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Real-time equity news
U.S. stock market report
0758 EST 3Feb2010
Toyota US sales hit by recall, Honda ups outlook
Toyota Motor Corp suffered a sharp drop in U.S. sales last month as its massive recall and unprecedented sales halt allowed rivals to grab market share from the world's largest automaker.
Honda Motor Co was not a beneficiary of Toyota's woes in January, but it raised its forecast for the year to March after cost cutting contributed to the strongest quarterly profit in a year-and-a-half.
For details, see
U.S.-listed shares of Toyota fell 3.2 percent to $75.69 in premarket trading while Honda rose 3.6 percent to $35.50 on modest volume.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0755 EST 3Feb2010
Futures little changed ahead of data
U.S. stock index futures were mostly flat on Wednesday, following two days of strong market gains and ahead of key jobs and services sector data expected to show the U.S. economy has continued to improve.
For details, see
Dow Jones industrial average futures rose 11 points while S&P 500 futures slid 0.2 points and Nasdaq 100 futures were up 2.25 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0749 EST 3Feb2010
WellPoint CEO to take over as chairman
WellPoint Inc Chief Executive Officer Angela Braly will also become chairman of the company's board in March, the health insurer said on Wednesday.
Braly takes over for the retiring Larry Glasscock, who also preceded Braly as CEO of the largest U.S. health insurer by membership.
For details, see
Shares of WellPoint closed Tuesday at $65.05.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0744 EST 3Feb2010
AOL and Time Warner report quarterly results
Both AOL Inc and Time Warner Inc reported quarterly results on Wednesday, not long after AOL was spun off from Time Warner.
The Internet company posted a quarterly profit of 1 cent per share while its revenue fell 17 percent as its subscriber base dwindled.
Time Warner posted an adjusted fourth-quarter profit that beat expectations and increased its dividend.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0741 EST 3Feb2010
Ironwood IPO gets less than expected: underwriter
Drug maker Ironwood Pharmaceuticals Inc initial public offering priced below the expected range, according to an underwriter, raising about 25 percent less than the company had hoped.
The Cambridge, Massachusetts-based company sold 16.7 million shares for $11.25 each, raising about $187.5 million, the underwriter said.
The company had hoped to sell shares for between $14 and $16 each.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0731 EST 3Feb2010-Planned job cuts rise to 5
month high in January
The number of planned layoffs at U.S. companies rose to the highest level in five months in January, led by the retail and telecommunications sectors, a report on Wednesday showed.
Employers announced 71,482 planned job cuts last month, up 59 percent from December and the most monthly job cuts since August, according to the report from Challenger, Gray & Christmas, Inc, a global outplacement consultancy.
'The increase in January is not necessarily a sign of a recession relapse. It is not uncommon to see a surge in job-cut announcements to begin the year,' said John Challenger, chief executive of the consulting group, in a statement.
For details, see
Reuters Messaging: ryan.vlastelica.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
0758 EST 3Feb2010
Toyota US sales hit by recall, Honda ups outlook
Toyota Motor Corp suffered a sharp drop in U.S. sales last month as its massive recall and unprecedented sales halt allowed rivals to grab market share from the world's largest automaker.
Honda Motor Co was not a beneficiary of Toyota's woes in January, but it raised its forecast for the year to March after cost cutting contributed to the strongest quarterly profit in a year-and-a-half.
For details, see
U.S.-listed shares of Toyota fell 3.2 percent to $75.69 in premarket trading while Honda rose 3.6 percent to $35.50 on modest volume.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0755 EST 3Feb2010
Futures little changed ahead of data
U.S. stock index futures were mostly flat on Wednesday, following two days of strong market gains and ahead of key jobs and services sector data expected to show the U.S. economy has continued to improve.
For details, see
Dow Jones industrial average futures rose 11 points while S&P 500 futures slid 0.2 points and Nasdaq 100 futures were up 2.25 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0749 EST 3Feb2010
WellPoint CEO to take over as chairman
WellPoint Inc Chief Executive Officer Angela Braly will also become chairman of the company's board in March, the health insurer said on Wednesday.
Braly takes over for the retiring Larry Glasscock, who also preceded Braly as CEO of the largest U.S. health insurer by membership.
For details, see
Shares of WellPoint closed Tuesday at $65.05.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0744 EST 3Feb2010
AOL and Time Warner report quarterly results
Both AOL Inc and Time Warner Inc reported quarterly results on Wednesday, not long after AOL was spun off from Time Warner.
The Internet company posted a quarterly profit of 1 cent per share while its revenue fell 17 percent as its subscriber base dwindled.
Time Warner posted an adjusted fourth-quarter profit that beat expectations and increased its dividend.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0741 EST 3Feb2010
Ironwood IPO gets less than expected: underwriter
Drug maker Ironwood Pharmaceuticals Inc initial public offering priced below the expected range, according to an underwriter, raising about 25 percent less than the company had hoped.
The Cambridge, Massachusetts-based company sold 16.7 million shares for $11.25 each, raising about $187.5 million, the underwriter said.
The company had hoped to sell shares for between $14 and $16 each.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0731 EST 3Feb2010-Planned job cuts rise to 5
month high in January
The number of planned layoffs at U.S. companies rose to the highest level in five months in January, led by the retail and telecommunications sectors, a report on Wednesday showed.
Employers announced 71,482 planned job cuts last month, up 59 percent from December and the most monthly job cuts since August, according to the report from Challenger, Gray & Christmas, Inc, a global outplacement consultancy.
'The increase in January is not necessarily a sign of a recession relapse. It is not uncommon to see a surge in job-cut announcements to begin the year,' said John Challenger, chief executive of the consulting group, in a statement.
For details, see
Reuters Messaging: ryan.vlastelica.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.