month highs earlier this week.
The Dow Jones industrial average was down 133.31 points, or 1.26 percent, at 10,469.84. The Standard & Poor's 500 Index was down 12.61 points, or 1.11 percent, at 1,125.43. The Nasdaq Composite Index was down 13.26 points, or 0.58 percent, at 2,277.99.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.